Archive | Quebec Mining

As lithium booms again, new players hope to avoid ‘horror’ show of predecessors – by Gabriel Friedman (Financial Post – July 21, 2021)

https://financialpost.com/

Mining lithium not only generates environmental concerns, but chemical conversion for battery use is a major challenge

In the middle of July, as COVID-19 restrictions relaxed, Guy Laliberté, chief executive of Sayona Quebec — the company that aims to be the next lithium producer in Canada — was meeting with an opponent of his project.

Last month, the company announced a Quebec Superior Court approved a deal for Sayona Quebec to purchase North American Lithium’s former assets, which includes the La Corne mine, a concentrator and a chemical plant for $94 million in cash plus a range of conditions — pennies on the dollar given the company says previous owners invested around $400 million.

The deal is not expected to close until August, but Sayona aims to start producing lithium by early 2023, a tight time schedule that will require a range of work. Continue Reading →

Pallinghurst makes billion-dollar bet on Quebec as global battery hub – by Nicolas Van Praet (Globe and Mail – July 5, 2021)

https://www.theglobeandmail.com/

European private equity investor Pallinghurst Group is making a billion-dollar bet that Quebec will recover from its early blunders in battery materials and become a dependable pillar for supply in North America, as the global shift to electric transportation accelerates in the years ahead.

London-based Pallinghurst has invested more than US$500-million to date in two key battery-mining and material-processing projects in the province, with plans for more.

The company scooped up mining company Nemaska Lithium Inc. out of bankruptcy protection in a partnership with the Quebec government’s investment arm and built up a 15-per-cent position in another supplier, Nouveau Monde Graphite. Continue Reading →

The inspiration for revolution: Unhealthy working conditions and low wages led asbestos miners to launch a strike that left a lasting legacy in Quebec’s history – by Mehanaz Yakub (CIM Magazine – June 21, 2021)

https://magazine.cim.org/en/

When the clock struck midnight on February 14, 1949, the normally quiet streets of the small town of Asbestos, Quebec, were packed with nearly 2,000 workers from the Jeffrey Mine who were ready to go on strike.

Later that Valentine’s Day morning, 3,000 more miners from the neighbouring Thetford Mine joined the walkout, and what followed was one of the longest and most brutal labour disputes in the province’s history.

Since the late 19th century, Quebec, and especially Asbestos, was the largest producer and exporter of the eponymous mineral. Asbestos was popularly used for insulation, soundproofing and fireproofing, and American and English-Canadian owned companies, such as Johns-Manville, Asbestos Corp., and Flintkote all set up operations around Quebec’s Eastern Townships. Continue Reading →

Championing a Green Energy Revolution through High-Grade Cu-Ni-Co-Zn Projects in the World’s Best Mining Jurisdictions – by Stephen Mlot, P.Eng (June 2, 2021)

Murchison Minerals Limited (TSXV: MUR) is a company founded by industry veterans and following a plan for discovering and building resources for the Green Energy Revolution through high-grade Cu-Zn and Ni-Co projects in Canada’s best mining jurisdictions.

Murchison is operating in the provinces of Saskatchewan and Quebec, based on those provinces’ rich variety of metal deposits, as well as the positive fiscal and operational environment for mineral exploration and development. In its 2020 Annual Survey of Mining Companies the Fraser Institute ranks those jurisdictions as the top two in Canada and in the top ten globally.

The Green Energy future is not just about electric vehicles and battery power. Clean energy goes beyond this to include Wind, Solar, Hydrogen Energy Cells, Geothermal and even Nuclear. Other drivers of the future will be the electrification of everything, the 5G interconnection of devices (managed by AI systems), and energy-efficient systems. Continue Reading →

From hot stock to bust, will Nemaska Lithium rise again? – by Martin Patriquin (Financial Post – May 26, 2021)

https://financialpost.com/

MONTREAL • About 1,000 kilometres from Montreal, in the Precambrian expanse of Quebec’s north, is the world’s second-largest deposit of one of its most sought-after minerals.

In 2009, Nemaska Lithium announced its intention to harvest its namesake mineral with all the gut-busting blarney usually reserved for gold rushes and oil strikes.

To investors, the company touted itself as “your next Canadian lithium supplier,” promising to deliver 300 jobs and $4.1 billion in revenues over its minimum 18-year lifespan. Continue Reading →

Osisko PEA outlines ‘highly profitable’ gold mine at Windfall in Quebec (Canadian Mining Journal – April 2021)

http://www.canadianminingjournal.com/

A preliminary economic assessment (PEA) on Osisko Mining’s (TSX: OSK) Windfall project in Quebec’s James Bay region outlines a 3,100 t/d two-ramp underground mine with a process facility that would produce an average of 238,000 gold oz. a year over an 18-year life. The gold development company is targeting first production from the gold deposit by 2024.

In its first seven years, Windfall would generate an average of 300,000 gold oz. annually at all-in sustaining costs of US$610 per oz., producing a peak of 328,000 oz. in year six.

Based on an initial capital outlay of $544 million that includes contingency, the after-tax net present value estimate for the project comes in at $1.5 billion, using a 5% discount rate and US$1,500 per oz. gold, with a 39.3% internal rate of return and a 2.2-year payback. Continue Reading →

‘Demand is growing and growing fast’: Quebec electric vehicle company gets help to build $185 million battery assembly plant – by Gabriel Friedman (Financial Post – March 16, 2021)

https://financialpost.com/

Ottawa and Quebec pitch in loans for a crucial piece in the EV supply chain that could help position the province for future growth in the sector

Montreal area-based Lion Electric Co. announced Monday it’s building a $185-million lithium-ion battery assembly plant in Quebec — a crucial piece in the electric vehicle supply chain that could help position the province for future growth in the sector.

The company, which manufactures electric trucks and buses in St. Jerome, Que., said the federal and Quebec governments are each lending $50 million to help advance the project, which is expected to create an additional 135 jobs, and produce around 14,000 batteries once operational in 2023.

The announcement came at a press conference on Monday with Prime Minister Justin Trudeau and Quebec Premier Francois Legault, among other dignitaries, in front of a Lion electric school bus and truck. Continue Reading →

Feds announce $7.1M for new wind turbines at Raglan mine – by Staff (Canadian Mining Journal – March 10, 2021)

http://www.canadianminingjournal.com/

As part of its climate efforts, the federal government is providing $7.1 million to Tugliq Energy to help fund the installation of two more wind turbines at Glencore‘s (LON: GLEN) remote Raglan nickel mine.

The operation, in the Nunavik region of northern Quebec, already has two 3-MW wind turbines, one constructed in 2014, and the second in 2018. The two turbines currently generate around 10% of mine power, saving over 4 million litres of diesel every year, and reduce greenhouse gas emissions by 12,000 tonnes.

Two more wind turbines would increase the mine’s renewable energy capacity to 12 MW and its energy storage capacity to 6 MW, and reduce diesel use by 6.6 million litres annually. Continue Reading →

Osisko continues to grow ‘world-class’ Windfall deposit (Canadian Mining Journal – February 17, 2021)

http://www.canadianminingjournal.com/

Osisko Mining (TSX: OSK) has released an updated resource estimate for its Windfall gold deposit in Quebec, which, according to CEO John Burzynski, “places Windfall among the best high-grade development projects globally.”

Measured and indicated tonnes now total 6 million tonnes at 9.6 g/t gold, for 1.9 million gold oz. and inferred resources add 16.4 million tonnes at 8 g/t gold, for an additional 4.2 million gold ounces across all categories now total 6.1 million oz.

When compared with the prior resource from February 2020, measured and indicated tonnes increased by 47%, alongside an increase in grade, which was previously 9.1 g/t gold. Similarly, inferred tonnes grew by 13% while the grades are now at 8 g/t gold, compared to 8.4 g/t previously. Cut-off grades are unchanged at 3.5 g/t gold. Continue Reading →

Yamana and Agnico Eagle approve C$1.7bn Odyssey mine – by Mariaan Webb (MiningWeekly.com – February 12, 2021)

https://www.miningweekly.com/

Joint venture partners Yamana Gold and Agnico Eagle have approved the C$1.7-billion construction of the Odyssey gold project at Canadian Malartic, in Quebec.

The underground project will extend the life Canadian Malartic – Canada’s largest operating openpit gold mine – to 2039, yielding an average of 545 000 oz/y from 2029 to 2039, at a total cash cost of $630/oz.

“One of Canada’s largest underground gold mining projects will come to fruition right here in Malartic. Continue Reading →

Developing a market for scandium oxide – by Trish Saywell (Northern Miner – January 21, 2021)

Global mining news

If you blinked you might have missed the news last week but it was extraordinary: Rio Tinto (NYSE: RIO; LSE: RIO) and the Quebec government announced they are building a commercial-scale demonstration plant to produce scandium oxide in Canada – the first scandium oxide plant in North America.

As Alisha Hiyate, the editor-in-chief of the Canadian Mining Journal and Diamonds in Canada magazine pointed out in her article about the new plant on Jan. 14, scandium oxide is used to make high-performance aluminium alloys for the aerospace, defence and 3-D printing industries, and in the production of solid oxide fuel cells. Scandium-enriched alloys are stronger, lighter, corrosion-resistant and weldable.

Rio Tinto will be extracting the critical material from tailings it has generated from processing titanium dioxide. The mining company discovered the scandium oxide in mineralized material from its Lac Tio ilmenite mine in the French-speaking Canadian province five years ago, figured out a way of producing scandium oxide at a purity level of over 99.99%, and last year produced its first aluminum-scandium master alloy. Continue Reading →

Area Play: M&A on the Abitibi Greenstone Belt in Quebec – by David Erfle (Kitco News – January 22, 2021)

https://www.kitco.com/

In the early 20th century, the discovery of the Cadillac-Larder Lake Fault Zone (CLLFZ) ushered in the Abitibi-Tamiscamingue Gold Rush and the geological anomaly continues to have a major impact on Quebec’s mining history.

The massive CLLFZ is a regional-scale strike fault and/or shear zone and is one of the most important structural controls on the gold mineralization in the Abitibi Greenstone Belt (AGB), which has produced 190 million ounces of gold since the early 1900s.

Its name derives from the township of Cadillac, where it was first discovered. The CLLFZ is roughly 160 kilometers long and extends from the town of Val d’Or, in Quebec, to Kirkland Lake, in Ontario, Canada. Although the city’s name in French means “valley of gold,” there is no valley in Val d’Or, however, there is still plenty of gold remaining in the surrounding area. Continue Reading →

Rio Tinto, Quebec bet on critical mineral scandium with new plant – by Niall McGee (Globe and Mail – January 15, 2021)

https://www.theglobeandmail.com/

Rio Tinto Group, with aid from the Quebec government, is investing a combined US$6-million to bring a new environmentally friendly scandium project into production, which will be the first steady North American source of the extremely pricey rare earth mineral.

Currently produced as a byproduct of mining other elements such as uranium and titanium, scandium is in tight supply worldwide. China and Russia dominate the market, leaving North American companies at the whim of unreliable and potentially hostile suppliers.

The silvery white metal is used as an alloy to strengthen and lighten aluminum, and in fuel cells as a backup power source. Continue Reading →

Quebec crafts plan to advance critical and strategic minerals sector – by Erik Richer La Flèche (Canadian Mining Journal – January 6, 2021)

http://www.canadianminingjournal.com/

Quebec has a modern, diversified, and somewhat dirigiste economy, where the Quebec government is not afraid to assume a central role. For decades now, the provincial government has attempted to identify economic sectors that – in its opinion – have a promising future.

On Oct. 29, 2020, the government added the exploration and mining of minerals to the list when it released the Quebec Plan for the Development of Critical and Strategic Minerals (2020-2025).

The critical and strategic minerals sector now joins several others that the government has recently recognized as growth opportunities, including food production and transformation, electricity exports, green hydrogen, the electrification of transportation and batteries. Continue Reading →

Quebec govt spares mining industry from new restrictions – by Marleny Arnoldi (MiningWeekly.com – January 7, 2021)

https://www.miningweekly.com/

The Quebec Mining Association (QMA) has welcomed the announcement of the continuation of mining operations, despite the total containment decreed by the provincial government late on January 6.

The association says this exemption for the industry is the result of robust measures that the mining industry has deployed to limit the spread of Covid-19 on mining sites.

Quebec has announced new Covid-related restrictions that include a night-time curfew and the closure of some workplaces that are non-essential, to clamp down on the second wave of the pandemic being experienced in Canada. Continue Reading →