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Canadian Regional Media and Web Publications

Global delegates converge on Sudbury to chart a path forward in mining – by Lindsay Kelly (Northern Ontario Business – October 11, 2024)

https://www.northernontariobusiness.com/

Australian mayor shares his community’s experience of growth in the ore-rich Pilbara at the OECD conference

The City of Karratha in Western Australia’s Pilbara region is a hive of mining-related activity. Known for its rich iron ore deposits, the region has a population of just over 24,000 people. Karratha alone generates a whopping $20 billion annually in gross domestic product (GDP).

Put in other terms, each person working in the region contributes $375 per hour to the GDP; that’s in comparison to the national average of $56 per hour. “That’s how important our region is to the national economy of Australia,” said Daniel Scott, mayor of the City of Karratha, while speaking in Sudbury this week.

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Ontario stonewalling marine conservation area, proponents say – by Nicole Stoffman (Timmins Daily Press – October 11, 2024)

https://www.timminspress.com/

Bourgouin: ‘The province should be at the table with Mushkegowuk Council’

A proposed marine conservation area in the James Bay Coast is being hindered without the support of the province, Mushkegowuk Grand Chief Leo Friday says. The Mushkegowuk National Marine Conservation Area (NMCA) would protect 86,000 square kilometres of federal waters in the Hudson and James Bays and 20 kilometres of coastal buffer zones under provincial jurisdiction.

The federal waters have been approved for conservation by the Ministry of the Environment, but without Ontario’s approval of the 20-kilometre buffer zone, the NMCA could still proceed but will be “very limited,” according to Lawrence Martin, director of Mushkegowuk Council’s lands and resources department.

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‘Proud northern miners’: Detour Lake gold used for mint’s new coin – by Marissa Lentz-McGrath (Timmins Today – October 11, 2024)

https://www.timminstoday.com/

It’s the first time that a Northern Ontario mine is being used for the initiative

If you ever wanted to own gold poured right here in Northern Ontario, now’s your chance. The Royal Canadian Mint has launched its 2024 single-sourced gold maple leaf coin. It’s crafted entirely from gold poured from Agnico Eagle’s Detour Lake mine.

Detour Lake is located about 300 kilometres northeast of Timmins, this is the second time Agnico has teamed up with the Royal Canadian Mint for the bullion — a coin made from highly refined precious metal. It’s the first time a Northern Ontario mine is featured in the program.

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Will the Ottawa fund one Northern Ontario lithium refinery or four? Wilkinson plays coy – by Lindsay Kelly (Sudbury.com – October 11, 2024)

https://www.sudbury.com/

Federal minister says Canada must pick up the pace of critical minerals development, without cutting environmental corners

Canada needs to speed up the pace of mining-related development if it wants to be a critical minerals leader on the global stage. That was the message from federal Energy and Natural Resources Minister Jonathan Wilkinson during an Oct. 9 appearance in Sudbury.

Speaking at the 2024 Conference of Mining Regions and Cities, hosted by the Organisation for Economic Co-operation and Development (OECD), Wilkinson noted Canada’s global ranking in the top five producing countries for 13 major minerals and metals, including palladium, gold, platinum and nickel.

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Is Ontario holding back the Ring of Fire? Federal natural resources minister says so – by Ian Ross (Northern Ontario Business – October 8, 2024)

https://www.northernontariobusiness.com/

Accused of stalling Far North mineral development, province says it waits on $1-billion commitment from Ottawa

Natural Resources Minister Jonathan Wilkinson said Ottawa offered a $40-million sweetener to entice Queen’s Park for a formal sit-down to discuss how to make progress in the Ring of Fire. So far, Wilkinson said, they’ve been rebuffed by the province.

“To date, Ontario has not taken us up on that, but I continue to urge Ontario to do that. I think it’s an important conversation, but there are really important issues to be addressed before we actually talk about mines.”

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The Art of Betting on Maybe, Junior Miners as an Options Trade – by Anthony Milewski (The Oregon Group – September 9, 2024)

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After kicking around the commodity sector for almost twenty years it still makes me laugh when I meet some guy running a small hedge fund (usually a fresh face kid out of New York or Connecticut) telling me he is a “value investor” looking at the mining space. The only thing I can tell you for sure is that these guys are an odds-on favorite to get smoked out!

No one really ever owns a mining stock, THEY RENT THEM

The same goes for many of the folks on forums like MINTWIT, CEO.CA and Hotcopper.com.au. These sites are littered with angry investors who lost money in part because they didn’t understand what they were buying and how they should assess risk.

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Grassy Narrows on the cusp of a housing boom – by Mike Stimpson (NWO News Watch – October 5, 2024)

https://www.nwonewswatch.com/

The First Nation has secured a commitment from Ottawa to fund 100 new homes.

GRASSY NARROWS – Chief Rudy Turtle disclosed on YouTube recently that his First Nation northeast of Kenora has secured a federal commitment for scores of new housing units in the next few years.

A meeting last month with Indigenous Services Canada produced a $24-million pledge to fund 50 new modular homes and a 20-unit apartment complex in the Anishinabe community, Turtle said.

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Mining the Northwest: Ottawa drops $14 million to help move critical minerals to market – by Ian Ross (Northern Ontario Business – October 7, 2024)

https://www.northernontariobusiness.com/

Four northwestern Ontario mining proponents snag funding for road, transmission line and engineering work

Four copper and lithium mine developers in northwestern Ontario, collectively, will be pocketing almost $14 million in federal funding to build access roads and power lines into their future mine sites.

Federal Energy and Natural Resources Minister Jonathan Wilkinson delivered the news in Thunder Bay, Oct. 7, that $13.8 million is earmarked for five mining-related projects – including two with Sudbury’s Frontier Lithium – that will facilitate the mining and movement of these critical minerals for processing and eventually to the electric vehicle supply market.

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Sagamok Anishnawbek takes the plunge into underground mining – by Ian Ross (Northern Ontario Business – October 3, 2024)

https://www.northernontariobusiness.com/

Z’gamok Enterprises acquires majority ownership of Sudbury contractor Legend Mining

New ownership is at the helm of Legend Mining. Z’gamok Enterprises Inc. (ZEI) has acquired a 51-49 per cent controlling interest in the Sudbury mining contractor. The deal, a year in the making, was finalized Sept. 4.

Diving into underground mining services had been something the organization has been thinking and strategizing about for a decade. ZEI, an economic development organization owned and operated by Sagamok Anishnawbek is located south of Massey on the north shore of Lake Huron. It runs three businesses that collectively employ 130.

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Wyloo CEO makes Timmins stop to talk Ring of Fire – by Maija Hoggett (Timmins Today – October 3, 2024)

https://www.timminstoday.com/

Efforts to get the province to the table to talk about conservation planning processes remain at a stand-still

TIMMINS – With a nickel mine in Ontario’s Far North aiming to be in production in six years, the Timmins business community had a chance to learn more about the project. Wyloo CEO Kristan Straub talked about the ongoing work at the proposed nickel and chromite mine in the Ring of Fire today (Oct. 3) at the Timmins Chamber’s State of Mining series.

The proposed Eagle’s Nest Mine is located 500 kilometres northwest of Thunder Bay in a minerally enriched area of the James Bay wetlands.

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A milestone moment at Sault, Michigan’s big dig – by Ian Ross (Northern Ontario Business – September 27, 2024)

https://www.northernontariobusiness.com/

The U.S. Army Corps of Engineers $3-billion lock project soldiers on to 2030 completion

The U.S. Army Corps of Engineers delivered a update on its US$3.22-billion construction project to carve out a new lock at Sault Ste. Marie, Michigan.

The Lake Superior side of the approach wall for ships was declared substantially complete on Sept. 17. The contractors, Kokosing-Alberici, of Westerville, Ohio, were awarded that segment of the project – valued at US$117 million – beginning in September 2020.

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MineConnect casts a wider net across Ontario – by Staff (Northern Ontario Business – September 25, 2024)

https://www.northernontariobusiness.com/

Regional mining supply association expanding to become province-wide presence

A Northern Ontario mining supply group is expanding its membership reach across Ontario. MineConnect Supply and Services Association announced at the MINExpo International Conference in Las Vegas this week that it plans to broaden its membership base across the province, calling it a “significant milestone in the organization’s growth journey.”

MineConnect, which has an office presence in Nevada, said in a news release that the expansion to include Ontario members will enhance the group’s market presence and should boost domestic and international partnership opportunities for the both organization and its members.

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‘There will be nobody … monitoring the land’: Grand chief urges Ontario to meet – by Maija Hoggett (Timmins Today – September 20, 2024)

https://www.timminstoday.com/

‘Despite our best efforts to work with the province of Ontario, we have yet to see meaningful signals of their willingness to work with us’

If Ontario doesn’t come to the table soon, years of work to protect the land and water of the Far North are at risk. Mushkegowuk Council Grand Chief Leo Friday issued a statement today urging Premier Doug Ford to meet with their chiefs. They want the province to agree to immediately protect the coast of Western James Bay and southwestern Hudson Bay, and the North French River.

The ask isn’t for money, in 2022 the federal government committed $800 million to create up to four Indigenous-led conservation areas, including Mushkegowuk.

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Grays Bay road and port could be $1B project, proponent estimates – by Jeff Pelletier (Nunatsiaq News – September 18, 2024)

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GN, West Kitikmeot Resources Corp. sign MOU at Nunavut Trade Show

The estimated cost of the proposed Grays Bay road and port project, which would connect resource-rich western Nunavut to the rest of Canada, has nearly doubled according to its proponent.

Brendan Bell, CEO of West Kitikmeot Resources Corp., provided a new cost figure to Nunatsiaq News after signing a memorandum of understanding to continue support for the project at the Nunavut Trade Show in Iqaluit on Wednesday. “I would estimate that it’s at least a billion-dollar undertaking at this point,” Bell said.

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Laurentian on its way to repairing reputation, says new president – by Heidi Ulrichsen (Northern Ontario Business – September 18, 2024)

https://www.northernontariobusiness.com/

‘We’re on the right path’: It has been nearly two years since Laurentian University exited insolvency restructuring, and the university’s new president says LU has come a long way

Laurentian University has come a long way to repairing damage to its reputation in the nearly two years since it exited insolvency restructuring in late 2022, said the university’s new president. Lynn Wells, who became Laurentian’s 12th president and vice-chancellor in April, sat down for a one-on-one interview with Sudbury.com this week.

She also spoke about the many daunting tasks she has ahead of her to a Greater Sudbury Chamber of Commerce audience on Sept. 17, as well as a meeting of Laurentian’s senate held the same day.

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