Daily Mining Industry Report: June 17, 2025

Daily Mining Industry Report: June 17, 2025

🇨🇦 Canadian Highlights

Deep‑Sea Mining Gets Vote of Confidence from Korea Zinc
Korea Zinc has invested US$85 million in Canadian startup The Metals Company, taking a 5% stake to support deep‑sea polymetallic nodule mining in the Pacific Ocean. The move aligns with U.S. policy goals to reduce Chinese reliance for critical minerals, though environmental groups and international bodies still urge a moratorium wsj.com+1northernminer.com+1.

Nova Scotia Grants Industrial Approval for Goldboro Project
NexGold Mining's Goldboro Gold Project has received "complete" status from Nova Scotia's Industrial Approval process. A final regulatory review is now underway, expected to conclude within 60 days equinoxgold.com+2globenewswire.com+2finance.yahoo.com+2.

Midland and SOQUEM Launch Quebec Exploration Program
Midland Exploration, in partnership with SOQUEM, has kickstarted its 2025 summer drilling campaign in Quebec’s Labrador Trough. The initiative targets gold and critical minerals, backed by a joint budget of C$1 million globenewswire.com+1juniorminingnetwork.com+1.

Hudbay & SSR Restart Operations Post‑Wildfires
Evacuation orders lifted, Hudbay Minerals resumes mining at Snow Lake (Manitoba), focusing on Lalor and New Britannia zones; SSR Mining also restarts work at Seabee Mine in Saskatchewan following wildfire-related disruptions indexbox.io.

🌍 Global Developments

U.S. EXIM Bank Eyes US$120 M Loan to Green Rare‑Earth Project
The U.S. Export‑Import Bank is considering a US$120 million loan to Critical Metals Corp for the Tanbreez rare‑earth mine in Greenland—marking a milestone in U.S. efforts to diversify critical‑minerals supply beyond China wsj.com+2mining.com+2northernminer.com+2.

Barrick’s Mali Mine Placed Under Provisional Administration
Malian authorities have placed Barrick Gold’s Loulo‑Gounkoto complex under provisional administration amid a dispute over unpaid taxes. The move removes the operation from Barrick’s 2025 production forecast bnnbloomberg.ca.

⚙️ Technological & Operational Trends

Saskatchewan Tele‑Remote Mining Continues to Lead
Tele‑remote mining systems pioneered by Nutrien at the Cory Mine remain a key model for improving safety and operational efficiency in Canadian mining globalnews.ca+1arxiv.org+1.

📈 Market & Regulatory Trends

• Deep‑Sea Mineral Shift: Non‑Chinese investment in seabed mining reinforces global diversification in critical minerals sourcing.

• Canadian Project Momentum: Regulatory progress in Nova Scotia and Quebec reflects increasing mining development activity.

• Climate and Production Resilience: Wildfires in Western Canada underscore risks from climate change affecting mine operations and prompting safer remote working protocols.

Disclaimer:
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.