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Mining Association of British Columbia touts economic impact, presses province on DRIPA

2026-05-07

The Mining Association of British Columbia (MABC) highlighted the robust economic contributions of the province's mining sector, reporting C$19.6 billion in output and 56,000 jobs in 2024. Despite this strong performance and growing momentum in project development, MABC CEO Michael Goehring warned that regulatory uncertainties, particularly concerning the Declaration on the Rights of Indigenous Peoples Act (DRIPA), and rising costs pose significant threats to future investment and inhibit British Columbia from fully capitalizing on the global critical minerals boom.

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Recent Articles

Gold price rebounds on US-Iran deal hopes

2026-05-07

Gold prices experienced a significant rebound on May 5, 2026, surging by 3.6% to over $4,700 per ounce, as optimism surrounding a potential US-Iran peace deal alleviated concerns over inflation and a prolonged period of high interest rates. This upswing, which also saw silver climb over 6%, marks a reversal after a 10-week conflict had previously caused bullion to decline by 11%. The market now shifts its focus to upcoming US economic data and the Federal Reserve's monetary policy, though official-sector gold purchases continue to underpin a positive long-term outlook for the metal.

Trafigura in talks to build aluminum smelter in Egypt

2026-05-07

Commodity trading heavyweight Trafigura is in advanced negotiations with Egyptian Aluminium Company (Egyptalum) and Metallurgical Industries Holding Company (MIH) to develop a new 300,000-tonne-per-annum (tpa) primary aluminum smelter and an associated 150,000-tpa anode plant in Egypt. This significant project, estimated at $750-$900 million, aims to nearly double Egyptalum’s existing production capacity and provide a critical new source of primary aluminum amidst global supply shortages and geopolitical disruptions in the Middle East.

CIM appoints Lucy Potter as 2028-29 president-elect

2026-05-05

The Canadian Institute of Mining Metallurgy and Petroleum (CIM) has announced the appointment of Lucy Potter as its president-elect for the 2028-2029 term, effective May 2028. Potter, currently General Manager, Technical and Sustainability, at Rio Tinto Iron & Titanium and Diamonds, brings over 25 years of extensive experience across the mining value chain, including senior leadership roles at major global miners. Her appointment signals a strategic focus on balancing growing global demand with sustainable development and fostering operational excellence within the Canadian minerals and metals industry.

Op-Ed: The copper supply crisis is a sulfur management crisis

2026-05-05

A recent op-ed by Randy Allen, published May 4, 2026, highlights that the escalating copper supply crisis is fundamentally a sulfur management crisis, exacerbated by critical global supply chain disruptions. Recent export halts from China and Russia, alongside restrictions from other nations, have exposed the strategic importance of sulfuric acid, challenging the mining industry's long-held perception of sulfur as merely a waste product. This shift necessitates a re-evaluation of processing methods to transform sulfur into a valuable revenue stream, crucial for securing future copper production and domestic industrial self-sufficiency. <p> </p>

Falcon Copper, Glencore to boost US minerals supply chain

2026-05-04

Falcon Copper and Glencore International have signed a non-binding Memorandum of Understanding to collaborate on critical minerals projects, specifically targeting the bolstering of the US supply chain. This strategic alliance aims to channel up to 1.6 million tonnes per annum of copper concentrate to Falcon’s proposed smelting and refining facilities in the United States, thereby reinforcing domestic processing capabilities for essential minerals.

New Earth expands Lucky Boy project with 268 acres in Arizona

2026-05-04

New Earth Resources has significantly expanded its Lucky Boy Uranium Project in Gila County, Arizona, securing an additional 268 acres of state mineral lease land. This strategic acquisition, approved by the Arizona State Land Department following an application in February 2026, nearly doubles the company's land holdings at Lucky Boy to approximately 541 acres, strengthening its position in a historically productive uranium region. The expansion is anticipated to provide substantial flexibility for future exploration and development in a revitalized global uranium market.

Ontario to axe early-stage red tape, mining minister says

2026-05-03

Ontario is set to enact new legislation this autumn to significantly reduce regulatory burdens on early-stage mining projects, aiming to catalyze private investment and shorten development timelines. This move coincides with a strategic pivot in the province's mineral strategy from electric vehicle components towards "defence metals," amidst stalled battery plant projects. Furthermore, Ontario is strongly backing Toronto's bid to host the NATO Defence, Security and Resilience Bank, leveraging its robust mining finance and defence sectors to strengthen North American supply chains and influence ongoing Canada-United-States-Mexico Agreement (CUSMA) review discussions.

Op-Ed: What Canada’s sovereign wealth fund, defence industrial strategy mean for miners

2026-05-03

Canada has launched two significant federal initiatives – the Canada Strong Fund, a new national sovereign wealth fund with C$25 billion over three years, and a comprehensive Defence Industrial Strategy. These efforts, highlighted by industry experts Jennifer Wasylyk and Carla Potter of Cassels, signal a fundamental redefinition of critical minerals as national security assets rather than mere commodities, profoundly impacting how mining projects may be financed, prioritized, and regulated across the nation.

Cove Kaz, Skyline sign merger agreement

2026-05-02

Cove Kaz Capital Group and Skyline Builders Group have signed a definitive merger agreement, anticipating the formation of Kaz Resources, a Nasdaq-listed entity under the ticker ‘KAZR’. This strategic consolidation aims to establish a global leader in critical minerals, particularly tungsten and rare earths, destined for the US defense and industrial sectors. The merger, which includes the significant acquisition of Kaz Critical Minerals' 15 licenses in Kazakhstan, is strategically poised to leverage substantial US government financial backing for its advanced exploration and late-stage projects.

Silver Sands to acquire Fairfield Gold Project in Mexico

2026-05-02

Silver Sands Resources has signed a definitive agreement to acquire a 100% interest in the Fairfield Gold Project in Mexico’s State of Nayarit from Fairfields Gold. This strategic move, involving approximately $675,000 in cash and 5.15 million common shares over four years, positions Silver Sands to explore a historically significant property with high-grade gold and silver mineralization identified by ASARCO nearly a century ago. The acquisition underscores the project's exploration potential within Mexico, a key mining jurisdiction.