Global Scans · Mining · Weekly Summary

• [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
• Mining companies are scrambling to increase production in other parts of the world, but mines take 5-10 years to open, which could lead to lithium shortages a s early as 2025. Electric & Hybrid Vehicle Technology International
• Based on the latest Mineral Resources and Ore Reserves, CAML expects Sasa to maintain annual production rates of between 800,000 and 830,000 tonnes per annum for an expected life of mine of 15 years until 2039. TradingView
• One case study for a mine in Australia indicated that off-grid mines could save 76% of their operating expenses by switching to renewable power and LDES and achieve full decarbonization at a savings of $609 per tonne of CO2 abated. Euronews.com
• With the Zambian government's ambitious plans to increase copper production to 3 million metric tonnes by 2032, from 760,000 tonnes in 2022, Zambia's economic trajectory is intimately tied to mining. UCL Institute for Sustainable Resources
• Mining is expected to offer high growth potential over the decades ahead driven by demand for metals, such as copper, nickel and lithium, that will enable the global transition to net zero. MarketScreener
• NASA recently announced its own plans to explore harvesting resources from the Moon within the next 10 years to support its Artemis plans, hoping to establish large scale lunar regolith mining by 2032 and extracting resources such as water, iron, and rare metals. Gizmodo
• Emissions from abandoned coal mines could represent a significant share of methane emissions from coal mines globally. IEA
• Canadian mining and exploration companies agreed that their most-pressing challenges are: Identifying and mitigating environmental, social, and governance (ESG) risks, raising capital, reducing costs, and overcoming regulatory hurdles. Yahoo Finance
• Canada's role in sustainable mineral development and mining innovation was emphasized, alongside efforts to create economic opportunities, good jobs, and reduce carbon emissions. Batteryjuniors.com

Last updated: 12 April 2024