Daily Mining Industry Report: March 31, 2025
March 31, 2025Daily Mining Industry Report: April 02, 2025
April 2, 2025Daily ining Industry Report: April 1, 2025
Canadian Developments
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Extension of Mineral Exploration Tax Credit (METC)
The Government of Canada has extended the 15% Mineral Exploration Tax Credit (METC) available to investors in flow-through shares by two years, until March 31, 2027. This extension aims to support investment in domestic mineral exploration and bolster Canada's mineral exploration potential. GlobeNewswire+3Wildeboer Dellelce LLP+3MINING.COM+3MINING.COM+2PDAC+2Wildeboer Dellelce LLP+2
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Alberta Lifts Moratorium on Coal Exploration
In January 2025, the Alberta government lifted its moratorium on new coal exploration and development in the Eastern Slopes of the Rocky Mountains. This decision reinstates the 1976 Coal Policy, allowing coal companies to resume exploration and development on previously restricted lands, except for Category 1 lands, which include parks, wilderness areas, and wildlife sanctuaries. The move has sparked public debate due to environmental concerns. Wikipedia
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Grande Portage Resources Advances New Amalga Gold Project
Vancouver-based Grande Portage Resources has initiated environmental studies for the proposed New Amalga Gold Deposit near Juneau, Alaska. This development aligns with the U.S. administration's push to increase domestic mineral production amid surging gold prices. Alaska Public Media
Global Developments
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White House Considers Executive Order to Expedite Deep-Sea Mining
The U.S. administration is contemplating an executive order to fast-track permits for deep-sea mining in international waters. This initiative aims to secure critical minerals like nickel and copper, essential for the economy. Environmentalists have raised concerns about the significant ecological risks associated with deep-sea mining.
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Copper Prices Surge Amid Tariff Speculations
U.S. copper futures have risen 26% this year to $5.02 per pound, driven by the threat of import tariffs from President Trump. This surge has led to increased market activity and a scramble for copper, reflecting its critical role in various industries, including manufacturing and renewable energy. WSJ
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French Polynesia Opposes Deep-Sea Mining
President Moetai Brotherson of French Polynesia has expressed strong opposition to deep-sea mining in the region, citing severe environmental risks that outweigh potential economic benefits. This stance highlights the growing debate over the environmental implications of seabed resource exploitation.
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Indigenous Protests at Glencore's Antapaccay Mine in Peru
Indigenous communities have blocked access to Glencore's Antapaccay copper mine in Peru's Cusco region, protesting an expansion plan due to environmental concerns. The blockade has delayed mine vehicle access, underscoring ongoing tensions between mining operations and local communities. Reuters
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Lipari Mining Ltd. Commences Trading on Cboe Canada
Lipari Mining Ltd., formerly Golden Share Resources Corporation, has received final approval to commence trading on Cboe Canada. This development marks a significant milestone for the company following a reverse takeover transaction with Lipari Diamond Mines Ltd. Newsfile+1Press Releases & Investor Relations+1
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