How a massive outbreak at Nunavut’s Baffinland mine sent ‘sparks’ of the Delta variant across the country – by Jennifer Yang (Our Windsor.com – June 12, 2021)

https://www.ourwindsor.ca/

On May 2, the Baffinland mine in Nunavut made a troubling announcement: For the first time in the pandemic, COVID-19 was spreading inside its remote northern work camp. What the press release did not say is that at least one worker had tested positive for Delta, a highly transmissible variant never seen before in the territory.

The mine suspended operations, and workers that the company’s contact tracers deemed “low risk” started flying home. But soon after, some of those employees began testing positive — and Nunavut health officials realized the virus had spread further than initially believed.

Today, Baffinland’s Mary River mine is the site of one of Canada’s largest-known outbreaks of Delta, the variant of concern that first emerged in India and is 50 per cent more transmissible than the Alpha variant that fuelled Canada’s third wave.

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Yet another nail in the coffin of Canada’s energy industry – by Lorne Gunter (Toronto Sun – June 12, 2021)

https://torontosun.com/

Coal produces “unacceptable environmental effects.” Plastic is “toxic.” The oilsands should be “phased out” and pipelines aren’t worth fighting for (except, of course, for the ones that bring gasoline, propane and other fuels to Ontario and Quebec right before a federal election).

With an announcement Friday that Ottawa was effectively proclaiming federal jurisdiction over all thermal coal-mining projects, so the feds could protect fish and Indigenous people, the Trudeau government has hammered yet another nail in the coffin of Canada’s energy industry.

Just how do the federal Liberals propose to fund their Great Reset without the revenues from Canada’s resource industries, let alone heat and light every home in the country, fuel every truck that delivers food to grocery stores, and power greenhouses, factories and public transit?

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Andrew Forrest’s $100b Congo power play – by Brad Thompson (Australian Financial Review – June 13, 2021)

https://www.afr.com/

“Fortescue will not work with those who intend to ship in thousands of workers
and ship them out once the project is completed,” he said. “We intend to upskill
the economies that we enter.”

Fortescue Metals Group chairman Andrew Forrest has secured the inside running on developing the world’s largest hydro power project – which alone carries a $US80 billion ($103.8 billion) price tag – and associated port, green hydrogen and green ammonia capability in the troubled Democratic Republic of Congo.

Dr Forrest said Fortescue’s green energy and green hydrogen projects in Africa were not confined to the DRC and included projects in Kenya and Ethiopia, with investors and financiers already indicating a willingness to commit more than $US100 billion.

He put Fortescue’s weight behind the Grand Inga dam project on the Congo on Sunday as part of his ambition to diversify the iron ore miner into a global force in green energy and green hydrogen.

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With Wyloo on their heels, Noront CEO focuses on a ‘green’ metal future with Ring of Fire deposits – by Ian Ross (Northern Ontario Business – June 11, 2021)

https://www.northernontariobusiness.com/

Alan Coutts floats concept of downstream nickel processing plant for the electric vehicle battery market

Even the spectre of Wyloo Metals’ takeover bid hanging over his head didn’t deter Noront Resources CEO Alan Coutts from talking like the future mining kingpin of the Ring of Fire.

In his June 9 webcall to investors for Noront’s annual regional meeting, Coutts addressed the Australian elephant in the room by methodically walking shareholders through the process of digesting Wyloo’s unsolicited $133-million bid to acquire the Toronto junior miner before delving into his company’s ambitious plans for 2021 and beyond.

Wyloo came aboard last December as Noront’s biggest shareholder at 23 per cent before announcing its intention to make an all-out bid to pick up all the common shares of Noront it does not currently own.

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An Australian iron ore company is shifting to green energy, and Labrador is in its sights – by Rob Antle (CBC News Newfoundland-Labrador – June 11, 2021)

https://www.cbc.ca/news/canada/newfoundland-labrador/

Fortescue has ambitious plans to become carbon-neutral through renewable and hydrogen projects

It may seem like an incongruous initiative: a major Australian company built on iron ore, sending top officials on an around-the-world hunt for green energy opportunities.

They have visited nearly 50 countries, in the midst of a roiling global pandemic. The aim? To lead the global energy transition away from carbon to greener options.

The company has already signed a number of deals to do feasibility studies in other countries, including Brazil, Indonesia and Afghanistan. And that company from Down Under is now eyeing potential opportunities in Labrador.

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Enviro programs should be added, not cut – by David Farrow (Sudbury Star – June 10, 2021)

https://www.thesudburystar.com/

David Farrow is the Ontario Liberal Party candidate for Sudbury in next year’s provincial election.

During my first trip to Sudbury in 1985, I remember the area looking barren with little to no vegetation. It was a shock to someone who was a first-time visitor to the city.

Thankfully, local leaders have taken steps since then to restore the landscape and beautify our community, producing world-class results, in no small part due to the excellent environmental research and teaching at Laurentian University. It made the business hub of Northern Ontario a better place to live.

Shockingly, Laurentian’s School of the Environment and environmental programming, so important to the fabric of our city, have been gutted by the recent Companies’ Creditors Arrangement Act proceedings, alongside other vital areas of study. This is a mistake, one that will have consequences in the years to come.

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The Ring of Fire road is a ‘game-changing’ project to these realtors – by Staff (Northern Ontario Business – June 8, 2021)

https://www.northernontariobusiness.com/

Far North route, better rural connectivity makes Ontario Real Estate Association’s top infrastructure to-do list

The Ring of Fire and its would-be road made the Ontario Real Estate Association’s (OREA) Top 10 list of “game-changing” infrastructure projects in the province.

A Strategic Transportation Link to Ontario’s Ring of Fire ranked eighth behind a raft of transit and rail projects in the Greater Toronto Area, eastern and southwestern Ontario.

OREA called the Far North exploration camp, Canada’s “largest known source of untapped mineral wealth,” but it faces huge logistical challenge to reach the stranded nickel, chromite and base metal deposits due to the area’s remoteness.

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Diamond versus diamond – by Carolyn Gruske (CIM Magazine – June 08, 2021)

https://magazine.cim.org/en/

Even though man-made diamonds have the potential to satisfy our appetite for sparkle, they may never rock the mined-diamond industry

It was just a single word, but by deleting one adjective from a federal guideline, a U.S. government agency redefined an elemental form and forced a North American retail industry – and its customers – to come to a new understanding of one of its oldest and most traditional products, diamonds.

That change created even more uncertainty for a segment of the mining industry that is already prone to cyclical highs and lows. The deleted word was “natural.”

Prior to the change in 2018, the Federal Trade Commission’s (FTC) Jewelry Guides – which the agency produces to help structure the market for precious metal, pewter, diamond, gemstone and pearl products – described diamonds as “natural stones that are formed of pure carbon crystallized in the isometric system, as long as they have been symmetrically fashioned with at least 17 polished facets.

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Sky-High Coal Prices Won’t Spur New Mines in a Greener World – by Dan Murtaugh, Will Wade, and Eko Listiyorini (Bloomberg News – June 9, 2021)

https://www.bloomberg.com/

The highest coal prices in years aren’t enough to spur investment in new mines in the face of heightened efforts by governments and financial institutions to get the world to abandon the dirtiest fossil fuel.

Prices are surging from China to Europe as demand for coal rebounds from a virus-induced hit, and temporary mine outages curtail supply. Yet companies remain hesitant to invest in new projects with financing difficult to come by and question marks over long-term demand.

That’s a boon for miners’ bottom lines but goes against the grain of the typical commodity cycle, where high prices are a signal to increase production and eventually bring the market back into balance. The disruption to normal dynamics underscores how broader environmental goals are changing investment patterns for fossil fuels.

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Serbia may decide fate of Rio Tinto’s lithium project in referendum – by Cecilia Jamasmie (Mining.com – June 7, 2021)

https://www.mining.com/

Serbia’s President, Aleksandar Vucic, may seek voter approval for Rio Tinto’s Jadar lithium project near the city of Loznica, in western Serbia, as community opposition grows.

Speaking on local TV on Monday, Vucic said the government fully supports the project, which could become Serbia’s second largest export earner once developed. He also said his administration won’t let it happen if it doesn’t get the people’s approval first.

Jadar has been facing local opposition due to heritage issues. Its footprint covers the area around Paulje, a Bronze Age archaeological site, as well as several classified natural monuments.

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Copper Is The New Gold For U.S. Ammo Makers And The Chinese Companies They’re Competing With For Scarce Supplies – by Aaron Smith (Forbes Magazine – June 10, 2021)

https://www.forbes.com/

U.S. ammunition makers are competing with Chinese companies for copper, a metal that is essential for building construction and the manufacture of electronics.

Gun sales are continuing to accelerate to record heights during the coronavirus pandemic, as Americans arm themselves for self-protection against an increasingly scary world with civil unrest and rising crime. Guns need ammunition, and making it requires raw materials like gunpowder, brass for the shells and copper for the bullets.

“Copper is very big for us,” said Vista Outdoor Chief Executive Officer Chris Metz in a recent interview. Copper is part of a soft zinc alloy that jackets the lead bullet to protect the inside of the gun barrel when firing. But copper is also an important ingredient in keeping the lights on around the world, and in running our computers and phones.

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Coal expected to remain dominant source of power in the coming decade – Fitch Solutions – by Simone Liedtke (MiningWeekly.com – June 10, 2021)

https://www.miningweekly.com/

Coal is expected to remain the dominant source of power for most of Southeast Asia and Australia in the coming decade, at least, and Fitch Solutions Country Risk and Industry Research says that will support the mining of coal and coal trade in the region.

Coal currently remains the most practical means to stimulate affordable electricity generation growth at the pace and scale needed to support continued economic growth in the region.

Nevertheless, the research agency notes that stricter environmental standards in Asia will continue to hurt coal miners by increasing compliance costs and delaying project development.

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Copper Riches Are in Cross-Hairs of Chile Presidential Hopeful – by Valentina Fuentes and Eduardo Thomson (Bloomberg News – June 10, 2021)

https://www.bnnbloomberg.ca/

(Bloomberg) — The man who early polling suggests will be Chile’s next president plans to raise mining taxes in coordination with neighboring nations and take equity stakes in copper mines in a bid to retain more mineral wealth.

Daniel Jadue, the current front-runner in polls for November’s elections in Chile, wants to align mining rules with Peru, Argentina and Bolivia so they don’t compete for investments, he said in an interview Wednesday.

Like Indonesia has done, he also plans to renegotiate with foreign companies to take stakes in their assets in what would be the industry’s biggest disruption since U.S.-owned mines were nationalized to form Codelco in the 1970s.

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Food is the new oil, even if most of the world — including Canada — hasn’t realized it yet – by Kevin Carmichael (Financial Post – June 9, 2021)

https://financialpost.com/

Canada could yet breed a stable of unicorns that shows the wild success of Shopify Inc. isn’t a fluke, but a smart bettor wouldn’t put money on it. There’s too much risk, history argues against it and the landscape is already dominated by better players.

It would be like a wager on the Toronto Maple Leafs getting past the first round of the Stanley Cup playoffs (smirk). But if not in digital technology, where might Canada make a mark in a post-pandemic world full of angst over the climate and the ability of the United States and China to get along?

Answer: Food. Artificial intelligence gets all the press, but agriculture holds more promise, since it is perhaps the one industry in which Canada will have obvious comparative advantages in the future.

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Yukon government, creditor take disputes over Wolverine mine to Supreme Court of Canada – by Jackie Hong (CBC News North – June 7, 2021)

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

The Yukon government and a biotech company that loaned money to the now-bankrupt owner of the Wolverine mine have taken their disputes over who gets what’s left of the mine’s assets to the country’s highest court.

The territorial government, represented by the minister of energy, mines and resources, as well as Welichem Research General Partnership filed separate notices of application for leave to appeal to the Supreme Court of Canada on May 4.

The files were opened on May 27, although the Supreme Court of Canada has yet to decide on whether it will actually hear either case.

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