How a mining standoff in Saskatchewan can be a boon to both reconciliation and the economy
Mining has become one of Canada’s frontlines in terms of reconciliation.
Mining has become one of Canada’s frontlines in terms of reconciliation.
Data from the US Geological Survey suggests global copper reserves will fall short by 80%, global nickel reserves by 90%, and cobalt by around 96%.
The US is 100% reliant on imports for at least 12 key minerals deemed critical by the government.
The company underlined its interest in a deal by holding back $2 billion for a potential purchase of Teck’s coal business.
Cobalt prices are down more than 50% from October, due to weak demand and growing supplies from Indonesia.
Three key stories have characterized the first half of the year.
Net profit is now forecast at $373 million for the year to March 31, 2024, up from May guidance of $290 million.
Teck tops the list of approvals after receiving a rubber stamp on the detailed environmental impact assessment and the confirmation of its surface rights for its Zafranal copper project.
The world’s third-biggest steel firm has seen its shares fall almost 8% in August after a surge in July.
Move marks the first time a US government agency has included copper on one of its official “critical” lists, following the examples of the European Union, Japan, India, Canada, and China.