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Canadian Media Resource Articles

OPINION: Trump is right to fear a Canada-Europe team-up. But Canada must rise to the challenge first – by Aaron Burnett (Globe and Mail – March 28, 2025)

https://www.theglobeandmail.com/

Aaron Burnett is a German-Canadian geopolitics and security analyst based at Berlin’s Democratic Strategy Initiative.

The spectre of a deeper trade relationship between Canada and Europe keeps U.S. President Donald Trump up at night – if his latest social-media rant threatening higher tariffs on both is any clue.

And that means, all the more, that Canada must seek closer ties to Europe. Mr. Trump is a man who defers to strength and bullies the weak. If a Canada-Europe team-up strikes such a raw nerve, then that means it’s the right move.

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Boom in uranium stocks fizzles as Ukraine ceasefire talks build – by Geoffrey Morgan (Bloomberg News – March 25, 2025)

https://www.bnnbloomberg.ca/

Once-booming uranium stocks have been veering toward bust mode to start 2025. Escalating trade tensions between the US and Canada, one of the world’s key producers of the nuclear fuel, are playing a major part.

Lately, so are talks toward a ceasefire in Russia’s war in Ukraine, which raise the prospect of looser sanctions on Russian production of the radioactive metal and the potential for more supply. The price of uranium is now down more than a third from early 2024, and has slumped roughly 11% this year alone.

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Lots of mining left in Sudbury but there are challenges: Gord Gilpin – by Hugh Kruzel (Sudbury Star – March 21, 2025)

https://www.thesudburystar.com/

Vale’s director of Ontario Operations speaks to a Greater Sudbury Chamber of Commerce luncheon

Sudbury has another hundred years of good mining left in its ore bodies but it will have to work to remain competitive in a difficult market for nickel, Vale’s director of Ontario Operations says. Gord Gilpin told the Greater Sudbury Chamber of Commerce this week that Indonesia has flooded the world market with nickel, depressing the price of the mineral.

Gilpin made a parallel to the turbulent 1970s and 80s. “They (Indonesia) are the OPEC of nickel. They will set prices. We do expect it to balance out but in the short term, there is a surplus that is why pricing is under pressure.”

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Trump’s order to boost mining in the U.S. could end up helping Canadian companies – by Gabriel Friedman (Financial Post – March 24, 2025)

https://financialpost.com/

Latest U.S. effort to reduce dependence on China for rare earths and critical minerals

Canadian mining insiders say their industry could ultimately benefit if United States President Donald Trump’s fixation on boosting his country’s production of minerals persists. Last Thursday, Trump invoked presidential emergency powers and signed an executive order “to facilitate domestic mineral production to the maximum possible extent” as a matter of national and economic security.

The order cites “our reliance upon hostile foreign powers’ mineral production,” which some say is the U.S.’s latest effort to reduce its dependence on China, which controls large parts of the world’s rare earths and critical minerals supply chains.

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Gold dominates mining M&A again in 2024: S&P Global – by Staff (Mining.com – March 22, 2025)

https://www.mining.com/

Gold was once again the dominant theme of mergers and acquisitions (M&A) deals within the precious and base metals mining space in 2024, accounting for 70% of the year’s transaction count and total value, says S&P Global.

According to data tracked by S&P, the number of M&A transactions with gold as the primary resource metal more than doubled those in base metals at 43 (versus 19). The total transaction value was also nearly three times higher for gold at $19.31 billion, compared to $7.23 billion for base metals.

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High Teck: The Canadian miner’s reinvention as a critical-metals player—via its massive copper mine in Chile’s Andean foothills— could prove its undoing as an independent company – by Eric Reguly (ROB/Globe and Mail – March 24, 2025)

https://www.theglobeandmail.com/

The Canadian plan to evolve into global critical-metals player by opening one of the biggest copper mines in South America got off to an unlucky start. On Sept. 25, 1996, Frank Pickard, the Sudbury, Ont., native who was the CEO of Falconbridge, then one of Canada’s top two diversified mining companies (the other was Inco), boarded a small aircraft on the Chilean coast and flew to the Collahuasi mine in the Atacama Desert, in the far north of the country, in the Andean foothills near the Bolivian border.

Within minutes of stepping out at 4,400 metres (14,400 feet)—half the height of Everest—he was felled by a heart attack and died. He was 63. A retired mining engineer and consultant friend of mine, Jeffrey Franzen, who worked for a subsidiary of Falconbridge at the time, told me that based on the story he’d heard, Pickard’s failure to acclimatize before reaching the Andean heavens, where effective oxygen levels are far lower than those at sea level, probably triggered his death. (Legend says he was buried in a coffin made of nickel, Falconbridge’s main product, as was his wish.)

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Canada scraps federal review of large projects – by Colin McClelland (Northern Miner – March 23, 2025)

Global mining news

Canada’s federal government will permit major infrastructure and mining projects with provincial and territorial approvals alone, Prime Minister Mark Carney said Friday evening after meeting with the country’s 13 premiers.

“We will eliminate federal duplicative requirements by recognizing provincial assessments for major projects, the so-called mutual recognition,” Carney told reporters in Ottawa. “So, one project, one review, and we will work with the provinces and other stakeholders, Indigenous groups, to identify projects of national significance and accelerate the time frame to build them.”

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Wab Kinew ignores Manitoba’s trillion-dollar critical minerals opportunity – by Kevin Klein (Winnipeg Sun – March 21, 2025)

https://winnipegsun.com/

While New Brunswick’s Premier Susan Holt and her Liberal government are making serious moves to capitalize on their province’s critical mineral resources, here in Manitoba, Premier Wab Kinew and his NDP government are silent. Not a word. Not a dollar. Not even a photo op with a hardhat and shovel.

This is a missed opportunity on a scale that’s hard to ignore — unless, of course, you’re the NDP. On Wednesday, New Brunswick’s Natural Resources Minister John Herron stood in their legislature and said what every leader who takes economic growth seriously should be saying. He told his team to get a strategy together to mine their rich deposits of critical minerals.

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Quebec’s aluminum product producers are feeling the sting of Trump’s tariffs – by Nicolas Van Praet (Globe and Mail – March 22, 2025)

https://www.theglobeandmail.com/

There are roughly 1,700 companies shaping aluminum into components or finished products in Quebec, cranking out everything you can think of with the malleable metal – from ambulance doors to window frames. Half of them are based in the greater Montreal area. And all of them have one major problem at the moment: Donald Trump.

Industry groups have been warning for weeks of the pain to come from the U.S. President’s 25-per-cent tariffs on Canadian aluminum and steel, which came into effect March 12. But on the factory floors of Quebec’s aluminum-product makers, and in the hallways and offices of manufacturers where net profit margins are typically in the single digits and payrolls rarely tally more than 200 employees, those warnings have become reality.

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Sudbury, Ont., mayor not fazed over what tariffs could mean for nickel mining – by Jonathan Migneault (CBC News Sudbury – March 21, 2025)

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

The U.S. only has one nickel mine and it would take years to start new ones

Sudbury’s mayor says he’s not worried that an ongoing trade war between Canada and the United States will hurt the city’s nickel exports to the south.

“I believe critical minerals, which obviously we are endowed with here in Greater Sudbury, play a role to maybe bridge that divide that we are currently living with the U.S. administration,” said Sudbury Mayor Paul Lefebvre. “For them to realize the importance that they can’t source this in the U.S.”

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China flexes rare earth dominance with million-tonne discovery – by Staff (Mining.com – March 19, 2025)

https://www.mining.com/

China solidified its global dominance in rare earth elements mining with a new discovery that its experts say is likely to be the largest middle and heavy rare earth deposit in the country. The discovery was first reported in the Chinese paper Workers’ Daily late January, then confirmed and published by the China Geological Survey (CGS) under the Ministry of Natural Resources.

According to the CGS, the deposit could host as much as 1.15 million tonnes of resources containing key rare earth elements such as praseodymium, neodymium, dysprosium and terbium, which are being sought after globally. Once tapped, it would yield about 470,000 tonnes of these strategic minerals, it estimated.

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[Ring of Fire] For the love of peat — how Liberals let moss block development of the ‘oilsands of Ontario’ – by Jesse Kline (National Post – March 21, 2025)

https://nationalpost.com/

The Grits have mired the development of vast wealth in a bureaucratic nightmare. The Tories pledge to change that

A video posted by Conservative Leader Pierre Poilievre on Wednesday highlights one of Canada’s enduring problems: our chronic inability to get anything done and, by extension, our propensity to handicap our own economic prosperity.

In the video, and at a pre-campaign stop in Sudbury, Ont., Poilievre highlighted a story that should have sparked a modern-day gold rush. In 2007, prospectors found vast deposits of critical minerals — including chromite, which is used to produce stainless steel, cobalt, nickel, copper and platinum — in a remote part of northern Ontario, about 500 kilometres north of Thunder Bay, that came to be known as the “Ring of Fire.”

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Trump to expand critical mineral production using wartime powers – by Ari Natter and Joe Deaux (Bloomberg News – March 20, 2025)

https://www.bloomberg.com/

President Donald Trump is invoking emergency powers to boost the ability of the US to produce critical minerals — and potentially coal — as part of a broad effort to ramp up the development of domestic natural resources and make the country less reliant on foreign imports.

An executive order signed by the president Thursday taps the Defense Production Act as part of an effort to provide financing, loans and other investment support to domestically process critical minerals and rare earth elements, according to a White House official. The US International Development Finance Corporation, working with the Department of Defense, will provide financing for new mineral production projects.

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Poilievre criticized for pledging to fast-track Ring of Fire without Indigenous consultation – by Rajpreet Sahota, Faith Greco, Kate Rutherford (CBC News Canada – March 19, 2025)

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

Conservative leader’s ‘proposed shortcuts ignore our rights and our connection to the land’: Alvin Fiddler

Pierre Poilievre’s pledge on Wednesday that a Conservative government would fast-track development of the Ring of Fire has been criticized by Nishnawbe Aski Nation’s (NAN) grand chief, who accused the federal party leader of ignoring First Nations’ rights.

Alvin Fiddler was among those responding to Poilievre’s comments on the mineral-rich area of northwestern Ontario during his visit to Sudbury. NAN is a political organization representing 51 First Nation communities across Treaty 9 and Treaty 5 areas of northern Ontario.

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Deep-sea miners are set to dig for critical minerals, even if rules aren’t done – by Todd Woody (Bloomberg News – March 19, 2025)

https://www.bloomberg.com/news/

As companies seek to extract critical minerals used in electric vehicle batteries and other green technologies from the deep sea, a showdown is underway over when and whether to allow mining of untouched, biodiverse ecosystems.

For more than a decade, delegates from the United Nations-affiliated International Seabed Authority (ISA) have been negotiating regulations to allow deep-sea mining as required by a 1982 UN treaty. Those deliberations are continuing this week during a meeting in Kingston, Jamaica, in advance of a July deadline to finish the job.

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