Government funding now a plus not a burden, miners say
In the West’s efforts to catch up with China’s lead in critical minerals development, more companies are warming to government financing than in previous years when governments were regarded as…
Politics
Podcast: Thermal coal back in spotlight amid oil supply concerns, ft Bloomberg Intelligence’s Alon Olsha
This week’s episode features Alon Olsha, Senior Analyst for Metals & Mining at Bloomberg Intelligence, in conversation with host Adrian Pocobelli about recent developments in the thermal coal market. Olsha…
India tries ‘unusual move’ to stop gold buying as Iran war bites forex
Indian Prime Minister Narendra Modi has asked Indians to stop buying gold jewellery for a year in a bid to protect foreign-exchange reserves, a move that could ripple through global…
Blast from the Past: US deals blow to Canada over uranium contracts, Nov. 1959
Canada had become the world’s top uranium producer by 1958, with exports of the metal surpassing all others in value as Cold War demand surged. Boomtowns such as Elliot Lake,…
BC miners wary of First Nation court rulings
British Columbia’s mining industry says the province is gaining momentum on major projects, but warned that regulatory uncertainty linked to Indigenous rights court rulings and rising costs could jeopardize future…
Gold price drops from two-week high
Gold set a two-week high before noon Thursday on optimism over a U.S.-Iran peace deal before losing most of its gains late in the North American trading day. Spot gold…
Honda drops $15B Ont. EV plant: reports
Honda is indefinitely shelving its planned $15-billion (US$11-billion) electric-vehicle and battery complex in Ontario, a setback for Canada’s ambitions to build a domestic EV supply chain as demand cools and…
Gold price rebounds on US-Iran deal hopes
Gold bounced back on Wednesday to approach a two-week high, as optimism over a U.S.-Iran peace deal eased concerns over inflation and an extended period of high interest rates. Spot…
Dominican Republic halts GoldQuest gold-copper project after protests
Dominican Republic President Luis Abinader has ordered a suspension of all activity at GoldQuest Mining’s (TSX-V: CQC) Romero gold-copper project after mass protests over environmental risks Thousands of demonstrators marched…
Ottawa’s $6B skills push pits miners vs builders
Ottawa’s $6-billion (US$4.4-billion) push into skilled trades aims to ease a looming labour crunch, but it’s uncertain how much of the spending will reach mining – an industry already scrambling…
Pakistan separatists unravel Barrick’s Reko Diq plans
Militant attacks in Pakistan’s Balochistan province are emerging as a central risk to the U.S.-backed resources push anchored by Barrick Mining’s (TSX: ABX; NYSE: B) Reko Diq copper-gold project. The…
Ontario to axe early-stage red tape, Lecce says
Ontario is preparing legislation this year to slash red tape on early-stage projects as it shifts its minerals strategy towards defence metals and backs Toronto’s bid to host a Nato bank, Energy and Mining Minister…