Daily Mining Industry Report: September 24, 2025

Daily Mining Industry Report: 2025‑09‑24

Global Developments (Past 24 Hours)

1. Brazil expands gold traceability program to crack down on illegal Amazon mining
   Brazilian federal authorities expanded efforts using new tracing technologies to track gold flows from artisanal and illegal mining in the Amazon, aiming to disrupt smuggling networks. Reuters

2. Study warns of toxic contamination linked to artisanal gold mining in Ghana
   A joint Ghana–Pure Earth study found alarming concentrations of mercury and arsenic in soils near artisanal gold mining zones, with levels many times above safe thresholds, raising serious human health and environmental concerns. Reuters

3. Chinese firms deepen mining investments in Tajikistan for antimony and rare minerals
   China is strengthening its foothold in Tajikistan’s mining sector, particularly to secure antimony and other rare minerals vital to its industrial and defence supply chains. The China-Global South Project

4. Mining majors expected to increase activity in graphite
   With graphite supply disrupted by Chinese export limits, analysts expect major mining companies to diversify into graphite, a key battery material. Mining.com.au

5. First autonomous multi‑robot system for underground mining proposed
   A new architectural design for multi‑robot coordination in underground mines promises enhanced autonomy, collaboration between robots, and more robust operations in confined, hazardous conditions. arXiv

6. Newmont completes first gold pour at Ahafo North (Ghana)
   Newmont has poured its first gold at the Ahafo North project, a milestone step toward full production, expected in Q4 2025. Canadian Mining Journal

7. Kinross exits stake in Asante Gold
   Kinross Gold divested its entire holding in Asante Gold for approximately C$73.1 million, marking a continued pattern of portfolio rationalization. MINING.COM+1

Canadian‑Focused News & Policy Updates

1. Canadian juniors report continued exploration activity

   • Canada One Mining launched its 2025 field program at the Copper Dome Project (British Columbia). Junior Mining Network

   • District Metals (BC) announced positive results from its airborne MobileMT survey at its Viken property in Sweden, highlighting cross-border exploration moves by Canadian firms. Junior Mining Network

2. Fortune Bay’s Goldfields value jumps
   Updated economics for the Goldfields project in Saskatchewan show significant uplift in value given strong gold price momentum. The Northern Miner

3. B.C. cutting mining permit timelines
   British Columbia has succeeded in reducing permit processing times by about 35% compared to 2019 levels, boosting competitiveness while still maintaining regulatory standards. Canadian Mining Journal

4. Qatar sovereign fund backs Ivanhoe Mines
   Qatar Investment Authority has invested US$500 million in Ivanhoe Mines, acquiring a ~4% stake. The capital inflow is intended to support exploration and development, especially in Africa. Financial Times

5. Sale of Hemlo gold mine by Barrick
   Barrick Mining has agreed to sell its Canadian Hemlo gold mine to Carcetti Capital for up to US$1.09 billion (CA$875 million cash + equity + contingent payments), with closing expected in Q4 2025. Reuters

Technological & Operational Advances

• The proposed underground multi‑robot system architecture offers promising advances for automation in hazardous underground environments, potentially reducing human risk and increasing productivity. arXiv

• On the clean energy front, McEwen Copper’s Los Azules project is branding itself as low water use, low carbon, and capable of operating on 100% renewable electricity, supported by collaboration with the IFC. McEwen Mining

Market Trends & Implications

• Gold strength underpins investor flow into mining equities
  Gold prices are reaching new highs (recently breaching US$3,780/oz territory) amid macro uncertainty, fueling interest in gold miners and supportive momentum in Canadian mining stocks. NAI 500

• Portfolio rationalization by majors continues
  Sales like Kinross’s exit from Asante and Barrick’s Hemlo divestment point to ongoing asset optimization by large mining firms.

• ESG and regulatory risk rising
  The Ghana contamination report and Brazil’s crackdown on illegal gold underline the growing regulatory and reputational pressures on mining operations, especially artisanal and small-scale mining.

• Critical minerals diversification intensifies
  The push by majors into commodities like graphite, combined with investment into copper/rare metals, is aligned with the energy transition and supply chain security trends.

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