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🌟 West Kitikmeot Resources Corp Leads The Grays Bay Project 🌊 West Kitikmeot Resources Corp. (WKR) is gaining strong support from the Government of Nunavut for its important initiative to connect the Arctic coast to Southern Canada. This project will not only help access essential minerals but also improve security in the North. Insights: 🔹 West Kitikmeot Resources Corp. is leading the Grays Bay project through a signed Memorandum of Understanding (MOU) with the Government of Nunavut. This agreement was also signed by David Akeeagok, Nunavut’s Minister of Economic Development and Transportation, and Ehren Cory, CEO of the Canada Infrastructure Bank/ Banque de l'infrastructure du Canada. 🔹 The initiative involves creating a deep-water port at Grays Bay, allowing mining companies to transport metals like copper and zinc from the area. 🔹 The port will also serve the Canadian Navy for docking large ships and fuel resupply. Join us on Drumbeats where we cover newsworthy events and bring together the movers and shakers of Indigenous investment in Canada, showcasing the unique perspectives of those who are shaping and growing this important sector. Register your interest for the 2025 Canadian Indigenous Investment Summit! #CanadianIndigenousInvestment #GraysBayProject #WestKitikmeotResources #InfrastructureDevelopment #CanadaInfrastructureBank

Renewal of the Mineral Exploration Tax Credit (METC) plays a crucial role in fostering sustainability and innovation within our sector. Why is this important? 🤔 The METC not only incentivizes investment in exploration projects, which are critical for the discovery of new mineral deposits, but also ensures the long-term viability of the mining industry. By reducing the financial risk associated with exploration, the tax credit encourages both small and large investors to contribute to the growth of our sector. What does this mean for us? 1. Increased exploration activities across the country. 2. Enhanced attractiveness of the Canadian mining sector to foreign investors. 3. Support for sustainable and responsible mining practices. Let's embrace this opportunity to innovate, explore, and lead in the responsible development of our natural resources. #MiningIndustry #Sustainability #Innovation #METC #InvestmentOpportunity

The Government of Canada has listened to PDAC’s call and renewed the Mineral Exploration Tax Credit (METC) before its expiry next week. The 1-year renewal falls short of our recommended 5-year term but is a positive step in bolstering investment into early-stage mineral exploration in Canada. The METC is a made-in-Canada financial incentive that provides flow-through share (FTS) investors with an additional 15% non-refundable tax credit when funds are directed towards greenfield exploration. Over the last two decades, the METC has played a pivotal role in the competitiveness of Canada's mineral exploration sector. Thank you Minister Jonathan Wilkinson for supporting the METC's renewal. Learn more: https://lnkd.in/egkEtHWe

It would be nice to think the Blayney gold mine debacle resulted from a momentary lapse in concentration by a government with its eyes fixed firmly on the long-term national l interest. In the absence of a credible explanation from the Minster for rejecting the advice of her department and the Orange Local Aboriginal Land Council, however, we must assume the rejection was motivated by short-term political expediency, just like almost every other decision this government has taken. The curse of short horizons can afflict even the best prime ministers. Yet, as Paul Kelly wrote in The Weekend Australian, the Albanese government betrays no ambition for long-term reform. It betrays little ambition for anything beyond winning the next election and is increasingly absorbed by the inner-metropolitan contest with the Greens. In the process, it is destroying confidence in Australia among investors who crave certainty. Blayney is just the latest example of the asymmetrical, counter-factual, sub-prime decision-making that has become the hallmark of the Albanese administration. Read the full article on Reality Bites at nick cater.com

The U.S believes that Executive Order No. 136 signed by the President on October 10, which establishes the National Railway Authority (NRA) to oversee and manage Liberia’s National Rail Assets, is essential in ensuring the efficient and equitable use of rail infrastructure by all stakeholders, particularly in the mining sector and for the transportation of passengers and goods. The United States argues that such step by the Liberian President will bring about fair and well-regulated access to rail infrastructure which is crucial for Liberia’s economic growth.

PNG economic issues should have changed from Porgera, Ok Tedi, Lihir, Simberi etc years or operation. Opening another mine may or may not fix anything. How we manage our resources and it's benefits is the key towards economic stability. 🇵🇬

Papua New Guinea (PNG) Prime Minister James Marape's address for this year's inaugural PNG Resources Week on the first of July 2024 at the University of Papua New Guinea will not be as easy as it was in the 2023 Community Affairs and National Content Conference and Expo (CANCONEX) held in Lae last year. A lot has happened in the last 12 months including Black Wednesday which cost billions of Kina in losses and the highly controversial 2022 Gold Bullion Bill that has been shelved until further notice. At the back of the controversial bill, the PNG Chamber of Resources & Energy and other relevant industry bodies ran an aggressive campaign to stop the bill. But all isn't doom and gloom with some positive developments in the resource sector including the reopening of the Porgera Gold mine and others that Prime Minister Marape will be delighted to highlight in his highly anticipated National Content address in an effort to boost investor confidence which is very low at the moment. The PNGCORE President Anthony Smaré says that PM Marape’s engagement with the resources sector and its stakeholders is important for building confidence in our sector from both investors and local stakeholders.” “We are pleased that over the last 12 months, the Government has made progress in dealing with several of these issues, among them, National Content and its implications for the resources sector. The Prime Minister will be provided an update on what the industry and its stakeholders, including landcos and landowner groups, have done as well in these areas so that our efforts complement the efforts by the Government.” “The Prime Minister will lead a high-level delegation, which includes Mining and Petroleum Ministers and Governors and MPs for resource provinces who will interact with industry, PNG business community, SMEs and landowners at PNG Resources Week. This is part of our efforts to provide a domestic platform for more engagement between all stakeholders in the resources sector.” A strong delegation from AROB led by President Ishmael Toroama, will also deliver a highly anticipated address regarding the lessons of Panguna and the road ahead.

Congratulations to Barada Barna Aboriginal Corporation (BBAC), on behalf of the Barada Barna people, and BHP Mitsubishi Alliance (BMA) on reaching a huge milestone: the signing of a new Native Title Project Agreement to provide intergenerational benefit to the Traditional Owners of the land where BMA operates, as well as financial benefits for social-economic purposes. This agreement isn’t just words, it’s a path to a stronger future, one that Barada Barna's ancestors and elders fought for tirelessly. The Barada Barna people are the native title holders (determined in September 2016) of more than approximately 3,000km3 of land in Central Queensland where BMA’s mining operations are based. The agreement is the second Native Title Project Agreement BBAC and BHP have negotiated together in Queensland, and a first between BMA and BBAC. The agreement covers operations in the Bowen Basin including Broadmeadow, Caval Ridge, Goonyella Riverside Peak Downs and Saraji mines. This is not the end, but a new beginning. BBAC will continue to protect their sacred sites, honour their ancestors and build a future that reflects who they are as Barada Barna people. Learn more by watching the video > https://lnkd.in/gFW2gfWi #Resources #Mining #NativeTitle #NativeTitleAgreement #BBAC #BaradaBarna #BHP #BMA #Queensland #Australia

KEFI Gold and Copper has received conditional final credit committee approval from the lead lender for its Tulu Kapi gold project in Ethiopia. The $320-million finance package, designed at the subsidiary level with syndicate members familiar with the country, is set to mobilize for field preparation. Kefi has engaged in social initiatives, briefing community leaders and providing medical support. The full project launch, including funding drawdown, is projected for the first half of the year, contingent on standard conditions precedent, security and community readiness, and final board approvals. The Ethiopian government's commitments, including deregulation of exchange controls, have played a crucial role in advancing the project. Kefi is optimistic about the project's value-add, anticipating significant benefits as it implements risk-managed development plans. The company is concurrently exploring prospects in Ethiopia and Saudi Arabia. See our Intelligent Mining Solutions https://lnkd.in/dR32Z2qU #miningnews #ethiopia #goldmining #valueadd #riskmanagement

Significant Progress on Tulu Kapi Gold Project US$320 million Finance Package KEFI Gold and Copper PLC (AIM: KEFI), an early mover and successful explorer in the highly prospective Arabian Nubian Shield, is pleased to announce that it has received confirmation of conditional final credit committee approval from the lead lender for its “shovel-ready” #Ethiopian development project, the high-grade Tulu Kapi Gold Project. This followed the analogous approvals from other key syndicate members including lead #contractors and lead #equity parties, and the previously reported actions by the Government of Ethiopia during 2023. Key Government actions include the previously negotiated and reported exemptions from #foreignexchange restrictions, commitments to provide permanent #security protection and the approval of additional protections for the lenders for the Project. Read more here: https://lnkd.in/e_aukw_7 #KEFI #Gold #Copper #TuluKapi