Daily Mining Industry Report: March 05, 2025
March 5, 2025Daily Mining Industry Report: March 07, 2025
March 7, 2025Daily Mining Industry Report: March 6, 2025
Canadian Developments
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Teck Resources Redirects Zinc Sales to Asia Amid U.S. Tariffs
In response to the U.S. administration's imposition of 25% tariffs on Canadian imports, Teck Resources Ltd. is planning to divert its zinc sales from the U.S. to Asian markets. The company is securing storage and port facilities in Canada to facilitate these exports. reuters.com -
Alberta Lifts Moratorium on Coal Exploration in Eastern Slopes
The Alberta government has lifted its moratorium on new coal exploration and development in the Eastern Slopes of the Rocky Mountains, reinstating the 1976 Coal Policy. This decision allows coal companies to resume activities in previously restricted areas, sparking public debate over environmental concerns. en.wikipedia.org
Global Developments
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Mali Suspends Artisanal Mining Permits for Foreigners
Mali has suspended the issuance of new artisanal mining permits to foreign companies following a series of fatal accidents at mining sites. This measure aims to enhance safety and regulatory oversight in the sector. apnews.com -
Rio Tinto to Develop New Iron Ore Mine in Australia
Rio Tinto announced plans to develop the Brockman Syncline 1 iron ore mine in Western Australia's Pilbara region. The project is expected to create approximately 1,000 construction jobs and process up to 34 million tonnes of iron ore annually, with production slated to begin in 2027.
Market Trends
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Endeavour Mining Shares Rise Amid Market Downturn
Shares of Endeavour Mining PLC rose by 4.90% to £16.70, despite a general market decline where the FTSE 100 Index dropped 0.83% to 8,682.84. However, the stock remains 14.09% below its 52-week high of £19.44. marketwatch.com
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The information in our daily posts is intended solely for general informational purposes. We do not guarantee the accuracy, completeness, or reliability of any content provided, and we are not responsible for any errors, omissions, or outcomes resulting from using this information. Readers are advised to verify facts independently and consult appropriate professionals or official sources before making any decisions or taking action based on these reports—all responsibility lies with the reader.
