ICMM steps up game for miners with membership requirements update

Alberta, which derives a quarter of its economy from the oil sands and other energy resources, is poised to grow at the slowest pace in five years as crude prices slump.

Decline was in line with S&P/TSX Composite index, which also plummeted 15% during the quarter.

The news come only a day after the project executive director in Chile, Eduardo Flores, told local media that Barrick was hopeful it could find a way forward with the long-delayed mine.

After losing half of its value, the spot price of uranium has in recent weeks risen from less than $30 per pound to $42 per pound. Roger Lemaitre, President and CEO of UEX Corp., is pleased but not surprised, as a supply shortage looms, and sanctions against Russia are spooking utilities.

Finishing the project would take time and around $4 billion more of what Barrick has already invested.

The world’s biggest copper producer will, in turn, procure goods and services from Canadian companies.

Centralized modern processing could make it possible for mining companies in the United States, Europe and Australia to start producing truly critical materials with small capex.

Transaction is worth around $15 million.

Friday’s rally was just a brief break for the precious metal.