Charley Piringi’s Post

The Real Cost of Mining in Solomon Islands

A new agreement between the Nisga’a Nation and Vega Mining Inc will help unite Indigenous groups across Canada’s natural resource and Indigenous business sectors. Vega Mining will acquire from the Nisga’a Nation the rights to five annual benefit payment entitlements (royalties) in Benefit Agreements the Nisga’a Nation has in place in respect of mines and projects within the Golden Triangle Area located in Northwest BC, in exchange for common shares in the capital of Vega Mining. Once the transaction is complete, Vega Mining will be renamed “Nations Royalty Corp.” and is set to become Canada's largest majority Indigenous-owned public company, poised to be a significant player in the mining royalty sector.    Eva Clayton, President of Nisga'a Lisims Government, stated: “Our people have a history of leadership and innovation, from significant legal victories to the first Modern Treaty in British Columbia. Today, we embark on this new venture with Indigenous groups and leaders from the mining industry to promote cooperation and progress, ushering in a new era in Indigenous business, as well as Canada's mining and natural resources sector.”   “Over the past 30 years, most new mines in Canada have royalties included in Benefit/Collaborative Agreements, a majority of which have been through Canada’s rigorous permitting processes, which involves consultation with and consent from Indigenous Peoples... Nations Royalty will create a unique opportunity for economic reconciliation and increased transparency in the mining industry. A core focus of the Company is to build capacity for Indigenous people in the management of public companies and capital markets, which we hope will result in the creation of additional Indigenous economic ventures,” Frank Giustra, Strategic Advisor to Nations Royalty.   For full details: https://lnkd.in/g4JwXTVZ   #firstnations #economicreconciliation #naturalresources #equity https://lnkd.in/gdKhNxiA

Our thoughts on the current state of the SA mining industry #mining#businessday 

How to bring the chaotic and insanity in the Mining Sector to a logical Conclusion - Part One

This LiveMint article elaborates on how the government is finalising a strategy to push mining companies to expedite production in awarded mineral blocks. Delays will incur penalties deducted from performance security paid to state governments. Consultations with the industry are ongoing regarding draft recommendations for milestone completion timelines, with notifications expected in March. Whilst pointing out that the approach is not new, Rakesh Surana, Partner, #Consulting, Deloitte India, said that the government’s renewed focus, including penalty clauses and the possibility of reclaiming and re-auctioning resources, is a welcome step. “The industry will benefit from increased self-reliance in terms of raw material security. Therefore, we look forward to a focussed implementation of this initiative," he said. Read the full article here: https://deloi.tt/3T83QJb #Mining #GovernmentPolicy

The mining industry will be following the upcoming changes to the Mineral Tenure Act closely. Read what my McMillan LLP partners Robin Junger, Sasa Jarvis, Cory Kent and I have to say about it in our recent article published in the Canadian Mining Journal https://lnkd.in/gt-6w7jW #CDRR #complexdisputesandregulatoryregimes #mcmillanYVR #vancouverlawyers #mininglawyers #mininglaw #pdac

The closure of Minera Panama has had far-reaching consequences for Panama's economy and environment. With a significant increase in illegal mining operations—rising from 60 to over 250 in just eight months—criminal groups are exploiting the situation, leading to environmental degradation and loss of government revenue. Our latest investigation explores these issues in depth and discusses potential solutions, including the role of responsible mining and public-private partnerships. It's crucial that Panama takes decisive action before the situation worsens. 👉 Read the full article here https://lnkd.in/eEh3i32W #Mining #SustainableDevelopment #Panama #EnvironmentalCrisis #IllegalMining #PublicPrivatePartnerships

Good article in Financial Times on how much the Gulf States are spending and investing in mining #miningnews #capitalmarkets #investorrelations #europe

AS the Marcos administration steps up the revitalization of the mining sector to take advantage of the increasing global demand for energy transition metals, the government is looking at having mining drive green technology and high-quality job growth.

Los Azules, a top 10 copper project by resource according to Mining Intelligence, is McEwen Copper's flagship asset. It is located on the spine of the Andes in the pro-mining province of San Juan, Argentina. Los Azules can be a major driver for growth and progress in Argentina, slated to produce pure copper cathodes in a mine designed around regenerative principles as early as 2029/2030 and with the commitment to be carbon neutral by 2038! 🌟 Robert McEwen is optimistic about Argentina's economic revival! President Javier Milei's commitment to fiscal discipline and foreign investment is driving growth. #Argentina #copper #mining https://lnkd.in/grx-7Uzj