Archive | Canadian Media Resource Articles

Innovation acceleration: COVID-19 and today’s new business realities spark activity at mining innovation hubs – by Alexandra Lopez-Pacheco (CIM Magazine – September 14, 2020)

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

As Canada went into lockdown to fight the spread of COVID-19, mining accelerators and research hubs – the organizations created to support and foster innovation in the industry – expected their activities to come to a grinding halt.

At first, these predictions appeared to come true, but after a few weeks, the exact opposite began to happen. Interest in their services and projects boomed as mining and technology companies began reaching out looking for new partners and opportunities.

Sudbury’s NORCAT, for example, which runs the world’s only operational underground mine devoted to training and technology innovation as part of its mission to become a global one-stop shop that connects start-ups and creators of new technologies with mining companies, saw a 500 per cent increase in the number of enterprises wanting to showcase their products and technologies. Continue Reading →

Concerns raised over open-pit mining in Crowsnest Pass – by Tyler Barrow (CTV News – September 15, 2020)

https://calgary.ctvnews.ca/

CROWSNEST PASS, ALTA. — After the UCP government announced in May it was rescinding the 1976 Coal Mining Policy that prohibits open-pit operations in the Rocky Mountains and foothills, several proposals have been put forward, which officials say could lead to the creation of hundreds of jobs in the Crowsnest Pass area.

“As long as we follow the environmental policies, I absolutely, fully support industry because it’s creating jobs, it’s giving out kids a future,” said Garett Schmidt who uses the area to quad. “We can’t have people jobless and homeless, we’re resource-rich.”

An Australian company has bid to build the Grassy Mountain Coal project — a 2,800-hectare coal mine north of Blairmore, Alta. Continue Reading →

EU deal could forge shiny future for Canada’s low-carbon metals – by Chris Turner (Corporate Knights – September 16, 2020)

https://www.corporateknights.com/

he Canada Nickel Company is a fledgling Ontario mining firm with a handful of leases in mineral-rich northern Ontario and ambitious plans to dig for nickel, cobalt and iron.

So it represents a particularly audacious move that the company recently announced the creation of a wholly owned subsidiary called NetZero Metals, charged with the task of mining those metals without a carbon footprint.

Green boasts can be a little suspect, especially since the net-zero goal is one that established players in industries like steel and oil have placed at the far end of a 30-year ramp. Continue Reading →

Atlantic Nickel extends Santa Rita mine life to 34 years – by Carl A. Williams (Northern Miner – September 15, 2020)

Global mining news

Appian Capital Advisory’s Atlantic Nickel has released the results from a preliminary economic assessment (PEA) of its wholly owned Santa Rita nickel-copper-cobalt mine in northeastern Brazil.

Santa Rita, one of the largest open-pit nickel sulphide mines in the world, was acquired by the private equity firm from Mirabela Nickel in a bankruptcy process in 2018.

Since open-pit operations restarted in August 2019, the mine has produced 48,000 tonnes of nickel concentrate. (Mirabela put the mine on care and maintenance due to low nickel prices in 2015.) Continue Reading →

U.S. removes tariffs on Canadian aluminum but imposes quotas on future shipments – by Steven Chase (Globe and Mail – September 16, 2020)

https://www.theglobeandmail.com/

The U.S. government has removed tariffs on Canadian aluminum first announced in August but also warned it will reimpose them if shipments to the United States exceed quotas in the months ahead.

The reversal was announced just two hours before Canada was set to unveil $3.6-billion in retaliatory measures on U.S. imports on Tuesday.

Canada and the United States have been locked in a battle over the tariffs for months with the U.S. pushing for an agreement on tariffs triggered when shipments exceed certain volumes. The result of this dispute is the U.S. has unilaterally imposed its own tariff-rate quota on Canadian aluminum. Continue Reading →

Canadian gold miner shrugs off coup to boost output in Mali – by Felix Njini (Bloomberg News – September 2020)

https://www.bnnbloomberg.ca/

Canada’s B2Gold Corp. is expanding its gold-mining operations in Mali, undeterred by a military coup and a growing Islamist insurgency in the West African nation.

Mali’s military ousted President Ibrahim Boubacar Keita last month in the country’s second coup in less than 10 years. So far, the country’s gold mines — a key source of revenue — haven’t been affected by the political turmoil.

Vancouver-based B2Gold is not only boosting output at its flagship Fekola mine, but is examining other opportunities both in Mali and across the region. Continue Reading →

Why I support Shandong Mining’s big new investment in Nunavut – by Leona Aglukkaq (Financial Post – September 15, 2020)

https://financialpost.com/

The federal government must soon decide whether to approve Shandong Gold’s acquisition of TMAC Resources. The test is whether the purchase is of net benefit to Canada, including economic benefits with no unacceptable risk to national security.

One might think approving a Chinese acquisition of TMAC, which owns the Hope Bay gold mine in Nunavut, might be risky. But as a Nunavut Inuk, as a TMAC director and shareholder, and as a long-time representative of my community in government, I can tell you the benefits are too great to pass up.

The Nunavut government and Jeannie Ehaloak, MLA for Cambridge Bay, the Nunavut constituency that encompasses the mine, agree. Nunavut needs the investment that Shandong will bring. This investment will help move my region toward economic sustainability. Continue Reading →

Two new smaller stacks are ready, decommissioning of Sudbury’s Superstack about to begin – by Molly Frommer (CTV News Northern Ontario – September 10, 2020)

https://northernontario.ctvnews.ca/

SUDBURY — Two new, 450-foot stacks are now fully installed and ready to replace the famous Superstack that has been in Sudbury for decades.

The $450 million project began in 2014, and managers with Vale say it was a companion effort to the Clean Atmospheric Emissions Reduction Project (AER).

“That Clean AER project was run in parallel to the service facilities upgrade,” said Darryl Cooke, Vale surface project and studies senior manager. “That was a billion-dollar project for atmospheric emissions reduction.” Continue Reading →

Rare 102-carat Canadian diamond could be among the world’s most expensive – by Pete Evans (CBC News Business – September 15, 2020)

https://www.cbc.ca/

Diamond was unearthed at Victor Mine in Northern Ontario in 2018

A rare 102-carat diamond found in Northern Ontario two years ago could be among the most expensive of its kind in an auction that starts online and is set to culminate in person in Hong Kong in early October.

Mined at DeBeers’ now-closed Victor Mine in 2018, the diamond, about the size of a small egg, was cut from a larger 271-carat rough diamond, and then cut and polished for more than a year.

Those in the industry say the stone has a lot of features going for it. The diamond is known as a Type II diamond, which are among the most chemically pure among naturally occurring diamonds. Continue Reading →

Canada to unveil retaliatory measures against United States this week in aluminum dispute – by Steven Chase (Globe and Mail – September 15, 2020)

https://www.theglobeandmail.com/

Canada this week will unveil the retaliatory measures it’s taking against the United States after President Donald Trump slapped tariffs on Canadian aluminum in August.

An announcement could come as soon as Tuesday, or as late as Wednesday, a government source said. The Globe granted anonymity because the source is not authorized to speak publicly about the matter.

Deputy Prime Minister Chrystia Freeland last month said the measures would amount to $3.6-billion and would go into effect on Sept. 16. They will be tariffs on U.S. imports, many of which contain aluminum. Continue Reading →

Opinion: Indigenous people fear Liberal green plan will sabotage their progress – by Stephen Buffalo and Ken Coates (Calgary Herald – September 14, 2020)

https://calgaryherald.com/

Stephen Buffalo is president of the Indian Resource Council; Ken Coates is a senior fellow at the Macdonald-Laurier Institute.

Canada’s new minister of finance, Chrystia Freeland, has mused about the need to reinforce the green economy. The suggestion has some Canadians energized and excited; others are nervous and concerned. Count Indigenous Peoples in both categories.

Indigenous people understand and support taking steps to reduce the country’s carbon footprint. At the same time, many Indigenous communities have worked exceedingly hard to carve out an appropriate place in one of Canada’s most important economic sectors.

Since its election in 2015, the Trudeau government cancelled the Northern Gateway Pipeline, banned oil and gas exploration in the Arctic and oil tankers off the British Columbia coast, brought in complex environmental assessment processes, and appeared to actively discourage investment in the industry. Continue Reading →

‘Dollar for dollar, we will not back down’: Retaliation on U.S. tariffs expected this week – by Gabriel Friedman (Financial Post – September 15, 2020)

https://financialpost.com/

Deputy Prime Minister Chrystia Freeland is preparing to enact a sweeping set of retaliatory tariffs later this week on U.S. aluminum products, according to several sources familiar with the situation.

U.S. President Donald Trump announced last month that he was re-imposing 10 per cent tariffs on Canadian primary aluminum, effective Aug. 16, saying surging volumes were a threat to national security after having lifted his original tariff in 2019.

Freeland promised to retaliate after a 30-day consultation period, and now, sources inside and outside the government, say Canada plans to impose 10 per cent tariffs on about $3.5 billion worth of U.S. aluminum and aluminum-containing products, effective Wednesday. Continue Reading →

Fossil fuel demand has likely hit its peak, BP says – by Emma Graney (Globe and Mail – September 15, 2020)

https://www.theglobeandmail.com/

Energy giant BP is predicting fossil fuel consumption will shrink for the first time in modern history, with peak oil demand now likely in the world’s rear-view mirror.

The forecast in the company’s 2020 Energy Outlook, released Monday, says that global economic activity will partly recover from the COVID-19 pandemic over the next few years, but “scarring effects,” including work-from-home edicts, will lead to slower growth in energy consumption.

While the overall demand for energy will grow, the supply will change: The role of fossil fuels will decrease while renewable energy will increase, the report says. Continue Reading →

Timmins-James Bay MP Charlie Angus announces new book about Cobalt: the town and the metal – by Lydia Chubak (CTV Northern Ontario – September 13, 2020)

https://northernontario.ctvnews.ca/

TIMMINS — He’s a member of parliament, a musician and an author. Timmins-James Bay MP (NDP) Charlie Angus has written a new book–his eighth–and this time, it’s focussed on the town of Cobalt which he calls ‘the cradle of Canada’s mining industry.’

It’s not out yet, but he said he’s already signed a deal with a national publisher.

“We’re going to see this town play I think and an important role. (Cobalt) is a mineral that should not be the blood mineral and a mineral of such toxic environmental damage but a mineral that could actually lead us to a better and cleaner digital future,” said Angus. Continue Reading →

OPINION: Is Tesla’s gravity-defying valuation landing back on Earth? – by Eric Reguly (Globe and Mail – September 12, 2020)

https://www.theglobeandmail.com/

At some point, Elon Musk will hop into one of his SpaceX rockets and set up shop on Mars. His goal is to colonize the red planet as well as fill every road and highway on Earth with his electric Tesla cars, for he is a man with galaxy-sized ambitions.

No doubt he will leave an enormous statue of himself behind so that any investor in the distant future who misses his glorious presence can kneel before it, kissing the bronze feet of the dope-smoking executive who turned a low-volume maker of money-losing cars into a company worth more than all its competitors combined.

Well, he did for a few moments. The question is whether those moments will return, given Tesla’s outlandish, gravity-defying valuation. This week, Tesla shares finally cracked after one of the most stupendous rallies ever seen in the tech sector. Continue Reading →