Daily Mining Industry Report: February 5, 2025
February 5, 2025Daily Mining Industry Report: February 7, 2025
February 7, 2025Daily Mining Industry Report: February 6, 2025
Canadian Mining Developments
Fundraising by Junior and Intermediate Miners Hits Lowest Since 2019
In 2024, funds raised by junior and intermediate mining companies dropped by 12% to US$10.3 billion globally, marking the lowest level in five years. This decline reflects challenges in securing investments for exploration and development projects.
Teck Resources CEO Focuses on Copper Expansion
Jonathan Price, CEO of Teck Resources, is steering the company towards expanding its copper business, essential for the energy transition. Despite challenges, including a recent hostile takeover bid by Glencore, Price emphasizes resilience and strategic growth in the copper sector.
Global Mining News
Anglo American CEO Warns of Rising Production Costs Due to US Tariffs
Duncan Wanblad, CEO of Anglo American, cautions that new US tariffs will increase mining production costs globally for years. The tariffs, part of a broader trade conflict, are expected to cause market volatility and inflation, affecting commodities like oil, gas, and various metals.
Great Divide Mining Uncovers Significant Gold Deposits in Queensland
Great Divide Mining Ltd has revealed significant gold deposits at Devils Mountain, about 40 km northwest of Gympie, Australia. Using LiDAR technology, the company identified numerous historical mine workings, indicating substantial gold mineralization.
Industry Demands Overhaul to Revive South African Mining
At the Mining Indaba conference, industry leaders called for sweeping changes to modernize South Africa's mining sector. Proposed reforms aim to address regulatory challenges, infrastructure deficits, and investment hurdles to rejuvenate the industry.
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