Daily Mining Industry Report: March 01, 2025

Daily Mining Industry Report: March 1, 2025

Canadian Developments

• Equinox Gold to Acquire Calibre Mining for $2.56 Billion
  Equinox Gold Corp. has announced plans to acquire Calibre Mining Corp. in a deal valued at $2.56 billion. This acquisition is set to position the combined entity as Canada's second-largest gold producer, enhancing its portfolio with assets across North and South America.

• Fury Gold Mines to Acquire Quebec Precious Metals
  Fury Gold Mines has agreed to acquire Quebec Precious Metals, effectively doubling its land package in the James Bay region. This strategic move aims to bolster Fury's exploration footprint in this underexplored area. mining-journal.com

• Artemis Gold Continues Ramp-Up at Blackwater Mine
  Artemis Gold has reported ongoing progress in ramping up operations at its Blackwater gold mine in British Columbia. Following the first gold and silver doré pour on January 29, the company is advancing towards achieving full production capacity. magazine.cim.org

Global Developments

• India Expands Global Mining Efforts to Secure Critical Minerals
  India is actively seeking to secure supplies of critical minerals such as lithium by exploring mining opportunities in Zambia, the Democratic Republic of Congo (DRC), and Australia. The Zambian government has allocated 9,000 km² to India for cobalt and copper exploration, while assessments are underway in the DRC and Tanzania. mining-technology.com

• Weir Group to Acquire Micromine
  Weir Group has entered into a binding agreement to acquire Mining Software Holdings Pty Ltd (Micromine) for £657 million (AUS$1,310 million). Micromine is a leading global software provider to the mining industry, offering comprehensive solutions across the upstream mining value chain. globalminingreview.com

• First Quantum Minerals Seeks Approval to Export Copper from Panama
  Canada's First Quantum Minerals (FQM) is seeking approval from the Panamanian government to export copper concentrate from its Cobre Panamá mine, which has been shut down since November 2023. Approximately 120,000 metric tonnes of copper concentrate are currently stockpiled at the site. reuters.com

Technological Advancements

• Sustainable Copper Extraction Research in London
  The Rio Tinto Centre for Future Materials, based at Imperial College London, is researching sustainable methods for copper extraction. Innovations include using underground copper-rich brines and genetically modified plant-bacterial systems to meet increasing demand while minimizing environmental impact. theguardian.com

Market Trends

• J.P. Morgan's 'Sustainable' Funds Invest in Glencore
  J.P. Morgan's "sustainable" investment funds have come under scrutiny for investing over £200 million in mining giant Glencore, a company criticized for its coal operations in South Africa. This raises concerns about the criteria for ESG (Environmental, Social, and Governance) investments. theguardian.com

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