Courtesy of Osler. View original article here. Despite all of the uncertainties of the global pandemic (or perhaps because of them), 2020 saw a resurgence in the mining industry. While travel restrictions and due diligence limitations made it difficult to complete large cap multi-asset transactions, a steady strengthening of commodity prices (especially gold) acted as… [Read More…] about All That Glitters: 2020 Mining Review
Mining
Oil & Gas in Canada: Update 2020
Courtesy of Stikeman Elliott. View original article here. The latest edition of Oil and Gas Activity in Canada, Stikeman Elliott’s legal guide to the oil and gas industry in Canada, is now available. Written by our Alberta-based experts, the updated 2020 guide provides information on the Canadian laws and regulations affecting the industry. The topics that are… [Read More…] about Oil & Gas in Canada: Update 2020
BC Introduces Bill 6 to Align the Province’s Mining Sector with Global Best Practices
Courtesy of Osler. View original article here. Introduction On June 22, 2020, the Government of British Columbia introduced Bill 6 – 2020: Mines Amendment Act, 2020 (Bill 6) in the Legislative Assembly. The proposed amendments will restructure the Ministry of Energy, Mines and Petroleum Resources by establishing a new Mine Audits and Effectiveness Unit to be led by… [Read More…] about BC Introduces Bill 6 to Align the Province’s Mining Sector with Global Best Practices
BC Introduces Proposed Amendments to the Mines Act
Courtesy of McCarthy Tetrault. View original article here. The BC government has introduced proposed changes to the Mines Act (the Act) in Bill 6 (Mines Amendment Act, 2020), which passed its First Reading in the Legislative Assembly on June 22, 2020. The proposed changes were developed in response to lessons learned from the 2014 tailings spill at the Mount… [Read More…] about BC Introduces Proposed Amendments to the Mines Act
PDAC: Lots to Talk About
Courtesy of Osler. View original article here. In our summary of PDAC last year, we noted it was finally a time that “the mining industry got back to work with greater businesslike focus than we have seen in recent years.” We’re happy to say in our view that trend continued in many respects at PDAC 2019.… [Read More…] about PDAC: Lots to Talk About
2018 Top Ten: Regulatory Decisions of Import to the Canadian Energy Industry
Courtesy of Borden Ladner Gervais. View original article here. At the beginning of 2018, our review of the 2017 Canadian regulatory events described them as dramatic, but the 2018 saga turned out to be nothing short of a blockbuster. Pressure built up to a bubble point at the federal and provincial levels of governments, and at the National… [Read More…] about 2018 Top Ten: Regulatory Decisions of Import to the Canadian Energy Industry
Mining Industry Trends: Strategic Investment Transactions
Courtesy of Stikeman Elliott. View original article here. The combination of macroeconomic uncertainty and speculation over trade wars has not been kind to commodity prices or the mining industry lately. The impact has been especially felt among junior companies without producing assets, as financiers and the public capital markets are reluctant to take on exploration… [Read More…] about Mining Industry Trends: Strategic Investment Transactions
Gross Overriding Royalty as Interest in Land – the Clear Language Conundrum Continues
Courtesy of Borden Ladner Gervais. View original article here. In 2002 the Supreme Court of Canada, in Bank of Montreal v Dynex Petroleum Ltd, 2002 SCC 7 (Dynex) affirmed that gross overriding royalty interests (GOR) could constitute interest in land provided the parties so intended and that intention was sufficiently evidenced in an agreement. The case-by-case application of Dynex appears to… [Read More…] about Gross Overriding Royalty as Interest in Land – the Clear Language Conundrum Continues
Royalties are an Interest in Land (But can they be vested out? Stay tuned.)
Courtesy of Stikeman Elliott. View original article here. In a recent decision, the Ontario Court of Appeal determined that gross overriding royalties on certain Ontario mining claims constituted interests in land, finding that a right to enter and explore land is not a necessary incident of an interest in land. However, the court left for… [Read More…] about Royalties are an Interest in Land (But can they be vested out? Stay tuned.)
PDAC 2018: Mining Sector Gets Back to Work
Courtesy of Osler. View original article here. While PDAC 2018 was not on par with PDAC 2011 (where it seemed everyone was executing mergers and bought deals were the order of the day), in our view, 2018 can be summed up as the year the mining industry got back to work with greater businesslike focus… [Read More…] about PDAC 2018: Mining Sector Gets Back to Work