The promise and pitfalls of Indonesia’s nickel boom – by James Griffiths (Globe and Mail – September 28, 2024)

https://www.theglobeandmail.com/

Indonesia already accounts for 55 per cent of the world’s nickel production, and that output is only expected to grow. But locals fear losing precious farmland over a commodity that might soon lose its lustre

Atop a hill overlooking Loeha Raya, a cluster of villages on the shores of Lake Towuti, on the Indonesian island of Sulawesi, all that can be seen is green. For kilometres around, the hills are covered in leafy pepper plants, roughly two metres high, growing in neat rows reminiscent of a vineyard, their tiny fruit slowly ripening and turning red, at which point thousands of workers will harvest them, laying the peppercorns out to dry in the hot Southeast Asian sun.

Down at the lakeside, where lumbering ferries dock from the town of Sorowako, across the water, the idyllic calm of the pepper fields is nowhere to be found, however. Large posters greet arrivals with angry slogans: “Reject mining,” “Save our village” and “Defend agricultural land!”

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Opinion: We are Anishinaabe Zionists. Hateful anti-Israel camps disrespect our lands – by Harry LaForme and Karen Restoule (National Post – September 28, 2024)

https://nationalpost.com/

We reject using the words ‘colonizer,’ ‘settler’ and ‘decolonize’ to justify terror, violence, kidnapping and rape

As Anishinaabe, we strive to adhere to our traditional values. The Creator placed the distinct races of humankind upon Mother Earth and gifted each with unique knowledge to be used for their benefit and to be shared for the benefit of all humankind. The Seven Sacred Teachings were given to us so that we may learn how to live and move forward together in a good way.

Indigenous peoples welcomed the settlers to Turtle Island. Our original relationship was based upon mutual respect, honour, equality, peaceful coexistence, and the sharing of the land; its resources and wisdom. Treaties of Peace and Friendship were signed that codified these intentions and stressed peaceful and equal coexistence.

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Rio Tinto boosts efforts to win public support for Serbia lithium mine – by Cecilia Jamasmie (Mining.com – September 25, 2024)

https://www.mining.com/

Rio Tinto  is boosting efforts to win public support for its $2.4 billion Jadar lithium project in Serbia, which has been halted since 2022 because of stern opposition due to environmental concerns.

The world’s second largest miner has been pushing since to resume work on the project, expected to be Europe’s biggest mine of the battery metal. With projected production of 58,000 tonnes of refined battery-grade lithium carbonate per year, Jadar could supply enough lithium to power one million electric vehicles and meet 90% of Europe’s current lithium needs.

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B.C. NDP releases mining support plan – by Nelson Bennett (Business In Vancouver – September 24, 2024)

https://www.biv.com/

NDP pledges guaranteed permitting timelines for critical mineral mines

On the heels of a B.C. Conservative platform on mining released earlier today, the B.C. NDP followed this afternoon with the release of their own plan for mining, with an emphasis on critical minerals.

One thing the two plans agree on: More than a dozen critical mineral mine proposals in B.C. need to be fast-tracked through the regulatory process.

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Quebec to become ‘anchor’ for Gold Fields’ diversification strategy, CEO says – by Henry Lazenby (Northern Miner – September 25, 2024)

Global mining news

Gold Fields’ (NYSE: GFI; JSE: GFI) C$2.2 billion ($1.6bn) Osisko Mining buy, set to close before year-end, will help balance the South African company’s aging assets in Ghana and Peru, CEO Mike Fraser says.

The deal, which comes two years after Gold Fields’ failed bid for Yamana Gold in 2022, adds a project that is expected to boast low costs and that Fraser says fits well with its Salares Norte mine in Chile, which marked first production earlier this year.

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Israel considers new limits on precious metals and cash to combat crime – by Ernest Hoffman (Kitco News – September 25, 2024)

https://www.kitco.com/

(Kitco News) – Israeli Prime Minister Benjamin Netanyahu is considering limiting citizens’ right to own precious metals as part of a series of sweeping changes to help fight financial crime.

According to a report from Ynetnews.com, The Prime Minister has asked officials within his government to begin exploring measures to limit the circulation of black market currency to curb illegal activity in Israel.

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London mining company with Canadian connections plans copper mine acquisitions after sealing Turkish deal – by Eric Reguly (Globe and Mail – September 25, 2024)

https://www.theglobeandmail.com/

A Russian-British mining executive has launched an attempt to build an international copper-mining portfolio with the purchase of a Turkish mine and will soon set his sights on Canada.

Earlier this month, Artem Volynets, the chairman and CEO of ACG Metals Ltd., which is listed on the London Stock Exchange, announced an investment of US$290-million in the Gediktepe mine in western Turkey. In an interview with The Globe and Mail, he said the purchase marked the first step of his “company’s vision to roll up the copper sector through a series of acquisitions.”

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Opinion: Federal caribou decree will hammer rural Quebec – by Gabriel Giguère (Financial Post – September 25, 2024)

https://financialpost.com/

To save a handful of woodland caribou, Ottawa seems willing to sacrifice the jobs and in some cases the hometowns of hundreds of Quebecers

The federal government is considering an emergency decree to protect woodland caribou that would cost Quebec and its rural regions dearly. Thousands of families who work in the forest sector in the Saguenay, Côte-Nord and Abitibi regions could suffer serious consequences.

Unfortunately, it would seem federal officials put greater weight on saving caribou than saving humans’ jobs. The decree, which has now been through the compulsory consultation stage but has not yet been issued, aims to protect three herds comprising a total of 265 caribou — about four per cent of the estimated 6,162 woodland caribou found in Quebec and just a fraction of one per cent of the more than 30,000 in Canada.

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The pressing need to invest in, and protect, our Arctic territories – by Jesse Kline (National Post – September 25, 2024)

https://nationalpost.com/

If we hope to prevent our adversaries from encroaching in the North, Canadians will have to start taking the region far more seriously

As southern Ontario’s hot, sticky summer starts to wind down, the last thing on most people’s minds is the vast, frozen tundra of Canada’s Far North. But on Sept. 18, a group gathered in downtown Toronto to hear a broad range of experts discuss Arctic sovereignty and security.

Granted, the Far North has always been a very niche area of interest in Canada, which is curious for a country that prides itself on being a northern nation. But perhaps that’s to be expected when 90 per cent of our population lives within 160 kilometres of the U.S. border, many in cities such as Vancouver and Toronto that have relatively temperate climates.

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Gold powers to another all-time high; silver bulls step on the gas – by Jim Wyckoff (Kitco News – September 24, 2024)

https://www.kitco.com/

(Kitco News) – Gold prices are posting good gains in midday U.S. trading Tuesday and hit another record high of $2,675.70, basis December Comex futures. Silver prices are sharply up and hit a nine-week high. Safe-haven bids are boosting the two precious metals markets.

Technical charts are also bullish for gold and silver, which is inviting speculators to the long sides. December gold was last up $20.40 at $2,673.00 and December silver was up $1.20 at $32.295. The precious metals received some more bullish news today as China’s central bank lowered a key rate, the reserve requirement ratio for banks, by 0.5% in bid to support China’s stock and property markets.

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Metals security of supply depends on junior resource companies – by Rick Mills (Ahead of the Herd/Mining.com – September 19, 2024)

https://www.mining.com/

A junior resource company’s place in the food chain is to acquire projects, make discoveries and hopefully advance them to the point when a larger mining company takes it over. Discoveries won’t be made if juniors don’t have boots on the ground, if they aren’t out in the bush poking around and breaking rocks.

Few exploration companies have the money or technical expertise to “go mining”. For many, the goal is to find a deposit that’s good enough to attract a major who will acquire the asset. Another pathway is for the junior to partner with a larger company. An option or joint venture (JV) agreement is a way for juniors to gain access to the financial and technical resources needed to build the mine.

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Iron Ore Spikes as Beijing Takes Slew of Steps to Aid Economy – by Jake Lloyd-Smith (Bloomberg News – September 23, 2024)

https://www.bnnbloomberg.ca/

(Bloomberg) — Iron ore and copper rallied strongly after China unveiled a series of measures to boost growth and resurrect its beleaguered property market.

China, the biggest consumer of metals and the main driver of the fortunes of those who produce them, has been a constant source of bad news for commodity markets this year. A broad economic slowdown, combined with the crisis in the property sector, has seen metal prices slump and piled pressure on everything from steelmakers to copper smelters.

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Face of Nutrien workforce changing after 65 years of potash production in Sask. – by Cole Davenport (CTV News Regina – September 20, 2024)

https://regina.ctvnews.ca/

Rocanville, Sask. – Driving into the tunnels of Nutrien’s Rocanville mine, the largest potash mine in the world by production volume, feels like driving down a lonely highway in the middle of the night. “In a day you’d probably put on anywhere between 100 and 150 kilometres just to see your people,” said Chris Machniak, a general foreman at the mine.

The silence of the tunnels is broken only by the subtle but noticeable crinkling sound of fresh-cut potash settling into its new position. That quiet is quickly replaced by the roar of machinery as you reach the heart of the operation.

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Container fire under control at Port of Montreal – by Harry North (Montreal Gazette – September 23, 2024)

https://montrealgazette.com/

The fire, in a container with lithium batteries, produced enough smoke that the city asked residents to stay inside and close their windows.

Montreal’s fire department said late Monday it had contained a fire in a container at the Port of Montreal holding 15,000 kilograms of lithium batteries.

Some residents of the Mercier—Hochelaga-Maisonneuve borough were advised to stay in their homes Monday evening and close their windows as foul-smelling smoke filled the area. The city confirmed around 10:30 p.m. that the confinement advisory had been lifted and the air did not pose any danger to residents.

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Saskatoon set to take on China in production of critical minerals – by Michael Joel-Hansen (Saskatoon Star Phoenix – September 20, 2024)

https://thestarphoenix.com/

City will soon be home to a first-of-its-kind rare earth minerals processing facility in North America

Saskatoon will soon be home to a first-of-its-kind rare earth minerals processing facility in North America, one that can take on China’s dominance in a key part of the energy transition.

The Saskatchewan Research Council (SRC) is constructing the plant, set to be fully operational in 2025, which will become the only one in North America able to process critical minerals into materials that can be used to create a range of products, including batteries for electric vehicles (EVs).

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