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Canadian Regional Media and Web Publications

Conservationists raise alarm bells over James Bay lowlands (Timmins Daily Press – October 26, 2024)

https://www.timminspress.com/

First Nation says plan is crucial for global climate goals

Mushkegowuk Council released a statement Thursday, Oct. 24, urging Ontario to join as a partner on a conservation plan they say is crucial to the global efforts to protect land and water. For their part, the province says their talks with the federal government on conservation efforts are ongoing.

“Minister Rickford has met with Mushkegowuk council on several occasions to discuss shared priorities,” wrote Curtis Lindsay, spokesperson for the minister of Indigenous affairs, in an email. “Ontario is continuing discussions with the federal government on how to move forward collaboratively on conservation projects that fall under provincial jurisdiction,” Lindsay wrote.

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Vault Minerals drags out the drama on a White River mine restart – by Ian Ross (Northern Ontario Business – October 25, 2024)

https://www.northernontariobusiness.com/

Australian gold producer sees open-ended potential to boost ounces at idled Sugar Zone Mine

The idled Sugar Zone gold mine, near White River, “represents a rare and profitable production opportunity” for Vault Minerals to restart at very little cost. But company management remains tight-lipped on when mining will resume at the underground operation, 30 kilometres north of town.

The Australian mid-tier gold miner is big on its enthusiasm for the practically turn-key underground mine, but is short on divulging definite timelines on a restart and how large the gold resource could grow to, despite conducting more than 90,000 metres of drilling in 2024.

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Meliadine gold mine: The ‘largest hotel’ in Nunavut – by Arty Sarkisian (Nunatsiaq News – October 21, 2024)

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Mine has more employees than the population of many Nunavut hamlets

Agnico Eagle’s Meliadine gold mine has approximately 1,500 employees. That’s about half the size of the population of nearby Rankin Inlet and slightly more than Clyde River. But only about 700 people live and work on the site at all times, which is still more than the populations of Grise Fiord, Resolute Bay and Chesterfield Inlet put together.

The mine’s employees live side by side in what they call the “biggest hotel in Nunavut” and their collective efforts produce about one gold brick a day that is roughly the size of a loaf of bread.

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IAMGOLD sees a gold trail between two deposits – by Ian Ross (Northern Ontario Business – October 16, 2024)

https://www.northernontariobusiness.com/

Toronto gold company envisions a district-scale open-pit mine complex

IAMGOLD is out to connect the dots between its new Côté Gold open-pit operation and its nearby Gosselin deposit in the belief that they are tying into one larger gold system just outside of Gogama.

The Toronto gold miner delivered some operating results for Côté with its third quarter 2024 fiscal year on Oct. 15 with some encouraging exploration results that its proposed district-scale mining complex could eventually become just that.

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Camping through northern Ontario includes Ouimet Canyon and Amethyst Mining – by Dave Gilchrist (Niagara On The Lake Local – October 17, 2024)

https://www.notllocal.com/

The canyon and the mining operation both offer interesting sights to see.

As we left the Sibley Peninsula on our camping trip through northern Ontario, we backtracked a bit to see two sites that we had wanted to experience in the area.

The first was the famous Ouimet Canyon located several kilometres north of the Trans Canada Highway. The canyon is 100 metres (330 ft) deep, 150 metres (490 ft) wide and 2,000 metres (2 kilometres; 1.2 miles) long and is protected as part of Ouimet Canyon Provincial Park. The morning we visited the canyon it was misty which added an almost surreal feeling to the view.

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IAMGOLD sees a gold trail between two deposits – by Ian Ross (Northern Ontario Business – October 16, 2024)

https://www.northernontariobusiness.com/

Toronto gold company envisions a district-scale open-pit mine complex

IAMGOLD is out to connect the dots between its new Côté Gold open-pit operation and its nearby Gosselin deposit in the belief that they are tying into one larger gold system just outside of Gogama.

The Toronto gold miner delivered some operating results for Côté with its third quarter 2024 fiscal year on Oct. 15 with some encouraging exploration results that its proposed district-scale mining complex could eventually become just that.

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Agnico Eagle’s Meliadine mine close to extracting 2M ounces of gold – by Arty Sarkisian (Nunatsiaq News – October 16, 2024)

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Milestone expected to be reached in November; Nunatsiaq News takes tour to learn how ore is transformed

Agnico Eagle’s Meliadine gold mine is nearing a milestone. In November, the company projects the mine located near Rankin Inlet will have produced two million ounces of gold, said Pujjuut Kusugak, director of Nunavut affairs for Agnico Eagle Mines Ltd.

Two million ounces is just under 57 tonnes — or perhaps a more appropriate measurement for such occasions, approximately 28.5 small elephants. Nunatsiaq News was given a tour Oct. 2 of the above-ground part of Meliadine mine to learn how rock gets blasted, excavated, crushed and transformed via chemical reaction into such an enormous amount of gold.

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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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