Transparency Act brings miners new reporting duties
It will soon be mandatory for Canadian mining and oil and gas companies to report payments to foreign and domestic governments — including, eventually, First Nations governments in Canada.
Regulatory Issues
Commentary: What miners need to know about Canada’s new payment reporting law
On Oct. 23, 2014, the Government of Canada introduced its long-awaited legislation to mandate disclosure of public payments made by mining and oil & gas companies for the commercial development of oil, gas and minerals. The Extractive…
Uranium stocks jump on Japanese nuclear restart news
Uranium prices and uranium stocks spiked in early November after politicians in Japan’s Kagoshima Prefecture, including governor Yuichiro Ito, approved two nuclear reactor restarts in the country.
NRC program aims to realize ‘full potential’ of Canada’s Arctic
VANCOUVER — Natural resource development in Canada can come with unique challenges owing to isolated locales and frigid weather. But the federal government is hoping it can make life a bit easier for miners and other parties involved…
Burkina Faso’s political turmoil rocks gold juniors
VANCOUVER — Burkina Faso has earned its reputation as a relatively stable jurisdiction for mining companies, but social conditions in Africa can change quickly. On Oct. 31 former president Blaise Compaoré stepped down after tens of…
Gold Reserve wins US$740M in ‘stunning victory’ against Venezuela
It’s taken six years and over US$20 million in legal costs, but Gold Reserve (TSX: GRZ; US-OTC: GDRZF) has won US$740.3 million in compensation for the expropriation of its Brisas gold project by the Venezuelan government. It’s one…
Commentary: Plan Nord 2.0 and the creation of Socit du Plan Nord
On Sept. 30, 2014, the Quebec government, through its Minister of Energy and Natural Resources and Minister responsible for the Northern Plan, Pierre Arcand, tabled Bill 11, entitled the Act respecting the Société du Plan Nord.
Chilean court suspends El Morro project, again
Goldcorp (TSX: G; NYSE: GG) and New Gold (TSX: NGD; NYSE-MKT: NGD) are having an unlucky streak at their El Morro gold-copper project in northern Chile, where local officials have temporarily suspended development for the third time in three…
Commentary: Plan Nord+ – Fresh breezes from the Belle Province
Having just recently attended the Precious Metals Summit in Beaver Creek, Colo., and the Denver Gold Show, I was pleased to see that even with dampened enthusiasm on the show floors due to the downward-trending price of gold, there was plenty…
Work on Oyu Tolgoi underground to resume in Q1
Turquoise Hill Resources (TSX: TRQ; NYSE: TRQ) and the Mongolian government have resolved several issues that have held up the underground expansion of the Oyu Tolgoi copper-gold mine in the country.
Capstone tweaks Minto’s mine plan after permit delay
Capstone Mining (TSX: CS; US-OTC: CSFFF) is modifying the mine plan at its Minto copper-gold-silver mine in the Yukon, after announcing that it had not received its amended water-use licence from the Yukon Water Board to pre-strip the…
Ontario gov’t wants improved underground mine safety
VANCOUVER — Back in December Ontario’s Ministry of Labour commissioned a review of health, safety and prevention issues in underground mining in the province.