Republic of Mining

News Release: Vale and GM Sign Long-Term Nickel Supply Agreement in Canada Critical to North American EV Supply Chain (November 17, 2022)

November 17, 2022

TORONTO and DETROIT, Nov. 17, 2022 /PRNewswire/ — Vale Canada Limited, a subsidiary of Vale S.A., and General Motors Co. (NYSE: GM), announced today they have signed a term sheet for the long-term supply of battery grade nickel sulfate from Vale’s proposed plant at Bécancour, Québec, Canada. This agreement secures for GM a supply of nickel sulfate from a U.S. free-trade partner to support its fast-growing EV production needs in North America.

Under terms of the agreement, Vale will supply battery grade nickel sulfate, equivalent to 25,000 metric tons per year of contained nickel, for use in GM’s Ultium battery cathodes, which will power a broad portfolio of electric vehicles including the Chevrolet Silverado EV, Blazer EV and Equinox EV, the Cadillac LYRIQ, the GMC Sierra EV, and the GMC HUMMER EV Pickup and SUV. The amount of contained nickel is sufficient to supply approximately 350,000 EVs annually. Deliveries are targeted to commence in the second half of 2026.

Matawa chiefs push back against U.S. military agenda in the Ring of Fire – by Staff (Northern Ontario Business – November 17, 2022)

November 17, 2022

https://www.northernontariobusiness.com/

First Nation leaders demand a big say over any industrial development on their James Bay homelands

Toronto media reports about talks between the U.S. military, mining interests and government about funding development in the Ring of Fire has angered Indigenous communities in Ontario’s Far North.

The leadership of the Matawa First Nations are asserting their sovereignty, rights and jurisdiction over their traditional territories in the mineral-rich James Bay region. Chiefs from across Ontario met this week at their fall assembly in Toronto and are lending their support.

Some junior mining companies say they are left out from Ontario’s critical minerals strategy – by Jonathan Migneault (CBC News Sudbury – November 16, 2022)

November 17, 2022

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

Ontario Junior Exploration Program offers companies up to $200,000

Some junior mining companies say they haven’t benefited from Ontario’s critical minerals strategy, which aims to build a homegrown supply chain for electric vehicles and their batteries.

The strategy would connect northern Ontario’s mineral resources – which include important metals like nickel, cobalt and lithium – to battery and vehicle manufacturing in the south.

Rock Tech drops lithium refinery plans in new Georgia Lake prefeasibility – by Colin McClelland (Northern Miner – November 16, 2022)

November 17, 2022

https://www.northernminer.com/

Rock Tech Lithium (TSXV: RCK) released a prefeasibility study for its Georgia Lake lithium project in northern Ontario showing lower resource grades and a reduced net present value, while dropping a plan to build a refinery.

The updated indicated resource comes to 10.6 million tonnes grading 0.88% lithium oxide, inferred resources of 4.2 million tonnes grading at 1% lithium oxide, the company announced on Wednesday. The study also included a first probable mineral reserve for Georgia Lake estimated at 7.3 million tonnes grading 0.82% lithium oxide.

OPINION: Coal: The black, unbeatable monster at the Egyptian climate summit – and every other one – by Eric Reguly (Globe and Mail – November 17, 2022)

November 17, 2022

https://www.theglobeandmail.com/

If you had to distill the theme of almost every UN climate summit into one word, it would be “coal.” Coal is the perennial bogeyman of the Conference of the Parties, as it is at the event’s latest edition, COP27, now under way in Egypt.

By now there is essentially zero debate among governments, climate scientists and even the coal industry itself that holding global average temperature increases to 1.5 degrees Celsius above pre-industrial levels is impossible as long as coal remains the single-biggest source of power generation.

The battery supply chain is finally coming to America – by Tom Randall (Bloomberg/Mining.com – November 15, 2022)

November 17, 2022

https://www.mining.com/

It’s official: the supply chain for electric vehicle batteries is coming to America. Redwood Materials Inc., the battery recycling company created by Tesla co-founder J.B. Straubel, said it has reached a deal to supply Panasonic with billions of dollars in critical battery components that will be produced in the US for the first time.

The agreement marks the first major contract for domestically processed cathode material, a substance that’s responsible for more than one third of the expense of a finished battery pack.

Ottawa turns down Baffinland’s iron ore expansion plans in Nunavut – by Naill McGee (Globe and Mail – November 16, 2022)

November 17, 2022

https://www.theglobeandmail.com/

Ottawa has turned down Baffinland Iron Mines Corp.’s application to increase its iron ore output in Nunavut, citing environmental concerns, putting an end to a multiyear conflict that sparked a national debate about responsible resource development in Canada.

Oakville, Ont.-based Baffinland had hoped to double its production of iron ore at its Baffin Island mine in Nunavut to 12 million tonnes a year, from six million tonnes.

NEWS RELEASE: MATAWA CHIEFS’ COUNCIL ACKNOWLEDGE THE SUPPORT OF THE CHIEFS OF ONTARIO IN ASSERTING THEIR SOVEREIGNTY, RIGHTS, INTERESTS AND JURISDICTION IN THE RING OF FIRE REGION (November 17, 2022)

November 17, 2022

http://www.matawa.on.ca/

TORONTO, ON: From the traditional territory of many nations including the Mississaugas of the Credit, Six Nations of the Grand River, the Anishinabek, Haudenosaunee, and Huron-Wendatpart at the Chiefs of Ontario Fall Chiefs Assembly held in Toronto November 15-16-17, 2022 the Matawa Chiefs Council presented to the First Nations across Ontario on the development of the Ring of Fire Region.

In briefing the Chiefs Assembly on the complex issues, Ontario First Nations leaders voiced and demonstrated support of the Matawa Chiefs Council positions related to their sovereignty, rights, interests and jurisdiction in their traditional territories and homelands.

A new mine could position Quebec as a lithium leader, but its rocky past worries locals – by Kate McKenna (CBC News Montreal – November 15, 2022)

November 16, 2022

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

It could be a boon for a small community, but critics brace for impact after history of failures and spills

In an expansive open-air pit 550 kilometres northwest of Montreal, 100-tonne trucks criss-cross the climbing roads, preparing for the mine to open.

The chalk-white veins of those rocks have metals inside, including one of the most sought-after minerals in the world: lithium, a key component of electric car batteries.

U.S. military in talks with Canadian miners for key minerals as rivalry with China grows – by Naimul Karim (Financial Post – November 16, 2022)

November 16, 2022

https://financialpost.com/

One of the projects on the Americans’ radar is northern Ontario’s Ring of Fire

The United States military is talking to Canadian miners about potentially funding some critical minerals projects in Canada, the latest evidence of President Joe Biden’s administration’s commitment to cutting its reliance on China for the metals needed to build defence equipment and expand the electric vehicle (EV) market.

One of those projects is in the Ring of Fire region in northern Ontario, which Premier Doug Ford’s government believes has “multi-generational potential” to produce minerals such as nickel and copper that are currently in high demand as countries look to accelerate the shift away from fossil fuels.

EU levels playing field as Chinese, Asian exporters are required to provide emissions data ahead of carbon tax – by Eric Ng (South China Morning Post – November 16, 2022)

November 16, 2022

https://www.scmp.com/

Manufacturers in China and elsewhere in Asia will have to furnish carbon emissions data to EU customers from next year ahead of the launch of the world’s first carbon tariff, according to a European Parliament member.

Regulations to level the playing field for imports and domestic products in terms of greenhouse gas emissions kick in next year, when disclosure of emissions of imported goods will be required. From 2026, a carbon tax will be charged in the EU based on the goods’ emissions.

Investing in lithium mines may shield electric-vehicle makers from rising prices – by Anthony Barich (SP Global – November 2022)

November 16, 2022

https://www.spglobal.com/

It is time for electric-vehicle makers to go beyond lithium off-take agreements and get more involved in mining and processing, industry observers said.

Recent price increases for certain metals showed their vulnerability to supply chain disruptions, which threaten to boost the cost of clean energy technologies and slow their deployment, the International Energy Agency, or IEA, said in its World Energy Outlook 2022, published Oct. 27.

World Population hits 8 billion, creating many challeges – by Dan Ikpoyi and Chinedu Asadu (Associated Press – November 16, 2022)

November 16, 2022

https://apnews.com/

LAGOS, Nigeria (AP) — The world’s population will likely hit an estimated 8 billion people on Tuesday, according to a United Nations projection, with much of the growth coming from developing nations in Africa.

Among them is Nigeria, where resources are already stretched to the limit. More than 15 million people in Lagos compete for everything from electricity to light their homes to spots on crowded buses, often for two-hour commutes each way in this sprawling megacity. Some Nigerian children set off for school as early as 5 a.m.

Canada’s mining industry is officially in the clutches of USA and China – by Manu Gupta (TFI Global – November 14, 2022)

November 16, 2022

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Mobile phones, cameras, computers, aircraft, LEDs, fighter jets, tanks, and satellite communications systems. All these products need one important ingredient. To function, they are all dependent on rare-earth minerals. And one might easily grasp that anyone in possession of resources that are so crucial, has a clear geopolitical edge.

History tells us that there has always been a race to control valuable resources, and a power struggle over these rare earth minerals is unavoidable in the future. And trust us when we say, Canada will be the centre of this colossal geopolitical struggle.

Battery storage tops list for climate tech investors: ESG survey – by Natasha White and Lisa Pham (Bloomberg News – November 15, 2022)

November 16, 2022

https://www.bnnbloomberg.ca/

(Bloomberg) — At least $369 billion. That’s the amount of money made available to bolster clean energy from the landmark Inflation Reduction Act.

And investors are circling. Opportunities range from renewable and nuclear energy to electric vehicles and newer technologies such as batteries, hydrogen and carbon capture, utilization and storage.