Daily Mining Industry Report: June 8, 2025

Daily Mining Industry Report: June 8, 2025

🇨🇦 Canadian Highlights

Federal “Building Canada Act” Introduced to Fast‑Track Major Projects
– The federal government tabled the Bill on June 6, introducing a new “Building Canada Act” to accelerate approval timelines for national-resource and infrastructure projects, including mining. The goal: condense multi‑year reviews into a two-year window, dismantle interprovincial trade barriers, and drive economic growth up to C$200 billion heraldsun.com.au+11wsj.com+11reuters.com+11.

Ontario Designates Marathon Project as Strategic "Shovel‑Ready"
– Ontario’s Ministers formally requested federal investment support for Generation Mining’s Marathon copper‑palladium project, now categorized as a priority “strategic mineral” initiative reuters.com+4genmining.com+4controlrisks.com+4.

🌍 Global Developments

Entrée Resources Pauses Underground Work at Oyu Tolgoi Lift 1
– Mongolia-based Entrée Resources halted lateral underground development at OT Lift 1, having completed waste-rock work, pending updated mine sequencing reviews en.wikipedia.org+1bennettjones.com+1.

EU Approves 13 New Critical Raw Material Projects
– The EU greenlit 13 external projects (lithium, cobalt, manganese, graphite) with €5.5 billion in investment, aiming to reduce dependency on Chinese supply chains .

⚙️ Technological Advancements

AI & Ambient Noise Tomography (ANT) Revolutionize Exploration
– A new end‑to‑end method combining AI with ANT has shown promise in accurately mapping copper deposits with minimal environmental footprint .

Scenario Engineering Enhances Autonomous Haulage in Open‑Pit Mines
– The integration of scenario‑based design into autonomous mining fleets boosts system robustness, trustworthiness, and efficiency—key factors for broader automation adoption .

📈 Market Trends

Global Uranium Production to Grow 2.6% in 2025
– Following a 12.4% surge in 2024, uranium output is projected to increase to 62.2 kt in 2025, driven by renewed interest in nuclear as a low‑carbon energy source .

Global Mergers and Acquisitions in Mining Rebound
– Following a period of volatility, deal-making is on the rise, with renewed confidence seen in strategic acquisitions within the sector .

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