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Mincore

Mining Brief - May 5, 2023

1) China has criticized Canadian Prime Minister Justin Trudeau's comment that linked Chinese-produced lithium to slave labor, warning that Canada could face consequences if it continues "denigrating maliciously" the human rights in China. “His words disregarded facts and confounded black with white. The Chinese side expresses its strong dissatisfaction and resolute opposition to this,” the Chinese Embassy in Ottawa said in a statement. “We urge Canada to take a hard look at itself in the mirror, deeply repent its wrongdoing, and take concrete steps to address its own serious human rights problems,” the embassy added. “The Canadian side should respect facts, set aside prejudice, and stop denigrating maliciously the human rights situation in China, otherwise Canada will certainly take the consequences.” This is a clear example on why the US needs to maintain and control their own supply chain as foreign sources, especially hostile ones, can cause a disruption to the way we live, and the way we defend ourselves.


2) Freeport - McMoRan has donated an ambulance to New Crossroads Academy, an online accommodation high school. The vehicle will enable the school to bring connectivity, resources and support to the opportunity youth population of the county. The ambulance will be converted into a connected mobile learning center that can access students in remote areas of Cochise County and other parts of Arizona. Cochise County Superintendent of Schools Jacqui Clay said that the mobile learning center will be a powerful tool in helping students earn their high school diplomas and certifications. “We are humbled and deeply appreciate this donation; it will help us serve and support our students in Cochise County,” she said.


3) Chile's government said that it will resume talks on key reforms with local political parties next week after Sunday's election for Constitutional Council, according to Finance Minister Mario Marcel. “Some political groups had asked us to wait until after the elections to resume talks and reach a fiscal agreement,” Marcel told reporters in a televised press conference on Thursday. Chile's government is still looking to revived its tax reform proposal after its initial legislation was rejected by Congress in March for higher royalties on mining companies.

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