Quebec and Ontario stole the spotlight in 2020, but 2021 may be BC’s year for Canadian mining.
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.
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.
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.
Access Asia Group is pleased to announce the launch of Access Mining – among the only corporate intelligence practices devoted to the mining sector.