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  • Pages
  • Editions
01 Cover
02 Welcome Letter / Sections
03 Article & Interview Directory
04 Section 1: Introduction
05 Introduction to Mining in Ontario
06 Government of Ontario Interview
07 Ontario Mining Association (OMA) Interview
08 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Interview
09 Navigating Uncertainty
10 Ormston List Frawley LLP Interview
11 PDAC Interview
12 Section 2: Production and Development in Ontario
13 Production in Ontario
14 Map of Ontario Mines
15 Newmont Interview
16 Barrick Gold Interview
17 Wesdome Gold Mines Interview
18 Alamos Gold Interview
19 Evolution Mining Interview
20 A New Wave of Ontario Gold Mines
21 Argonaut Gold Interview
22 Equinox Gold Interview
23 Industry Thoughts: Production and Development in Ontario
24 Section 3: Mining Finance
25 Mining Finance and Investment
26 Insights from the Toronto Stock Exchange
27 PearTree Securities Interview
28 Triple Flag Interview
29 Red Cloud Securities Interview
30 IBK Capital Interview
31 Stifel Interview
32 Roth Canada Interview
33 Industry Thoughts: Mining Finance Trends
34 Section 4: Toronto's Global Reach
35 Toronto’s Global Reach
36 Toronto's Global Reach Map
37 Rupert Resources Interview
38 Eloro Resources Interview
39 Industry Thoughts: Global Operations Based in Ontario
40 Eyes on Latin America
41 Torex Gold Resources Interview
42 Minera Alamos Interview
43 Sable Resources Interview
44 Section 5: Junior Exploration
45 Junior Exploration
46 Great Bear Resources Interview
47 Exploring Across Canada
48 O3 Mining Interview
49 Purepoint Uranium Group Interview
50 ALX Resources Interview
51 Industry Thoughts: Gold Juniors Have Their Say
52 Gold Juniors Replacing Depleting Resources
53 Moneta Gold Interview
54 Goldshore Resources Interview
55 Galleon Gold Interview
56 Element79 Gold Interview
57 Signature Resources Interview
58 Section 6: ESG and the Battery Materials Supply Chain
59 Transition Metals on the Rise
60 Conquest Resources Interview
61 Generation Mining Interview
62 Inventus Mining Interview
63 Noble Mineral Exploration Interview
64 The Move to Combat Climate Change Gathers Pace
65 Insights from Onyen Corporation
66 Thorn Associates Interview
67 Leading the Charge
68 Electra Battery Materials Interview
69 Frontier Lithium Interview
70 Industry Thoughts: Entering The Transition Economy
71 The Battery Material Supply Chain
72 ION Energy Interview
73 Clean Air Metals Interview
74 Section 7: Services, Technology and Innovation
75 Engineering, Construction & Consultancies
76 Ausenco Interview
77 Cementation Americas Interview
78 PCL Construction Interview
79 Redpath Mining Interview
80 Technological Advancements & Innovation
81 Industry Thoughts: Canadian Associations
82 EY Interview
83 Maestro Digital Mine Interview
84 Centric Mining Systems Interview
85 Industry Thoughts: OEMs Have Their Say
86 Drone Delivery Canada Interview
87 Sofvie Interview
88 Novamera Interview
89 Industry Thoughts: Paving the Way for ESG Reporting
90 Section 8: Company Profiles
91 Wesdome Company Profile
92 ION Energy Company Profile
93 PearTree Securities Company Profile
94 Ormston List Frawley Company Profile
95 Maestro Digital Mine Company Profile
96 Sofvie Company Profile
97 Credits

Theo Yameogo, EY Americas Mining & Metals Leader, EY Canada Mining & Metals Leader,

ERNST & YOUNG

"The EY annual review of risks and opportunities finds environment and social, decarbonization and license to operate are the top risks facing miners over the next 12 months."

How significant is mining to EY’s business in Canada?

Last year, EY launched the Americas Mining and Metals Centre of Excellence, a growth engine that will allow us to respond to the energy transition requirement facing the industry. Millions of dollars are invested in the centre to offer companies across North and South America access to cutting-edge services and innovation-led solutions. We are working closely with key industry players such as NORCAT, Exyn Technologies, Sympact and Enviro Integration Strategies to bring this to clients. An example of our work in Canada is our collaboration with Exyn, where we are working on a solution that will allow us to monitor tailings using robotic drones alongside automation. The team from EY automates the calculations and dashboarding for the mining companies and the drone captures the data using IoT devices and geotechnical sensors then send it through the Cloud. This allows monitoring of tailings at any given time.

What challenges is the industry facing in the technological and digital realms and how can EY support?

While digital transformation will remain in boardroom discussions, the priority item on all agendas is ESG. The EY annual review of risks and opportunities finds environment and social, decarbonization and license to operate are the top risks facing miners over the next 12 months. But navigating these pillars is increasingly challenging given the breadth of issues the sector faces, coupled with the myriad of reporting standards they need to adhere to. Greater investments in digital and innovation will be needed to help companies diversify and differentiate.

As companies make greater and more rapid investments in technology to drive optimal efficiency, they cannot ignore a major growing risk: cybersecurity. Ongoing integration between IT and OT networks, reliance on third parties with less secure networks and limited workforces are all creating new entry points for cybercrime. We are working with clients to assess the business risks, critical assets and risk event scenarios to not only respond, but mitigate cyber threats.

How can the mining industry achieve Net Zero and is it attainable without carbon credits?

Net Zero goes back to an equation on input and output. Carbon credits or offsets seem to be one of the easiest ways. Regardless, we’ll expect to see most of our clients change the way they do business on their journey to achieve net-zero emissions. For example, some are reducing diesel and HFO usage, and others are investing in solar farms. Another trend is the electrification of equipment to help cut back on diesel usage. Overall, the industry is mixing both; using offsets and changing their approach to mining to make it more sustainable. At EY, we’re proud to have achieved carbon negative in 2021 and look forward to progressing on our target to become net zero by 2025.

Are there enough resources in the world to achieve the global target of reducing emissions by 45% by 2030 or are new technologies needed?

For the mining industry, the role is two-fold. Companies must address their carbon footprint and reduce emissions, while providing the minerals and materials needed to help companies in adjacent industries do the same. But balancing the two is becoming increasingly complex. And with recent calls from the UN Climate Change Conference of the Parties (COP26) demanding all businesses to take action, the pressure is mounting for Canadian mining and metals companies to accelerate their decarbonization efforts.

Goodwill is not enough to force change. It’s going to take collective action, progressive regulation and new technologies to help reach ambitious carbon reduction goals.

Do you have a final message to share with our readers?

Whether stone, bronze, iron, silica (computer processors) or beyond, every industrial revolution has been reliant on the mining industry to achieve meaningful progress. Today’s landscape is no different. We must build a sustainable, equitable sector that can help deliver the critical minerals needed to accelerate energy transitions and achieve decarbonization efforts.

Next:

Interview: Maestro Digital Mine