Daily Mining Industry Report: March 30, 2025

Daily Mining Industry Report: March 30, 2025

Canadian Developments

• The Metals Company Seeks U.S. Approval for Deep-Sea Mining

  Vancouver-based The Metals Company (TMC) plans to apply for U.S. permits to conduct deep-sea mining in international waters under the 1980 Deep Seabed Hard Mineral Resources Act. This move aims to bypass the International Seabed Authority (ISA), which typically grants such permits. Environmental groups have criticized the initiative, citing potential harm to marine ecosystems and concerns over breaching international law. ​AP News

Global Developments

• Cadia Goldmine Fined for Environmental Breaches

  Cadia Holdings Limited, operating as Cadia Valley Operations in New South Wales, Australia, has been fined $350,000 and convicted for three breaches of clean-air laws. The offences, occurring between November 2021 and May 2023, involved excessive dust emissions that led to elevated heavy metal levels in local rainwater tanks. Newmont Australia, the mine's owner, has committed to rectifying the issues and complying with air quality standards. ​The Guardian

• Trump Family Invests in Bitcoin Mining

  Eric Trump and Donald Trump Jr. are merging their American Data Centers with American Bitcoin, aiming to create the world's largest bitcoin mining company. This venture is part of the Trump family's broader expansion into cryptocurrency, including projects like World Liberty Financial and various digital assets. The initiative seeks to position the U.S. as a global hub for cryptocurrency, despite environmental concerns related to the energy demands of bitcoin mining. ​WSJ

• Greenland's Rare Earth Elements Attract Global Interest

  As Greenland's ice melts due to climate change, vast reserves of rare earth elements essential for modern technologies are becoming accessible. The Greenlandic government aims to diversify its economy by tapping into these resources, despite environmental and logistical challenges. The strategic importance of these minerals has drawn attention from global powers, including the U.S. and China.

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