Archive | Canadian Media Resource Articles

Ontario ‘disappointed’ in U.S. decision to impose tariffs on aluminum products – by Katherine DeClerq (CTV News Toronto – August 6, 2020)

https://toronto.ctvnews.ca/

TORONTO — The Progressive Conservative government says they are disappointed that the United States has imposed tariffs on imports of aluminum products and claims that it will “have a damaging impact on Ontario businesses, workers and consumers.”

U.S. President Donald Trump announced on Thursday that his government plans on imposing a 10-per-cent tariff on Canadian aluminum imports as of Aug. 16.

He claimed that Canada has been taking advantage of the United States and that American aluminum business has been “decimated.” Continue Reading →

Global Tailings Review launches new tailings management standard – by Matthew Parizot (CIM Magazine – August 6, 2020)

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

On August 6, the Global Tailings Review (GTR) launched its long-awaited Global Industry Standard on Tailings Management, created due to the tragic tailings dam failure at Vale’s Brazilian Córrego do Feijão iron mine in January 2019.

The GTR was originally co-convened in March of the same year and consists of three organizations – the United Nations Environment Programme, Principles for Responsible Investment (PRI) and the International Council on Mining and Metals (ICMM) – which combined will pressure governments, investors and mining companies to adopt the standard for themselves.

The standard also incorporated feedback from 340 extractive companies operating around the world through disclosures of their tailing facilities and methods. Continue Reading →

Feds call for impact assessment on Vista Coal expansion project – by Masha Scheele (Yahoo News/Canadian Press – August 6, 2020)

https://ca.news.yahoo.com/

The Vista Coal Mine Phase II Expansion Project near Hinton is facing a review by the new Impact Assessment Agency of Canada.

Jonathan Wilkinson, federal minister of environment and climate change, previously decided against an impact assessment for the project in December but has now reconsidered that decision.

This decision came after groups argued in a public letter that if Canadians are lobbying to phase out burning coal, then Canadians shouldn’t feed thermal coal for consumption overseas. Continue Reading →

Opinion: Canada needs to go nuclear to reach our emissions targets – by Kim Rudd and Sean Willy (Financial Post – August 7, 2020)

https://financialpost.com/

Kim Rudd, an entrepreneur, was parliamentary secretary to the minister of natural resources from 2015-2018. Sean Willy is CEO of Des Nedhe Development in Saskatchewan.

To fight climate change, Canada needs clean energy from a source that delivers carbon-free, reliable power 24/7. If we are to reach our greenhouse gas (GHG) emissions reduction targets, nuclear power simply must be in the energy mix.

Nuclear power already displaces over 80 million tons of greenhouse gas emissions annually in Canada. That’s equivalent to taking 15 million cars off the road each and every year.

Though Canada has a world-class nuclear industry, we’ve only scratched the surface of its potential. Continue Reading →

Communities resist Baffinland and Ottawa’s push for public hearings – by Thomas Rohner (CBC News North – August 6, 2020)

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

Baffinland Iron Mines Corporation says if a Nunavut regulator further delays its Mary River Mine expansion it would cause “extreme prejudice” against the company and be a “breach of procedural fairness,” according to documents filed on the Nunavut Impact Review Board’s public registry.

The board recently released a suggested schedule of meetings over the next three months to address the company’s Phase 2, which includes using rail lines to transport ore within Baffin Island.

The mine is about 100 kilometres from Milne Inlet on north Baffin Island. Those meetings, which have been suspended since March due to COVID-19, must occur before a public hearing can happen. Continue Reading →

Canada to retaliate with $3.6-billion in measures against U.S. aluminum tariffs – by Steven Chase and Adrian Morrow (Globe and Mail – August 7, 2020)

https://www.theglobeandmail.com/

The Canadian government will impose retaliatory measures valued at $3.6-billion on the United States in response to new American tariffs on Canadian aluminum announced by President Donald Trump this week.

Deputy Prime Minister Chrystia Freeland said the retaliatory tariffs will take effect in 30 days, after Ottawa consults Canadians on precisely which American products to target.

Canada is releasing a list of possible targets, many of which include aluminum, such as American-made washing machines. Continue Reading →

Heading back to camp: Mineral exploration camps are resuming in British Columbia amidst new health and safety protocols in the COVID-19 pandemic -by Tijana Mitrovic (CIM Magazine – July 23, 2020)

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

Mineral exploration companies in British Columbia are heading into the field this summer after months of sheltering in place. But in the midst of a global pandemic, what will exploration camps look like?

Governments, industry organizations and companies continue to release and develop new COVID-19 health and safety protocols to protect communities and control the spread of the virus.

In May, the provincial government announced that all workplaces would be required to have a COVID-19 safety plan before resuming or beginning work. Continue Reading →

U.S. to reimpose tariff on some Canadian aluminum products, Trump says – by Beatrice Britneff (Global News – August 6, 2020)

https://globalnews.ca/

The United States is reimposing a tariff on some Canadian aluminum products, Donald Trump announced on Thursday.

A statement from the White House later confirmed the Trump administration reinstated a 10-per cent tariff “on imports of non-alloyed unwrought aluminum from Canada.”

A senior official told Global News the Canadian government is working behind the scenes to try to prevent the new tariff before it takes effect. Continue Reading →

Noront to resume exploration in the Ring of Fire – by Darren MacDonald (CTV News Northern Ontario – August 6, 2020)

https://northernontario.ctvnews.ca/

SUDBURY — Noront Resources Ltd. Announced Thursday it is reopening its Esker Site and mobilizing its team to resume exploration activities in the Ring of Fire.

The company’s Esker Site, which is located in the James Bay Lowlands, closed in April because of the COVID-19 pandemic. It normally has about 20 workers, the majority of whom are from the remote local First Nation communities of Marten Falls and Webequie.

“We are initiating a late summer field program that will require 12-15 people, during which we’ll employ soil sampling to explore for gold and airborne geophysical surveys to explore for nickel,” Noront president and CEO Alan Coutts said in a news release. Continue Reading →

Gold price nearing $2,100 as bulls keep foot on the gas – by Jim Wyckoff (Kitco News – August 6, 2020)

https://www.kitco.com/

(Kitco News) – Gold prices are again sharply higher and hit a record high of $2,064.90, basis October Comex futures, in early U.S. trading Thursday. Silver prices are also sharply higher and hit a more-than-seven-year high of $28.54, basis September Comex futures.

October gold futures were last up $25.00 an ounce at $2,062.10. September Comex silver prices were last up $1.45 at $28.34 an ounce.

Importantly, while there are no early chart clues to suggest the gold and silver markets are close to major tops, both are now getting short-term overbought, technically, and are due for downside corrections in the uptrends. Continue Reading →

Glencore posts $2.6 billion loss, scraps dividend – by Cecilia Jamasmie  (Mining.com – August 6, 2020)

https://www.mining.com/

Miner and commodities trader giant Glencore (LON: GLEN) posted a $2.6 billion loss for the first half of the year and scrapped its dividend, as the coronavirus pandemic dented global demand and lowered prices and production at its mining division.

Despite the virus impact, the Swiss firm managed to remain profitable on an operating basis. Glencore posted $1.5 billion in adjusted earnings before interest and taxes, but booked $3.2 million in impairment charges.

The company said it was putting balance sheet strength ahead of shareholder returns, as net debt climbed 12% to $19.7 billion at the end of June. Continue Reading →

How microbes could help clean up Nova Scotia’s abandoned mines – by Emma Smith (CBC News Nova Scotia – August 6, 2020)

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

‘We want to develop a treatment that you would apply … that would block the arsenic and the mercury’

Researchers from three Maritime universities are hoping microbes collected from the bottom of a lake near an abandoned gold mine in Dartmouth, N.S., will provide a model for how to clean up contaminated sites across the province in a quicker and less-intrusive way.

Last May, a research team took a boat to the middle of Lake Charles, not far from the former Montague gold mine, where extensive mining took place from 1860 to about 1940.

They lowered a plastic tube 30 metres into the water and scooped up 200-year-old sediment, which provides a snapshot of the lake before, during and after the mine was in operation. Continue Reading →

Gold price pushes well above $2,000, much more upside possible – by Jim Wyckoff (Kitco News – August 5, 2020)

https://www.kitco.com/

(Kitco News) Gold prices are sharply higher and hit a record high of $2,048.00, basis October Comex futures, in early U.S. trading Wednesday.

Silver prices are also sharply higher and hit a seven-year high of $27.195, basis September Comex futures. October gold futures were last up $35.00 an ounce at $2,043.50. September Comex silver prices were last up $0.987 at $27.03 an ounce.

Gold and silver are continuing on a bullish rampage. Both metals continue to see support from safe-haven demand amid the worrisome rise in Covid-19 infections, geopolitical developments and concerns about problematic price inflation in the coming months. Continue Reading →

U.S.-based investor proposes $700-million rescue plan for TMAC, urges Ottawa to reject sale to China – by Niall McGee (Globe and Mail – August 5, 2020)

https://www.theglobeandmail.com/

A U.S.-based activist investor is urging the Canadian government to reject the proposed acquisition of Arctic miner TMAC Resources Inc. by a Chinese state-owned gold company and is proposing an alternative capital infusion plan that would see TMAC remain as a standalone.

James Rasteh, head of New York City hedge fund Coast Capital Management, said in an interview he can raise $700-million from his investors that would negate the need for TMAC to be acquired by Shandong Gold Mining Co. Ltd.

“We can absolutely raise the capital,” Mr. Rasteh said. In May, Shandong proposed an all-cash acquisition of TMAC worth $207.4-million, a small premium to its then market share price. Continue Reading →

Lynas gets green light for waste treatment plant in Malaysia – by Cecilia Jamasmie (Mining.com – August 4, 2020)

https://www.mining.com/

Malaysia has approved Australian rare earths miner Lynas Corp’s (ASX: LYC) application to build a permanent disposal facility for waste treatment, a minister said on Tuesday.

The miner, the world’s only major producer of rare earths outside China, can now proceed with construction of the waste plant, on a site identified by the Pahang state government, Khairy Jamaluddin, science, technology and innovation minister said, The Edge Markets reported.

In August last year, the Sydney-based company was able to renew the operating license for its Malaysian processing plant for six months, subject to conditions that included identifying a site for a permanent facility to store its low-level radioactive waste. Continue Reading →