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Opinion: Canada must put up or shut up on defence spending – by Konrad Yakabuski (Globe and Mail – November 30, 2024)

https://www.theglobeandmail.com/

Germany recently began updating its inventory of Second World War bunkers, and adding other underground sites to the list, as the threat of a foreign military attack moves from the realm of the improbable into that of the increasingly conceivable.

Sweden, which this year ended decades of neutrality to join NATO, is distributing a 32-page booklet to all households with updated, if sobering, instructions on what to do in the case of war. “Military threat levels are increasing,” the document warns. “We must be prepared for the worst-case scenario – an armed attack on Sweden.”

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New regulation aims to boost profitability of mine waste (Timmins Daily Press – November 2024)

https://www.timminspress.com/

Critic says scientific and technical support also needed to create inventory of potential sites

Ontario’s Ministry of Mines announced Thursday it is introducing a new regulation under the Mining Act that would make it easier to recover residual metals and minerals from mine waste that could be found at operating, closed or abandoned mine sites.

According to the ministry, there are hundreds of potential sites in Ontario that host tailings or rock waste which could be available for mineral recovery.

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Interview: Why diamonds may be a computer’s best friend – by David Szondy (New Atlas – November 30, 2024)

https://newatlas.com/

We recently sat down with Adam Khan of Diamond Quanta – the company that wants to replace the silicon chip with ones made from diamond. We discussed the reason for this glittering idea, the challenges it presents, and the implications of the technology.

The past half century has seen a fantastic evolution in electronics and computers thanks to the silicon chip. In line with Moore’s Law, the number of transistors on a single chip doubled roughly every two years with a commensurate rise in computer power and drop in prices. The result is our modern age of handheld supercomputers, increasingly common AI, the internet, and all the other things that make those of us who remember punch cards feel very old.

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The fight’s not over, say anti-nuclear First Nations – by Mike Stimpson (NWONewswatch/Northern Ontario Business – November 29, 2024)

https://www.northernontariobusiness.com/

Onigaming chief says he received many phone calls after the NWMO selection of Ignace-Wabigoon area as nuclear waste repository site

Onigaming First Nation Chief Jeff Copenace says his Ojibwe community has reacted with strong emotions to the Nuclear Waste Management Organization’s decision to build a nuclear waste facility in the Ignace-Wabigoon area of northwestern Ontario.

“My reaction is a little bit of anger, a little bit of sadness, but I’m not sure that I’m surprised,” Copenace said Nov. 28 just hours after the NWMO announced its selection of the Revell Lake site for its deep geological repository project.

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Poland becomes world’s biggest gold buyer as Russia-Ukraine war prompts safe-haven push in Eastern Europe – by Ernest Hoffman (Kitco News – November 29, 2024)

https://www.kitco.com/

(Kitco News) – With 100 tons in gold purchases in 2024, the central bank of Poland has become the number one sovereign buyer of the yellow metal. But the country is not alone, as the Russia-Ukraine war has forced the Czechs, Serbs, and Hungarians to also bolster their reserves.

While the focus for much of the year was on China’s massive central bank gold purchases – and then on their move to the sidelines as prices hit record highs – the nations of Eastern Europe have quietly emerged as the biggest buyers of the precious metal, and the biggest back stoppers of the gold rally.

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Lithium Argentina picks Switzerland as another China-backed junior flees Canada – by Blair McBride (Northern Miner – November 29, 2024)

https://www.northernminer.com/

Lithium Argentina is seeking to redomicile to Switzerland and change its name to Lithium Argentina AG following a corporate review and a new agreement with investor Ganfeng Lithium, the company said Friday.

The company decided Switzerland was the best jurisdiction on strategic, commercial and legal grounds, would provide expanded financing flexibility, and support its long-term growth plans. It also aims to move the Lithium Argentina group of companies’ operational headquarters to Buenos Aires.

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Mining continues to power Nunavut’s economy – by Darrell Greer (Nunavut News – November 29, 2024)

https://www.nunavutnews.com/

Rapid industry expansion has led to the territory being first in Canada in economic growth

Mining continues to play a pivotal role in Nunavut’s economy and that isn’t about to change anytime soon, according to Annie Cyr-Parent, director of minerals and petroleum resources for Nunavut’s Department of Economic Development and Transportation.

Cyr-Parent said a mixed economy is characterized by relatively large mining and public sectors, while other industries hold great potential for growth, such as fisheries, the arts and tourism.

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Ontario judge dismisses case alleging human rights abuses against Barrick at Tanzanian mine – by Nial McGee (Globe and Mail – November 27, 2024)

https://www.theglobeandmail.com/

An Ontario court has dismissed a pair of civil suits against Barrick Gold Corp. that alleged it was responsible for human-rights abuses at a Tanzanian mine, with the judge ruling that any such court action should be tried in Tanzania.

The plaintiffs are a group of Indigenous Kurya from villages around the mine who were injured in 2021 and 2022 when the Tanzanian police force allegedly shot at them, as well as family members of victims who were killed during this period allegedly by the police.

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Botswana to Set Up G7 Verification Node for Diamonds – by Joshua Freedman (Papaport Magazine – November 27, 2024)

https://rapaport.com/

Botswana will establish a certification point for rough diamonds entering Group of Seven (G7) countries next year, authorities announced Wednesday, with discussions underway for additional nodes in Namibia and Angola.

The development follows widespread opposition to a plan for Antwerp to be a “single node” through which all rough destined for G7 markets would pass to ensure it is not subject to Russian sanctions.

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Anglo shares rise amid renewed takeover speculation – by Staff (Mining.com – November 29, 2024)

https://www.mining.com/

BHP is free to relaunch a bid to acquire Anglo American (LON: AAL) starting Friday, as the six-month standstill mandated by London’s takeover rules following the withdrawal of a previous offer has expired.

Last month, BHP chair Ken MacKenzie stated at the company’s AGM that BHP had “moved on” from its bid for Anglo. However, BHP later clarified that MacKenzie’s comments were not intended as an official statement under UK takeover rules.

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Possible tariffs worry Canada uranium miners as they boost output to meet US demand – by Divya Rajagopal, Ernest Scheyder and Timothy Gardener (Reuters – November 28, 2024)

https://www.reuters.com/

Canada’s uranium miners, confident that only they can meet US demand for the element after Russian supply curbs, have accelerated output and forward contracts to supply US energy companies, but they are now worried about possible tariffs from US President-elect Donald Trump.

Shares of uranium companies rallied in Toronto and New York over the last two weeks on news that Russia was planning to restrict the sale of enriched uranium to the US. This week, Trump threatened to slap a 25% tariff on all goods from Canada and Mexico. This could inflate prices of the radioactive material unless uranium receives exemptions.

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Covering mining’s projects, people and sticky challenges over a two-decade career – by Alisha Hiyate (Northern Miner – November 27, 2024)

Global mining news

This will be my last editorial for The Northern Miner after 19 years here, and with its sister publications. In December, I’m off to start another adventure outside of mining. It’s unusual these days to spend nearly 20 years with one entity, so you might ask: what kept me here so long?

Well, there have been some perks. Travel, for one. My work has taken me to a remote exploration camp in the Argentinean Andes; to Canada’s Arctic, and flying by helicopter over craggy fjords on Baffin Island to reach a remote diamond project. I saw a project in Asia, where beer-loving German investors met their match when offered shot after shot of the Chinese spirit baijiu.

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Regulatory ‘overkill’ a barrier to new mines, CEO says – by Devon Tredinnick (NNSL.com – November 2024)

https://www.nnsl.com/

There’s plenty more gold buried near Yellowknife — whether any of it gets mined is still up in the air

Regulatory “overkill” surrounding mine remediation can guarantee two things: a mine is absolutely going to get remediated and, in the last few decades, no new gold mines have come on stream in the NWT, pointed out Dave Webb, president and CEO of 60 North Gold Mining.

And that’s despite gold climbing to more than $2,750 an ounce recently and Yellowknife having a long history of producing the precious metal.

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Panama agrees $26m payment to settle dispute with US miner – by Staff (Mining.com – November 26, 2024)

https://www.mining.com/

Panama has agreed to pay $26 million to settle a dispute with Dominion Mineral Corp. after losing an arbitration award in 2020 over the US mining company’s copper-gold exploration licences, according to La Estrella de Panamá.

The claim arose after the Panama refused to extend a mining exploration concession for the Cerro Chorcha project, held by Dominion’s local subsidiary Cuprum under a 2006 contract with Panama. The contract had an initial period of four years with the possibility of renewal for two additional 2-year terms.

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Crowsnest Pass voted for coal — other Alberta communities don’t all share the enthusiasm – by Joel Dryden (CBC News Calgary – November 26, 2024)

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

More than 70% of voters were in favour of Grassy Mountain mine

Crowsnest Pass residents voted decisively Monday in favour of bringing coal back, with more than 70 per cent of voters saying they’d support a nearby coal project. Though the vote is non-binding, Crowsnest Pass councillors say the vote in support will guide them in the months ahead as they lobby decision-makers to advance the proposed coking coal mine at Grassy Mountain.

“The Crowsnest Pass has made a decisive decision and as mayor and council we will take your position forward to the upper levels of government and through the regulatory process,” Crowsnest Pass Mayor Blair Painter told The Canadian Press late Monday.

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