Welcome back to your weekly mining news recap, where we catch you up on some of the news you may have missed. This week’s headlines include Quebec’s aluminum sector awaiting federal funding, Agnico Eagle selling its stake in Orla Mining, and Barrick exiting Canadian gold production. 

Teck Resources and Anglo American will merge in a US$70 billion deal to form Vancouver-headquartered Anglo Teck, the world’s fifth-largest copper producer. Anglo Teck plans to integrate Teck’s Quebrada Blanca mine with Anglo’s Collahuasi mine, located just 15 kilometres apart in northern Chile, which is expected to add roughly 175,000 tonnes of copper per year. The merger is expected to close within 12 to 18 months, subject to shareholder and regulatory approval, including a review under the Investment Canada Act. 

New Found Gold is set to acquire Maritime Resources for around $292 million, uniting two gold projects in Newfoundland and Labrador. The merger will combine New Found’s Queensway gold project, targeted for 2027 production, with Maritime’s Hammerdown project, aiming for initial output this year and ramping up to full capacity by early 2026. Completion of the deal is expected in the fourth quarter of this year. 

Ontario is investing almost $62 million in the Main Street Rehabilitation Project in Geraldton, an infrastructure project that will be the first step in establishing all-season road access to the Ring of Fire region and connecting remote northern communities to the provincial highway network, CBC News reported. Part of a broader corridor plan, it involves partnerships with First Nations, improved infrastructure and eventual connection to other northern roads. Construction could begin in the fall. 

Quebec’s aluminum sector could receive “hundreds of millions” from Ottawa’s new $5 billion tariff relief fund, Industry Minister Mélanie Joly said, as U.S. tariffs on Canadian aluminum and steel remain at 50 per cent, The Canadian Press reported. The fund was announced on Sept. 5 as part of a set of tariff relief measures. 

Agnico Eagle Mines has divested its entire 11 per cent interest in Orla Mining, selling the shares to buyers in Canada, the United States and elsewhere for a total of $561 million, The Northern Miner reported. The move is expected to free up capital for some of Agnico Eagle’s key projects, including its Hope Bay gold project in Nunavut and the Odyssey underground mine expansion at its Canadian Malartic complex in Quebec. 

Barrick Mining will sell its Hemlo gold mine in Ontario to Carcetti Capital for up to US$1.09 billion, divesting its last producing Canadian mine, Reuters reported. Carcetti will finance the deal through a mix of loans, a gold stream with Wheaton Precious Metals and funds from a private placement. The deal, which is expected to close in the fourth quarter of this year, will see Carcetti renamed as Hemlo Mining Group. 

The Consolidated Mining Standards Initiative has unveiled a new governance model, as it works to merge four major frameworks into a single global mining standard, Canadian Mining Journal reported. The draft, covering 24 performance areas, aims to simplify responsible mining practices across commodities and value chains, and is expected to be adopted by nearly 100 companies at around 600 sites across the globe. 

Saint Mary’s University in Halifax, Nova Scotia, is launching a new resource engineering program to fill the gap of Dalhousie University’s discontinued mining program, aiming for its first graduates by 2028, Kelsey Rolfe reported for the September/October issue of CIM Magazine. The program will blend technical training with project management, Indigenous engagement and mine life-cycle studies.  

Corey Tucker, president of ICI Innovations, argued in the August issue of CIM Magazine that Canada’s ambitious resource goals are undermined by outdated, fragmented project approval systems—not regulation itself. Lengthy, inefficient processes can erode trust and delay projects. While modern digital platforms already exist in Canada to streamline collaboration, reduce delays and improve transparency, their success depends on governments and industry embracing these innovations. 

That’s all for this week. If you’ve got feedback, you can always reach us at editor@cim.org. If you’ve got something to add, why not join the conversation on our Facebook, Twitter, LinkedIn or Instagram pages?