Daily Mining Industry Report: April 14, 2025

Daily Mining Industry Report: April 14, 2025

🇨🇦 Canadian Highlights

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

Vancouver-based The Metals Company (TMC) plans to bypass the International Seabed Authority by seeking U.S. permits under a 1980 law, aiming to commence deep-sea mining in international waters. This move has sparked legal and political controversy, with critics arguing it undermines multilateral agreements. ​WSJ

Summit Nanotech Secures $25.5 Million for Lithium Extraction Technology

Calgary's Summit Nanotech has closed a US$25.5 million funding round led by Evok Innovations and BDC Capital’s Climate Tech Fund. The investment aims to accelerate the development of sustainable lithium extraction technologies, aligning with Canada's critical minerals strategy. ​Global Mining Review

🌍 Global Developments

Northern Star Nears Completion of $6.1 Billion De Grey Mining Takeover

Northern Star is finalizing its $6.1 billion acquisition of De Grey Mining, bolstered by soaring gold prices. The deal, up from the initially announced $5 billion, has received support from key stakeholders, including Gold Road Resources. This acquisition adds significant production potential to Northern Star’s portfolio. ​theaustralian

Australia Plans Strategic Reserve for Rare Earth Elements

In response to China's recent export restrictions on rare earth elements, Australia is developing a strategic reserve to safeguard critical mineral supplies. The reserve, expected to include materials like dysprosium and terbium, aims to ensure supply chain resilience for defense and advanced industries. ​theaustralian

U.S.-DRC Deal on Mining Rights Raises Concerns

A reported agreement between the Democratic Republic of the Congo (DRC) and the Trump administration, exchanging mining rights for U.S. military support, has drawn criticism. Observers warn the deal risks reinforcing dependency and perpetuating neocolonial dynamics through economic coercion. ​The Guardian

Pause in U.S. Anti-Corruption Enforcement May Harm Mining Firms

The White House's decision to pause enforcement of the Foreign Corrupt Practices Act (FCPA) could adversely affect mining companies. Experts argue that reduced anti-corruption measures may lead to increased bribery pressures, project delays, and environmental degradation, ultimately harming the industry's sustainability. ​Reuters

⚙️ Technological Advancements

Epiroc Expands Manufacturing in India

Epiroc AB has inaugurated an expanded manufacturing facility for rock drilling tools in Hyderabad, India, aiming to enhance production capabilities and meet growing demand in the mining sector. ​Global Mining Review

📈 Market Trends

Mining Stocks Performance

As of April 14, 2025:​

• Newmont Corp (NEM): $54.97 USD (+7.89%)​

• Rio Tinto plc (RIO): $56.86 USD (+3.58%)​

• BHP Group Limited (BHP): $45.25 USD (+4.05%)​

• Freeport-McMoRan Inc (FCX): $33.35 USD (+6.35%)​

These movements reflect positive investor sentiment in the mining sector, influenced by rising commodity prices and strategic developments.

Disclaimer:
The information in our daily posts is intended solely for general informational purposes. We do not guarantee the accuracy, completeness, or reliability of any content provided, and we are not responsible for any errors, omissions, or outcomes resulting from using this information. Readers are advised to verify facts independently and consult appropriate professionals or official sources before making any decisions or taking action based on these reports—all responsibility lies with the reader.