Ontario will pay $3.5 million to Toronto-based junior mineral exploration company God’s Lake Resources (GLR) for surrendering its mining lease and claims near the Kitchenuhmaykoosib Inninuwug (KI) First Nation.
Canadian exploration companies feel their industry association doesn’t hear them, Neal Smitheman, a lawyer who represents junior mining companies in disputes with First Nations, told CBC.
The World Gold Council unveiled today the long-awaited “exposure draft” of the so-called conflict-free gold standard, which aims to crack down on gold tainted by conflict and human rights violations, such as the ongoing supply coming from the rebel forces in the Democratic Republic of Congo.
Japan, the world’s main importer of rare earths, has requested international assistance for alternatives, conservation, diversification and recycling and to continue dialogue with China to secure stable global supply
Thousands of indigenous farmers protest in Guatemala City against mining and hydroelectric projects close to their villages. This is the first march of aboriginals during the government of Otto Perez, who assumed on January 14, for a period of four years.
Gold prices will remain high this year, but are unlikely to rise above the record high reached in 2011, says the latest report by U.S.-based mining consultants CPM Group.
A remote geographic zone straddling Canadian Québec and Labrador areas is causing quite a stir in mining circles due to the large iron reserves waiting to be developed into mines.
Canada's government will disclose new guidelines this week to reduce the time it takes for environmental reviews of major energy and industrial projects, in a move that Reuters qualifies as an attempt set to help the oil industry.