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Carney, Trump, and the Arctic mining nexus – by Shane Lasley (North of 60 Mining News – April 4, 2025)

https://www.miningnewsnorth.com/

A shared vision for North America’s Arctic could help thaw relations; Greenland and minerals may be keys to securing the North.

While relations between Canada and the United States may be the coldest ever recorded, the leaders of both nations have a common vision that could help defrost tensions – investing in the strategic and resource-rich North to help ensure North American security and prosperity as we progress deeper into the 21st century.

“Our government will strengthen Canada’s Arctic security, bolster partnerships with our closest Allies, unleash the North’s economic potential, and reaffirm reconciliation with Indigenous Peoples,” Mark Carney said as he was preparing to travel to Nunavut just four days after being sworn in as Canada’s new prime minister.

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Steel producers call on Ottawa to put tariffs on foreign dumpers to offset pain from U.S. duties – by Niall McGee (Globe and Mail – April 4, 2025)

https://www.theglobeandmail.com/

The Canadian Steel Producers Association is calling on the federal government to immediately erect new trade barriers against foreign dumping to help domestic producers better compete in their home market in the face of U.S. tariffs.

Canadian steelmakers are highly dependent on the U.S. market and are now desperately trying to win more business at home where demand outstrips production. But domestic producers often have to compete with foreign competitors engaging in dumping – selling product at artificially low prices in order to gain market share. At its most egregious, the practice can drive Canadian steelmakers out of the market entirely.

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China hits back at US tariffs with rare earth export controls – by Amy Lv, Lewis Jackson and Eric Onstad (Reuters – April 4, 2025)

https://www.reuters.com/

China placed export restrictions on key rare earth elements on Friday as part of its sweeping response to President Donald Trump’s tariffs, potentially squeezing supply to the U.S. and the West of minerals vital to everything from defense to electric cars.

China produces around 90% of the world’s refined rare earths, a group of 17 elements used across the defense, electric vehicle, clean energy and electronics industries. The United States imports most of its rare earths, and most come from China.

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NICO project in Northwest Territories could establish domestic bismuth supply – by Amanda Stutt (Mining.com – March 31, 2025)

https://www.mining.com/

Bismuth prices surged to all-time highs on the European spot market in March, a more than six-fold rise since January, as China’s export controls squeeze supplies of the mineral used in atomic research, cosmetics and pharmaceuticals.

China in February announced plans to impose export controls on five key metals — tungsten, tellurium, molybdenum, indium and bismuth — in response to US President Trump’s import tariffs. Bismuth is a scarce industrial metal that has characteristics similar to lead, but is non-toxic, and the industry is currently developing uses for replacing lead.

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Minister Lecce talks about his new expanded portfolio, meetings in Washington – by Barbara Patrocinio (iPolitics.ca – April 1, 2025)

https://www.ipolitics.ca/

“The Americans are waking up to the reality that they are dependent on China for critical minerals, and they need an alternative,” Lecce said. “Ontario is the answer.”

A day before President Trump is poised to announce tariffs that experts say will harm the economy in both countries, Ontario’s Energy and Mines Minister Stephen Lecce went to D.C. trying to position the province as Washington’s most reliable partner.

“The Americans are waking up to the reality that they are dependent on China for critical minerals, and they need an alternative,” Lecce said. “Ontario is the answer.” Minister Lecce attended the SAFE Summit in Washington, a meeting with the global leaders in energy, transportation and supply chain.

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America’s long Arctic love affair is culminating in Trump’s designs on Greenland – by Peter Harmsen (Globe and Mail – April 2, 2025)

https://www.theglobeandmail.com/

Peter Harmsen is a journalist and the author of Fury and Ice: Greenland, the United States and Germany in World War II.

The historically minded among us may have sensed a certain déjà vu this weekend when U.S. President Donald Trump talked to NBC News about the role military force could play in gaining control of Greenland, currently an autonomous territory of long-time ally Denmark: “I don’t take anything off the table.”

After all, in 1940, when the Americans were slowly waking up from their isolationist slumber to side with the Western democracies in the struggle against fascism, they took a break from this grand mission to threaten Canada and Britain with armed might to keep Greenland to themselves.

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Sierra Leone’s Kono District: You can’t sit by the river and wash your hands with spittle – Op ed – by Abdul Rashid Thomas (Sierra Leone Telegraph – April 2, 2025)

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When wife of the president of Sierra Leone – Mrs Fatima Bio joined a strike action by workers from Koidu Limited Mining Company (KLMC) in protest against the company, her detractors wasted no time in condemning her action, as attention seeking or misuse of her privileged position as the First Lady.

Irrespective of her position as First lady, those who know Fatima Bio believe that she did so as a citizen and daughter of the soil. As for those who don’t know, Fatima grew up on the foothills of the very hills that are being blasted daily by the mining company. Fatima grew up around the Koquima and Boroma environs of Sefadu.

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Argentina’s economic rock star Milei attracts mining – by Colin McClelland (Northern Miner – April 2, 2025)

https://www.northernminer.com/

Argentine President Javier Milei, who took office two years ago in a chainsaw-wielding campaign against big government, has slashed inflation by nearly two-thirds after gutting public spending and halting money printing to finance the deficit.

His Incentive Regime for Large Investments of more than $200 million (C$285 million), known by its Spanish acronym RIGI, offers 25% corporate income tax instead of 35%, plans regulatory stability for 30 years and, in a major shift, allows external arbitration over disputes.

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Pincher Creek council weighs potential plebiscite on Grassy Mountain coal mine – by Somya Lohia (Hamilton Spectator – April 2, 2025)

https://www.thespec.com/

The Town of Pincher Creek is looking into whether a plebiscite could be held during the October municipal election to gauge public sentiment on the proposed Grassy Mountain coal mining project. The idea was introduced by deputy mayor Wayne Oliver during the March 24 council meeting.

Oliver put forward a notice of motion requesting that administration investigate the feasibility of holding an informational plebiscite, similar to the one Crowsnest Pass held last year. However, he suggested holding it in conjunction with the upcoming municipal election.

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Nunavut hunters urge for reassessment as Baffinland eyes 2026 construction of Steensby rail – by Samuel Wat (CBC News North – April 01, 2025)

https://www.cbc.ca/news/canada/north/

The project was approved more than a decade ago. Hunters say a lot has changed since then

Baffinland Iron Mines is now looking at 2026 as a start date for its proposed expansion to an iron ore mine in Nunavut, but local hunters are calling for the project to be reassessed before it can go ahead. The mining company wants to ship iron ore from its existing Mary River mine, by building a railway south to a proposed port at Steensby Inlet.

It’s a plan that was approved by the federal government in 2012. For years, it was put on the back burner with Baffinland favouring a railway to be built from the mine north to Milne Inlet — an option it said would be less costly. That was rejected by the federal government in 2022, causing Baffinland to switch back to the Steensby Inlet track.

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Trade war saps Canadian share sale market despite metals deals – by Geoffrey Morgan (Bloomberg News – April 1, 2025)

https://www.bnnbloomberg.ca/

Volatility from trade tensions with the US kept a lid on Canada’s market for equity deals in the first quarter, even as activity in precious metals perked up.

Canada-listed firms raised just $2 billion in the first quarter, compared to the $2.9 billion raised during the same period a year ago, data compiled by Bloomberg show. Investment bankers say market gyrations wrought by the US-Canada trade war have made dealmaking difficult.

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What you need to know about Trump’s tariffs on Canadian potash on ‘Liberation Day’ – by Michael Joel-Hansen (Saskatoon StarPhoenix – April 02, 2025)

https://thestarphoenix.com/

The White House has indicated that any new tariffs announced will stick, even if they affect American farmers

United States tariffs on Canadian potash may be going up on Wednesday as U.S. President Donald Trump moves to impose reciprocal tariffs on all its trading partners, including Canada, just as a previous exemption limiting the levy to 10 per cent expires.

Trump has hailed April 2 as “Liberation Day” for the U.S. and said the new round of tariffs will match surtax charges countries impose on American imports. The White House said on Monday that reciprocal tariffs would go into effect immediately.Meanwhile, April 2 is also the date an exemption reducing potash tariffs to 10 per cent from 25 per cent are set to expire.

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A Thrilling Yellow Diamond Discovery at Rio Tinto’s Diavik Mine – by Jane Asher (Natural Diamonds – April 1, 2025)

https://www.naturaldiamonds.com/

This exciting new discovery is sure to make natural diamond history.

A new diamond discovery from Rio Tinto’s Diavik mine in Canada’s Northwest Territories has been unearthed, a thrilling discovery for the natural diamond industry. The 158.20-carat rough diamond is one of the largest gem-quality yellow diamond ever discovered in Canada, the third-largest natural diamond producer in the world. Rio Tinto’s yellow diamond discovery is sure to make history.

The rough diamond is only one of five yellow diamonds weighing over 100 carats ever discovered at Diavik in its 22-year history. The mine, located just 200 kilometers south of the Arctic Circle, primarily produces white gem-quality diamonds. This yellow diamond discovery falls into the less than 1% category of yellow diamond production from Diavik, making it an ultra-rare gemstone.

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First Quantum backs off Panama arbitration claims, opening door to reopening copper mine – by Niall McGee (Globe and Mail – April 2, 2025)

https://www.theglobeandmail.com/

Canadian copper miner First Quantum Minerals Ltd. has agreed to drop or suspend its arbitration claims against Panama, opening the door to a resolution that could see its giant operations in the country eventually reopen.

Vancouver-based First Quantum in late 2023 filed international arbitration proceedings against Panama around the time then-president Laurentino Cortizo ordered the shutdown of its Cobre Panama mine. Mr. Cortizo took the drastic step after Panama’s Supreme Court ruled that its mining contract was unconstitutional, and during massive public protests against the mine.

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Exclusive: White House weighs executive order to fast-track deep-sea mining, sources say – by Ernest Scheyder and Jarrett Renshaw (Reuters – March 31, 2025)

https://www.reuters.com/

The White House is weighing an executive order that would fast-track permitting for deep-sea mining in international waters and let mining companies bypass a United Nations-backed review process, according to two sources with direct knowledge of the deliberations.

If signed, the order would mark U.S. President Donald Trump’s latest attempt to tap international deposits of nickel, copper and other critical minerals used widely across the economy after recent efforts in Greenland and Ukraine. Trump earlier this month also invoked emergency powers to boost domestic minerals production.

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