Daily Mining Industry Report: March 15, 2025

Daily Mining Industry Report: March 15, 2025

Canadian Developments

• Epiroc Secures Major Order for Battery-Electric Vehicles
  Epiroc AB has received a significant order from Hudbay Minerals Inc. for a fleet of battery-electric vehicles to be used in an underground mine in Canada. This move aligns with the industry's shift towards sustainable mining practices. ​

• 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 amid 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

Global Developments

• Gold Prices Reach Historic Highs
  Gold prices have surpassed $3,000 an ounce for the first time, driven by central bank purchases and global economic uncertainties. This milestone underscores gold's enduring role as a safe-haven asset during turbulent times. ​mining.com

• AVZ Minerals Advances Legal Proceedings Over Congo Lithium Project
  AVZ Minerals has achieved a favorable ruling from an international arbitration court, ordering the Democratic Republic of Congo's state-owned mining company to pay €39.12 million plus interest. This development strengthens AVZ's position amid discussions with the U.S. regarding the Manono lithium project's future operations. ​

• Challenges in Competing with China's Critical Mineral Dominance
  China's control over global critical mineral supplies, especially graphite, continues to challenge U.S. companies like Syrah Resources. Despite significant investments and government backing, Syrah's operations have struggled due to China's ability to offer low-cost graphite, driving prices down and rendering Syrah's operations unprofitable. ​wsj.com

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