Daily Mining Industry Report: April 28, 2025

Daily Mining Industry Report: April 28, 2025

🇨🇦 Canadian Highlights

Northisle Launches 2025 Drilling Program in British Columbia

Northisle Copper and Gold Inc. commenced its 2025 drilling and field program on April 17 at the North Island Project in British Columbia. As of April 27, 789 metres have been drilled, focusing on the West Goodspeed target area. The program aims to expand the mineralization footprint, which is not currently included in a resource estimate. ​Press Release Services+1FT Markets+1

Alkane Resources and Mandalay Resources Announce Merger

Alkane Resources Limited and Mandalay Resources Corporation have agreed to merge, creating a diversified gold and antimony producer with operations in Australia and Canada. The combined entity is expected to produce approximately 160,000 gold equivalent ounces in 2025, increasing to over 180,000 ounces in 2026. ​GlobeNewswire

Barrick Gold Seeks Buyers for Hemlo Mine

Barrick Gold Corporation is reportedly seeking buyers for its Hemlo gold mine in Ontario, the company's last remaining Canadian operation. This move aligns with Barrick's strategy to optimize its portfolio and capitalize on high gold prices. ​Reuters

🌍 Global Developments

U.S. President Signs Executive Order to Expedite Deep-Sea Mining

President Donald Trump signed an executive order directing federal agencies to expedite the review and issuance of seabed mining permits. The move aims to bolster domestic access to critical minerals such as nickel and copper, essential for technology, clean energy, and defense sectors. The order allows U.S. companies to gain permits through the Department of Commerce's National Oceanic and Atmospheric Administration, bypassing the United Nations-backed International Seabed Authority. ​

⚙️ Technological Advancements

AI and Automation Transforming Mining Industry

The mining sector is increasingly adopting artificial intelligence (AI) and automation technologies to enhance efficiency and sustainability. Investments in AI have improved mineral discovery rates by 20–30%, while automation has streamlined operations and reduced costs. Companies are also integrating renewable energy sources to power mining activities, aligning with global decarbonization goals. ​CMiC+1The Verge+1

📈 Market Trends

Global Mining Explosives Market Projected to Reach $20 Billion by 2032

The global mining explosives market is expected to grow from USD 14.5 billion in 2024 to USD 20 billion by 2032, with a compound annual growth rate of 4.7%. This growth is driven by increased mining activities and the demand for efficient blasting techniques.

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