Global Scans · Mining · Weekly Summary

• [New] By 2030, mines in production or currently under construction will only meet half of global demand for battery metals like lithium and cobalt. Mining Weekly
• [New] Growth in mining and quarrying will depend on developments in global commodity prices and the opening of new mining sites. Asian Development Bank
• [New] Mercury contamination is a long-term threat, which has actually increased over the last decade due to the increase in gold prices and the subsequent boom in wildcat mining. Mongabay Environmental News
• [New] Zurich Insurance Group AG will no longer underwrite new oil and gas projects, and is cracking down on clients planning to expand in coal mining for the steel industry. Extinction Rebellion UK
• [New] As the U.S. pursues its nuclear power potential, environmentalists and Native American leaders remain fearful of the consequences for communities near mining and milling sites in the West and are demanding more regulatory oversight. Voice of America (VOA News)
• [New] While there is ample supply, there are risks to mine supply from both Russia as well as South Africa. Monex Precious Metals
• [New] Some NEAs or PHAs could be forced into an Earth orbit beyond the Moon and used for mining rare metals and rare Earth elements. SpringerLink
• [New] Up to a third of Africa's great apes are threatened by a boom in mining projects for minerals required for the renewable energy transition, new research shows. The Guardian
• [New] Lepidolite mining and new projects in China and worldwide are taking a big hit from prices, while other types of lithium mines that provide some relative cost advantages, especially brines in South America, will keep on a fast-growing pace. MarketScreener
• [New] PTX Metals is a minerals exploration Company with two flagship projects situated in northern Ontario, renowned as a world-class mining jurisdiction for its abundance of mineral resources and investment opportunities. Junior Mining Network
• [New] Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson has confirmed. ENS
• [New] The world will need up to 100,000 metric tons of uranium per year by 2040, which would mean nearly doubling mining from current levels. Yale E360
• [New] The mining sector explores how policy changes in Tanzania are incentivizing investors and driving growth in the mining sub-sector, showcasing opportunities for economic development. Nairobi Law Monthly
• [New] Canada's remote Arctic region, home to around 86 000 people, is facing the complete closure of all the diamond mines by 2030 and is looking for ways to keep mining alive. Mining Weekly
• [New] There are roughly 50 mines expected to open across Europe by 2030 to provide critical minerals that are necessary for aspects of the energy transition. Euronews.com
• [New] The prospect of more miners tapping the Texas grid has sparked concern among stakeholders who believe, variously, that the influx of mining activity will lead to blackouts, increase the price of energy for consumers, drive up carbon emissions, and damage Texans' quality of life. Wired
• Immediate value creation - the combination of Island Gold and Magino is expected to unlock pre-tax synergies of approximately US$ 515 million 1 over the life of mine. Stockhouse
• Bhutan's economy is expected to grow by 5.7% in FY24 / 25, supported by higher electricity production alongside growth in mining, manufacturing, and tourism. World Bank
• With a total project investment of $1 billion, the new phosphate mine and plant complex will have a production capacity of 1 million metric tons per year of advanced phosphate fertilizers. Chemical Engineering
• At steady run-rate, Cote Gold is expected to be within the largest operating gold mines in Canada with an expected mine life exceeding 18 years and significant opportunities for growth. Junior Mining Network
• There remains another 1.4 million ounces of gold contained in inferred resources in Snow Lake that have the potential to maintain strong annual gold production levels beyond 2030 and further extend the mine life in Snow Lake. Stockhouse
• Failure to achieve the target production and cost performance by 2026 would potentially reduce Mineral Reserves and shorten the mine life. MarketScreener
• By capitalizing on emerging sectors, fostering growth in existing ones and establishing global connections, Saskatchewan is poised to become a hub for diverse opportunities in critical minerals, agriculture, mining, energy and innovation. Government of Saskatchewan

Last updated: 19 April 2024