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An April surprise: miners are cheering for their government

Michael McCrae

Kitco News

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News this week that Ottawa plans to spend C$3.8 billion ($3.02 billion) to support battery metals was welcomed by miners.

On Friday mining audiences manager Michael McCrae hosted Kitco Roundtable.

The Canadian government announced the funding it its budget. Funds would go to mineral surveying, processing and recycling, as well as tax credits for digging new mines and subsidies for infrastructure. Regulatory oversight, however, would mostly stay the same.

"$3.8 billion for minerals and metals, and that’s not including other budget items, like the $15B Clean Growth Fund, a piece of which will doubtless support critical minerals. A time for celebrating Canadian #mining and its role in #climateaction," tweeted Pierre Gratton, President and CEO of the Mining Association of Canada, supporting the measure.

Sponsor of Kitco Roundtable was Golden Minerals.

By Michael McCrae

For Kitco News

Contact mmccrae@kitco.com
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.