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Rio Tinto in talks to buy lithium miner Arcadium, sources say
FILE PHOTO: Rio Tinto logo is seen displayed in this illustration taken April 10, 2023. REUTERS/Dado Ruvic/Illustration/File Photo
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Coeur Mining signs all-stock deal to buy SilverCrest Metals valued at US$1.7-billion
FILE PHOTO: Liquid gold is poured to form gold dore bars at Newmont Mining's Carlin gold mine operation near Elko, Nevada May 21, 2014. The dore bars contain approximately 90 percent gold, 8 percent silver and 2 percent trace material. REUTERS/Rick Wilking/File Photo
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Business Brief: Five takeaways from a whirlwind week
This is our goal today.
world
Indigenous women from Ecuador urge Ottawa to halt free-trade agreement, raise objections over mining
From the left, Fanny Kaekat, Zenaida Yasacama, Hortencia Zhagüi and Ivonne Ramos are photographed after an interview on Sept 30, 2024. The four Ecuadorians were visiting Canada to raise awareness around Canadian mining abuses in Ecuador. (Fred Lum/The Globe and Mail)
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Saskatchewan faces major obstacles as it aims to compete with China in processing rare earth minerals
Molten rare earth metal being cast into ingots at SRC. Please consider these photos and video assets good for a one-time use for news stories in relation to this announcement. Any further use of these assets requires direct consent from SRC Communications at media@src.sk.ca.
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Barrick Gold employees arrested in Mali have been released
FILE PHOTO: The logo of sponsor Barrick Gold Corporation is seen as visitors arrive at the Prospectors and Developers Association of Canada (PDAC) annual convention in Toronto, Ontario, Canada March 4, 2019. REUTERS/Chris Helgren/File Photo
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Eros Resources to merge with Canadian mining rivals
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Business Brief: Canadian miners face mounting pressure in Mali
A photograph provided by the French military shows Russian mercenaries in northern Mali.
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Barrick reaches tentative mining agreement with Mali as questions swirl over employee arrests
FILE PHOTO: Mark Bristow, CEO of Barrick Gold ​Co. speaks during an interview with Reuters at the African Mining Indaba 2022 conference, in Cape Town, South Africa, May 11, 2022. REUTERS/Shelley Christians/File Photo
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Barrick Gold, Malian government to find resolution for Loulo and Gounkoto gold mines
FILE PHOTO: The logo of sponsor Barrick Gold Corporation is seen as visitors arrive at the Prospectors and Developers Association of Canada (PDAC) annual convention in Toronto, Ontario, Canada March 4, 2019. REUTERS/Chris Helgren/File Photo
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Four Barrick employees arrested in Mali by Russia-backed military regime
FILE PHOTO: A small toy figure and gold imitation are seen in front of the Barrick logo in this illustration taken November 19, 2021. REUTERS/Dado Ruvic/Illustration//File Photo
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Mali junta arrests four employees of Barrick Gold, sources say
Barrick Gold Corporation’s Toronto office, on Wednesday May 3, 2023. (Christopher Katsarov/The Globe and Mail)
globe investor
Mining industry struggles with valuation gap amid shift to copper
Fonderie Horne, a foundry owned by Glencore, is shown in Rouyn-Noranda, Que., Oct. 29, 2022.
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Business Brief: The true price of Indonesia’s nickel boom
Anti-mining signs are at the Tokalimbo, Towuti District, East Luwu Regency, South Sulawesi, July 10, 2024. The one on the right reads, "The host will not negotiate with the thief who wants to steal its land." Peppercorn plantation in Loeha Raya is under threat due to nickel mining exploration carried out by PT Vale Indonesia and PT Paramos Rezeki Indah, two companies with substantial concession area in Loeha Raya. The people of Loeha Raya strongly reject the idea, seeing how it will disrupt their livelihood. Peppercorn farmers in Nuha stretch from Kampung Baru, Sorowako, and Loeha Raya, across Lake Matano and Lake Towuti, which they have maintained for the past 60 years. According to locals, when Vale found high grade nickel within 5-10 meters in the ground, they started exploration and drilling with little consultation with the people. The police were utilized to intimidate the farmers. The farmers of Loeha are well-off on their own, most owning 4x4s and large houses. They set a target of 5-15 tonnes of peppercorn, being sold at Rp. 130,000 (U.S. $0.80) per kilogram. They are set out to harvest peppercorn between August until the end of the year, with the peak of the harvest occurring in October. They feel that the upcoming nickel mining activity will be a direct threat to their livelihood, as well as destruction of rainforest and river area. Buntu Dama, Salumbolu and Salu Nene Rivers are main rivers in Loeha Raya who will be affected by mining activities in the area. Vale’s nickel mine in Sorowako is the largest mine in Sulawesi, which counts for 70,566 hectares (174,372 acres). The mining activity in the area presents a threat to biodiversity and the remaining rainforest area in Sulawesi. The environmental impact from nickel mining is manyfold, with deforestation often leading to floods, land slides, water contamination, disruption of access to freshwater, and air pollution. Vale is the largest nickel producer in the world. (Josh
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In Indonesia’s Sulawesi, the promise of a nickel boom comes at a cost for local farmers
View of the coal stockpile and nickel smelter owned by PT Transon Bumindo Resources–Jia Xiaoyu, between villages Buleleng and Laroenai, South Bungku District, Morowali Regency, Central Sulawesi Province, July 9, 2024. Visible from the images that nickel run offs spill from the coastal area into the Banda Sea. The natural rainforest are seen to have been stripped down and negatively impacted by the mining activity. Potential nickel reserves for Central Sulawesi counts for 115,397 hectares (285,152 acres). The environmental impact from nickel mining is manyfold, with deforestation often leading to loss of biodiversity, floods, land slides, water contamination, disruption of access to freshwater, and air pollution. (Joshua Irwandi/The Globe and Mail)�
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A massive cyanide leak and the cost of gold
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opinion
Canada needs an industrialization strategy beyond just taking rocks out of the ground
Marilyn Spink
globe investor
Miners, investors see scope in energy transition but struggle with choices
Clyde Russell
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London mining company with Canadian connections plans copper mine acquisitions after sealing Turkish deal
FILE PHOTO: A worker checks copper rods at Truong Phu cable factory in northern Hai Duong province, outside Hanoi, Vietnam in this file photo from August 11, 2017. REUTERS/Kham
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Iran says it believes remaining workers have died in mine explosion, raising death toll to 49
In this photo released on Tuesday, Sept. 24, 2024, by Iranian Interior Ministry, miners stand at the site of a coal mine where methane leak sparked an explosion on Saturday, in Tabas, some 335 miles (540 kilometers) southeast of the capital Tehran, Iran. (Iranian Interior Ministry via AP)
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