Daily Mining Industry Report: March 09, 2025

Daily Mining Industry Report: March 9, 2025

Canadian Developments

• Alberta Lifts Coal Exploration Moratorium Amid Legal Challenges
  The Alberta government has lifted its moratorium on coal exploration and development in the Eastern Slopes of the Rocky Mountains, reinstating the 1976 Coal Policy. This decision comes in the face of lawsuits from companies such as Cabin Ridge and Hancock Prospecting, which claimed significant financial losses due to the previous bans. Valory Resources, an Australian-led Canadian company, is poised to benefit from this policy change with its Blackstone project, focusing on underground steelmaking coal. ​theaustralian.com.au

• Teck Resources Plans to Redirect 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 developing plans to sell its zinc products to Asian markets instead of the United States. The company is reserving storage capacity and securing port space in Canada to facilitate these exports. ​

Global Developments

• BHP Enters Agreement to Explore Copper Projects in Botswana
  Mining giant BHP has entered into an eight-year "earn-in" agreement with ASX-listed Cobre to fund the exploration of the Kitlanya East and West prospects in Botswana's Kalahari Copper Belt. Under the agreement, BHP can secure up to a 75% stake in the projects, with Cobre retaining 25%. The collaboration aims to discover potential tier-1 copper-silver deposits, bolstered by a cash injection and technological support from BHP. ​news.com.au+1reuters.com+1

• Greenland Faces Legal Challenge Over Uranium Mining Ban
  Greenland's government is facing an $11.5 billion compensation claim from Energy Transition Minerals (ETM) after banning uranium mining due to environmental concerns. The ban halted a $7.5 billion mining project, one of the world's largest rare-earth mineral and uranium deposits, raising tensions between economic development and environmental preservation. ​theguardian.com+1theaustralian.com.au+1

• Brazilian Potash Project Divides Indigenous Tribe
  A proposed $2.5 billion potash mining project by Brazil Potash Corp in the Amazon rainforest has caused division within the Mura Indigenous tribe. While some members view the project as an economic opportunity, others express concerns over environmental risks, including potential water contamination and deforestation.

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