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Canadian Media Resource Articles

Pincher Creek council weighs potential plebiscite on Grassy Mountain coal mine – by Somya Lohia (Hamilton Spectator – April 2, 2025)

https://www.thespec.com/

The Town of Pincher Creek is looking into whether a plebiscite could be held during the October municipal election to gauge public sentiment on the proposed Grassy Mountain coal mining project. The idea was introduced by deputy mayor Wayne Oliver during the March 24 council meeting.

Oliver put forward a notice of motion requesting that administration investigate the feasibility of holding an informational plebiscite, similar to the one Crowsnest Pass held last year. However, he suggested holding it in conjunction with the upcoming municipal election.

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Nunavut hunters urge for reassessment as Baffinland eyes 2026 construction of Steensby rail – by Samuel Wat (CBC News North – April 01, 2025)

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

The project was approved more than a decade ago. Hunters say a lot has changed since then

Baffinland Iron Mines is now looking at 2026 as a start date for its proposed expansion to an iron ore mine in Nunavut, but local hunters are calling for the project to be reassessed before it can go ahead. The mining company wants to ship iron ore from its existing Mary River mine, by building a railway south to a proposed port at Steensby Inlet.

It’s a plan that was approved by the federal government in 2012. For years, it was put on the back burner with Baffinland favouring a railway to be built from the mine north to Milne Inlet — an option it said would be less costly. That was rejected by the federal government in 2022, causing Baffinland to switch back to the Steensby Inlet track.

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Trade war saps Canadian share sale market despite metals deals – by Geoffrey Morgan (Bloomberg News – April 1, 2025)

https://www.bnnbloomberg.ca/

Volatility from trade tensions with the US kept a lid on Canada’s market for equity deals in the first quarter, even as activity in precious metals perked up.

Canada-listed firms raised just $2 billion in the first quarter, compared to the $2.9 billion raised during the same period a year ago, data compiled by Bloomberg show. Investment bankers say market gyrations wrought by the US-Canada trade war have made dealmaking difficult.

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What you need to know about Trump’s tariffs on Canadian potash on ‘Liberation Day’ – by Michael Joel-Hansen (Saskatoon StarPhoenix – April 02, 2025)

https://thestarphoenix.com/

The White House has indicated that any new tariffs announced will stick, even if they affect American farmers

United States tariffs on Canadian potash may be going up on Wednesday as U.S. President Donald Trump moves to impose reciprocal tariffs on all its trading partners, including Canada, just as a previous exemption limiting the levy to 10 per cent expires.

Trump has hailed April 2 as “Liberation Day” for the U.S. and said the new round of tariffs will match surtax charges countries impose on American imports. The White House said on Monday that reciprocal tariffs would go into effect immediately.Meanwhile, April 2 is also the date an exemption reducing potash tariffs to 10 per cent from 25 per cent are set to expire.

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First Quantum backs off Panama arbitration claims, opening door to reopening copper mine – by Niall McGee (Globe and Mail – April 2, 2025)

https://www.theglobeandmail.com/

Canadian copper miner First Quantum Minerals Ltd. has agreed to drop or suspend its arbitration claims against Panama, opening the door to a resolution that could see its giant operations in the country eventually reopen.

Vancouver-based First Quantum in late 2023 filed international arbitration proceedings against Panama around the time then-president Laurentino Cortizo ordered the shutdown of its Cobre Panama mine. Mr. Cortizo took the drastic step after Panama’s Supreme Court ruled that its mining contract was unconstitutional, and during massive public protests against the mine.

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Hudbay becomes sole owner of Copper Mountain mine in British Columbia – by Staff (Mining.com – March 27, 2025)

https://www.mining.com/

Hudbay Minerals (TSX, NYSE: HBM) has consolidated ownership of the Copper Mountain mine in southern British Columbia, a move that aligns with the Canadian miner’s strategy to boost its copper production in North America.

On Thursday, Hudbay said it is acquiring Mitsubishi Materials’ 25% stake in the mine for $44.25 million in cash, of which $4.5 million is paid upfront and $21 million paid in seven equal annual installments. The remaining $18.75 million will consist of five equal payments contingent on certain operating milestones.

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Gold is in the final stages of its decade-long rally – by Avi Gilburt (Kitco News – March 31, 2025)

https://www.kitco.com/

It is now almost 14 years since I published my first public article on gold analysis. Back in August of 2011, I outlined my expectation for a top in gold at $1,915 even though it was involved in a parabolic rally at the time. Well, needless to say, that gold article was not viewed favorably by readers at the time.

In fact, I was summarily told in the comments section that I knew nothing about the gold or financial markets. Yet, one brave commenter asked me where I foresee gold heading if it does top at my expected target. And, when I answered that I expected it could drop back to the $1,000 region he responded by chiming in as the others and telling me I know nothing about the gold or financial markets.

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Ring of Fire road will be ‘real opportunity’ for northern Ontario, minister says – by Isaac Callan and Colin D’Mello (Global News – March 31, 2025)

https://globalnews.ca/

Sensing a potential change in tone from the next federal government as U.S. President Donald Trump slaps tariffs on Canada, the Ford government is ramping up its efforts to build a road to the Ring of Fire. Creating a way to mine the mineral-rich area in northern Ontario has been on Premier Doug Ford’s to-do list since he was elected for the first time in 2018, but little progress has been made.

Now, with a federal election in full swing, Ontario sees a potential opportunity to move its long-held ambitions forward. Prime Minister and Liberal Leader Mark Carney has said he wants to create a process for the federal government to support nation-building projects if he’s elected, with the Ring of Fire being one option.

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Port of Churchill sees renewed interest as Canada looks to diversify trade routes – by Lauren Krugel (Canadian Press – March 30, 2025)

https://www.thecanadianpressnews.ca/

Manitoba may be smack dab in the middle of the country, but its premier wishes to remind Canadians it’s a maritime province. “When you think of Manitoba, you think of the Prairies, you think of the bush, but did you know that you can get to saltwater as well?” Wab Kinew said in early February as the province and Ottawa announced a joint $80-million investment in the Port of Churchill.

Trade routes that eschew the United States have become a focus as U.S. President Donald Trump continues to threaten Canadian sovereignty and subject businesses to tariff whiplash.

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In the hot seat: Algoma Steel faces dual pressures of electric arc furnace rollout while fighting Trump tariff turmoil – by Niall McGee (Globe and Mail – March 29, 2025)

https://www.theglobeandmail.com/

More than 30 years after serving in the U.S. military, Algoma Steel Group Inc. chief executive officer Michael Garcia is once again in the line of fire. But instead of facing a foreign military foe as he did in the 1990/1991 Gulf War, the threat is economic, and the aggressor is his own countryman.

On March 12, U.S. President Donald Trump levelled a 25-per-cent tariff on Canadian steel imports, making it significantly harder for Sault Ste. Marie, Ont.-based Algoma to win business in the United States, which accounts for more than half of its revenue.

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Uranium market freezes as tariff threats rattle would-be buyers – by Jacob Lorinc (Bloomberg News – March 31, 2025)

https://www.bnnbloomberg.ca/

The North American uranium market is grinding to a halt as U.S. nuclear-power companies spooked by U.S. President Donald Trump’s tariff threats slow purchases and delay new contracts.

U.S. utility purchases of the nuclear fuel dropped by half as the imposition of Trump’s 10 per cent levy on Canadian energy exports approaches, according the most-recent data from pricing firm TradeTech. Reactor operators who typically rely on term contracts are standing on the sidelines to see how the tariffs play out.

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Gold surges toward $3,100 amid unrelenting rally – by Neils Christensen (Kitco News – March 28, 2025)

https://www.kitco.com/

(Kitco News) – After holding initial support at $3,000 an ounce, gold’s rally continues unabated, ending the week at another record high.

Gold prices are moving within striking distance of $3,100 an ounce. While momentum indicators show growing overbought conditions, analysts say the market continues to benefit from solid fundamental support. Gold is trading at $3,077.30 an ounce, up 0.68% on the day, and is set to end the week with a nearly 2% gain.

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EU selects 47 strategic projects to secure critical minerals access – by Cecilia Jamasmie (Mining.com – March 25, 2025)

https://www.mining.com/

The European Union (EU) has published its first list of strategic projects strengthening the local extraction, processing, and recycling of 14 of the 17 materials it deems critical for its energy transition and security.

The selection of the 47 projects mark a key step in implementing the Critical Raw Materials Act (CRMA), which sets targets for 2030, including extracting 10% of the EU’s annual consumption, processing 40%, and recycling 25% of these essential materials.

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Prospect of U.S. tariffs haunting Canadian copper sector – by Gabriel Friedman (Financial Post – March 2025)

https://financialpost.com/

Could send shockwaves through eastern part of sector and ultimately benefit China

United States President Donald Trump is laying the groundwork for tariffs on copper that could send shockwaves through the eastern part of Canada’s sector and ultimately benefit China. Canada in 2023 produced 2.2 per cent of global mined copper, less than half of what’s produced in the U.S., which accounted for five per cent.

Nonetheless, more than half the copper produced in Canada, mainly from the eastern part of the country, was shipped to the U.S., making up a large portion of the imports there.

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First Nations slam BC mining claims framework (Northern Miner – March 27, 2025)

https://www.northernminer.com/

British Columbia’s new framework requiring consultation with First Nations before registering mining claims misses the mark for consulting with Indigenous groups, First Nations say. The new consultation Mineral Claims Consultation Framework (MCCF), released last week, outlines processes for consulting with industry and First Nations groups.

But BC Assembly of First Nations Regional Chief Terry Teegee criticized the changes, implying they don’t remotely align with the collaborative approach outlined in the province’s Indigenous rights law.

‘Step backward’

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