Quebec and Ontario stole the spotlight in 2020, but 2021 may be BC’s year for Canadian mining.
Indonesia Amends Mining Law to Encourage More Downstream Investment
In May 2020, Indonesia’s government made significant changes to the 2009 Mining Law – including the introduction of several new licenses – with the aim of encouraging more investment into the country’s downstream mining industry.
In the valley of gold
Val-d’Or, a sub-arctic town in North Quebec,is isolated from the global economic crisis: its economy is booming; fueled by rich gold deposits from the massive Canadian Malartic mine – and gold prices are surging, having reached over $1800, up from about $1300 last year.
The mining boom and political risk
Rising precious metal prices are changing the entire economics of mining because they reduce cut-off grades and make previously unviable orebodies economic, while drill results that may have been mediocre at US$1,400 gain attraction as prices rise, allowing junior exploration companies to tap new investment.