Daily Mining Industry Report: April 19, 2025

Daily Mining Industry Report: April 19, 2025​

🇨🇦 Canadian Highlights

Ontario Proposes Legislation to Expedite Mining Approvals

Ontario Premier Doug Ford introduced the "One Project, One Process" legislation aimed at reducing mining project approval times by 50%. The initiative focuses on critical mineral projects, particularly in the Ring of Fire region, and includes coordinated consultations with Indigenous communities. The legislation also seeks to limit foreign involvement in critical mineral projects. ​Reuters

Alberta Lifts Moratorium on Coal Exploration

In January 2025, Alberta lifted its moratorium on new coal exploration in the Eastern Slopes of the Rocky Mountains, reinstating the 1976 Coal Policy. This decision allows coal companies to resume exploration and development on previously restricted lands, excluding Category 1 lands. The move has reignited public debate due to environmental concerns. ​

🌍 Global Developments

U.S. Fast-Tracks Permitting for 10 Mining Projects

The White House announced that 10 mining projects across the U.S. will be fast-tracked under the FAST-41 initiative as part of President Donald Trump's plan to enhance domestic production of critical minerals like copper, antimony, and lithium. These projects include new or expanded operations in states such as Idaho, Arizona, Montana, Nevada, Arkansas, and Alabama, involving companies like Perpetua Resources, Rio Tinto, Hecla Mining, Albemarle, Standard Lithium, and Warrior Met Coal. The FAST-41 status is designed to streamline and increase transparency in the permitting process, with public updates available online. ​Reuters

Cook Islands Signs Agreement with China on Deep-Sea Mining

The Cook Islands announced a five-year agreement with China focused on exploration and research into seabed minerals. This partnership aims to advance deep-sea mining activities within the Cook Islands' exclusive economic zone, which contains significant deposits of polymetallic nodules rich in cobalt, nickel, and other critical minerals. ​Wikipedia+1Wikipedia+1

⚙️ Technological Advancements

AI Integration Enhances Mineral Exploration

Mining companies are increasingly adopting artificial intelligence to improve mineral exploration processes. AI applications assist in analyzing geoscience data, enhancing target identification, and accelerating project timelines.

📈 Market Trends

Global Mining Lubricants Market Projected to Reach $4.91 Billion by 2030

The global mining lubricants market is expected to grow from USD 4.00 billion in 2024 to USD 4.91 billion by 2030, driven by increased demand for high-power mining machinery and lubricants with superior thermal stability. ​

Silver Market Anticipates Reduced Deficit

The global silver deficit is projected to decrease by 21% to 117.6 million troy ounces in 2025, attributed to a 1% decline in demand and a 2% increase in supply.

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