Daily Mining Industry Report: June 12, 2025

Daily Mining Industry Report: June 12, 2025

🇨🇦 Canadian Highlights

$30 Billion Investment Needed for Critical Minerals
A Canadian Climate Institute report warns Canada must attract roughly C$30 billion in new capital to meet growing demand for critical minerals, matching global trends in EV and battery industries. Without supportive policies and funding mechanisms, Canada risks losing C$12 billion annually by 2040 reuters.com+15ctvnews.ca+15newswire.ca+15.

Amazon–Microsoft Backed Rare-Earth Recycling Plant in Ontario
Cyclic Materials, supported by Amazon and Microsoft, plans a C$25 million rare-earth recycling plant and research facility in Kingston, Ontario. The plant aims to begin operations in Q1 2026, reducing North America’s reliance on Chinese rare-earth supply mining.com+1timesofindia.indiatimes.com+1.

Cassiar Gold Increases Resource Estimate at Taurus Deposit
Cassiar Gold Corp (TSXV: GLDC) reported an updated NI 43-101 resource estimate at its Taurus deposit in northern BC, revealing 8.8 Mt at 1.43 g/t Au (410 koz indicated) and 63.2 Mt at 0.95 g/t Au (1.93 Moz inferred). The report will be filed on SEDAR within 45 days mining.com+14newsfilecorp.com+14miningweekly.com+14.

Silvercorp Files NI 43-101 for Condor Project
Silvercorp Metals (TSX: SVM) has submitted an updated NI 43-101 technical report for its Condor gold project in Ecuador, reflecting compliance with Canadian disclosure standards despite being a non-material property juniorminingnetwork.com.

🌍 Global Developments

Barrick Suspends Mali Gold Output Forecast
Barrick Mining has removed its management of the Loulo-Gounkoto gold complex in Mali from its 2025 production forecast due to suspended operations amid legal and political disputes involving the Malian government, potentially reducing its output by ~14 % reuters.com+1mining.com+1.

Indonesia Halts Nickel Mining in Raja Ampat
Indonesia has revoked permits for four mining operations within the Raja Ampat Geopark, citing environmental violations. The suspension reflects rising global scrutiny over mining in ecologically sensitive marine areas apnews.com+1theaustralian.com.au+1.

⚙️ Technological Advancements

Weir Wins £40M Tailings Tech Contract in Chile
Weir has secured a £40 million contract with Codelco to supply sustainable tailings transport technology for Chile’s Talabre dam expansion at the Atacama mine globalminingreview.com+1reuters.com+1.

XCMG & BHP Agree on Green, Smart Mining Framework
Chinese equipment manufacturer XCMG and BHP have signed a global agreement to collaboratively develop green and smart mining solutions, integrating innovation across both companies' portfolios im-mining.com.

📈 Market Trends

TSX Futures Dip Amid Global Uncertainty
TSX futures declined by 0.3%, reflecting caution over U.S. inflation data and Middle East tensions. Gold and copper prices remained strong, while oil pulled back reuters.com.

Global Mining and M&A Momentum Builds
Corporate interest is rebounding in mining M&A, with key conferences underway—Coeur Mining (NYSE: CDE) is presenting at RBC’s Global Mining & Materials event, reflecting investor engagement businesswire.com+1juniorminingnetwork.com+1.

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