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First Nation’s Lawsuit to Block Gold Exploration at Ontario Site Threatens Prospector’s 35-Year Investment in Project
Group claims violation of UNDRIP rights; province and junior miner cite over a decade of support for consultation and attempts at engagement thwarted
A First Nation in northern Ontario, citing infringement of sacred territory, has sued the province and a prospector for $80 million in damages and an injunction to stop further exploration work and commercialization of hard rock gold claims said to contain tens of millions of ounces.
In response, the Ontario government cites support it’s provided since 2008 to boost the indigenous community’s capacity for consultation including in terms of mineral development.
MatawaOntarioCanadaOttawaLake-superiorCanada-generalCanadianDavid-lamettiMichael-maloufKate-kemptonGreg-rickfordSheri-taylorGlobal mining cross border M&A deals worth $7.7bn in Q4 – report
Bozshakol open pit mine in Kazakhstan. (
Mining industry cross border M&A deals worth a total of $7.7 billion were announced globally in Q4 2020, according to UK-based analytics firm GlobalData.
The value marked an increase of 593.7% over the previous quarter and a rise of 71.5% when compared with the last four-quarter average, which stood at $4.49 billion.
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In terms of volume, North America emerged as the top region for cross border M&A deals, followed by Asia-Pacific and then Europe
Comparing cross border M&A deals value in different regions, Europe held the top position with total announced deals worth $3.61 billion in the period. At the country level, the UK topped the list in terms of deal value at $2.46 billion.
AustraliaShanghaiChinaUnited-statesCanadaUnited-kingdomAmericaShanghai-decent-investment-groupNorth-americaTeranga-goldEndeavour-mining