The agreement between Falco and Glencore will establish a joint technical and strategic committee for the development of the Horne 5 deposit. Courtesy of Falco Resources.
Welcome to your weekly mining news recap, where we bring you up to date with some of the news you might have missed. This week we have stories about the effect of the ongoing strike at Vale in Sudbury on the nickel market, Cameco suspending Cigar Lake and how COVID-19 has changed mining education forever.
The COVID-19 pandemic continues to present serious challenges to the functioning of educational institutions, and mining education was no different. The move to virtual mining training has brought about many drastic changes in the way universities and colleges across Canada deliver their programs, and many of those changes could continue after the pandemic is over. Many of these changes are viewed as positive for the industry by some, as virtual learning will allow students and professionals to develop faster and more effectively to meet the market demands of a rapidly changing industry.
After a few difficult years, things are improving in the commodities market, with experts questioning whether we are entering a raw materials supercycle. Scotiabank senior economist Marc Desormeaux said this was due to the resurgent strength of the global economy as vaccination rates rise and fiscal stimulus plans in the United States and China are underway. On the supply side, potential shortages of copper and iron ore could push prices up, as President Biden’s vast infrastructure plans will require significant amounts of industrial materials.
Tent Mountain open-pit metallurgical coal mine will undergo a federal impact assessment, Radio-Canada reports. Canadian Environment and Climate Change Minister Johnathan Wilkinson said the mine, which Australian firm Montem Resources hopes to reopen and expand after 38 years of closure, could impact transboundary environments in Alberta and Colombia. -British, and could affect aboriginal rights under the 1982 Constitution Law. Another Montem coal project, Grassy Mountain, was recently denied permission to proceed by the Alberta Energy Regulator, but the company said it believed “a number of factors differentiate the two projects.
Falco Resources and Glencore have signed an agreement in principle for Falco to develop its Horne 5 gold-copper project near Rouyn-Noranda, Quebec, Canadian Mining Journal reports. The agreement outlines the terms of an operating license and an agreement to be finalized in the third quarter of 2021, including the creation of a joint technical and strategic committee to collaborate in the development of Horne 5. The agreement will allow to Falco to rehabilitate an existing well owned by Glencore. on a site where Falco holds mining rights below 200 meters and beyond the shaft, but where Glencore holds the mining concession.
The ongoing strike at Vale’s Sudbury facilities is straining the supply of nickel which is essential for the development of batteries for electric vehicles, Bloomberg reports. Sudbury is one of the only producers of nickel pellets, and manufacturers are turning to battery grade nickel briquettes in response to the disruption, resulting in a 25% increase in premiums on them. Adrian Gardner, senior analyst for nickel markets at research firm Wood Mackenzie, is not optimistic that the strike at Vale will be resolved quickly and expects the labor dispute to last for several months.
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On July 1, Cameco suspended mining at its Cigar Lake uranium mine in Saskatchewan as a precaution against a forest fire that is currently burning near the facility, Global S&P reports. Company is removing 230 non-essential workers from site, a decision made in consultation with Saskatchewan Public Safety Agency wildfire management officials, while 80 essential workers will remain to “keep the facility in a safe condition” .
Geological organizations from Canada, the United States and Australia have teamed up to launch an interactive map of deposits of rare earth elements and other critical minerals such as cobalt and lithium, Reuters reports. the online map contains over 7,000 mineral samples from over 60 countries and can be used by countries and companies as a tool to target future exploration areas.
Canada’s Minister of Innovation, Science and Industry François-Philippe Champagne has announced that Canada will invest $ 20 million in the ELYSIS limited partnership, a joint venture launched in 2018 by Alcoa and Rio Tinto. The investment will help the project to continue research and commercialize technology to reduce the carbon footprint of the Canadian aluminum smelting industry.
Pyrite, or “fool’s gold,” has had a bad reputation for ages, although it contains two types of real gold: microscopic particles of gold contained in pyrite, or alloys of gold and gold. pyrite. But scientists have discovered another kind – gold atoms that can “decorate” imperfections in the crystal structure of pyrite, as Curtin University researcher on discovery Denis Fougerouse describes it. The discovery, according to Fougerouse, “could help gold miners more efficiently extract gold from pyrite, potentially reducing greenhouse emissions,” as the imperfections can “potentially offer improved partial leaching or a target for that bacteria attack and break down the crystal, ”reducing the need for large reactors to extract it.
Vale has announced that it will spend $ 150 million to extend the mine life by ten years and increase production at its mining operations in Thompson, Man., As part of the first phase of its expansion project. mine, the Thompson Citizen reports. The project will see the construction of new ventilation and fan raises, the increase in backfill capacity and the addition of electricity distribution infrastructure, which will improve the working conditions of employees and provide electrical energy. necessary to mine at greater depth.
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