Twitter

New bans on Russian metals mean China will buy low and sell high to supply the U.S., Europe, and UK – by Ernest Hoffman (Kitco News – April 19, 2024)

https://www.kitco.com/

(Kitco News) – Last Friday at midnight, the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME) enacted the most comprehensive limitation on Russian exports to date: a ban on all Russian metal produced after April 12. The move was made to bring the LME into compliance with the latest U.S. and U.K. sanctions imposed following Russia’s invasion of Ukraine.

The goal is to prevent Russia from being able to profit from the export of metal produced by companies such as Rusal (aluminum) and Nornickel (nickel) which help the country fund its ongoing military operations in Ukraine.

Read more

Nickel resources grow at Timmins exploration site – by Ian Ross (Northern Ontario Business – April 19, 2024)

https://www.northernontariobusiness.com/

Aston Minerals endowed with both gold and nickel deposits at its Edleston Project

A promising new nickel sulphide project in the Timmins area is growing in size and tonnage. Aston Minerals has released a new mineral estimate of its two deposits at its Edleston Project, showing a 44 per cent bump in the indicated nickel and cobalt resource over last year’s calculation.

The Australian company is carrying out technical work to determine if its leading Bardwell deposit can be economically mined. Edleston, situated 60 kilometres south of Timmins, is similar to Canada Nickel’s Crawford Project, north of the city, in that it’s a huge tonnage but low-grade ore property.

Read more

‘Stunning reversal’: Nuclear power has gone from pariah to saviour and Canada could reap the benefits – by Joe O’Connor (Financial Post – April 18, 2024)

https://financialpost.com/

Canada’s top uranium producer, used to being overlooked at global climate forums, got front-row billing last year in Dubai. But will this nuclear renaissance stick?

Tim Gitzel was accustomed to being overlooked by the organizers of the United Nations’ annual climate change conference, a.k.a. COP. The meeting attracts a who’s who of the decarbonize-by-2050-or-else crowd to a different city each year, and they bat around big ideas, make lofty pronouncements, set emissions targets and try to hammer out a framework to achieve them.

But Gitzel was never invited to join in the fun. The longtime chief executive of Cameco Corp., the Saskatoon-based mining giant that supplies about 20 per cent of the uranium used to fuel zero-emissions nuclear reactors worldwide, joked that the only way he could get close to COP was to sit in the “McDonald’s across the street” from the meeting. “Nobody wanted to talk to us,” he said. “Nuclear just wasn’t on the agenda.”

Read more

Gemfields sapphire miners relieved as Queensland government halts small-scale mining claim reforms – by Jasmine Hines (Australian Broadcasting Corporation – April 18, 2024)

https://www.abc.net.au/

When Amber Betteridge moved her family to Queensland’s Gemfields to hunt for sapphires, she never imagined she’d become locked in a “David versus Goliath” fight against the Queensland government.

Soon after she arrived, the state government put forward a proposal to limit small-scale mining claim tenures to 15 years to crack down on people living on claims without mining them. It was a nightmare for Ms Betteridge, who wanted certainty for her young family.

Read more

Indonesia’s grand ambition to become an EV leader rests on nickel mining boom – by Yvonne Lau (Canada’s National Observer – April 19, 2024)

https://www.nationalobserver.com/

The Kawasi people of Indonesia’s Obi Islands have long fished for tuna, red snapper and grouper, and grown coconut, cashew and clove trees. But some village residents say their land and water have been destroyed and the quality of life has plummeted in the years since Harita Nickel, the $5-billion arm of Indonesian conglomerate Harita Group, started mining, refining and processing nickel in their backyard.

“We lost our plantation land to grow crops for our survival and future generations. We lost the right to express our opinions. The water has become cloudy, with white foam coming out of the pipes. We see that the fish are dying. Residents are now being monitored for skin diseases, coughing and sore eyes,” according to 36-year-old Nurhayati Jumadi, a mother of two and lifelong resident of Kawasi village with about 4,500 people.

Read more

Hundreds attended nuclear event in Ignace – by Mike Stimpson (NWO Newswatch – April 15, 2024)

https://www.nwonewswatch.com/

“Words alone cannot explain the excitement and joy we had as a township to host one of the most important nuclear learning events that this community has ever witnessed.”

IGNACE — More than 500 people checked out the Northwest Nuclear Exploration Event last Friday and Saturday at the Ignace Recreation Centre, according to the township. “Words alone cannot explain the excitement and joy we had as a township to host one of the most important nuclear learning events that this community has ever witnessed,” Mayor Kim Baigrie said in a news release.

Giving thanks to all who made the event a success, she made particular mention of Daila Delescaille and Andi Davenport for their Saturday afternoon presentation as Ignace “youth representatives.”

Read more

Gold prices keep smashing records giving miners hope they can escape the doldrums – by Gabriel Friedman (Financial Post – April 19, 2024)

https://financialpost.com/

Stocks of the world’s largest miners have yet to catch the wave from bullion’s rise

The price of gold is smashing records on a near daily basis, yet that somehow hasn’t translated into higher profits for gold miners — at least not yet. Analysts and portfolio managers who cover gold miners say that after years of underperforming the price of bullion, the sector is finally turning a corner.

They have some evidence to support their optimism. The VanEck Gold Miners ETF, made up of the world’s largest gold miners, rose 10.5 per cent in the past month to US$33.17, roughly in line with the increase in the price of the precious metal to US$2,388 per ounce.

Read more

Growing demand for minerals sparks Indigenous outcry over ‘business as usual’ mining practices – by Fabiano Maisonnave (Associated Press – April 18, 2024)

https://apnews.com/

BRASILIA, Brazil (AP) — Indigenous representatives from 35 countries issued a declaration Thursday criticizing the fact that they are too rarely consulted about mining that takes place on or near their lands, an issue that has become more acute with increased demand for minerals needed in the transition to a cleaner energy system.

“We recognize and support the need to end fossil fuel reliance and shift to renewable energy as critical in addressing the climate crisis,” the statement read. “However, the current trajectory of the energy transition fails to meet the criteria of justice, social equity, and environmental sustainability, particularly from the perspectives of Indigenous Peoples’ rights and well-being.”

Read more

‘Enough hot air, we want fresh air’: How a wildcat miners’ strike helped change Ontario labour law – by Jamie Bradburn (TVO Today – April 18, 2024)

https://www.tvo.org/

Fifty years ago, uranium miners in Elliot Lake hit the picket line, triggering a series of events that led to protections for all workers in the province

“Silicosis is an incurable lung disease that can lead to disability and death. Silicosis is the result of the body’s response to the presence of silica particles in the lung. Silica particles are very small in size and can reach deep into the lungs (into the alveoli), where they are removed by white blood cells.

Free crystalline silica causes the white blood cells to break open, which forms scar-like patches on the surface of the alveolus. When a large number of these “scars” form, the alveolar surfaces become less elastic. Over time, this damage reduces the transfer of gases, which can lead to shortness of breath.” — Canadian Centre for Occupational Health and Safety website

Read more

Biden vows to shield US steel industry by blocking Japanese merger and seeking new Chinese tariffs – by Chris Megerian and Will Weissert (Associated Press – April 16, 2024)

https://apnews.com/

PITTSBURGH (AP) — President Joe Biden suggested to cheering, unionized steelworkers on Wednesday that his administration would thwart the acquisition of U.S. Steel by a Japanese company, and he called for a tripling of tariffs on Chinese steel, seeking to use trade policy to win over working-class votes in the battleground state of Pennsylvania.

The Democratic president’s pitch comes as Donald Trump, his likely Republican opponent, tries to chart a path back to the White House with tough-on-China rhetoric and steep tariff proposals of his own.

Read more

Biden set to block Ambler mining road in Alaska wilderness – by Adam Federman (Politico.com – April 16, 2024)

https://www.politico.com/

The move to preserve the preserve the pristine wilderness has been sought by Alaskan tribes, but would keep the critical minerals in the region from being mined.

The Biden administration is preparing to reject a controversial road-building project needed to mine major copper and zinc deposits in the remote Alaska wilderness, a move sought by native tribes, but one that would keep critical minerals essential for the U.S. clean energy transition out of reach.

In a final environmental analysis due out later this week, the Interior Department is expected to issue a recommendation that would effectively kill the Ambler Road project in its current form, according to two people with knowledge on the decision who were granted anonymity because it was not yet public. A document explaining the administration’s stance is due 90 days after publication of the environmental impact statement.

Read more

Here’s how police cracked the case of what they say is the largest gold heist in Canadian history – by Omar Mosleh, Peter Edwards and Andy Takagi (Toronto Star – April 18, 2024)

https://www.thestar.com/

On Wednesday, Peel police and the U.S. Alcohol, Tobacco and Firearms Bureau provided details of the “carefully planned” heist at Pearson, which they believe was an inside job.

The five-tonne truck raised no alarm as it pulled into an Air Canada cargo hold exactly one year ago. It wasn’t long before police say it had made off with what they describe as the largest gold theft in Canadian history.

The gold — weighing more than 400 kilograms and valued at more than $20 million — was stolen the same night it had arrived at Pearson International Airport from Switzerland. Police traced it on a winding route through city streets and rural roads before it was eventually connected to an international arms trafficking ring.

Read more

[B.C. Mining] ‘To us, that border doesn’t exist’ – by Nathan Venderklippe (Globe and Mail – April 19, 2024)

https://www.theglobeandmail.com/

Alaska Indigenous groups want a say in B.C. mining projects they fear could hurt their livelihoods. A border stands in the way – but they hope a Canadian court ruling strengthens the case for ignoring it

Eulachon grease meets the tongue with a marine burn, a bracing tang extracted by fermenting great numbers of the smelt-like fish, then simmering and breaking them apart. The process liberates the fish’s oil, which historically formed a kind of currency among the Indigenous nations of the Pacific Northwest, who traded it as a valuable source of fat.

Today, those still able to find it in southeast Alaska apply it as a condiment to boiled potatoes, herring eggs or kajumps, a fish soup. “That’s real gold there,” Louie Wagner says, as he eyes a jar of the grease he keeps frozen, its contents a light tawny yellow. “Gold you can eat.”

Read more

Panama election unlikely to shift outlook for First Quantum’s copper mine – by Valentine Hilaire and Elida Moreno (Reuters – April 18, 2024)

https://www.reuters.com/

April 18 (Reuters) – Prospects are poor for First Quantum Minerals to recover its canceled concession for a lucrative copper mine after presidential elections in May, a Reuters review of the campaigns’ proposals and interviews with protest leaders show.

Protests against First Quantum’s concession demanding greater environmental guarantees and transparency in negotiations made authorities not only annul its contract to operate one of the world’s largest and newest copper mines but ban all new metal mining permits last year.

Read more

Avalon dives into the details of proposed Thunder Bay lithium refinery – by Ian Ross (Northern Ontario Business – April 12, 2024)

https://www.northernontariobusiness.com/

Toronto developer begins study of what a lithium conversion plant might look like

Avalon Advanced Materials has started a preliminary economic assessment (PEA) of its proposed Thunder Bay lithium refinery. The Toronto company said in a news release that DRA Americas, an internationally known engineering firm, is the lead consultant tasked with pulling the PEA together.

The PEA is part of a series of economic and technical analyses that will inform Avalon’s decision to construct the facility. Avalon secured $15 million from a New York fund manager in March to do the study.

Read more