Twitter

Canada Mining

Could Trump’s deregulation quest speed permitting in Canada too? – by Alisha Hiyate (Northern Miner – November 20, 2024)

https://www.northernminer.com/

U.S. president-elect Donald Trump made two picks for key posts in his administration last week that signal he’s serious about rolling back environmental regulations and speeding up permitting for oil and gas as well as mining projects – a policy that could put pressure on Canada to do the same.

Trump, who has repeatedly promised the U.S. will “drill baby, drill” for fossil fuels, named Lee Zeldin, a former congressman from New York, as his pick on Nov. 11 to head up the Environmental Protection Agency. Zeldin has promised to roll back “left-wing” regulations while also protecting the environment. He’s endorsed Trump’s call to use the EPA to pursue U.S. “energy dominance” and economic growth.

Read more

Paladin’s Fission Takeover Is Delayed by Canada Security Review – by Jacob Lorinc (Bloomberg News – November 19, 2024)

https://www.bnnbloomberg.ca/

(Bloomberg) — Canada’s federal government is extending a national security review of Paladin Energy Ltd.’s acquisition of Fission Uranium Corp., further delaying a deal that was supposed to close in September.

Australia’s Paladin Energy said Tuesday it received a notice from Canada’s industry ministry that the government’s review period for the transaction, proposed in June, will be extended until Dec. 30. The company also warned that the deal could fall apart.

Read more

Opinion: Alberta should lead in responsible coal mining – by Robin Campbell (Edmonton Journal – November 18, 2024)

https://edmontonjournal.com/

In Alberta, we’ve always proudly told the world about the advantages and attractiveness of investing here. We speak about low taxes, abundant resources, and a highly skilled and motivated workforce. It’s a great story, but as families in communities across the province look for ways to pay their bills, the story needs to be backed by strong public policy.

A shadow looms over what should be a critical element of our mining sector, steelmaking coal. In Alberta, steelmaking coal has immense potential for development. This development can be done responsibly – our laws demand it.

Read more

Why Canada could become the next nuclear energy ‘superpower’ – by Nadine Yousif (BBC.com – November 13, 2024)

https://www.bbc.com/

Uranium is making a comeback thanks to a renewed focus on nuclear energy as a climate crisis solution. Canada, rich with high-grade deposits, could become a nuclear “superpower”. But can its potential be realised?

Leigh Curyer had been working in uranium mining for nearly two decades when he noticed a striking shift. In 2011, the Fukushima nuclear plant disaster in Japan badly damaged the world’s view of nuclear power, and the price for the heavy metal – a critical component for nuclear fuel – cratered.

Read more

Ross Beaty to receive TNM’s lifetime achievement award – by Colin McClelland (Northern Miner – November 8, 2024)

https://www.northernminer.com/

Ross Beaty flipped the laptop around and pointed its camera to the sea. “That’s a whale-watching boat,” the veteran mining entrepreneur said from Bowen Island near Vancouver. “There’s been a whole whack of humpback whales here yesterday and today.” Beaty sounded excited, and why not? He’s got a history of drawing out big things from the deep.

Since 2017 as chairman, he’s built Equinox Gold into a nearly 1-million-oz. annual producer with a $3.5-billion market value. Its latest mine, Greenstone in Ontario, poured first gold in May and is ramping up to 400,000-oz. a year capacity.

Read more

Trump victory good news for Canadian economy – by Diane Francis (Financial Post – November 13, 2024)

https://financialpost.com/

Trump is placing energy as a priority. This will automatically increase the size and importance of Western Canada’s oilpatch

Donald Trump’s landslide victory has shaken Canadians and rattled the loonie, but on balance will be beneficial for the country, notably its natural resource sectors.

Trump has promised to impose tariffs on trading partners, but Canada’s biggest exports will spared for two reasons. First, the countries’ resource sectors are integrated as a result of cross-ownership and mutual supply chains that have been built over decades. So are their automotive industries. These binational oil and auto partnerships are the cornerstone of both economies.

Read more

Barrick Falls Behind Rivals as No. 2 Miner Misses Boost From Bullion Boom – by Jacob Lorinc (Bloomberg News – November 09, 2024)

https://www.bnnbloomberg.ca/

(Bloomberg) — Most of the world’s top gold miners have seen their shares surge this year as bullion prices hit repeated record highs. Not Barrick Gold Corp.

Missed production targets, higher operational costs and political turbulence at mines in Africa and Asia have investors turning increasingly sour on the world’s second-biggest gold producer. On Thursday, Barrick posted gold output that missed analysts’ estimates for the 11th straight quarter.

Read more

Acid rock intelligence: An enormous amount of progress has been made over the last decades to predict and address water-related risks at mine sites – by Ryan Bergen (CIM Magazine – November 7, 2024)

https://magazine.cim.org/en/

For a few days in mid-September, Halifax, Nova Scotia, became the world’s centre for geochemical expertise when the International Conference on Acid Rock Drainage (ICARD) convened there. Given the interruption caused by the global pandemic, and that the conference happens only every three years, this was the first in-person event since 2018’s meeting in Pretoria, South Africa, so there was a lot of ground to cover.

And the ground has shifted. Charles Dumaresq, vice-president of science and environmental management at the Mining Association of Canada, noted in the opening day panel that a series of high-profile tailings dam failures has trained the attention of regulators, operators and the broader public on the geo­technical risks associated with mines and legacy sites, which has the potential to divert resources away from addressing geochemical concerns.

Read more

Opinion: Canada and the Three Seas Initiative: Energy security through nuclear co-operation – by George Christidis and Heather Exner-Pirot (Globe and Mail – November 8, 2024)

https://www.theglobeandmail.com/

George Christidis is the interim chief executive of the Canadian Nuclear Association. Heather Exner-Pirot is the director of Energy, Natural Resources, and Environment at the Macdonald-Laurier Institute.

Advocates of nuclear energy tout its environmental and economic benefits, but there are also compelling geopolitical reasons to pursue nuclear.

Energy security concerns have thrust nuclear forward as a critical solution for many countries traditionally dependent on, or integrated with, Russian nuclear energy and gas supplies. Their desire to disentangle their energy systems from Russia presents Canada the opportunity to use its nuclear expertise and supply chain to contribute to European energy security.

Read more

Opinion: Trump says the U.S. has been ‘screwed’ by Canada. Brace yourselves for a full-on trade war- by David Olive (Toronto Star – November 8, 2024)

https://www.thestar.com/

Now that Donald Trump has been re-elected as president of the U.S., Canada is bracing for a trade war with its biggest export customer. Damage will be done to Canada’s $900-billion (U.S.) trade relationship with the United States.

There will be harm on both sides of the border if Trump proceeds with his avowed imposition of a 10-per-cent to 20-per-cent tariff on U.S. imports.

Read more

Federal watchdog snaps at climate, Indigenous gaps in Ottawa’s critical minerals strategy – by Colin McClelland (Northern Miner – November 7, 2024)

https://www.northernminer.com/

Canada’s auditor general criticized the federal critical minerals strategy for not adequately probing the impact increased mining will have on the environment and Indigenous communities.

The government program issued in 2022 budgets $3.8 billion on critical minerals support over eight years. Yet, the strategy doesn’t properly measure results and progress on ecosystems and First Nations, the Office of the Auditor General, the government’s own watchdog, said in a report on Thursday. The matters included greenhouse gas emissions, the protection of culturally significant sites and improvements to local living conditions, it said.

Read more

Canadian mining firms fear ability to meet soaring demand as jobs crisis stalks land of the Big Nickel – by Julie Mollins (Reuters – November 7, 2024)

https://www.reuters.com/

‘People love to jump in their cars, use their cell phones and Xboxes and jump on light rail, but they don’t understand the minerals and metals that go into that, says Ryan Montpellier, a leading mining sector executive in Canada.

“Even those young people that do have an awareness continue to hold very dated perceptions of our industry. They still view this as a dark, dirty and dangerous industry, and that couldn’t be further from the truth,” he says.

Read more

Junior gold miners are appealing takeover targets as bullion prices climb – by Dominique Gené and Andrew Willis (Globe and Mail – November 5, 2024)

https://www.theglobeandmail.com/

For the mining crowd, the annual Denver Gold Forum is a chance to swap speculation on potential deals. At this year’s gathering in September, all the takeover talk revolved around junior companies with promising properties being snapped up by larger rivals.

The country’s smallest gold miners – those developing projects that are years away from producing bullion – are becoming attractive takeover targets. Soaring gold prices have boosted the valuations of senior and intermediate mining companies and left them flush with cash, while stock prices continue to languish at exploration companies.

Read more

Jack and Adam Lundin are TNM’s Persons of the Year for 2024 – by Alisha Hiyate (Northern Miner – November 4, 2024)

https://www.northernminer.com/

Sometimes a discovery is so big, it takes generations to discover, define and develop – in order to become a mining district that produces metals for future generations. Over the past two decades, the Lundin Group technical team has found a cluster of giant copper-gold deposits in the Andes – the region that produces 40% of the world’s copper.

Their Vicuña district deposits include Filo Corp.’s (TSX: FIL) Filo del Sol and Lundin Mining‘s (TSX: LUN) Josemaria in San Juan province, Argentina; and NGEx Minerals’ (TSX: NGEX) 69%-owned Los Helados in Chile’s Region III, plus its Lunahuasi discovery in San Juan.

Read more

Ivanhoe cuts copper forecast on DRC power woes, while Friedland touts new discoveries – by Henry Lazenby (Northern Miner – October 30, 2024)

https://www.northernminer.com/

Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) on Wednesday reported record third-quarter copper production but cut its full-year guidance by 6%, blaming power outages at its Kamoa-Kakula complex in the Democratic Republic of Congo.

The Toronto-based company lowered the copper guidance to 425,000–450,000 tonnes, from 440,000–490,000 tonnes. The disruptions stemmed from deficient transmission capacity and instability in the DRC’s southern grid, managed by state-owned Société Nationale d’Électricité. Delays in upgrading the Inga II dam’s transmission line and grid bottlenecks at the Kolwezi substation limited reliable power delivery.

Read more