DAILY BRIEFING | 07.01.25
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Prime Minister Mark Carney confirmed that Canada is considering joining U.S. President Donald Trump's $175-billion Golden Dome missile defence program amid growing concerns about future missile threats from space. Defence expert David Perry warned that Carney needs to act quickly, cautioning that Canada risked missing out due to its history of delaying politically sensitive decisions.
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Canada Post presented improved wage and benefit offers, including a 13.59% wage increase over four years, six personal days, and expanded part-time weekend delivery options, while rejecting the union’s request for extra review time amid stalled negotiations and looming strike threats set to begin May 23, risking major mail delays though essential deliveries will continue. Meanwhile, LifeLabs and the BC General Employees' Union ended a 10-week strike with a three-year deal featuring wage increases up to 20% and better working conditions, while the union urged British Columbia to transition outpatient lab services to the public system.
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The Fraser Institute warned that the federal debt, projected to double to $2.2 trillion by 2024/25, requires a new fiscal approach focused on spending cuts rather than tax increases. Economist Bev Dahlby’s research, cited by the institute, found that reducing government debt by lowering spending offers greater long-term economic benefits despite short-term challenges.
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The Ontario Progressive Conservative government has partnered with Manitoba to sign a memorandum of understanding that removes interprovincial trade barriers, aiming to reduce costs, boost economic growth, and support national efforts to enhance infrastructure and free trade across Canada. Meanwhile, the Manitoba government has barred some U.S. companies from bidding on certain contracts as part of its buy-Canadian policy, but Opposition Progressive Conservatives claim that U.S. firms are still involved in at least two major projects.
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"Canada's New PM Mark Carney Sets Bold Agenda for Economic Revitalization and Global Leadership"
Canada's newly elected government, under the leadership of Prime Minister Mark Carney, is poised to tackle both domestic and international challenges with a focus on economic strength, targeting issues such as weak productivity and global trade relationships to foster prosperity for all citizens.
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Global, domestic leaders congratulate Carney; Trump sparks tension with annexation remarks
Global News - April 29, 2025 Foreign and domestic leaders praised Prime Minister Mark Carney's win in the recent federal elections, with U.S. President Trump privately greeting Carney, while maintaining rhetoric about making Canada the 51st state.
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Canadian Prime Minister Mark Carney arrives at the Office of the Prime Minister and Privy Council, the morning after the Liberal Party won the Canadian federal election, in Ottawa on Tuesday, April 29, 2025. THE CANADIAN PRESS/Justin Tang
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Environmental Policies and Green Mining
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Canada's Tougher Anti-Greenwashing Laws Signal Major Shift for Businesses
Canada's forthcoming amendments to the Competition Act, set to take effect in June 2024, aim to combat greenwashing by imposing strict standards on business environmental and social claims, with significant penalties for non-compliance, particularly targeting the mining sector.
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Ontario's Ring of Fire Set for Mining Boom Amid Controversial Legislation
The Ontario government's plan to designate the mineral-rich Ring of Fire region as a "special economic zone," bypassing existing laws to expedite mining development, faces fierce opposition from Indigenous groups and environmentalists, even as it receives strong backing from the mining industry and provincial officials.
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Canada Boosts Green Mining with $61M Investment in Foran's McIlvenna Bay Project
ISED Canada - January 28, 2025 The Canadian government's significant investment in Foran Mining Corporation's McIlvenna Bay project underscores a strategic push towards green mining and the advancement of critical minerals policy, aligning with the country’s goals to enhance domestic supply chains and promote sustainable technologies within the mining sector.
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(McIlvenna Bay, image sourced from Google Maps)
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New Tool Boosts Sustainable Mining, Tackles Acid Rock Drainage and Metal Leaching
International Council on Mining and Metals - January 29, 2025
The mining industry is making strides in addressing environmental challenges with a new tool from the International Council on Mining and Metals and the International Network for Acid Prevention, aimed at preventing water pollution and promoting sustainable practices through a comprehensive management framework. This initiative supports compliance with stringent environmental regulations and aligns with global narratives on sustainability, enhancing investor confidence and corporate accountability.
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Proposed B.C. Mineral Claims Framework Sparks Debate Over Indigenous Consultation and Mining Impact
The Northern Miner - January 28, 2025 British Columbia's proposed mineral claims framework, developed in response to a 2023 Supreme Court ruling, seeks to enhance Indigenous consultation but raises concerns over increased complexity and costs that could deter mining investment and hinder exploration. Critics argue that the new system's public disclosure requirements threaten competitive interests, potentially delaying projects and straining the economy.
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ZincX Resources Secures $500K Loan to Advance Sustainable Mineral Projects in BC
ZincX Resources Corp. - January 27, 2025 ZincX Resources Corp. has secured a $500,000 non-recourse convertible loan to advance its Akie and Kechika Regional projects in British Columbia, highlighting the strategic importance of critical minerals for a low-carbon future.
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New Copper-Gold Discovery Bolsters Canada's Strategic Position in Mining Sector
InvestorWire Newsroom - January 30, 2025 The recent copper-gold discovery at the Kolos Project in Canada, expanding the site's reach to a 12 km² alteration zone, positions Canada as a crucial player in the global mining sector, aligning with burgeoning demands for green technology and infrastructure development.
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Ontario Unveils Act to Shield Critical Minerals and Energy Infrastructure from Foreign Interference
Ontario Energy and Mines - April 25, 2025 The Government of Ontario has unveiled the "Protect Ontario by Unleashing our Economy Act", a new legislative effort aimed at fortifying the province's critical minerals and energy sectors against foreign interference to safeguard resources and bolster economic growth.
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B.C.'s Bill 15 Faces Backlash Over Fast-Tracking Infrastructure Projects, Raises Environmental and Indigenous Concerns
CBC News - May 29th 2025 Premier David Eby's proposed Bill 15, the Infrastructure Projects Act, has sparked controversy in British Columbia by granting the government authority to accelerate significant infrastructure projects amid criticism over potential bypassing of environmental assessments and Indigenous consultations. While the government argues the bill will boost public infrastructure and economic opportunities, opponents worry about its undefined scope and the risk of unchecked decision-making power.
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Ontario Invests $3.1 Billion to Boost Indigenous Involvement in Critical Minerals Sector
Ontario is positioning itself as a global leader in critical mineral development by investing $3.1 billion to enhance Indigenous partnerships and participation in the sector, a move seen as key to the province's economic resilience and a step towards economic reconciliation.
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Nisga’a Nation and Western LNG Seek Indigenous Partners for $12 Billion Pipeline as B.C. Government Reviews Project's Future
Amid rising construction costs and environmental concerns, the Nisga’a Nation and Western LNG are seeking Indigenous equity partners for the Prince Rupert Gas Transmission pipeline as British Columbia's government reviews its permit compliance and the project's potential impact.
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Impending N.W.T. Diamond Mine Closures Threaten Indigenous Economic Stability, Report Warns
The closure of diamond mines in the Northwest Territories threatens economic stability for Indigenous communities dependent on the industry, with significant concerns about job losses and community funding, prompting calls for government intervention to address the anticipated downturn.
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Nicola Mining Ramps Up Operations with Gold Ore from Talisker, Initiates Copper Exploration in BC
Mining.com - May 21st 2025 Nicola Mining is gearing up for full production at its unique milling facility in British Columbia, anticipating upgrades and a permit amendment to enhance operations as it partners with Talisker Resources and Ocean Partners UK while exploring its New Craigmont copper project.
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Nova Scotia Municipal Leaders Unprepared and Concerned as Province Opens Door to Uranium Exploration
CBC News - May 22nd 2025 Municipal leaders across Nova Scotia are grappling with unease and a lack of preparedness following the provincial government's surprise invitation for uranium exploration proposals, marking the first such initiative in nearly 45 years and inciting urgent calls for better communication and environmental assurances.
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International Mining News
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Trump's Energy Emergency and Policy Shift Reshape North American Mineral and Energy Landscape, Impacting Canadian Firms
National Mining Association - January 20, 2025
The inauguration of President Donald Trump heralds a pivotal shift in U.S. policy, emphasizing domestic mineral production and energy independence, which poses significant implications for Canadian companies navigating the evolving landscape of critical minerals, supply chains, and environmental standards. As the U.S. plans regulatory rollbacks and exits international climate agreements, Canadian firms may need to reassess trade dynamics and align their strategies with shifting investor priorities and regulatory frameworks.
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Trump's Executive Orders Reshape Critical Minerals and Mining Policy, Easing Regulations and Boosting Domestic Development
Whitehouse.gov - January 20, 2025
President Trump's recent Executive Orders herald significant policy changes aimed at bolstering domestic critical minerals exploration and processing, promising opportunities for businesses in this sector while challenging environmental regulations and green initiatives. As these shifts emphasize reducing import dependency and fast-tracking project timelines, stakeholders must navigate the evolving regulatory landscape and potential impacts on indigenous and community relations.
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Eby Unveils Strategic Plan to Counter U.S. Tariffs, Boost B.C.'s Mineral Sector
Mining.com - January 23, 2025 In response to the looming threat of 25% tariffs on Canadian imports by U.S. President Donald Trump, British Columbia Premier David Eby has unveiled a strategic plan at recent natural resources conferences to fortify B.C.'s critical minerals sector by diversifying trade relationships and expediting key infrastructure projects, all while enhancing indigenous consultation and participation through significant legislative reforms.
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Intensified Deep-Sea Mining Debate Highlights Tension Between Economic Interests and Environmental Concerns
Associated Press - May 29th 2025 As The Metals Company showcases deep-sea ore samples in Japan to industry giants like Mitsubishi and Glencore, the contentious debate surrounding deep-sea mining intensifies, balancing the promise of critical mineral supply against looming environmental concerns.
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University of Michigan Study Warns of Looming Copper Shortage Amid Green Energy Boom
University of Michigan Press - May 22nd 2025 A University of Michigan study co-led by Professor Adam Simon warns that the skyrocketing demand for copper, driven by green energy transitions and infrastructure needs in emerging economies, could far outstrip current supply, underscoring urgent choices between essential infrastructure development and electrification efforts.
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DRC Eyes US Investment, Peace Pact with Rwanda Amid Mineral Conflict
Reuters - May 25th 2025 The Democratic Republic of Congo is nearing a potential deal with the United States to attract investment in its critical mineral sector while seeking support to address a Rwandan-backed rebellion, aiming to finalize negotiations by June despite ongoing challenges.
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Early registration rates for PDAC 2025 ends February 7th
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PDAC - January 30, 2025
Early registration rates for the PDAC annual convention are available until February 7th. PDAC annual convention 2025 will be taking place at the Metro Toronto Convention Centre in Toronto, Canada from Sunday March 2nd to Wednesday March 5th. The event will see more than 27,000 attendees from over 135 different countries visit the convention centre exploring topics related to finance and investment trends in mining, sustainability and indigenous issues in mining, and explore the latest developments in Canadian mining. Click here to register.
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Free Webinar on AI's Transformative Role in Mining with Legal Experts
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Faskens - January 28, 2025
An upcoming webinar put on by Faskens on February 25, 2025 will explore the transformative role of AI and automation in the mining sector, with insights from experts Christopher Ferguson, Faskens Partner in Technology, Media and Telecommunications, Privacy and Cybersecurity Law, and Anagha Nandakumaran, Faskens Associate in Information Technology. This webinar offers professional development credits for legal professionals in various Canadian provinces. Visit Faskens Webinar AI and Automation and Mining to register.
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Belo Sun Mining Corp. Jack Lunnon has been appointed as a director of Belo Sun Mining Corp., moving from La Mancha Investments S. à r. l., where he serves as Chief Technical Officer. He brings over fifteen years of experience in geology, mining, and investments, along with board-level expertise from his previous role at Elemental Altus Royalties Corp.
Compass Minerals Patrick Merrin has been appointed as Chief Operations Officer (COO) at Compass Minerals, joining from Lundin Mining Corporation, where he served as Executive Vice President of Technical Services. He brings three decades of mining industry experience, including leadership roles at Copper Mountain Mining, Washington Companies, Newcrest Mining, and Goldcorp.
Peter Fjellman has been named Chief Financial Officer (CFO) at Compass Minerals, moving from GXO Logistics, where he was Senior Vice President of Finance for the Americas and Asia Pacific. With over 30 years of experience in finance leadership across industrial, manufacturing, and logistics sectors, he has previously held senior roles at ABB, Danaher Corporation, and Newell Rubbermaid.
Ontario Mining Association Grant Karwacki has joined the Ontario Mining Association (OMA) as Director of Operations, bringing extensive experience in Ontario’s mining sector and natural resource management. Previously, he held senior government roles, including Director of Policy at the Corporate Policy Secretariat and Senior Policy Advisor to the Government of Ontario, where he developed strategic, evidence-based policies and built strong relationships with stakeholders and Indigenous partners.
Grant’s hiring comes on the heels of Priya Tandon, the new Ontario Mining Association President, who assumed the role on October 7, 2024. As the first woman to lead the OMA, Priya brings over 15 years of experience in policy development and stakeholder engagement, having served in senior government positions, including Director of the Strategic and Indigenous Policy Branch at the Ministry of Natural Resources and Forestry.
Québec Mining Association Emmanuelle Toussaint has been appointed as President and Chief Executive Officer of the Québec Mining Association (QMA), effective January 13, 2025, bringing over 25 years of management experience across the private and public sectors. Previously, she held executive roles at Cléo Innovations, a Hydro-Québec subsidiary, and Volvo Group divisions Prevost and Nova Bus, with a focus on legislative affairs, sustainability, and transportation electrification. She succeeds Josée Méthot and will leverage her expertise in governance, regulatory affairs, and innovation to advocate for a responsible and forward-thinking mining industry in Québec.
The Canadian Institute of Mining, Metallurgy, and Petroleum Ameni Ben Ammar has joined the Canadian Institute of Mining, Metallurgy, and Petroleum (CIM), bringing over 18 years of experience in financial leadership across industries such as mining, healthcare, IT, and aerospace. A CPA with expertise in managing multi-million-dollar budgets, Series A funding due diligence, and international entity setup, she will focus on enhancing financial success and streamlining operations at CIM.
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Trident Resources Corp., a Canadian mineral exploration firm, strengthens its strategic direction by appointing esteemed geologist Ronald Netolitzky as an advisor and launching a comprehensive marketing initiative, signaling a robust commitment to advancing its exploration endeavors in Saskatchewan's promising mining regions.
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