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Mali shuts Barrick office and issues threats to key mine in tax dispute – by Geoffrey York (Globe and Mail – April 15, 2025)

https://www.theglobeandmail.com/

Mali’s military junta has closed Barrick Gold Corp.’s national office and threatened to seize control of one of its biggest gold mines in a further escalation of a protracted tax dispute, the Toronto-based company says.

Barrick says it negotiated an agreement with the Malian regime in February to resolve the dispute, but the deal has been blocked by a small group of individuals for “personal or political reasons.” The company’s long-term future in the West African country is now at risk, it said.

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Throne speech ignites outcry over Ford’s environmental rollbacks – by Abdul Matin Sarfraz (National Observer/Penticton Herald – April 2025)

https://www.pentictonherald.ca/

Despite years of public outcry and widespread criticism from experts and advocates over weakened conservation laws, the Ford government doubled down on its first day back in power — vowing to slash environmental oversight to fast-track mineral and infrastructure projects.

Critics warn the plan will gut crucial environmental reviews, provoke legal battles, spark First Nations resistance and further weaken protections already under strain.

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Rare earth stocks rally on signs Trump supports sector – by Matthew Griffin (Bloomberg News – April 17, 2025)

https://www.bnnbloomberg.ca/

U.S. stocks linked to rare earth metals and other critical minerals gained this week, getting a boost from signs that the Trump administration will favor a sector that’s become a flashpoint in the trade standoff between the U.S. and China.

Rare-earth magnet player USA Rare Earth Inc. has jumped 68 per cent this week as of 1:49 p.m. on Thursday. TMC The Metals Company Inc., a Vancouver-based company that’s seeking permission from the U.S. to gather critical metals at the bottom of the ocean, is up 55 per cent in the short trading week.

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Ontario Throne Speech pledges to drop provincial trade barriers, speed up mines in face of U.S. trade war – by Jeff Gray and Laura Stone (Globe and Mail – April 15, 2025)

https://www.theglobeandmail.com/

The Ontario government is pledging to shore up the province in the face of the threat of U.S. tariffs by taking down barriers to interprovincial trade, speeding up approvals for new mines in the Northern Ring of Fire region – and doubling down on a promise to build a lengthy and costly tunnel under the Toronto-area stretch of Highway 401.

In its Throne Speech, the Progressive Conservative government of Premier Doug Ford laid out its priorities after winning its third straight majority in the Feb. 27 election, saying its first two new pieces of legislation would lower Ontario’s interprovincial trade barriers and allow the designation of the Ring of Fire as a region of “strategic importance to the province’s economy and security interests.”

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One of the strangest chapters in copper mining is drawing to a close – by Frik Els (Mining.com – April 10, 2025)

https://www.mining.com/

With so much happening in copper – from all-time highs mixed with price collapses – it’s easy to lose sight of the giant hole that exists in the industry where dynamite meets bedrock. Cobre Panama has now been sitting idle for 18 months, ordered to shut down by a supreme court ruling following months of protests that rocked the Central American nation.

The massive First Quantum Minerals mine, which entered production in 2019 is an increasingly rare phenomenon in copper mining. The mine’s global porphyry peers in terms of output have histories often dating back to the 19th century.

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Carney and Poilievre have promised they’ll get major resource projects done faster, but is that actually possible? – by Justine Hunter (Globe and Mail – April 13, 2025)

https://www.theglobeandmail.com/

The federal Conservatives and Liberals are in a bidding war to cut red tape for major resource projects that will help Canada weather the economic storms brought by the U.S. tariff war.

Liberal Leader Mark Carney and Conservative Leader Pierre Poilievre have both promised to fast-track approval processes: Mr. Carney says regulatory reviews for projects should take no more than two years, while Mr. Poilievre says he would set a maximum of one year.

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Osisko Metals’ Gaspé copper assays beat outlook – by Frederic Tomesco (Northern Miner – April 14, 2025)

Global mining news

Osisko Metals said initial drilling results at its Gaspé copper project in eastern Quebec topped expectations. Shares jumped. All five holes drilled in the past three months intersected significant disseminated mineralization within the volume of the company’s 2024 resource, CEO Robert Wares said in a statement Monday. New mineralization was also added at depth well below the base of the 2024 estimate.

Osisko is working to expand the Gaspé copper system’s resource with a view to potentially reopening the former Noranda mine in Murdochville, about 825 km northeast of Montreal. It’s targeting permits and construction by the early 2030s, with initial capital spending estimated at about $1.8 billion.

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Goldman puts $4,000 gold on the agenda as hunt for havens grows – by Sybilla Gross (Bloomberg News – April 14, 2025)

https://www.bnnbloomberg.ca/

Goldman Sachs Group Inc. and UBS Group AG issued another round of bullish calls for gold, with stronger-than-expected central bank demand and the metal’s role as a hedge against recession and geopolitical risks underpinning expectations for even higher prices in 2025.

Goldman analysts including Lina Thomas now see gold rallying to $3,700 an ounce by the end of this year — with prices set to hit $4,000 an ounce by mid-2026 — while UBS strategist Joni Teves pointed to $3,500 an ounce by December 2025, according to two separate notes on Friday.

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TC Energy CEO touts Asia as key to Canada’s economic diversification away from U.S. – by Brent Jang (Globe and Mail – April 10, 2025)

https://www.theglobeandmail.com/

The U.S. trade war has posed huge challenges, but Canada should take advantage of the time to diversify its economy toward exports to Asia, including shipments of liquefied natural gas, says TC Energy Corp.’s chief executive officer.

After the April 28 federal election, it will be important for the prime minister, premiers, business executives and Indigenous leaders to be aligned and strengthen ties with Asia, François Poirier said in a speech to Canadian Club Toronto that was webcast on Thursday.

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Rio Tinto hopes Trump will clear path for Resolution copper project – by Cecilia Jamasmie (Mining.com – April 9, 2025)

https://www.mining.com/

Rio Tinto is optimistic that US President Donald Trump will expedite the final permits approval for its long-delayed Resolution copper project in Arizona. Speaking at the CRU World Copper Conference in Santiago, Rio Tinto’s copper chief executive Katie Jackson said growing US interest in strengthening the copper supply chain could help advance the stalled mine.

“We hope that will be part of getting projects like Resolution to move because it has historically been a long process,” she told attendees. The mining giant has spent more than a decade navigating a complex permitting process.

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Strong safe-haven demand sees gold surge as stocks struggle – by Jim Wyckoff (Kitco News – April 10, 2025)

https://www.kitco.com/

(Kitco News) – Gold prices are posting very strong gains and silver is modestly up in midday U.S. trading Thursday. More robust safe-haven demand amid a wobbly U.S. stock market again amid worries about a U.S.-China trade war, as well as a cooler U.S. inflation report are propelling the precious metals traders late this week.

Also, there are still some lingering worries about the stability of the U.S. Treasury market. June gold was last up $100.60 at $3,180.50. May silver prices were last up $0.37 at $30.775. Mostly overshadowed by the tariff news Wednesday, today’s key U.S. consumer price index report for March came in at up 2.4%, year-on-year, and was expected to come in up 2.6% and compares to up 2.8% in the February report.

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Power Metallic CEO sees ‘monster-size’ deposit at Nisk – by Frederic Tomesco (Northern Miner – April 10, 2025)

https://northernminer.com/

Power Metallic Mines’ Nisk polymetallic property is probably at least as large as Anglo American’s 44-million-tonne Sakatti copper-nickel-platinum project in Finland, CEO Terry Lynch said.

Nisk – which is located in Quebec’s James Bay region and includes deposits of copper, nickel, platinum-group metals, silver and gold – could even one day rival Vale’s (NYSE: VALE) Voisey’s Bay mine for size, Lynch said Wednesday. Voisey’s Bay, which has been estimated to contain about 140 million tonnes, is Canada’s biggest nickel mine and one of the world’s largest.

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Prime Minister Mark Carney vows to speed permits, make Canada energy superpower – by Laura Dhillon Kane and Thomas Seal (Bloomberg News – April 9, 2025)

https://www.bloomberg.com/

Prime Minister Mark Carney pledged to make Canada the world’s “leading energy superpower” through a plan that includes establishing a single office that would decide on major projects within two years.

The Liberal Party leader said at a campaign stop in Calgary that his government would create a Major Federal Project Office with a “one project, one review” mandate. The aim would be to eliminate duplication of federal and provincial environmental assessments, speeding up reviews.

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Mine electrification in Canada: An industry in transition – by Amanda Fitch (Canadian Mining Journal – April 9, 2025)

https://www.canadianminingjournal.com/

Canada’s mining sector is making strides in electrification, driven by technological advancements, policy support, and infrastructure investments. The increase in demand for critical minerals in Canada is evident and is the result of mining companies integrating electrified solutions.

These solutions include battery electric vehicles (BEVs) and electrified infrastructure to enhance sustainability and efficiency while balancing innovation with operational realities. Canadian mines have been pioneers in integrating BEVs into their operations with over a decade of use in the industry.

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Why Canada’s long-term fate could hang on unlocking the Arctic — now – by Joe O’Connor (Financial Post – April 9, 2025)

https://financialpost.com/

Donald Trump has forced a new urgency on the campaign trail and up and down the country to unleash the North’s potential or risk Arctic sovereignty and a northern treasure trove of resources

Brendan Bell knows what it is like to be ignored. It wasn’t so many months ago that the chief executive of West Kitikmeot Resources Corp., an Inuit-owned company proposing to build a road and deepwater ocean port in the Arctic, was spending a chunk of each day waiting for non-Arctic people to return his phone calls to discuss the project.

“This road is not a new idea,” he said. “Roads have a long history in the North.” Do they ever. Yet that history can be summarized as roads — and major infrastructure projects of all types — may get proposed for the Arctic, but they generally don’t get built. No surprise then that Bell had been contending with an utterly non-urgent vibe from other people in relation to the Grays Bay Road and Port Project. That is until recently, when a lot of those same people started calling him back.

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