Archive | Canada Mining

Leaders at B2Gold, Chalice Mining win Kitco Mining’s CEO of 2020 (Kitco News – March 4, 2021)

March 5, 2021 in Canada Mining, Canadian Media Resource Articles

https://www.kitco.com/

2020 was a historic year for the mining sector. Companies navigated the uncertainty surrounding the COVID-19 pandemic and worldwide lockdown measures, and still delivered unprecedented value for their investors.

Kitco Mining recognized the best of the best. Clive Johnson, chief executive officer at B2Gold (NYSE:BTG) and managing director Alex Dorsch at Chalice Mining (ASX:CHN) are Kitco Mining’s CEO of the Year winners for 2020.

Dorsch won in the Exploration and Development Category. Johnson won in the Mining Category. Kitco News announced the winners in a special live YouTube broadcast Thursday at 3:30 p.m. ET. Continue Reading →

Canada’s missing the boat on mining — and the future – by Diane Francis (Financial Post – March 5, 2021)

March 5, 2021 in Canada Mining, Canadian Media Resource Articles

https://financialpost.com/

Canada has the resources, brains and track record to accelerate the transition to the New Economy, but we are crippled by a useless political class that never ran a pop stand

The cost of electing a naïve and inept Liberal government has been inestimable, and our resource-blessed nation is about to miss the boat once more in the world of mining.

Mining built Canada, undergirds the economy, employs more Indigenous workers than any other sector, and pays the highest wages in the country.

Canada is a centre of excellence in mining, which is why the world’s biggest mining gathering — the Prospectors & Developers Association of Canada, launched in 1932 — is once more about to take place this month, albeit virtually. Continue Reading →

OPINION: Message from the Norway wealth fund to oil sands companies: Clean up your act or suffer – by Eric Reguly (Globe and Mail – February 27, 2021)

March 3, 2021 in Canada Mining, Canadian Media Resource Articles, Oil and Gas Sector-Politics and Image

https://www.theglobeandmail.com/

Norway’s US$1.3-trillion sovereign wealth fund, the world’s biggest, continues to lose interest in grubby resource companies. Last month, we learned it blacklisted 15 businesses in 2020.

Four were Canadian, each an oil sands player: Canadian Natural Resources, Cenovus Energy, Imperial Oil and Suncor.

“We divest from companies where we no longer want to be a shareholder for ethical or sustainability reasons,” the fund said. “By not investing in these companies, we reduce our exposure to unacceptable risks.” Continue Reading →

Endeavour Mining pivots to exploration to alter image after deal spree – by Helen Reid and Jeff Lewis (Globe and Mail – March 2, 2021)

March 3, 2021 in Africa Mining, Canada Mining, Canadian Media Resource Articles, Gold and Silver

https://www.theglobeandmail.com/

Canadian gold firm Endeavour Mining, which is preparing for a London listing late next quarter, is switching its focus to integrating new mines after a $2.7-billion acquisition spree in West Africa last year spooked some investors.

The group, whose share price has underperformed a wider index of gold mining stocks to slide nearly 30 per cent since mid-2020, is hitting the brakes on new purchases after buying mining firms Semafo Inc. and Teranga Gold Corp. in the past year.

Chief executive Sébastien de Montessus said his priority now is to show shareholders he is committed to organic growth in six core gold mines across Ivory Coast, Senegal and Burkina Faso. Continue Reading →

In the race to clean dirty industries, these new technologies give hope for a low-carbon future – by Eric Reguly (Globe and Mail – March 1, 2021)

March 1, 2021 in Canada Mining, Canadian Media Resource Articles

https://www.theglobeandmail.com/

Of all the commodities that build and power civilization, only two – oil and coal – are set for output declines in the next decades as global warming threatens to turn Earth into planetary toast. Their carbon outputs are too high for comfort, and society wants them squeezed out of the energy mix.

The other commodities are not going anywhere. The world will need a lot more of the metals required to underwrite the transition to a clean economy – copper, cobalt, nickel, titanium, zinc.

Steel and cement will be needed in ever-increasing amounts, too; you can’t build Teslas out of carrots or skyscrapers out of timber. Continue Reading →

High notes and hard hats: The Men of the Deeps look to add new voices – by Erin Pottie (CBC News Nova Scotia – February 26, 2021)

March 1, 2021 in Books, Art, Music and Photography About Mining and Northern Topics, Canada Mining, Canadian Media Resource Articles, Coal

https://www.cbc.ca/news/canada/nova-scotia/

Interest shown from mine workers who spent time in western Canada and at idled Donkin mine

The Men of the Deeps want to add new voices to their singing ensemble. But unlike many choirs around the continent, this group has a prerequisite — coal mining experience.

Ernie Kliza, who sings baritone in the group, said members serve as ambassadors to the island’s mining history and folklore. “It’s a similar camaraderie to when we actually worked in the mines, like each person watching over the other person,” said Kliza, who worked in the mining industry for 23 years.

“The singing and the storytelling is to perpetuate the various events that took place over the last hundreds of years.” Continue Reading →

GOLD MINES: Canadian miners dig deeper in West Africa – by Christophe Le Bec, Honoré Banda and Amadou Oury Diallo (The Africa Report – February 25, 2021)

February 26, 2021 in Africa Mining, Canada Mining, Gold and Silver, International Media Resource Articles

https://www.theafricareport.com/

In the underexplored and booming gold-mining areas of West Africa, Canadian miners are moving fast to expand their operations.

Mining firms large and small are exporting the expertise gained in their home market to Francophone West African countries where governments are keen to boost their revenue. Canada is home to gold giants like Barrick Gold, as well as minnows that are far from being household names.

“West Africa has more potential than any other region in the world. Its geology is similar to that of northern Ontario, Quebec or Western Australia – exceptionally prolific belts,” says Richard Young, head of the Canadian mining group Teranga Gold Corporation, which is active in Senegal and Burkina Faso. Continue Reading →

Geology is in the eye of the beholder – by Shane Lasley (North of 60 Mining News – February 26, 2021)

February 26, 2021 in Canada Mining, International Media Resource Articles, United States Mining

https://www.miningnewsnorth.com/

The American Southwest is the best place in the world to find, permit, and build a mine, according to the mining executives that responded to the Fraser Institute’s Annual Survey of Mining Companies, 2020.

Nevada, which is a perennial top-5 contender when it comes to “investment attractiveness”, reclaimed the top spot from Western Australia in the latest edition of the Fraser mining survey. Arizona moved up from seven places to claim the No. 2 position in this category.

“Nevada continues to be a premier mining jurisdiction,” said the president of a mining company that produces more than US$50 million per year. Continue Reading →

Canada Used To Provide A Lot Of World’s Lithium, But Can It Revive That? – by Michael Barnard (Clean Technica – February 24, 2021)

February 25, 2021 in Battery Technology Innovation/Electric Vehicles, Canada Mining, International Media Resource Articles, Lithium

https://cleantechnica.com/

Lithium used to be used to treat mania and mood swings, and now its availability or lack thereof is making market swings. In the 1950s, Canada was actually a player in the international lithium market, with a mine in Quebec providing tons of the salt, then failing as the market failed.

Fast forward to 2021, and lithium is a core component of the electrification of transportation, in all of our electronic gadgets and a lesser component for grid storage.

Canada actually has massive lithium reserves underground. Can it return to being, if not the king of lithium, at least a well-positioned pawn? Continue Reading →

NEWS RELEASE: New Report Highlights the Essential Nature of Canadian Mining in Ongoing Global COVID-19 Economic Recovery Efforts (Mining Association of Canada – February 25, 2021)

February 25, 2021 in Canada Mining

https://mining.ca/

OTTAWA, ON, Feb. 25, 2021 /CNW/ – Today, the Mining Association of Canada (MAC) released its annual Facts & Figures report, a comprehensive overview of current trends, including updated statistics and analysis, in Canada’s mining sector.

With the impact of COVID-19 and the resulting heighted demand for minerals and metals, Canada’s mining industry is poised to play a leadership role in economic recovery efforts, both domestically and internationally, as the pandemic continues to have a massive impact on our daily lives.

“The COVID-19 pandemic has underscored the significant role the mining sector plays in ensuring the materials people and businesses need now more than ever are both available and responsibly sourced,” said Pierre Gratton, MAC’s President and CEO. Continue Reading →

Investors are increasingly shunning mining companies that violate human rights – by Shin Imai and Sarah Colgrove (The Conversation – February 22, 2021)

February 23, 2021 in Canada Mining, Canadian Media Resource Articles

https://theconversation.com/

Shin Imai is Professor Emeritus, Osgoode Hall Law School, York University, Canada. Sarah Colgrove is Adjunct Law Professor, Ryerson University.

Investors in Canadian mining company Tahoe Resources paid a price when Tahoe failed to disclose the extent of community and Indigenous opposition to its Escobal mine in Guatemala a few years back.

Its stock was flying high at $27 a share, but it fell after a string of lawsuits and violent conflicts — including security guards shooting protesters in the back. The mine was eventually suspended by a Guatemalan court, and Tahoe was sold to Pan American Silver for about $5 a share.

People who invested in Vancouver-based Tahoe were undoubtedly attracted to its ownership of one of the world’s largest silver deposits, and assured by its claims that “communities love us.” Continue Reading →

NEWS RELEASE: Saskatchewan 3rd most attractive jurisdiction worldwide for mining investment, Quebec and Newfoundland and Labrador also in global top 10 (Fraser Institute – February 25, 2021)

February 23, 2021 in Canada Mining, Ontario Mining

CALGARY—Saskatchewan remains Canada’s most attractive jurisdiction for mining investment, finds the Annual Survey of Mining Companies released today by the Fraser Institute, an independent, non-partisan Canadian public policy think-tank.

“The Fraser Institute’s mining survey is the most comprehensive report on government policies that either attract or discourage mining investors,” said Elmira Aliakbari, director of the Fraser Institute’s Centre for Natural Resource Studies and co-author of the report.

This year’s report ranks 77 jurisdictions around the world based on their geologic attractiveness (minerals and metals) and government policies that encourage or deter exploration and investment.

Again, on the report’s Overall Investment Attractiveness Index, Saskatchewan remains the top-rated Canadian jurisdiction (3rd up from 11th last year) followed by Quebec (6th up from 18th) and Newfoundland and Labrador (8th up from 28th). Continue Reading →

MINING THE HEART OF THE CONTINENT – by Randal Macnair (Wildsight.ca – February 18, 2021)

February 19, 2021 in British Columbia Mining, Canada Mining, Canadian Regional Media and Web Publications, Coal, Mining Conflict and Opposition

Wildsight

The Rocky Mountains are one of the most iconic and biologically significant mountain ranges in the world. Stretching almost 5,000 kilometres from northern British Columbia to the arid reaches of the US Southwest, these spectacular mountains support a vast array of species and provide an essential corridor to maintain genetic diversity for grizzly bears throughout the continent.

Near the geographic centre of the Rockies is the region often referred to as the Crown of the Continent, an ecosystem that straddles international and provincial borders. So significant is this region that part of it has been declared a Unesco Biosphere Reserve.

In this heart of the Rockies a story of two divergent approaches to resource extraction is taking place. The players are the provinces of British Columbia and Alberta and this story has a twist. The people of Alberta are saying enough is enough while British Columbia is full speed ahead. Continue Reading →

Barrick is in no rush to do its next big M&A deal, CEO says – by Niall McGee – February 19, 2021)

February 19, 2021 in Barrick Gold Corporation, Canada Mining, Canadian Media Resource Articles, Gold and Silver

https://www.theglobeandmail.com/

Barrick Gold Corp. is sniffing around for its next acquisition, but chief executive officer Mark Bristow says the big Canadian miner won’t be rushed into doing anything rash.

Toronto-based Barrick’s most recent significant deal was its 2018 US$6-billion purchase of Randgold Resources Ltd. , the African producer Mr. Bristow founded and ran for two decades.

Inspired by the success of that deal, several other large gold companies, including Newmont Corp. and Kirkland Lake Gold Ltd. struck multibillion-dollar acquisitions of their own. Smaller deals also followed, with Endeavour Mining Corp., Alacer Gold Corp. and Agnico Eagle Mines Ltd. taking starring roles. Continue Reading →

Endeavour Mining CEO Sebastian de Montessus is our Mining Person of the Year for 2020 – by Trish Saywell (Northern Miner – February 18, 2021)

February 18, 2021 in Africa Mining, Canada Mining, Canadian Media Resource Articles, Gold and Silver, Northern Miner – Mining Person of the Year Award

Global mining news

Completing two major acquisitions in one calendar year is a significant achievement by any measure but to do so in the midst of a pandemic makes it even more remarkable – which is one of the reasons why we have chosen Endeavour Mining CEO Sebastian de Montessus as our Mining Person of the Year for 2020.

Last March – just as Covid-19 started turning the world upside down – Endeavour announced the friendly acquisition of Semafo in an all-share deal valued at US$716 million – adding two cornerstone mines (Boungou and Mana in Burkina Faso) to its already sizeable portfolio of mining operations in West Africa.

The deal made Endeavour not only the largest gold producer in Côte d’Ivoire and Burkina Faso but the largest gold producer in all of West Africa, with more than 1 million oz. of gold production a year. Continue Reading →