Ecuador court issues setback for US$3B copper project
Licence has not been revoked, which means there’s still a chance for the Llurimagua project to become Ecuador’s next big copper mine.
Politics
South Africa votes 30 years after Mandela’s victory but mining challenges persist
South Africa goes to the polls on May 29 after three decades of democracy but even a transformed mining sector faces persistent challenges, the industry says. South Africa has produced…
Honda invests $15 billion in Ontario auto plants
Honda Motor is spending about $15 billion in Ontario to build four new vehicle and battery plants, the company and Prime Minister Justin Trudeau said on Thursday. Honda is to…
GoviEx plunges as Niger uranium project faces deadline
GoviEx Uranium (TSXV: GXU; US-OTC: GVXXF) says it’s discussing with Niger’s military leaders how to avoid losing its Madaouela project licence if it fails to start the mine by July 3. The…
Federal budget backs Indigenous mine projects with $5B while hiking capital gains tax for investors
Canada’s new federal budget contained several measures impacting the mining industry including loan guarantees for Indigenous projects, increases in the capital gains tax and credits from mines to manufacturing for…
Russian mercenary Wagner theatens to control Barrick’s Loulo-Gounkoto gold mine in Mali, reports say
According to The Globe and Mail, there are reports suggesting that the regime may be aiming to expropriate the mining complex.
Orla Mining threatens arbitration in Panama
Canada’s Orla Mining (TSX: OLA; NYSE: ORLA) may take Panama to an arbitration court following the government’s rejection of a permit extension for the three mining concessions in the Cerro…
Ontario program funds Aussie lithium explorer Pioneer
The Ontario government is helping fund Australia-listed Pioneer Lithium (ASX: PLN) for its Root Lake project in the province’s northwest. The Ontario Junior Exploration Program, which pays up to half…
First Quantum warns of dangers of long-term concentrate storage at Cobre Panama
First Quantum Minerals (TSX: FM) subsidiary in Panama is warning of the dangers posed by the long-term storage of copper concentrate at the disputed Cobre Panamá mine. According to the…
Proponents see northern Ontario’s Ring of Fire opposition melting like ice roads
Construction timelines remain fuzzy but proponents are still optimistic two and half years into studying roads to serve the Ring of Fire critical minerals region in northern Ontario. Three all-season…
Ottawa to back Indigenous groups buying project equity
The federal government is to start an Indigenous loan guarantee program in this year’s budget due April 16, according to a senior official at the Natural Resources Ministry. The program…
Canada extends exploration tax credit
The federal government is extending its 15% mineral exploration tax credit for investors in flow-through shares for another year. The extension, expected to provide $65 million in support for exploration,…