Daily Mining Industry Report: April 29, 2025

Daily Mining Industry Report: April 29, 2025

🇨🇦 Canadian Highlights

Federal Approval Waived for Major Mining Projects

Prime Minister Mark Carney has endorsed a "one project, one review" policy, allowing major mining and infrastructure projects to proceed with only provincial or territorial approval, eliminating the need for federal assessments. This initiative aims to streamline project approvals and reduce interprovincial trade barriers. ​Wikipedia+2Canadian Mining Journal+2CIM Magazine+2

Canada Extends Mineral Exploration Tax Credit

Natural Resources Minister Jonathan Wilkinson announced a two-year extension of the 15% mineral exploration tax credit for investors in flow-through shares of smaller mining companies. This measure is expected to contribute C$110 million to exploration investments and provides an alternative capital source amid Canada's restrictive stance on Chinese state-owned enterprises in domestic mining. ​Reuters

Barrick Gold Seeks Buyers for Hemlo Mine

Barrick Gold is reportedly seeking buyers for its Hemlo gold mine in Ontario, the company's last remaining Canadian operation. The move aligns with Barrick's strategy to optimize its portfolio amid high gold prices and increased interest in North American mining assets. ​

🌍 Global Developments

U.S. Executive Order on Deep-Sea Mining Sparks International Dispute

President Donald Trump signed an executive order promoting deep-sea mining by expediting permitting processes through domestic agencies, bypassing the United Nations-backed International Seabed Authority (ISA). The ISA criticized the move, stating it could breach international law and lead to legal, diplomatic, and environmental risks. ​Reuters+1Axios+1Axios

⚙️ Technological Advancements

Mining Industry Embraces Digital Transformation

The mining sector is increasingly adopting digital technologies to enhance efficiency and sustainability. Investments in artificial intelligence, automation, and renewable energy integration are helping companies reduce costs and environmental impact. ​CMIC Global+8Simon Wilkins+8Mining Technology+8

📈 Market Trends

Global Mining Industry Faces Geopolitical and Economic Challenges

The mining industry is navigating a complex landscape marked by geopolitical fragmentation, market volatility, and evolving regulatory environments. Companies are adapting by diversifying supply chains, investing in sustainable practices, and leveraging technological innovations to maintain competitiveness. ​Skillings

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