Daily Mining Industry Report: June 14, 2025

Daily Mining Industry Report: June 14, 2025

🇨🇦 Canadian Highlights

Canada to Fast‑Track ‘Ring of Fire’ Project Despite First Nations Opposition
– The federal and Ontario governments have accelerated the Ring of Fire development, targeting completion of access roads and essential infrastructure within two years, backed by C$1 billion in federal funding. However, some First Nations criticize the process as lacking genuine consultation and environmental safeguards juniorminingnetwork.com+10ft.com+10en.wikipedia.org+10.

Canada May Lose C$12 B Annually Without Critical Minerals Strategy
– A report from Mining Weekly warns Canada could forfeit up to C$12 billion per year by 2040 if it fails to attract C$30 billion in new investment and update policy support for critical minerals—especially for EVs and batteries miningweekly.com.

Alberta Becomes Sole Mine-to‑Market Ammolite Producer
– Buffalo Rock Mining’s acquisition of KORITE creates the world’s only vertically integrated ammolite production in Alberta, positioning Canada as a unique player in rare organic gemstones itif.org+5mining.com+5reuters.com+5.

🌍 Global Developments

Indonesia Revokes Nickel Permits in Raja Ampat Over Environmental Concerns
– President Prabowo Subianto has revoked four of five nickel mining permits in the Raja Ampat archipelago following Greenpeace reviews showing significant deforestation and coral reef degradation ft.com.

Barrick’s Mali Mine Faces Judicial Review Amid Production Pause
– The Loulo-Gounkoto complex remains off-line as Mali’s courts consider appointing a provisional administrator amid a license dispute. Barrick has removed the site from its 2025 production forecast ft.com+15reuters.com+15reuters.com+15.

Global Markets React to Middle East Tensions, Lifting Metals & Energy Prices
– Oil surged nearly 6%, gold rose 1.7%, and copper saw modest gains following Israeli airstrikes on Iran. TSX futures declined slightly amid rising geopolitical risk thetimes.co.uk.

⚙️ Technological Advancements

China OEMs Prep New Mining Equipment for Global Market
– Chinese original equipment manufacturers (OEMs), including XCMG, are gearing up to deliver smart, autonomous mine machinery to tier-1 international mining firms im-mining.com.

AI & Ambient Noise Tomography Enhance Copper Exploration
– An academic breakthrough combines AI and ambient noise tomography (ANT), offering a scalable, low-impact method to map deep copper deposits arxiv.org.

Scenario Engineering Boosts Autonomous Haulage Trustworthiness
– A novel scenario-based design paradigm improves resilience and reliability of autonomous transport systems in open-pit mining canadianminingjournal.com+10arxiv.org+10arxiv.org+10.

📈 Market Trends

Cryptocurrency Mining Market Projected to Rise to US$3.3 B by 2030
– The global cryptocurrency mining sector, currently valued at US$2.2 billion, is expected to grow 50% over the next five years, despite rising energy and hardware costs uk.finance.yahoo.com.

TSX Futures Slip Amid Global Risk Aversion
– TSX futures fell 0.4% on June 13, reflecting investor caution due to geopolitical instability, although metals like gold and copper show underlying strength .

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