Wyloo Metals Canada says its parent company’s decision to close operations in Western Australia and develop nickel assets in Ontario’s Ring of Fire, despite a 45% drop in nickel prices, helps meet its sustainability goals.
Wyloo Canada CEO Kristan Straub emphasizes Wyloo’s long-term investment plan aligns with the world’s need for nickel, which is crucial for decarbonization.
“When we’re unable to exploit a resource sustainably and cost-effectively, the best approach is to leave the resource in the ground until we can return to it at a future time under more favourable conditions,” he said in a conversation with The Northern Miner’s western editor, Henry Lazenby, at the Prospectors and Developers Association of Canada’s annual convention in Toronto.
Straub also addressed the intricacies of working within Canada’s regulatory environment and the essential partnerships with First Nations communities, stressing the importance of sustainable and responsible mining. He called for a faster permitting process to ease the transition from discovery to production, highlighting the stark contrast in timelines between Canada and other countries like Australia.
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