Colin Hay
Colin Sandell-Hay is a multi-award winning resources, energy and business journalist. He has 50 years experience as an editor and journalist, with more than 30 of those years as a magazine editor in the business and resources sector.
Fraser Institute says fracking bans costing billions in Nova Scotia and New Brunswick
Canada’s Fraser Institute says bans on hydraulic fracturing have led to billions of dollars’ worth of shale gas potential in both Nova Scotia and New Brunswick going undeveloped. In a new report, the independent public policy think tank says the shale gas reserves have a potential long-term market value of between C$47b and C$190b. Kenneth […]
Oil prices fall as OPEC+ sticks to voluntary production hike timeline
The eight OPEC+ countries that previously announced additional voluntary production adjustments in April and November 2023 have agreed to move ahead with planned output hikes, starting in April. The decision came as a surprise to some commentators, with market consensus suggesting the group would postpone the restart as they had done three times since the […]
Canada extends mineral exploration tax credit to support early-stage development
Canada’s minister for Natural Resources has confirmed that the government is extending its 15% mineral exploration tax credit by two years. Speaking at the annual Prospectors & Developers Association of Canada (PDAC) convention in Toronto, Minister Jonathan Wilkinson said the tax credit tax credit is expected to create approximately $780 million in flow-through share investment […]
Patriot Battery Metals identifies significant caesium zones at Shaakichiuwaanaan lithium project
Patriot Battery Metals (TSX: PMET) has used a review of historical drill core assays to identify multiple areas of considerable caesium enrichment at its Shaakichiuwaanaan project in the James Bay region of Quebec, Canada. Due to its increasing role in cancer treatment, atomic clocks, drilling fluids and other applications, TechNavio is forecasting 2.7% compound annual […]
Anglo American sells nickel assets to MMG as part of strategic refocus
Anglo American has sold its nickel arm for US$500m to a Singapore-based subsidiary of MMG as part of a plan to tighten its business. The company’s nickel business comprises two ferronickel operations in Brazil – Barro Alto and Codemin – and two large greenfield growth projects, Jacaré and Morro Sem Boné. The Barro Alto mine, […]
Barrick Gold’s North American operations help lift Q4 performance
Barrick Gold’s (NYSE: GOLD) North American operations have helped deliver a strong performance in Q4. The North America, Africa and Middle East operations each met their production guidance for the year, while Barrick also advanced the Fourmile project in Nevada. Year-on-year operating cash flow increased by 20% to US$4.49 billion and, driven by stronger earnings, […]
Cizzle Brands teams up with Van Houtte Coffee Services to drive CWENCH Hydration growth
Toronto-headquartered Cizzle Brands (CBOE: CZZL) has signed a distribution agreement with Van Houtte Coffee Services, part of the Keurig Dr Pepper family of companies. The move is expected to provide a significant lift to Cizzle’s sports nutrition expansion, which includes the lineup of CWENCH Hydration ready-to-drink beverages and hydration mixes. Van Houtte Coffee Services (VHCS), […]
Cameco and Kazatomprom suspend Inkai operations amid regulatory delays, boosting uranium prices
The global uranium price improved after the giant Inkai joint venture operations in Kazakhstan were suspended due to a delay in receiving key government approvals. Canada’s Cameco (40%) confirmed the shutdown of production activity at the JV operation after being informed by partner Kazatomprom (60%) that the in-situ recovery JV failed to receive an extension […]
Canadian government steps up investment in critical minerals
While various parties around the world have decided to cut back on their spending on critical mineral exploration and development, Canada’s government has chosen to make significant investments in commodities such as lithium and rare earths. The provinces of Saskatchewan and Alberta, in particular, have received substantial cash injections. The government has identified 34 critical […]
Mitsubishi and Frontier Lithium announce $25m partnership for PAK project in Ontario
Japan’s leading trading company Mitsubishi Corporation has agreed to invest $25 million in Frontier Lithium (TSXV: FL) and its PAK lithium project mine and planned conversion facility in Ontario, Canada. The two companies have signed a definitive agreement to establish a joint venture (JV) partnership, under which Mitsubishi has agreed to acquire an initial 7.5% […]
PDAC calls for Canadian government to provide further mining support
Leading Canadian mining industry body Prospectors & Developers Association of Canada (PDAC) has written to the nation’s government with a number of suggestions which it believes can help improve the local industry’s global standing. While PDAC, which represents some 7000 members and host to the world’s largest mining event, was encouraged by the moves the […]
Blockmate Ventures and Hivello forge ahead in decentralised networks with latest capital raising
International innovative investment firm Blockmate Ventures (TSX-V: MATE) is celebrating a successful capital raising by its investee firm Hivello Holdings. Hivello, a leading developer of decentralised physical infrastructure networks (DePIN), has attracted an additional US$1.5 million in funding after receiving strong interest from investors following the announcement of a US$1m raising in December 2023. Blockmate […]
Cameco lowers uranium production expectations for major Canadian operations
Leading global uranium fuel provider Cameco (NYSE: CCJ) has confirmed it is facing a number of issues at its Cigar Lake mine and Key Lake mill operations in Canada. The company reported that technical issues have led to lower than expected production forecasts at the Cigar Lake mine. Cameco says it now estimates it will […]
Novo Resources identifies hot Pilbara gold opportunity
Vancouver-based Novo Resources (OTCQX: NSRPF) continues to grow its rich Becher project, located in one of Australia’s hottest new exploration plays, recording gold hits in 349 holes to date in a new campaign in Western Australia’s north. The company has obtained further promising exploration results from its 2023 aircore drilling program at Becher, located in […]