https://www.cbc.ca/news/canada/sudbury/
The Onaping Depth project will be 2,500 metres below the existing Craig Mine
To extend its Sudbury, Ont., mining operations to 2040, Glencore plans to go very deep underground. The mining giant expects its $1.3-billion Onaping Depth project to be fully operational by 2025.
The new mine is being built around 2,500 metres below the former Craig Mine, which shut down in 2009.
A new company name, a new political landscape, and a new Ontario Mines Minister have all come together as momentum continues to build swiftly around efforts to develop the multi-billion-dollar Ring of Fire region of Northern Ontario.
Stephen Flewelling, CEO of Ring of Fire Metals, recently rebranded from Noront Resources , gave an update of the projects in the Ring of Fire at the Central Canada Resource Expo conference in Thunder Bay. Flewelling talked about recent changes that are happening and what the future looks like.
https://www.northernontariobusiness.com/
New sources of nickel and platinum keep the drills turning this winter
Nickel and base metals continue to drive exploration in the Sudbury mining camp with a handful of junior miners preparing for winter drill programs.
Magna Mining, the redevelopers of a decommissioned INCO property near Whitefish, reported some high-grade nickel hits this week from its first drilling program at the former Crean Hill Mine. The Sudbury junior miner acquired the shuttered underground mine last month and launched a maiden 2,000-metre program this fall.
https://www.thesudburystar.com
Canada is home to 31 minerals that the government considers critical, including nickel
As the federal government prioritizes critical mineral extraction, local officials are emphasizing the need to take advantage of the opportunities available in Sudbury.
“Mining has always been one of Canada’s economic cornerstones,” said Sudbury MP Viviane Lapointe. “Today, this sector matters more than ever. There is a growing global appreciation that a cleaner, net-zero global economy cannot be achieved without mineral extraction, specifically, critical minerals, the building blocks for the future.”
After several years of deliberations, iron ore giant Vale SA is finally laying out a path for unlocking value from its nickel and copper business as demand for the so-called battery metals picks up.
The Rio de Janeiro-based firm will separate the base metal assets from its iron ore operations and unveil a strategic partner in the first half of next year, Chief Executive Officer Eduardo Bartolomeo and Chief Financial Officer Gustavo Pimenta said in an interview. An initial public offering is off the table for now.
Prime Minister Justin Trudeau’s government is keen to strengthen Canada’s relationship with Indonesia, but not so much so that it’s willing to join the nickel cartel that the emerging Asian power is trying to get off the ground.
“It’s an idea that Indonesia has proposed to us, but we are not looking at that particular model in the way that they have proposed,” Trade Minister Mary Ng said after she and three fellow cabinet ministers released the government’s first ever Indo-Pacific Strategy in Vancouver on Nov. 27.
A company advancing a large nickel-cobalt project in Timmins is already planning its applications for a new provincial fund. Today, Minister of Mines and Timmins MPP George Pirie was at Northern College to launch the Critical Minerals Innovation Fund.
The two-year, $5-million initiative is “to support research, development and commercialization of technologies, processes and solutions for critical minerals,” said Pirie.
https://www.cbc.ca/news/canada/manitoba/
Members of Norway House Cree Nation raised concerns about information sharing, environmental impacts and community employment at a consultation for a potential nickel mine in the area.
Last Thursday, Flying Nickel Mining Corporation and the Government of Manitoba hosted a public consultation around the Minago Nickel Project — a possible development following a memorandum of understanding that was signed by the First Nation’s chief and Flying Nickel in February. The mine could be under construction starting in 2024.
https://www.northernontariobusiness.com/
Magna Mining completes acquisition of former Inco mine with growth plans afoot in the Sudbury camp
Sudbury is historically known for nickel. But there remain hundreds of millions of tonnes of overlooked and valuable mineral commodities left behind by mining activity over the decades.
An upstart mining company with ambitions to be Sudbury’s next producer is seizing on an opportunity to bring a former INCO mine back into production, possibly by the end of next year.
Canada’s nickel producers are hoping to differentiate their products as cleaner and purer
Mining industry veteran Mark Selby has for years been telling anyone who would listen that the production of nickel — a metal key to batteries and the energy transition — was getting so concentrated in just a few countries that a cartel-like organization to control supply was inevitable.
A slide in the PowerPoint deck he’s shown at investment conferences since 2019 predicted an “ONEC” — the Organization for Nickel Exporting Countries — consisting of Indonesia, the Philippines and Russia, the top three nickel producers.
(Bloomberg) — An Indonesian proposal to create an OPEC-like group of nickel suppliers has raised eyebrows among Australian miners.
Indonesian Investment Minister Bahlil Lahadalia floated the idea of an alliance that he said would help to unite government policies on the in-demand battery metal — and push the development of the downstream industry — at the Group of 20 Summit in Bali this week. The plan has been discussed with both Canada and Australia.
TORONTO and DETROIT, Nov. 17, 2022 /PRNewswire/ — Vale Canada Limited, a subsidiary of Vale S.A., and General Motors Co. (NYSE: GM), announced today they have signed a term sheet for the long-term supply of battery grade nickel sulfate from Vale’s proposed plant at Bécancour, Québec, Canada. This agreement secures for GM a supply of nickel sulfate from a U.S. free-trade partner to support its fast-growing EV production needs in North America.
Under terms of the agreement, Vale will supply battery grade nickel sulfate, equivalent to 25,000 metric tons per year of contained nickel, for use in GM’s Ultium battery cathodes, which will power a broad portfolio of electric vehicles including the Chevrolet Silverado EV, Blazer EV and Equinox EV, the Cadillac LYRIQ, the GMC Sierra EV, and the GMC HUMMER EV Pickup and SUV. The amount of contained nickel is sufficient to supply approximately 350,000 EVs annually. Deliveries are targeted to commence in the second half of 2026.
One of the projects on the Americans’ radar is northern Ontario’s Ring of Fire
The United States military is talking to Canadian miners about potentially funding some critical minerals projects in Canada, the latest evidence of President Joe Biden’s administration’s commitment to cutting its reliance on China for the metals needed to build defence equipment and expand the electric vehicle (EV) market.
One of those projects is in the Ring of Fire region in northern Ontario, which Premier Doug Ford’s government believes has “multi-generational potential” to produce minerals such as nickel and copper that are currently in high demand as countries look to accelerate the shift away from fossil fuels.
JAKARTA, Nov 16 (Reuters) – Indonesia has proposed in talks with Canada establishing an OPEC-like organisation for nickel producing countries, the Southeast Asian nation’s investment ministry said in a statement on Wednesday.
Indonesia and Canada are the first and sixth biggest nickel producers in the world, respectively. The proposal was made when Indonesian Investment Minister Bahlil Lahadalia met Canada’s International Trade Minister Mary Ng on Tuesday on the sideline of the G20 summit in Bali.
https://www.theglobeandmail.com/
Ring of Fire Metals is in talks with the United States government about possibly getting funding for its critical minerals project in northern Ontario.
“We’ve had initial discussions with the U.S. Department of Defence (DOD) regarding the important role that Northern Ontario’s Ring of Fire region will play in producing the critical minerals needed by Canada and the U.S.” the company said in a statement to The Globe and Mail.
