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A Reminder on Valentine’s Day: That Diamond Might Not Be Conflict-Free – by Alex Cuadros (New York Times – February 13, 2025)

https://www.nytimes.com/

In the lead-up to Valentine’s Day, people across the world rush to buy diamond engagement rings. By now most will know that in the past, many diamonds were mined in African war zones where rebel groups used the proceeds to fund their violent insurgencies. To assuage any guilt that may taint the romantic gesture, the diamond industry tells us that today, 99 percent of diamonds are now “conflict-free.”

It’s true there has been progress. A generation ago, as much as 15 percent of global diamond production was believed to be linked to conflict. But in 2003, thanks to public pressure and awareness campaigns by organizations like Global Witness, a certificate system known as the Kimberley Process was born.

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First Nation near Sudbury to grow its presence in the mining sector – by Staff (Sudbury Star – February 13, 2025)

https://www.thesudburystar.com/

Atikameksheng Anishnawbek will receive $1 million from the federal government for two projects

A First Nation just west of Sudbury will receive a little more than $1 million in federal funding to strengthen its place in the mining industry and create new jobs.

Atikameksheng Anishnawbek will get $575,199 so its economic development corporation, Giyak Mashkawzid Shkagmikwe, can buy a new diamond drill. The drill will be owned by GMS and leased to its joint venture, Bagone’an JS Drilling Inc., for use in resource exploration and mine development.

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Congo-Kinshasa: Why Conflict Mineral Narratives Don’t Explain the M23 Rebellion in DR Congo – by Judith Verweijen and Christoph Vogel (All Africa – February 2025)

https://allafrica.com/

Utrecht and Dakar — “Most reporting on the conflict is using questionable framings, suggesting it is purely driven by a desire to plunder the region’s rich mineral resources.” The capture of North Kivu’s provincial capital, Goma, by the M23 armed group last month has multiplied international coverage of the forgotten crisis in eastern Democratic Republic of the Congo. Yet most reporting on the conflict is using mistaken framings, suggesting it is purely driven by a desire to plunder the region’s rich mineral resources.

The conflict minerals narrative contains several tropes: Proponents claim that the M23 and its Rwandan allies launched the insurgency to loot large quantities of minerals from neighbouring DRC; that Western electronics or tech corporations buy violently exploited minerals and thus become complicit in the conflict; and that the war is driven by competition for so-called critical minerals required by the energy transition.

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Arctic energy and mineral race heats up – by Maureen McCall (Troy Media – February 12, 2025)

https://troymedia.com/

Nations scramble for Arctic oil, gas and minerals amid rising global demand

“Go West, young man, go West… and grow up with the country” is a phrase  attributed to Horace Greeley from the New York Daily Tribune back in 1865.In 2025, the phrase might be updated to “Go North, young man, go North” as optimism rises about the potential of oil and gas and critical minerals in the Arctic.

Optimism about the size of the prize of Arctic hydrocarbons rose in 2012 when the U.S. Energy Information Administration (EIA) assessed that the Arctic holds an estimated 13 per cent (90 billion barrels) of the world’s undiscovered conventional oil resources and 30 per cent of its undiscovered conventional natural gas resources. The EIA has estimated that the Arctic may hold most of the world’s remaining untapped oil and gas reserves.

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U.S. hurting itself, not Canadian uranium producers, with tariffs on energy – by Michael Joel-Hansen (Saskatoon Star-Phoenix – February 12, 2025)

https://thestarphoenix.com/

Canadian producers are in a good position to handle the tariffs, expert says

United States President Donald Trump is only biting the hand that feeds his country’s nuclear power system if he follows through on his threat to impose a 10 per cent tariff on uranium and other energy-related imports.

Devan Mescall, a professor at the University of Saskatchewan’s Edwards School of Business, said the uranium industry is better positioned to deal with tariffs in the short term than other industries, in part because there are no available alternatives.

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Mining industry warns critical minerals stockpiles useless without processing plants – by Darius Snieckus (National Observer – February 13, 2025)

https://www.nationalobserver.com/

Government-backed strategic reserves of lithium, nickel, copper and other minerals and metals seen as key to Canada’s national security and its energy transition would be a non-starter without a cross-country network of processing facilities, mining sector executives said Tuesday.

Calls for an emergency stockpile of 34 critical minerals in Canada have grown in recent weeks as a way to reduce investment risk for mine developers and leverage against U.S. President Donald Trump’s threat to annex the country for its wealth of natural resources.

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Uranium ban repeal in Greenland could revive massive rare earth project, licence holder says – by Jacob Gronholt-Pedersen (Reuters – February 11, 2025)

https://www.reuters.com/

NUUK, Greenland – The mining company that owns the licence to Greenland’s Kvanefjeld deposit is hopeful that a new government will repeal a ban on uranium mining after next month’s election, potentially rejuvenating one of the world’s largest rare earth projects.

U.S President Donald Trump last month voiced renewed interest in acquiring the strategically important Arctic island. In response to Trump’s comments, CEO Daniel Mamadou of Kvanefjeld licence holder Energy Transition Minerals said: “I think it certainly puts everything related to minerals back on the map.”

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Barrick CEO says he has ‘no doubt’ gold miner will resolve conflict in Mali – by Jordan Fleguel (Bloomberg News – February 12, 2025)

https://www.bnnbloomberg.ca/

The head of Barrick Gold Corp. says he’s confident that a resolution will be reached between his company and the Malian government, currently embroiled in a dispute over revenue distribution from one of the largest gold mines in Africa.

In an interview with BNN Bloomberg on Wednesday, Barrick’s CEO Mark Bristow said despite recent reports that talks between the company and Malian authorities had broken down, both sides continue to communicate with the aim of reaching an agreement.

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Almost half of my generation wants Canada to join the U.S. Here’s why – by Élie Cantin-Nantel (The Hub – February 13, 2025)

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In recent weeks, U.S. President Donald Trump has repeatedly called for Canada to become America’s 51st state. The proposition, understandably controversial and borderline farcical, has been overwhelmingly rejected by the vast majority of Canadians—with one exception: younger Canadians. That includes Gen Z Canadians and younger Millennials.

A recent Ipsos poll found that 43 percent of Canadians aged 18 to 34 would vote to become American if they were guaranteed U.S. citizenship and that their assets would be converted to USD. Just 33 percent of those aged 34 to 54 and 17 percent of those 55 and older said the same.

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In Saguenay, Canada’s aluminum valley, anxiety over planned U.S. tariffs is palpable – by Frédérik-Xavier D. Plante (Globe and Mail – February 12, 2025)

https://www.theglobeandmail.com/

Jean-Marc Crevier, a municipal councillor in Saguenay, Que., can feel his constituents’ anxiety. Mr. Crevier’s district encompasses Rio Tinto’s sprawling, century-old Arvida aluminum smelter. It is one of four such facilities – in addition to one refinery – in the Saguenay–Lac-Saint-Jean region, which produces a third of all Canadian aluminum thanks to abundant, cheap hydroelectric power.

In Saguenay, U.S. President Donald Trump’s plan to impose 25-per-cent tariffs on all steel and aluminum imports, starting on March 12, is the talk of the town. “When I go to the grocery store, I take almost twice the time just talking with my people,” Mr. Crevier said in an interview. “Everyone talks about it.”

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Trump slaps 25% tariffs on steel and aluminum imports ‘without exceptions’ – by Darren Major and Catharine Tunney (CBC News Politics – February 10, 2025)

https://www.cbc.ca/news/politics/

President said ‘I don’t mind,’ when asked about countries retaliating

U.S. President Donald Trump followed through on recent threats Monday evening and signed orders imposing 25 per cent tariffs on all steel and aluminum imports — including from Canada.

The tariffs are scheduled to take effect March 12. This guarantees a frantic few weeks as Canada and other countries scramble to be exempted from a series of trade penalties threatened by Trump — including the economy-wide tariffs he has paused but is still threatening to reimpose across North America.

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Trump promises 25% tariffs on steel and aluminum imports — including from Canada – by Benjamin Lopez Steven (CBC News Politics – February 09, 2025)

https://www.cbc.ca/news/politics/

Ontario, Quebec premiers criticize U.S. president for creating economic uncertainty

U.S. President Donald Trump said he will announce on Monday that the United States will impose 25 per cent tariffs on all steel and aluminum imports, including from Canada and Mexico — a move that prompted sharp criticism from some provincial premiers.

“Any steel coming into the United States is going to have a 25 per cent tariff,” he told reporters Sunday on Air Force One as he flew from Florida to New Orleans to attend the Super Bowl. When asked about aluminum, he responded, “aluminum, too” will be subject to the trade penalties.

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Copper price to remain elevated due to increasing demand for electricity and supply challenges – by Richard (Rick) Mills (Kitco News Opinion – February 10, 2025)

https://www.kitco.com/

“As we look towards 2050, we foresee global copper demand increasing by 70% to reach 50 million tonnes annually. This will be driven by copper’s role in both current and emerging technologies, as well as the world’s decarbonization goals,” says BHP’s chief commercial officer Rag Udd.

The largest mining company in the world expects that by 2050 the energy transition sector will represent 23% of copper demand compared to the current 7%. The digital sector including data centers, 5G and AI is projected to rise from 1% today to 6%. Transportation’s share of copper demand is expected to climb from about 11% in 2021 to 20% by 2040, thanks to the EV rollout.

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Trump Orders Treasury Secretary to Stop Minting Pennies – by Yan Zhuang and Erica L. Green (New York Times – February 10, 2025)

https://www.nytimes.com/

Can he do that? It’s not clear. But President Trump is right when he says that pennies “literally cost us more than 2 cents.”

Since taking office, President Trump has set his sights on big targets, like Greenland. But he has also taken aim at small ones, like paper straws. And pennies. On Sunday night, Mr. Trump said he had ordered the Treasury secretary, Scott Bessent, to stop producing new pennies, a move that he said would help reduce unnecessary government spending.

“Let’s rip the waste out of our great nations budget, even if it’s a penny at a time,” he said in a post on Truth Social, adding that pennies “literally cost us more than 2 cents.” It is unclear whether Mr. Trump has the power to do this. It is Congress, not the Treasury or the Federal Reserve, that authorizes the manufacture of the nation’s coins, according to the U.S. Mint.

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B.C.-made critical mineral could be used as a ‘reactive weapon’ in trade war – by Stefan Labbé (Business In Vancouver – February 7, 2025)

https://www.biv.com/

Most Canadians oppose U.S. companies taking greater control over the country’s natural resource projects — a level of defiance found to be strongest in British Columbia, according to a new poll.

Holding back a critical mineral processed in B.C. and critical to high-tech industries could be used as an “reactive weapon” in a trade war with the United States.

That’s according to John Steen, director of the University of British Columbia’s Bradshaw Research Initiative in Minerals and Mining, who pointed to the province’s production of germanium. The critical mineral is increasingly used in electronics and solar technology, fibre optics, and infrared optics used regularly by militaries to see at night.

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