Daily Mining Industry Report: March 19, 2025

Daily Mining Industry Report: March 19, 2025

Canadian Developments

• Alberta Lifts Ban on Coal Exploration in Eastern Slopes
  The Alberta government has lifted its ban on coal exploration and development in the Eastern Slopes of the Rocky Mountains, reinstating the 1976 Coal Policy. This decision follows legal challenges from companies like Cabin Ridge and Hancock Prospecting, which claimed significant financial losses due to previous bans. Valory Resources, an Australian-led Canadian company, is poised to benefit with its Blackstone project, focusing on underground steelmaking coal. ​

• Canada's Mining Investment in Africa Boosted by New Strategy
  Canada has unveiled a new Africa strategy, enhancing its $37 billion mining investments across the continent. This initiative aims to strengthen economic ties and support sustainable mining practices in African nations. ​Energy Capital Power

Global Developments

• Greenland's Rare Earth Deposit Sparks Controversy
  In Narsaq, Greenland, residents are concerned about potential mining activities at the Kvanefjeld plateau, which holds significant rare earth and uranium deposits. Energy Transition Minerals (ETM), an Australian company partly backed by China, is seeking legal action to exploit the deposit, raising environmental and cultural concerns among locals. ​The Guardian

• China Increases Funding for Strategic Minerals Exploration
  China has significantly boosted state support for domestic mineral exploration to achieve self-sufficiency in strategic minerals essential for advanced technologies. This move comes amid escalating trade tensions with the United States. ​Financial Times

• Conflict in Congo Disrupts Global Tin Supply
  Operations at the Bisie tin mine in the Democratic Republic of Congo have been suspended due to advances by the M23 rebel group. This mine accounted for approximately 6% of the global tin supply, and its closure has led to a significant surge in tin prices on the London Metal Exchange. ​The Guardian+3Reuters+3MiningWatch Canada+3

• Uranium Market Faces Geopolitical Challenges
  The uranium market has experienced a 12% drop in spot prices, influenced by geopolitical uncertainties, including tariffs on Canadian uranium and U.S. policy towards Russia. Despite these short-term fluctuations, long-term demand remains robust due to new reactor constructions and existing plant operations. ​The Wall Street Journal

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