Wealthiest nations offer Indonesia $20B to wean it off coal
Rich nations led by the U.S. and Japan have pledged to give Indonesia a US$20-billion package to help the coal-dependent country shift to renewable energy and reach carbon neutrality by…
Regulatory Issues
Panama sets Dec 14 deadline for First Quantum to ink mine contract
The government of Panama set on Monday a deadline for Canada’s First Quantum Minerals (TSX: FM) to ink a long-awaited contract that allows the company to keep running its flagship…
Salazar, Adventus reach deal for US$270M Ecuador copper-gold project
Adventus Mining (TSXV: ADZN) and Salazar Resources (TSXV: SRL) are set to ink a final a foreign direct investment agreement with Ecuador’s government for their El Domo copper and gold…
SolGold CEO leaves after less than a year in the top job
Ecuador-focused SolGold (TSX: SOLG; LSE: SOLG) said on Thursday its chief executive and managing director, Darryl Cuzzubbo, had left the company effective immediately, after less than a year in the top…
Triple Flag to buy Maverix Metals creating fourth largest streaming and royalty firm
Canada’s Triple Flag Precious Metals (TSX: TFPM) is buying smaller peer Maverix Metals (TSX: MMX) in a deal valued at $606 million, which would consolidate it as the world’s fourth-largest senior streaming and…
Rio Tinto’s takeover of Turquoise Hill indefinitely on hold as Quebec regulator steps in
Canada’s Turquoise Hill Resources (TSX: TQR) is indefinitely postponing a shareholders vote on the proposed US$3.3-billion takeover of the company by Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) as…
Agnico Eagle, Pan American to buy Yamana Gold in US$4.8B deal
Agnico Eagle Mines (TSX: AEM; NYSE: AEM) and Pan American Silver (TSX: PAAS; NASDAQ: PAAS) are buying fellow Canadian miner Yamana Gold (TSX: YRI; NYSE: AUY; LSE: AUY) in a…
Industry groups welcome $10B in Ottawa’s budget update
Canada’s major mining industry group and a green energy think tank are welcoming nearly $10 billion spread over tax credits for clean technology, mining project approval improvements, innovation research and…
Ontario Mines Minister Pirie targets red tape for Ring of Fire
Ontario Mines Minister George Pirie, a 35-year mining industry veteran before his election in June, says he plans to consider cutting project red tape “fairly shortly” while encouraging more federal…
Ottawa forces Chinese divestments in critical minerals companies
The federal government has been getting tough with some Chinese companies, forcing some foreign owners of Canadian critical mineral projects to divest their holdings in the name of national security. On…
As Ontario joins clean energy talks, federal minister Wilkinson looks to streamline project approvals
Ontario has joined a country-wide consultation process to hammer out energy and mining strategies for transitioning to clean power using critical minerals, Canada’s natural resources minister said on Tuesday. The…
The View from England: Sending the right signals
The world’s first, and still largest, broadcaster is 100 years old. The British Broadcasting Company (BBC) was formed on Oct. 18, 1922, by a group of leading wireless manufacturers, including…