Archive | Canada Mining

Why telling better stories is critical to the future of mining – by Alisha Hiyate (Canadian Mining Journal – March 2021)

March 22, 2021 in Canada Mining, Canadian Media Resource Articles

http://www.canadianminingjournal.com/

Our sector has long lamented the disconnect between the importance of metals to modern life and urbanites’ ignorance of – and even disdain for – mining.

In part, mining’s perception problem comes from the fact that as raw materials, the metals and minerals the sector produces are so removed from the consumer.

The big exception of course, is diamonds, which still have not fully recovered from the “blood diamond” tarnish. Blockchain initiatives to trace mined gems from their source to the customer – put in place by both De Beers (Tracr) and Lucara Diamonds (Clara) – are positive initiatives on this front. Continue Reading →

Crestview Exploration touted by misleading stock promotion campaign in Germany – by Naill McGee (Globe and Mail – March 20, 2021)

March 22, 2021 in Canada Mining, Canadian Media Resource Articles, Junior Exploration Sector

https://www.theglobeandmail.com/

Crestview Exploration Inc., the Calgary gold company targeted with a phony stock promotion campaign that kicked off an RCMP-led fraud investigation in Canada last spring, was recently the subject of a similarly misleading promotional push in Europe.

Last month, a German stock promotion website called Pennystocks.de blasted out a series of posts to its subscribers touting shares in Crestview.

Written in German, the posts contained a litany of false statements, exaggerations and half truths about the tiny exploration-stage company, which trades for pennies on the Canadian Securities Exchange and the Frankfurt Exchange. Continue Reading →

Exclusive: U.S. looks to Canada for minerals to build electric vehicles – documents – by Ernest Scheyder and Jeff Lewis (Yahoo News – March 18, 2021)

March 19, 2021 in Battery Technology Innovation/Electric Vehicles, Canada Mining, International Media Resource Articles, United States Mining

https://news.yahoo.com/

(Reuters) – The U.S. government is working to help American miners and battery makers expand into Canada, part of a strategy to boost regional production of minerals used to make electric vehicles and counter Chinese competitors.

On Thursday, the U.S. Department of Commerce held a closed-door virtual meeting with miners and battery manufacturers to discuss ways to boost Canadian production of EV materials, according to documents seen by Reuters.

A source who attended the meeting said there was no indication that the Commerce Department would offer financial incentives for new mines or other supply chain components in Canada. Continue Reading →

NDP proposes legislation to ban coal mining in Alberta’s Rocky Mountains – (Canadian Press/Global News – March 15, 2021)

March 17, 2021 in Canada Mining, Canadian Media Resource Articles, Coal

https://globalnews.ca/

Longtime southern Alberta landowner Bobbi Lambright says she isn’t about to let emotion colour her concerns about coal mining activities on the eastern slopes of the Rocky Mountains.

She was at a news conference in Calgary Monday as Alberta’s opposition NDP announced plans to introduce a private member’s bill that would ban future coal mining and related activities in the region.

“This is not just an emotional reaction on the part of people who love the beautiful mountains,” said Lambright, who’s also a member of the Livingstone Landowners Group. Continue Reading →

One CEO’s decade-long quest to find cost-competitive rare earth minerals outside China – by Gabriel Friedman (Financial Post – March 13, 2021)

March 17, 2021 in Canada Mining, Canadian Media Resource Articles, Cobalt, Critical, Strategic and Rare Earth Minerals and Metals

https://financialpost.com/

After a decade-long search for a new source of rare earth minerals that wasn’t located in China, Constantine Karayannopoulos finally found his answer in “monazite” sands in the southeastern U.S., not far off the coast of Georgia.

There was just one small catch: his source of rare earths is literally radioactive, with a decent amount of uranium and thorium mixed in.

But Karayannopoulos, a 30-year veteran of the rare earths sector and chief executive of Toronto-based Neo Performance Materials Inc., would not be deterred by radioactivity, or even a pandemic. Continue Reading →

Argentine President Targeted by Mob Fighting to Keep Out Mines – by Jonathan Gilbert (Bloomberg News – March 15, 2021)

March 17, 2021 in Canada Mining, Copper, Gold and Silver, International Media Resource Articles, Latin America Mining

https://www.bnnbloomberg.ca/

(Bloomberg) — Argentine President Alberto Fernandez had to dodge protesters to get onto a minibus that was then pelted with stones as environmentalists battle a move to give mining the green light in Chubut.

In the Patagonian province to check on efforts to extinguish forest fires, Fernandez was caught off guard as protesters seized the opportunity to take their objection to precious-metal mining to the very top of government.

The latest twist in a yearslong conflict shines a light on a growing challenge for mining companies around the world as environmental, social and governance expectations rise among investors, regulators and the general public. Continue Reading →

Policy uncertainty continues to hurt Canada’s mining industry – by Jairo Yunis and Elmira Aliakbari (Troy Media – March 16, 2021)

March 17, 2021 in Canada Mining, Canadian Media Resource Articles

https://troymedia.com/

Jairo Yunis and Elmira Aliakbari are analysts at the Fraser Institute.

The COVID recession has hurt Canada’s natural resources sector, with supply disruptions, commodity price declines and greater uncertainty regarding future demand. Not surprisingly, capital investment in the Canadian mining industry has dropped to its lowest level since 2009.

Of course, business investment should be a key pillar of Canada’s economic recovery, as the governor of the Bank of Canada recently stated in a speech delivered to the Vancouver Board of Trade.

Amid these conditions, government policies are critically important in attracting much-needed investment. And according to our recent survey, policy uncertainty continues to hurt several Canadian provinces in the eyes of mining investors. Continue Reading →

Canada can be global critical minerals ‘supplier of choice,’ say feds – by Staff (Northern Ontario Business – March 12, 2021)

March 16, 2021 in Canada Mining, Canadian Regional Media and Web Publications, Cobalt, Critical, Strategic and Rare Earth Minerals and Metals

https://www.northernontariobusiness.com/

Natural Resources Minister releases list of essential and strategic minerals that will drive the digital and clean-tech economy

On the last day of the Prospectors and Developers Association of Canada’s virtual mining show, federal Natural Resources Seamus O’Regan announced the release of a nationally significant list of 31 critical minerals.

These minerals are deemed essential in the manufacturing of batteries, magnets, solar panels, wind turbines and various other renewable energy and clean-tech applications.

Many of these minerals are also used in defence, aerospace and security technologies, consumer electronics, agriculture, healthcare, telecommunications, medical applications and critical infrastructure. Continue Reading →

Federal government makes critical minerals push, but no funding commitments – by Niall McGee (Globe and Mail – March 11, 2021)

March 16, 2021 in Canada Mining, Canadian Media Resource Articles, Cobalt, Critical, Strategic and Rare Earth Minerals and Metals

https://www.theglobeandmail.com/

The federal government unveiled a list of minerals it deems critical to Canada’s economy and energy security on Thursday, but stopped short of making any funding commitments to help the private sector get new mining projects off the ground.

The list of 31 minerals includes those needed for the electric-car industry, such as lithium, cobalt and copper; key inputs for Canada’s food security, such as potash used in fertilizers; uranium for the nuclear-power industry; and various raw materials used in metals production, such as chromite, a key stainless-steel input.

Canada’s renewed focus on rare earths comes amid a North America-wide push to bolster supply chains. The United States has been particularly vocal about the need to boost its production of critical minerals, as fears of a Chinese stranglehold on supplies intensify. Continue Reading →

NEWS RELEASE: Save Canadian Mining Responds to Canadian Securities Administrators (CSA) Consultation Paper on Activist Short Selling (March 9, 2021)

March 12, 2021 in Canada Mining

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March 9, 2021 (Toronto) – Today Save Canadian Mining is issuing a statement on the recently concluded consultation that the Canadian Securities Administrators (CSA) conducted on activist short selling and its potential impact on Canadian capital markets (CSA Consultation Paper 25-403 – Activist Short Selling).

“We are pleased to leverage the CSA’s recent consultation on activist short selling to draw wider attention to existing regulatory loopholes that have enabled predatory short selling to proliferate at the expense of junior issuers for many years,” said Terry Lynch, Founder and Executive Director of Save Canadian Mining. SCM’s formal response to the consultation was submitted last week.

SCM was launched in 2019 to advocate for the need of governments to exercise greater oversight in Canada’s capital market structure to protect the country’s junior mining industry. Since its launch, SCM has attracted support from the Ontario Mining Association, the Ontario Prospectors Association, and over 3,000 investors and junior mining companies from across Canada. Continue Reading →

PDAC: Think big, exploration opportunity is huge, says BHP’s Laura Tyler – by Carl A. Williams (Northern Miner – March 11, 2021)

March 12, 2021 in BHP Billiton, Canada Mining, Canadian Media Resource Articles, Nickel

Global mining news

“From where I sit, the opportunity in front of us is huge,” BHP’s (NYSE: BHP; LSE: BHP; ASX: BHP) chief technical officer Laura Tyler told the PDAC’s virtual convention.

“I see great prosperity as we collaborate to discover the commodities of the future … faster, more efficiently, and more sustainably than ever before.”

Speaking from Adelaide in Australia, Tyler noted that the last year had been one of “challenge and opportunity for us all.” Continue Reading →

Alberta environment minister’s constituents concerned over coal-mining – by Bob Weber (CBC News Edmonton – March 10, 2021)

March 12, 2021 in Canada Mining, Canadian Media Resource Articles, Coal, Mining Conflict and Opposition

https://www.cbc.ca/news/canada/edmonton/

Canadian Press – A municipal council in Alberta Environment Minister Jason Nixon’s constituency is the latest in a growing number of communities expressing concern about the province’s plan to expand coal mining in the Rocky Mountains.

Clearwater County, which includes the town of Rocky Mountain House and about half the people Nixon represents in the legislature, voted unanimously Tuesday to send a letter to the United Conservative government.

Reeve Cammie Laird said the letter thanks the government for reinstating protections for the Rockies from surface coal mines and for reconsidering its decision not to hold public consultations. But it warns local people are worried. Continue Reading →

NEWS RELEASE: Canada Announces Critical Minerals List (Natural Resources Canada – March 11, 2021)

March 11, 2021 in Canada Mining, Cobalt, Critical, Strategic and Rare Earth Minerals and Metals

OTTAWA, ON, March 11, 2021 /CNW/ – Global demand for critical minerals is increasing to support the transition to a low emissions global economy. Canada can leverage its mining and processing expertise and world leading environmental, social and governance credentials, and become the global supplier of choice for clean and advanced technologies.

Canada’s Minister of Natural Resources, the Honourable Seamus O’Regan Jr., today announced the release of a Canadian critical minerals list during the virtual Prospectors & Developers Association of Canada’s (PDAC) 2021 Convention.

The list includes 31 minerals considered critical for the sustainable economic success of Canada and our allies—minerals that can be produced in Canada, are essential to domestic industry and security and have the potential to support secure and resilient supply chains to meet global demand. Continue Reading →

BHP moves exploration team to Toronto to grow copper, nickel pipeline – by Cecilia Jamasmie (Mining.com – March 11, 2021)

March 11, 2021 in BHP Billiton, Canada Mining, Canadian Media Resource Articles, Copper, Nickel

https://www.mining.com/

BHP (ASX, LON, NYSE: BHP) is moving its exploration headquarters to Toronto, Canada’s most populous city, as it looks to growth its pipeline of “green metals” projects, particularly copper and nickel.

The move, announced by chief technical officer Laura Tyler, follows the world’s largest miner’s decision to partner with Midland Exploration (TSX-V: MD) in August last year to explore for nickel in northern Quebec.

Both copper and nickel have taken the centre stage in the “green revolution”, as they are vital metals needed for EVs, battery storage, charging stations and related grid infrastructure. Continue Reading →

PDAC: Enormous opportunities to go green in Canada, says minister of industry – by Carl A. Williams (Northern Miner – March 2021)

March 11, 2021 in Battery Technology Innovation/Electric Vehicles, Canada Mining, Canadian Media Resource Articles

Global mining news

Canada is uniquely positioned to become a “global leader in electric vehicle manufacturing,” says Francois-Philippe Champagne, Canada’s Minister of Innovation, Science and Industry, in a fireside chat with Invest in Canada’s CEO Ian McKay at this year’s PDAC.

As countries worldwide begin to electrify their transportation systems, Canada offers unique advantages, the minister said. “Canada offers renewably generated electricity, a skilled workforce, a stable and predictable jurisdiction to operate in, the rule of law – a commodity very much in demand these days – and an abundance of the critical minerals needed for the batteries that power electric vehicles.”

He continued, the “mines to mobility” approach adopted in Canada means “greening” the entire value chain, including mineral extraction, the chemistry involved in processing minerals, battery production, vehicle assembly, and the end-of-life recycling of batteries. Continue Reading →