‘The Sacrifice Zone’: Myanmar bears cost of green energy – by Dake Kang, Victoria Milko and Lori Hinnant (Associated Press/Hawaii Tribune-Herald – August 10, 2022)

https://www.hawaiitribune-herald.com/

The birds no longer sing. The fish no longer swim in rivers that have turned a murky brown. The animals do not roam, and the cows are sometimes found dead. The people in this northern Myanmar forest have lost a way of life that goes back generations. But if they complain, they, too, face the threat of death.

This forest is the source of several key metallic elements known as rare earths, often called the vitamins of the modern world. Rare earths now reach into the lives of almost everyone on the planet, turning up in everything from hard drives and cellphones to elevators and trains.

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More funding announced for Sudbury-based mining software project – by Staff (Sudbury.com – August 9, 2022)

https://www.sudbury.com/

Additional financial support has been given by the government of Ontario through the Ontario Centre of Innovation

More funding has been announced to help the Sudbury-based MIRARCO mining innovation centre further the research and development of decision-support software for underground mining applications. This is part of a three-year agreement between MIRARCO and the Australia-based RPMGlobal software company that was first highlighted last December.

In a news release issued Monday, MIRARCO said the additional financial support was given by the government of Ontario through the Ontario Centre of Innovation (OCI), an organization that supports innovators to commercialize new Ontario based technologies. A dollar amount was not revealed in the announcement.

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Tesla steps up lobbying effort with Ontario, Ottawa to set up a ‘manufacturing facility’ – by Adam Radnowski (Globe and Mail – August 9, 2022

https://www.theglobeandmail.com/

Canada’s ambitions of becoming an electric-vehicle powerhouse are being newly fuelled by interest from Tesla Inc. in locating a major manufacturing facility in Ontario.

While rumours of such an investment by the pioneering EV maker were kick-started last week by CEO Elon Musk’s offhand remarks during a shareholders’ meeting, an apparent recent shift in the company’s lobbying efforts offers more substantive evidence of the possibility.

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Bidding war for Canadian uranium explorer UEX hots up – by Mariaan Webb (MiningWeekly.com – August 10, 2022)

https://www.miningweekly.com/

The bidding war for that has erupted for Canadian uranium exploration junior UEX is heating up, with Denison Mines improving its offer, leaving fellow-suitor Uranium Energy Company (UEC) disappointed with UEX delaying its shareholder vote. UEX shareholders would have voted on UEC’s bid on Tuesday, but the company’s board had moved that meeting to August 15, following Denison’s amended offer.

Denison has offered to acquire UEX for 0.32 shares for every UEX share held, representing an implied purchase price of C$0.51 a share. Denison states that the acquisition proposal represents a 7% premium to the price implied by the amended agreement between UEX and UEC, and a 9% premium to the 20-day volume weighted average price implied by the amended UEC agreement.

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Trudeau doesn’t like the opposition to his fertilizer plan – by Brian Lilley (Toronto Sun – August 9, 2022)

https://torontosun.com/

It’s always interesting to hear Liberals accuse others of stoking division when that seems to be their bread and butter. This week it was Liberal MP Lloyd Longfield, a backbencher from Guelph, who was chosen to be the face of a column on fertilizer that accused opponents of the Trudeau government’s plan of stoking division for political gain.

He, and the government he serves, might want to look in the mirror. If you haven’t heard, the Trudeau Liberals want Canadian farmers to reduce their emissions from fertilizer, specifically nitrous oxide emissions, to 30% below 2020 levels by 2030.

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Cracking open Greenland’s booming ruby mine – by Julien Bouissou (Le Monde – August 3, 2022)

https://www.lemonde.fr/en/

Located near the Arctic Circle, the Aappaluttoq deposit reflects a growing industry. For the Norwegian family business LNS, which operates the site, the financial challenge is far from being conquered.

In Air Greenland’s small twin-propeller plane, which had just hopped across the icy airport runway of Nuuk, Greenland’s capital, the 20 or so passengers could finally catch their breath. In the icy month of February, where temperatures could drop to -25°C, it was difficult to see where the runway began and where the frozen waters of the Davis Strait ended.

“If he had landed one meter too soon, we would have all ended up like ice cubes in the sea,” a passenger said casually, before zipping up his coat, putting on his hat and getting off the plane.

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Column: Glencore’s smelter warning galvanises the zinc price – by Andy Home (Reuters – August 9, 2022)

https://www.reuters.com/

LONDON, Aug 10 (Reuters) – The London Metal Exchange (LME) zinc price jumped to a six-week high last week after Glencore (GLEN.L) warned of the continuing margin squeeze on its European smelters. The commodities powerhouse idled part of its Portovesme smelter in Italy at the end of 2021 due to high power prices.

Europe’s power crunch has got much worse in the intervening months after Russia launched what it calls its “special military operation” in Ukraine at the end of February.

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Mongolia: On the Verge of a Mineral Miracle – by Pranay Varada (Harvard International Review – February 11, 2022)

https://hir.harvard.edu/

Between the vast expanses of Siberia and the sprawling Gobi desert lies Mongolia, the world’s most sparsely populated country. Over the past 50 years, this nation of just over 3 million, covering a landmass more than twice the size of Texas, has navigated a transition from a mostly nomadic lifestyle to a market economy.

It may not seem like it at first, but Mongolia could be a much wealthier nation within the next 20 years, on the level of the “Asian Tigers” of the 1990s: Hong Kong, Singapore, South Korea, and Taiwan. It’s been called the “wolf” economy, and for good reason: there’s over US$1 trillion—with a “t”—of mineral resources on the land.

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Diggers and Dealers: BHP tips EVs will send nickel demand up to 300% higher in the next 30 years – by Josh Chiat (Stockhead.com.au – August 2022)

https://stockhead.com.au/

EVs are here to stay, and the world’s biggest miner says it’s going to spur a run for nickel demand well beyond anything seen before.

Following on from IEA figures last week, which show we could need a ludicrous 60 new nickel mines by 2030 to achieve announced carbon reduction pledges, BHP’s Nickel West boss Jessica Farrell told delegates at the Diggers and Dealers Mining Forum in Kalgoorlie demand for nickel to 2050 would increase 200-300% on the previous three decades.

Mind-boggling. No wonder BHP has decided to reinvigorate the division which almost closed down a few years ago when stainless steel demand fell off a cliff and tanked prices.

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Ring of Fire development possible with proper First Nations consultation, says grand council chief – by Jonathan Migneault (CBC Sudbury – August 10, 2022)

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

Ford government throne speech highlighted critical minerals strategy as key part of economy

To develop the Ring of Fire and build more mines to extract critical minerals the Ontario government will need to consult with First Nations the “right way,” said the grand council chief of the Anishinabek Nation. “I think they can do it in the right way, and I think it can be done faster,” said Anishinabek Nation Grand Council Chief Reg Niganobe.

“They have a plethora of information on how they can do that in accordance with engaging First Nations and getting First Nations approval. But the first step is being able to do that. First Nations have their own way of seeking approval from their community.”

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Copper nanowire spray effectively destroys covid-19 virus – by Staff (Mining.com – August 9, 2022)

https://www.mining.com/

A team of scientists from Ames National Laboratory, Iowa State University and the University at Buffalo developed an antimicrobial spray that deposits a layer of copper nanowires onto high-touch surfaces in public spaces.

Inspired by the challenges posed by the covid-19 pandemic, the researchers created a spray that contains copper nanowires (CuNWs) or copper-zinc nanowires (CuZnNWs) and can form an antimicrobial coating on a variety of surfaces.

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Barrick adds to its Tier One gold portfolio through Tanzanian transformation – by Brendan Ryan (MiningMX.com – August 8, 2022)

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Barrick Gold CEO Mark Bristow believes the group’s two mines in Tanzania have the potential to achieve “combined Tier One status in Barrick’s portfolio” which explains the lengths the group has gone to in protecting its position in Tanzania following the debacle with former subsidiary Acacia Mining.

According to Bristow – reporting on the group’s June quarterly results – “when we took over these mines they were a moribund burden on the government and their investors. “In a very short time we redesigned and re-engineered them creating what are in effect two new mines.

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China Is Moving Rapidly Up the Rare Earth Value Chain – by Xianbin Yao (Brink News – August 7, 2022)

https://www.brinknews.com/

China is making an unrelenting effort to integrate and upgrade its rare earth supply chain of upstream mining, processing, manufacturing, and deeper applications. Although it has only about one-third of the world’s rare earth reserves, China now accounts for 60% of global rare earth mined production, 85% of rare earth processing capacity, and over 90% of high-strength rare earth permanent magnets manufactured.

In short, China aims to transform itself from the largest producer and refiner of rare earth elements to being the world’s major high value-add manufacturer of the clean energy products dependent on rare earth metals and other critical minerals.

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Mining giant Rio Tinto hit by legal battle over sacred Apache site at Oak Flat in Arizona – by Francesca Washtell (Financial Mail/This Money – August 6, 2022)

https://www.thisismoney.co.uk/

The serene Oak Flat upland lies in the heart of Arizona. With its beautiful peaks and forest, it is a beloved spot for campers, hikers and rock climbers. Above all, it is the centre of the San Carlos Apache tribe’s religion, a place of devotion where their gods dwell and they still perform traditional ceremonies.

But it is now at the centre of a dispute between the tribe and FTSE 100 giant Rio Tinto. It is also shaping up to be an acid test of the mining group’s claims that it is determined to respect sacred sites.

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Roof is about to cave in on the Canadian economy – by David Rosenberg (Financial Post – August 9, 2022)

https://financialpost.com/

Shaky housing market and high household debt point to a more pronounced recession than many are calling for

With the Bank of Canada’s aggressive rate-hiking cycle well underway despite a shaky residential real estate sector and high levels of household debt, it’s no secret that we believe the Canadian economy is headed for a more pronounced recession than many are calling for. But just how vulnerable is the overall economy to a collapse in the housing market?

Our analysis indicates that a reversion to the mean with respect to housing-related consumption expenditures and residential investment would lead to a 1.4 per cent drop in real gross domestic product (GDP), and keep in mind that this is a best-case scenario, since a pullback after years of excess typically leads to such measures going through the mean to the downside.

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