https://www.northernontariobusiness.com/
Sudbury mining engineer Theresa Nyabeze has been recognized as one of 100 Accomplished Black Canadian (ABC) Women in 2020.
Now in its third edition, the 100 ABC Women initiative aims to celebrate and archive the professional accomplishments of trailblazing Black women from across Canada. The non-profit organization behind the program said its goal is to create a database for current and future generations.
Xi Jinping, China’s top leader, said on Tuesday that his country would stop building coal-burning power plants overseas, a major shift by the world’s second-biggest economy to move away from its support of the fossil fuel.
China “will not build new coal-fired power projects abroad,” he told the United Nations General Assembly on Tuesday. The news comes amid a broad international effort to reduce coal use and to keep global temperatures from rising at their current pace, which scientists have warned could be disastrous.
Kenorland Minerals (TSXV: KLD) announced that it has entered into a property option agreement with Barrick Gold (TSX: ABX; NYSE: GOLD) with respect to the company’s South Uchi project in Ontario.
Under the option agreement, Barrick can earn an initial 70% interest in the project by spending a total of $6 million on mineral exploration within six years, of which $3 million are guaranteed expenditures within the first three years.
(Bloomberg) — South Africa’s High Court struck down some changes to mining regulations that govern Black ownership targets, in a move that could potentially revive investor interest in the sector.
In 2018, Mines Minister Gwede Mantashe adjusted the rules to stipulate that an ownership target of 26% for Black investors in South African mining companies would remain in perpetuity, so miners that had previously met the threshold would need to find new Black shareholders if the original ones exited their holdings.
PERTH, Australia, Sept. 22, 2021 (GLOBE NEWSWIRE) — Wyloo Metals Pty Ltd (“Wyloo Metals”) has today submitted a conversion notice to Noront Resources Ltd (TSXV:NOT) (“Noront”), notifying Noront to convert its US$15m convertible loan (“Convertible Loan”) into common shares of Noront. Conversion of the loan will increase Wyloo Metals’ ownership from 24.2% to approximately 37.3% of the outstanding common shares of Noront.
ABOUT WYLOO METALS
Wyloo Metals is the metals and mining subsidiary of Tattarang, one of Australia’s largest private investment groups. Led by a multidisciplinary team of geologists, engineers and financial professionals, Wyloo Metals manages a diverse portfolio of exploration and development projects and cornerstone interests in a number of public and private companies.
London (CNN Business)European natural gas prices have soared so high that hundreds of millions of people could be facing cold homes or inflated energy bills over winter. There’s also fears of a knock-on impact as carbon dioxide used in food production — a byproduct of fertilizer made with natural gas — also gets more expensive.
Politicians are blaming the surge in prices on an increase in natural gas demand as the world wakes up from the pandemic, supply disruption caused by maintenance, and a less-windy-than-usual summer that saw a drop in wind-generated power.
Carbon in the form of flake graphite may have a lustre ranging from dull to metallic. In gradations of black to grey, the flat plates with hexagonal edges seem more drab than eye-catching.
The non-metallic element has vast applications and potential, from the common pencil lead to industrial and aerospace purposes, and beyond. Located in the Precambrian Grenville Province, eastern Ontario seemed to be a prime area for a graphite mine. About 70 kilometres from Kingston, the Portland Graphite Mine drew the interest of resource companies since the mid-1900s. Then the attention quietly vanished.
(Bloomberg) — There isn’t much that Senate Minority Leader Mitch McConnell and the Sierra Club agree on, but one of those rare things is a measure that’s part of the bipartisan infrastructure package to be considered by the U.S. House of Representatives later this month that would fund $11.3 billion to remediate coal mines abandoned before 1977.
It’s essentially a taxpayer subsidy of a polluting industry and yet it has plenty of support on both sides of the political aisle.
https://www.theglobeandmail.com/
A 40-second video made in August in the southern Chinese city of Kunming provides a graphic account of the country’s housing bubble. It shows controlled explosions turning 15 apartment towers into rubble. They were built seven years ago and never occupied.
Since then, China’s housing woes have been exposed by the liquidity crisis at Evergrande, the world’s most indebted housing developer. The company’s shares are in freefall – they are down more than 85 per cent in the past year – and S&P Global Ratings said a default on bond payments is “likely.”
For months, economists have debated why the price of so many commodities — from aluminum, iron ore and copper to natural gas and lumber — have been so volatile: Are these the first signs of structural shifts in supply chains related to the energy transition, or just temporary blips?
There’s consensus on a few points: The pandemic, by halting and then restarting supply chains, threw supply and demand fundamentals out of whack, and pushed many commodity prices up.
https://www.floridasportsman.com/
Dave Markett, a Tampa Bay fishing guide who regularly fishes Piney Point, told those in attendance at the Florida Fish and Wildlife Conservation Commission’s 2021 Redfish Summit that, “We need to hold the people that are responsible for our water degradation accountable and that they pay a price.”
Markett went on to demand that “phosphate needs to be funding the cost of seagrass restoration,” and ended with a dire prediction: “We are one tropical storm away from a disaster of unimaginable proportions.” Agree. And agree.
Iron ore extended its slump below $100 a tonne and copper prices dropped in New York on Monday as China stepped up restrictions on industrial activity and fears about the collapse of the country’s largest property developer intensified.
According to Fastmarkets MB, benchmark 62% Fe fines imported into Northern China were changing hands for $92.98 a tonne, down 8.7% from Friday’s closing. Prices have collapsed about 60% since hitting a record in May, and are below three figures for the first time in more than a year.
The head of Sprott Asset Management has hit back at suggestions that its aggressive buying of uranium could corner the market for the nuclear fuel and spark regulatory interest.
In an interview with the Financial Times, Sprott chief executive John Ciampaglia said the physical uranium trust that Sprott launched in August would help rebalance the 180m-lb-a-year uranium market — driving prices to a level that spurred greater production of the radioactive material.
BEIJING (AP) — Global investors are watching nervously as one of China’s biggest real estate developers struggles to avoid defaulting on tens of billions of dollars of debt, fueling fears of possible wider shock waves for the financial system.
Chinese regulators have yet to say what they might do about Evergrande Group. Economists expect them to intervene if Evergrande and lenders can’t agree on how to handle its debts. But any official resolution is expected to involve losses for banks and bondholders.
https://www.theglobeandmail.com/
Norman B. Keevil likely won’t be shedding any tears if Teck Resources Ltd. sells its core coal business. Teck’s chairman emeritus, who first joined Canada’s biggest base metals company in the 1960s, says Teck has always evolved with the times, dipping into one commodity, then moving on to another, based on market demand.
“You should read my book. It’s called Never Rest on Your Ores,” Mr. Keevil said in an interview. “Teck started as a gold company, and then it became a copper company.
