Daily Mining Industry Report: June 6, 2025
June 6, 2025Daily Mining Industry Report: June 8, 2025
June 8, 2025Daily Mining Industry Report: June 7, 2025
🇨🇦 Canadian Highlights
Federal Government Introduces 'Building Canada Act' to Expedite Major Projects
On June 6, 2025, the Canadian government introduced the "Building Canada Act," aiming to streamline the approval process for significant resource and infrastructure projects. The legislation proposes reducing project approval timelines from up to a decade to approximately two years by establishing a federal office to oversee projects deemed of national interest. The Act also seeks to dismantle internal trade barriers among provinces and territories, potentially boosting Canada's GDP by up to C$200 billion. youtube.com+2wsj.com+2torys.com+2reuters.com+1wsj.com+1
Ontario Identifies Marathon Project as Shovel-Ready Strategic Mineral Initiative
The Province of Ontario has designated Generation Mining's Marathon Copper-Palladium Project as a shovel-ready strategic mineral project. In a letter to the federal Minister of Energy and Natural Resources, Ontario ministers urged federal investment in the project to build a secure domestic supply chain for critical minerals. genmining.com
Eskay Mining to Commence 2025 Exploration Campaign in July
Eskay Mining Corp. announced plans to begin its 2025 exploration campaign in early July, focusing on high-potential drill targets near the Vermillion zone, approximately 9 km west of Newmont's Valley of the Kings-Brucejack Mine. The company aims to expand the strike length and develop a drilling strategy for a late 2025 drill program. stocktitan.net+1juniorminingnetwork.com+1
🌍 Global Developments
Entrée Resources Pauses Development Work at Oyu Tolgoi Project
Entrée Resources Ltd. has announced a pause in underground lateral development work at the Oyu Tolgoi Lift 1 Panel 1 project in Mongolia. The decision follows the completion of work in rock classified as waste, with future development plans pending further assessment. manilatimes.net+1news.com.au+1
EU Approves 13 New Critical Raw Material Projects
The European Union has approved 13 new critical raw material projects outside the bloc to enhance its supply of essential metals and minerals for the energy transition, defense, and aerospace industries. The projects, requiring an estimated investment of €5.5 billion, include endeavors for lithium, cobalt, manganese, and graphite in countries such as Greenland, Ukraine, and South Africa. reuters.com
⚙️ Technological Advancements
AI and Ambient Noise Tomography Enhance Mineral Exploration
Researchers have developed an innovative workflow integrating Ambient Noise Tomography (ANT) and Artificial Intelligence (AI) to improve the discovery and delineation of mineral resources, particularly copper. This approach offers a scalable and environmentally friendly method for mineral exploration. arxiv.org
Scenario Engineering Improves Autonomous Transportation in Open-Pit Mines
A novel paradigm combining Scenario Engineering with autonomous transportation systems has been introduced to enhance efficiency in open-pit mines. This approach has demonstrated improvements in robustness, trustworthiness, and operational efficiency.
📈 Market Trends
Global Uranium Production Projected to Grow by 2.6% in 2025
After a 12.4% increase in 2024, global uranium production is projected to grow by 2.6% to 62.2 kilotonnes in 2025. This growth is driven by renewed interest in nuclear power as a low-carbon energy source, despite suspensions and production halts at major mines such as Kazakhstan's Inkai deposit. globenewswire.com
OECD Lowers Global Economic Growth Forecast Amid Trade Tensions
The Organisation for Economic Co-operation and Development (OECD) has downgraded its global economic growth predictions to 2.9% for both 2025 and 2026, citing the impact of escalating trade wars, particularly new U.S. tariffs. The OECD warns that these measures are set to significantly slow the world economy, with the United States expected to be among the hardest hit. timesofindia.indiatimes.com
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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.
