The KNS nickel plant – one of three in the French overseas territory of New Caledonia – has announced it will make its 1,200 employees redundant by the end of August in the absence of a “finalised offer” from a buyer.
Koniambo Nickel SAS, which is in serious financial difficulty with a colossal debt of over €13 billion, had been looking for a buyer since the departure last February of the Anglo-Swiss group Glencore – its main shareholder.
Mining gold in remote locations isn’t a profession that many can just stumble into. Besides the long hours, the isolation, and physical toll, mining gold requires a certain amount of steely resolve and hopeful optimism, which is front and center in Discovery’s “Gold Rush” franchise.
Appearing in the first season of “Gold Rush,” back when it was still called “Gold Rush: Alaska,” Jimmy Dorsey represented the essential gold mining newbie as his job previously had been that of a realtor.
https://www.theglobeandmail.com/
Neskantaga First Nation says it wasn’t adequately consulted in a key Ring of Fire environmental study, and is warning Ring of Fire Metals, the Australian mining company bent on developing the region, that it will have to use force against members of the First Nation before they would allow development.
Ontario and two other First Nations, Webequie and Marten Falls, agreed on Monday on terms of reference related to an environmental assessment for the last of the three proposed roads into the Ring of Fire.
https://indigenousresourcenetwork.ca/
CALGARY, AB, Feb. 27, 2023 /CNW/ – Data from Census 2021 show that the extractive resource sectors, and the oil and gas sector specifically, provide the highest paying average wages for Indigenous workers in Canada.
Indigenous people in Canada make almost three times more working in the oil and gas extraction sector than the average Indigenous worker ($140,400 vs $51,120 average employment income) and almost twice as much working in mining ($93,600). Forestry also paid higher than average ($56,100).
TV Ontario’s The Agenda host Steve Paikin interviews J.P. Gladu, Virginia Heffernan, Alishia Hiyate and Stan Sudol.
https://www.theepochtimes.com/
Environment Minister Stephen Guilbeault wants to put a mandate in place by early 2023 that would require auto dealers to meet increasingly higher annual goals for selling zero-emission vehicles. In a plan critics say is impractical, the federal government aims to have half of all new passenger cars sold in Canada be zero-emission by 2030, and to achieve 100 percent by 2035.
Roughly 3 or 4 percent of new cars sold in Canada are zero-emission vehicles (ZEVs), commonly called electric vehicles (EVs), Guilbeault recently told The Canadian Press, noting that he wants to mandate increases to those percentages in order to cut carbon emissions and to push Canada to develop such vehicles for the global market. Federal consultations are ongoing to determine how the mandate should work.
Billionaire says not only will BlackRock lose money, it will also hurt national security interests
George Soros criticized BlackRock Inc.’s China push as a risk to clients’ money and U.S. security interests, in the billionaire financier and philanthropist’s latest broadside against investment in the world’s second-largest economy.
“Pouring billions of dollars into China now is a tragic mistake,” Soros wrote in an op-ed in the Wall Street Journal.
(Bloomberg) — Rio Tinto Group plans to spend $2.4 billion building a lithium mine in Serbia, in the latest sign that the biggest miners are pushing into metals poised to benefit from the green-energy transition.
The biggest producers are churning out record profits after commodities rallied this year, raising the question of what the industry will do with all the extra cash.
Most have been focused on returning money to shareholders through dividends and buybacks — analysts are expecting more big payouts in the coming weeks, including from Rio itself when the world’s second-biggest miner reports financial results on Wednesday.
https://www.theglobeandmail.com/
The end of coal in Canada has unfurled over years. Ontario was early: The province in 2003 pledged to eliminate coal-fired power, which supplied a quarter of its electrical demand.
By 2014, coal was powering zero per cent of the province – replaced with natural gas, wind, solar, hydro and, above all, zero-carbon nuclear.
More recently, Alberta decided to also do away with coal power. In 2015, about half of the province’s electricity came from coal. Since then, spurred by policies including strong provincial rules limiting emissions from power generation, coal has quickly faded. By 2023, Alberta will be fully off coal power – seven years ahead of schedule.
Uneven, bumpy and sluggish. A big political blunder. Confusing. A lack of action. A flawed vaccine plan.
The words above? They’re actual quotes. And they’re not from the pages of newspapers, like this one, who aren’t big fans of Justin Trudeau’s government.
They’re what international media have been saying about Canada’s vaccine rollout. The Washington Post, CNN and Bloomberg, respectively. And there’s a lot more criticism internationally, too, if you go looking for it.
https://www.ottawamatters.com/
Two young men were sent to jail for taking advantage of Ottawans during the 1920’s before watching their network come crumbling down due to the Great Depression.
August 30, 1930
It was Saturday, August 30, 1930. Two men, soberly dressed in dark suits, waited quietly in an Ottawa courtroom to hear their fate, as they had just pleaded guilty to conspiring to defraud the public and to manipulating the prices of mining companies’ shares.
Judge Daly broke the news — three years for each of them in the Collins Bay Penitentiary. It could have been worse.
The law allowed for a sentence of up to seven years for their crimes, but they had hoped to get away with just two. However, Justice Daly said that he couldn’t see how a sentence of less than three years would meet the circumstances. He had to look toward to future cases and this would set a precedent. After the pair received their sentences, former colleagues came up to shake their hands and offer condolences.
RepublicOfMining.com will be back on January 6, 2020.
https://www.channelnewsasia.com/
For every ton of minerals extracted, 30 tonnes of mining waste are generated.
With 1.5 million tons of residue created per day, Chile is the world leader in
mining waste.
REQUINOA, Chile: From the sky, the glistening emerald ponds of northern Chile are almost beautiful, but closer to the ground they harbour an ugly and dangerous secret: the reservoirs, filled with toxic waste from the country’s mining industry, are ticking time bombs.
Mines are the pillar of Chile’s economy, but their byproducts – which accumulate in ravines, mountain areas, river beds and reservoirs, and which are often used to create tailings dams, pose a handful of problems for surrounding inhabitants.
Apart from the environmental threat, the recent collapse of two Brazilian dams that killed hundreds of people has triggered alarm in Chile, which produces approximately a third of the world’s copper.
VRIFY Deal Room from VRIFY Technology, Inc. on Vimeo.
TORONTO, June 24, 2019 /CNW/ – VRIFY Technology Inc. is pleased to announce it has entered into an agreement with Kirkland Lake Gold to launch the KL Gold Deal Room, a new online corporate development initiative that enhances the process of identifying and evaluating potential investment opportunities.
The initiative utilizes the VRIFY Deal Room platform, a cloud-based 3D presentation and collaboration technology that helps strategic investors and growth-oriented companies, like Kirkland Lake Gold, identify new opportunities to complement existing asset portfolios.
The launch of the KL Gold Deal Room supports Kirkland Lake Gold’s objective to deploy its capital and technical expertise to make new discoveries, develop new mines, secure future gold resources and continue to responsibly deliver value to its shareholders. Kirkland Lake Gold has outlined a simple set of criteria for assets which have the potential to complement its growth strategy and will consider possible strategic investments, joint ventures and M&A opportunities. Using the KL Gold Deal Room, companies with assets that require capital, and meet these criteria, are invited to make online submissions to the KL Gold Deal Room using one standardized format that can be accessed anywhere, anytime.
