Archive | Canada Mining

Analysts expect global shortage of precious metals in years to come – by Eugene Gerden (Resource World – July 22, 2021)

https://resourceworld.com/

The increase of demand for clean energy sources and the ever growing popularity of electric vehicles and energy storage systems in the world may lead to a shortage of metals in the global market followed by a sharp increase in prices for them in years to come, according to recent statements, made by producers and analysts in the field of mining.

According to recent estimates of the International Energy Agency (IEA), the demand for lithium will grow more than 40 times by 2040, while for cobalt and nickel by 20 times within the next two decades. The same situation is expected to be observed in the case of other precious metals.

Igor Sechin, Chief Executive Officer of Rosneft, Russia’s largest state-owned oil producer, believes such as growth of demand may lead to the shortage of this and other metals in the global market, as the current investments in their exploration and development remains insufficient to ensure their stable supplies to global market. Continue Reading →

Stellantis CEO says Canada could be the location of its new electric-vehicle battery plant – by Eric Atkins (Globe and Mail – July 22, 2021)

https://www.theglobeandmail.com/

The head of Stellantis says Canada could be the location of its new electric-vehicle battery plant, part of the global automaker’s $44.5-billion investment in low-emission cars.

Stellantis, formed in January by the merger of Fiat Chrysler Automobiles and PSA Group of France, will build two battery plants in North America and three in Europe – Germany, France and possibly Italy.

Carlos Tavares, Stellantis’s chief executive officer, said the locations of the North American plants have not been selected, and are under discussion with partners and government officials. Continue Reading →

NEWS RELEASE: Joint Statement by Canada’s Minister of Natural Resources and the European Commissioner for Internal Market (Natural Resources Canada – July 19, 2021)

OTTAWA, ON, July 19, 2021 /CNW/ – Canada’s Minister of Natural Resources, the Honourable Seamus O’Regan Jr., and the European Commissioner for Internal Market, Thierry Breton, released the following joint statement on the framework for Canada-EU Strategic Partnership on Raw Materials.

“The security of supply chains for the minerals and metals essential to the transition to a carbon-neutral and digitized economy is a priority for both Canada and the European Union.

Through this strategic partnership, developed jointly between Natural Resources Canada and the European Commission’s Directorate-General for Internal Market, Industry, Entrepreneurship and SMEs, we will focus on enhancing the security and sustainability of trade and investment, integrating raw material value chains and leading by example on environmental, social and governance standards. Continue Reading →

Coal firm appeals rejection of Grassy Mountain open-pit mine – by Ian Vandaelle (BNN Bloomberg – July 19, 2021)

https://www.bnnbloomberg.ca/

The company behind a proposal to build a massive open-pit coal mine along the eastern slopes of the Rocky Mountains is appealing a regulatory decision that halted the development last month.

Australia-based Benga Mining Limited said Monday it launched a legal appeal process to dispute the rejection of the Grassy Mountain steelmaking coal mine by a joint provincial-federal review panel, taking issue with a number of the panel’s findings.

Benga Chief Executive Officer John Wallington said in a release the company disagreed with the Joint Review Panel (JRP) and Alberta Energy Regulator (AER) methodology and conclusion, including Benga’s view that the regulators did not properly take into account First Nations’ support for the project. Continue Reading →

Top-10 Canadian base metal and uranium explorers and developers (Mining.com – July 13, 2021)

https://www.mining.com/

Demand for greener energy has put companies with uranium and base metal projects under the spotlight. Here’s a list of the top ten Canadian-headquartered base metal and uranium juniors with no production. The ranking is based on the companies’ market capitalization as of June 3, and compiled by MiningIntelligence.

NexGen Energy – Market capitalization: C$2.7 billion ($2.3 billion)

NexGen Energy’s (TSX: NXE; NYSE: NXE) market cap has increased fivefold from last year, pushing it from third to first place in this year’s top ten ranking.

The exploration and development company’s valuation has been boosted as the spot price for uranium edged higher in May to pass $32 per lb., and comes after several years in which uranium was trading in the $25-30 per lb. price range. Continue Reading →

Sudbury to headquarter new mining network – by Staff (Sudbury Star – July 14, 2021)

https://www.thesudburystar.com/

Details of $112-million project unveiled on Tuesday

Sudbury will be the centre of a new network aiming to make Canada a leader in sustainable, efficient and safe mining, especially when it comes to so-called critical minerals.

François-Philippe Champagne, the federal minister of Innovation, Science and Industry, announced Tuesday the federal government will kick in $40 million towards a $112.4-million project put together by Sudbury-based CEMI, the Centre for Excellence in Mining Innovation Inc.

The money will support the creation of the Mining Innovation Commercialization Accelerator (MICA) Network. MICA is a Canadian initiative bringing together people and companies from a wide range of fields to quicken the development and commercialization of innovative technologies to make the mining sector more productive and sustainable. Continue Reading →

Mining sector accelerator is latest beneficiary of Federal Liberals ‘net zero’ fund – by Gabriel Friedman (Financial Post – July 13, 2021)

https://financialpost.com/

The project is intended to accelerate the mining sector’s development of innovative and clean technology, according to a government source

Minister of Innovation, Science and Industry François-Philippe Champagne is expected on Tuesday to announce a $40-million contribution from the federal government for a new Mining Innovation Commercialization Accelerator Network, the Financial Post has learned.

The project is intended to accelerate the mining sector’s development of innovative and clean technology, according to a government source, who requested anonymity because the news was not yet public.

The project, to be administered through the Sudbury, Ont.-based Centre for Excellence in Mining Innovation, would be the latest in the past few weeks to receive funding from the federal government’s ‘net zero’ Strategic Innovation Fund, an $8-billion fund meant to help industry decarbonize over the next several years. Continue Reading →

NEWS RELEASE: Government invests to help accelerate innovation in Canada’s mining industry (July 13, 2021)

Investment to position Canada’s mining sector to benefit from, and contribute to, Canada’s green economic recovery

July 13, 2021 – Rouyn-Noranda, Quebec

Canada’s mining sector is a crucial part of our economy, and the global demand for minerals is only adding to its potential. The Government of Canada is supporting the continued success of the sector by investing in innovative solutions that will strengthen Canada’s international leadership in sustainable, efficient and safe mining.

Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, announced an investment of $40 million in a $112.4-million project of the Centre for Excellence in Mining Innovation Inc. (CEMI). This investment supports the creation of the Mining Innovation Commercialization Accelerator (MICA) Network, a pan-Canadian initiative bringing together stakeholders from a wide range of fields to accelerate the development and commercialization of innovative technologies to make the mining sector more productive and sustainable.

MICA will be headquartered in Sudbury, Ontario, and will operate across Canada through the following main partners: the Bradshaw Research Initiative for Minerals and Mining, InnoTech Alberta, Saskatchewan Polytechnic, MaRS, Le Groupe MISA and the College of the North Atlantic. MICA is an ecosystem initiative designed to modernize mining and improve its productivity and environmental performance, strengthen the Canadian mineral supply chain, and increase the domestic and export sales of Canadian innovators. Continue Reading →

KPMG NEWS RELEASE: Rising demand for ‘green’ metals renews growth optimism for Canadian mining companies (July 8, 2021)

For report: https://bit.ly/3qZTGKX

ESG, sustainability, and innovation key to growth prospects, KPMG in Canada report finds

TORONTO, July 8, 2021 /CNW/ – Rising demand for ‘green’ metals as the world transitions to clean energy is contributing to renewed optimism in the growth prospects for Canada’s mining industry, finds a new KPMG in Canada report, Risk and Opportunities for Canadian miners.

Minerals like lithium, cobalt, and nickel are critical to the green and digital transition now underway to achieve a below 2°C future. The production of minerals needed to deploy wind, solar, and geothermal power, as well as energy storage, is predicted to increase by nearly 500 per cent by 2050, according to the World Bank. Demand for lithium used in batteries, for example, including electric vehicles, is expected to expand by a factor of 30 by 2030, according to the International Energy Agency.

“The outlook for the mining industry is extremely positive,” says Heather Cheeseman, partner and Toronto mining leader, KPMG in Canada. Continue Reading →

OPINIONS: O’Regan’s relationship with mining lobby is too cozy – by Donna Ashamock and Ugo Lapointe (iPolitics.ca – July 7, 2021)

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Donna Ashamock is an Eeyou/Inninew (Cree) member affiliated with Fort Albany First Nation and is co-chair of MiningWatch Canada. Ugo Lapointe is the Canada program coordinator at MiningWatch Canada and an adviser to the Commissioner of the Environment and Sustainable Development’s 2019 audit of the protection of Canadian waters from mine effluents.

By recently co-signing a series of opinion pieces that ran across the country, federal Natural Resources Minister Seamus O’Regan has crossed an ethical line.

In the letters, O’Regan joined the CEO of Canada’s largest mining lobby group to promote the interests of the very same industry the minister is supposed to regulate on behalf of all Canadians.

Under cover of the need to supply materials for a “green economy,” the letters use overstated rhetoric commonly employed by the Mining Association of Canada to further its interests in extracting more raw materials at the expense of alternative solutions. Continue Reading →

Why Canadian exports of the fuel of the ‘previous century’ continue to surge — for now – by Gabriel Friedman (Financial Post – July 7, 2021)

https://financialpost.com/

Even though Canadian thermal coal must be shipped halfway around the world, it remains marketable to Asian countries for several reasons

In mid-June, the federal Liberals announced what sounded like a one-two punch for Canada’s thermal coal sector.

Calling it the fuel of a “previous century,” Prime Minister Justin Trudeau’s government joined with other G7 countries and agreed Canada would no longer finance new thermal coal plants and mines abroad. Meanwhile, at home, his cabinet announced it would apply strict scrutiny to any proposed new thermal coal mines or expansion projects.

But phasing out Canada’s thermal coal sector won’t happen overnight. In fact, if anything thermal coal exports have grown over the past couple years, and may grow further as new markets open up in Asia. Continue Reading →

Coal Mining in Alberta – by Editorial (Crowsnest Past Herald – June 30, 2021)

https://www.passherald.ca/

I always suspected that the Crowsnest Pass was treated like the asshole of the province, now I’m beginning to see that it’s really true. If you look at certain maps you will be hard pressed to find the Crowsnest Pass; it’s as if the province ended at Pincher Creek. It used to be amusing and the fodder for jokes but now I don’t find it so funny.

The Joint Review Panel (JRP) has submitted its findings and coal mining in this province is in peril. When you have a company as big as Hancock (parent company to Riversdale Resources) get a resounding “the project is not in the public interest” from JRP, it feels like the death walk for coal.

This is what I find incredibly interesting after reading the review. Riversdale spent 5 years and over 20,000 pages trying to convince a government appointed review committee that coal mining is possible in the Crowsnest Pass. Continue Reading →

How Ivanhoe’s giant new Congo mine stacks up against copper mining’s top tier – by Frik Els (Mining.com – June 24, 2021)

https://www.mining.com/

When Ivanhoe Mines’ Kamoa-Kakula project in the Democratic Republic of Congo went into production a month ago it was the biggest new mine to do so since Escondida in Chile in November 1990.

Escondida hit its stride eight years later, producing 867,000 tonnes on its way to a peak of more than 1.4m tonnes a decade later. With more than 50 years left, the BHP-Rio Tinto owned operation may remain unsurpassed over its life in terms of sheer size.

A new report by BMO Capital Markets analyst Andrew Mikitchook outlines a similarly rapid growth path for Kamoa-Kakula, with the DRC mine entering peak production of 841,000 tonnes by 2028. Continue Reading →

U.S. looks to Canada for critical minerals to support EV battery plans – by Riley Beggin (Detroit News/The Columbian – June 27, 2021)

https://www.columbian.com/

WASHINGTON — U.S. policymakers hoping to power an electric vehicle boom acknowledge the country lacks a robust and reliable supply chain for the minerals needed to power next-generation cars.

That reality — exposed by the economic aftershocks delivered by the COVID-19 pandemic — looms as a national security risk the administration plans to remedy, in part, by working with like-minded nations. Increasingly, Canada appears to be among the first in line.

The White House is signaling plans to increase collaboration between the U.S. and Canada on critical minerals, according to a recent supply chain review that highlighted the country’s mineral assets. Continue Reading →

Report outlines what Canada must do to secure supply of critical minerals – by Valentina Ruiz Leotaud (Northern Miner – June 24, 2021)

Global mining news

The Standing Committee on Natural Resources has presented a report before Canada’s House of Commons that stresses the importance of securing a supply of critical minerals, particularly in the face of China’s dominance.

Currently, the Asian economic giant owns as much as 80% of the global processing capacity for rare earths, as it has been investing for decades in acquiring strategic mineral assets across the world, and according to data gathered by the committee, it is likely to hold about 67% of the global capacity to build lithium-ion batteries by 2030.

Based on the information and feedback received from industry, First Nations, research institutions, market analysts and other experts, the Committee said it is time for the Canadian government to step up its game, leverage the Canadian mining industry’s high environmental, social and governance standards and involvement of Indigenous communities, and take concrete steps to reduce the country’s dependence on foreign markets while positioning itself in global markets. Continue Reading →