Manuel E Pereyra, FCCA, CPA, CGA’s Post

The mining industry in BC is facing the greatest opportunity in a generation. I am honoured to announce PwC Canada's launch of the 2023 BC Mine Report: A powerful story about the future. This year's report focuses on the opportunity for our region to lead Canada in supplying responsibly mined critical minerals. This comprehensive annual report offers valuable insights into the state of mining in British Columbia including industry perspectives on taxation, ESG, critical minerals, and the labour market. Read the report here: https://lnkd.in/gAs7TY-K

**Deep-sea mining could cause $500bn in environmental damage** - Environmental Impact: Deep-sea mining could pose a significant threat to biodiversity, potentially causing 25 times more damage than land-based #mining and resulting in $500bn of lost value, as per a recent study. - Mineral Resources: Critical minerals essential for #electricvehicle production, such as #cobalt, #nickel, #copper, and #manganese, are found under the ocean floor, with reserves valued between $8trn and $16trn. - Economic Risks: Extracting metals from the seabed could lead to $30bn–132bn in value destruction for the mining industry, according to the report authored by Planet Tracker. - Financial Outlook: High operating expenditures make returns negative for investors in deep-sea mining, impacting sectors like #terrestrialmining and fishing, leading to skepticism among major banks like NatWest and Standard Chartered. - Industry Voices: Experts like biologist Dr. Kirsten Thompson and industrial private equity figure Victor Vescovo express doubts about the sustainability and financial viability of deep-sea mining, citing technological challenges and high risks. #mines #mining #rawmaterials #decarbonisation #mineralexploration

Mining is as Canadian as maple syrup. Its also one of the few ways Canada punches well above its weight. And somehow, we’re not doing nearly enough to protect or promote it. With the confluence of the green energy transition and the critical minerals race, the world’s at a crossroads, and Canada’s at the center. We have the incredible opportunity to contribute significantly to both a lower carbon future and international security but are continually getting in our own way. As John Turner, Krisztian Toth and I write in The Globe and Mail, a clearer and more coordinated mining strategy from government is needed, and quick. The wider country outside of downtown Toronto and Vancouver also needs to appreciate what’s at stake. Canada is a perennial mining superpower. Not just in what we extract, but in our capital markets and all the expertise – financial, legal, consulting, technical and environmental – that go with them. Overall, much of global mining runs one way or another through Canada. Many benefits, economic and otherwise, flow from this. But they’re being taken for granted, and risk slipping away. Positive steps were made in April’s federal budget. But words must now become action, and much more is still needed. The start is policy that properly prioritizes and champions Canadian mining. Aggressively supporting the industry should also transcend party lines and not require the outlay of political capital. Our collective motivation should be obvious: the clean energy transition, our national prosperity, our international influence, and global security all hang in the balance. https://bit.ly/3ztWvwl #mining #capitalmarkets #TSV #TSXV

Enjoyed delving into the Minerals Council of Australia's latest publication, 'Minerals+ An investment strategy for a resource-intensive future'. I recommend anyone interested in Australia's mining economy to give it a read [here](https://lnkd.in/gBXfyVqz). Key takeaways: - Mining capital stock stagnant for 7 years due to challenging business environment for Final Investment Decisions (FIDs). - FID conversion rates low at 1 in 20 major projects annually. - 80% of listed 'Major Projects' abandoned. - 1 in 5 projects closed, withdrawn, or lapsed between 2008 and 2024. - Committed projects declined by 70% from $255 billion in 2013 to $75 billion in 2023. Having met with The Hon. Peter Dutton MP at Mrs. Gina Rinehart's National Mining Day and this year's Diggers & Dealers Mining Forum 'Recommendation 9' of this publication was a strong theme - a 'single front door' for investors within the Department of Prime Minister and Cabinet to streamline approval processes and provide specialised support to fast-track mining and large private infrastructure projects that benefit the wealth of our nation. Australia's pivotal role in the global clean energy transition demands continual policy enhancements for competitive tax settings, expanded trade, and productive workplace arrangements. #PolicyImprovement 🌏💼

🔋 Positive Shift in Trust Towards Australia's Mining Industry 🌏 📊 Key Findings from the 2024 Australian Attitudes Towards Mining Report The latest report reveals growing public trust in Australia’s mining sector, as Australians recognize its role in the country’s economic prosperity, but environmental concerns persist. 🔑 Highlights: 1️⃣ Trust Levels on the Rise: Trust in the mining industry improved from 2.8/5 in 2014 to 3.1/5 in 2024. 📈 2️⃣ Economic Backbone: Mining contributes significantly to Australia’s economy, generating $2.1 trillion in export revenue. 💵 3️⃣ Environmental Concerns: 61% acknowledge the environmental impacts of mining 🌱 4️⃣ Critical Minerals for Net-Zero: 73% support mining for essential minerals like lithium, nickel, and cobalt, key to a sustainable energy transition ⚡️ 5️⃣ Community Engagement: Mining must prioritize transparency and gain social licences, especially in First Nations communities 🛑 💬 What People Are Saying: “Mining is essential for Australia's prosperity” – 72% 🇦🇺 “The benefits should be shared with mining communities” – 52% 🤝 🛠️ Sustainable Mining for the Future: The industry is making strides in addressing community concerns with tech innovations for better water management and worker safety. 🏗️ 🔗 Join the Conversation: Let’s shape the future of mining with trust, sustainability, and community involvement. Visit - https://lnkd.in/gJX8zd-9 🔄 #EnergyTransition #MiningInAustralia #SustainableMining #CriticalMinerals #NetZero #PublicTrust #CommunityEngagement #EnvironmentalImpact #FutureOfMining #RenewableEnergy #MiningForTheFuture #EconomicGrowth #GreenTransition #MiningChallenges #LithiumMining #Cobalt #Nickel #CleanEnergy #FirstNationsRights #TechnologyInMining #AustraliaMineralsr

Honoured to have had the opportunity to meet #BritishColumbia’s newly appointed Minister of #Mining and #CriticalMinerals, The Honourable Jagrup Brar, at the Mining Suppliers Association of B.C. (MSABC) Christmas Reception yesterday. I appreciated the opportunity to engage in a meaningful conversation and hear his speech outlining his vision for BC's mining sector. I am particularly encouraged by the BC government's decision to appoint its first-ever Minister dedicated solely to Mining and Critical Minerals. It underscores the province’s recognition of the vital role the mining industry plays in driving economic growth and the clean energy transition. With the #CaribooGoldProject securing its Mines Act permit just days after Minister Brar’s appointment, it is evident that BC's mining sector is in capable hands, poised for continued success and growth. Did you know 16 of the 31 critical minerals identified in the #CanadianCriticalMineralsStrategy are found in BC? We are also Canada’s largest producer of #copper and the only producer of #molybdenum - both of which are essential for #cleantechnologies. Critical minerals are the backbone of the #cleanenergytransition, and with 17 critical mineral projects on the horizon, BC is poised to play a leading role in supporting this transition. But we must act swiftly. The #greentransition cannot happen without mining, and we are already behind in meeting global demand for critical minerals. We must accelerate the responsible development of #mining projects to ensure a cleaner, more sustainable world for future generations. As part of the team at PRA Communications, I am proud to work with and support mining companies that are not only advancing and operating responsible mining projects in BC and worldwide but also driving economic growth and contributing to the global push for a sustainable and low-carbon future. The time to act is now! Let’s lead the way. #Responsiblemining #MininginBC #Mining #SustainableDevelopment #ResponsibleMining #GreenTransition #FutureOfMining #GreenEnergy #CleanTech #BCMining

The US needs a clear climate-focused mining strategy. Hard to argue. Does today's election impact #mining for the States? There are so many impacts in general where is very clear, but for mining in particular: 🏹 a Harris victory means a faster much more focused #energytransition - this goes directly to value, given that a faster path to #netzero increases demand for #criticalminerals, value for miners 🏹 a Harris victory increases long-term focus on #responsiblemining, with strategies to grow footprints in and beyond the US borders. Geopolitical rivalries with China are clear, getting growth 'right' will deliver #energysecurity and #financialsecurity over time given the reality that the energy transition, #AI/tech and growing populations are all increasing demand for key minerals. A disciplined focus on responsible mining increases value for the mining industry as a whole, while also supporting geopolitical advantage given that responsible practices improve reputations in ways that are good for business The bottom line is that crisp clear integrated strategies are needed quickly. From an artisanal mining perspective, does the US election matter? Although it seems a world apart, the answer is yes. 🏹 the pace of the energy transition as well as the focus on responsible practices both impact opportunities and realities for some of the poorest of the poor. A #justtransition, which aligns much more with what Harris will deliver, includes improving lives for artisanal miners while de-risking downstream value chain implications of supply At #cop16 a few days ago, The Blended Capital Group, Capitals Hub Canada and Alliance for Responsible Mining (ARM) issued a press release sharing our commitment to collaborate on developing and delivering a digital marketplace that opens the door for at-scale capital that supports at-scale formalization in artisanal mining. This platform will deliver meaningful social, economic, ecological and financial value as different categories of investors are leveraged in capital stacks that make sense. The US election doesn't change the underlying logic of this platform in any way, but it provides context on what the mining industry might look like over the long haul. Value implications are clear. https://lnkd.in/gMHjUgYM #mininginvestment #impactinvestment #sdgs #esg https://lnkd.in/gp5svVck

Exciting insights were shared at #PDAC2024 during the panel discussion 'Highlighting the Opportunities of Working Together: Government, First Nations, and Industry,' moderated by Michael Goehring, President and CEO of the Mining Association of BC When probed about opportunities collaboration can provide to BC’s mineral and exploration sector, the panellist had valuable perspectives: Tania Demchuk, Assistant Deputy Minister of BC Ministry of Energy, Mines and Low Carbon Innovation, stressed the importance of continuing to strengthen relationships with the mining sector and First Nations, and leveraging these relationships to make well-informed jurisdictional changes. She also underscored the urgency to work together on transforming the legislation and expediting permits for projects vital for the global energy transition. Paul Blom, First Nations Energy and Mining Council highlighted the importance of leveraging goodwill built over the years and fostering closer ties with the BC Government, Association for Mineral Exploration and Mining Association of BC. Keerit Jutla, President and CEO of AME - Association for Mineral Exploration encouraged a paradigm shift in the discussion – from one that evokes fear to opportunity, justice, and certainty. Additionally, he highlighted the opportunity to become a global benchmark of effective industry-government-Indigenous collaboration and building a system that works. BC Regional Mining Alliance #PDACInsights #CollaborationOpportunities #IndustryLeadership #Criticalminerals #CriticalsMetals #MininginBC #BCMining #ResponsibleMining #BC

A powerful story about the future | BC Mine 2023 | PwC Canada "There are 17 proposed critical minerals mines in development in the province, representing the potential for extraordinary economic returns as the world seeks these indispensable building blocks of a net-zero future."

AMETS Update - NSW Government's Royalty Deferral Scheme. The NSW Government has announced a $250M royalty deferral initiative aimed at easing the financial pressures for early-stage critical minerals projects in NSW. This is part of the government’s new Critical Minerals and High-Tech Metals Strategy, which aspires to position NSW as a global leader in critical minerals.    The plan will:     ✅ Defer royalties for eligible projects to improve cash flow and attract investments.   ✅ Encourage exploration, streamline assessment, and promote domestic manufacturing.   ✅ Establish resilient supply chains and foster skills development.    The strategy aligns with NSW’s commitment to support the clean energy transition and drive sustainable, local manufacturing.    AMETS is here to help you capitalise on this opportunity!    Explore Our Services: Visit www.amets.com.au to see how we support mining exploration, geoservices, and title management.    Contact Us: Reach out at [email protected] for expert assistance with mining tenements, geoservices and exploration in NSW.    Discover the full strategy on the NSW Resources website:     https://lnkd.in/g8dT3_Zb.    Let’s work together to drive growth in NSW’s critical minerals sector!    #NSWMining #CriticalMinerals #AustralianMining #ResourceDevelopment #MiningExploration