Global Scans · Mining · Weekly Summary

• [New] De Beers, which is the second largest diamond company in the world, argues that the requirement to send diamonds only to Antwerp creates high costs for producers and could threaten the revenues of African countries where they are mined. The Telegraph
• [New] Meeting the EU's 2030 raw material goals will require the opening of at least 10 new mines, 15 processing plants, and 15 recycling plants in Europe. www.euractiv.com
• [New] The digital modernization of South African mines is a significant shift towards the Fourth Industrial Revolution with mining companies creating value and envisioning the future of work as they mature digitally. IT News Africa | Business Technology, Telecoms and Star
• [New] Climate change is ranked a top concern for mining companies, and McKinsey estimates that fully renewable power sources could reduce a mine's carbon footprint by 60-80%. Global Mining Review
• [New] A federal loan guarantee program will help Canada develop important infrastructure including new mines. The Globe and Mail
• [New] There were investment opportunities in Romania in sectors including agriculture, tourism, energy, renewable energy, information technology, infrastructure, real estate and mining. Arabian Gulf Business Insight
• [New] A mining company withdrew a mineral lease application for approximately 406 acres that contains high quality waters and habitat for threatened and endangered species in the western Upper Peninsula of Michigan. Freshwater Future
• [New] By 2030, mines in production or currently under construction will only meet half of global demand for battery metals like lithium and cobalt. Mining Weekly
• [New] Growth in mining and quarrying will depend on developments in global commodity prices and the opening of new mining sites. Asian Development Bank
• [New] Mercury contamination is a long-term threat, which has actually increased over the last decade due to the increase in gold prices and the subsequent boom in wildcat mining. Mongabay Environmental News
• [New] Zurich Insurance Group AG will no longer underwrite new oil and gas projects, and is cracking down on clients planning to expand in coal mining for the steel industry. Extinction Rebellion UK
• [New] As the U.S. pursues its nuclear power potential, environmentalists and Native American leaders remain fearful of the consequences for communities near mining and milling sites in the West and are demanding more regulatory oversight. Voice of America (VOA News)
• [New] While there is ample supply, there are risks to mine supply from both Russia as well as South Africa. Monex Precious Metals
• [New] Some NEAs or PHAs could be forced into an Earth orbit beyond the Moon and used for mining rare metals and rare Earth elements. SpringerLink
• [New] Up to a third of Africa's great apes are threatened by a boom in mining projects for minerals required for the renewable energy transition, new research shows. The Guardian
• [New] Lepidolite mining and new projects in China and worldwide are taking a big hit from prices, while other types of lithium mines that provide some relative cost advantages, especially brines in South America, will keep on a fast-growing pace. MarketScreener
• PTX Metals is a minerals exploration Company with two flagship projects situated in northern Ontario, renowned as a world-class mining jurisdiction for its abundance of mineral resources and investment opportunities. Junior Mining Network
• Nigeria will only grant new mining licences to companies that present a plan on how minerals would be processed locally, under new guidelines being developed, a government spokesperson has confirmed. ENS
• The world will need up to 100,000 metric tons of uranium per year by 2040, which would mean nearly doubling mining from current levels. Yale E360
• The mining sector explores how policy changes in Tanzania are incentivizing investors and driving growth in the mining sub-sector, showcasing opportunities for economic development. Nairobi Law Monthly
• Canada's remote Arctic region, home to around 86 000 people, is facing the complete closure of all the diamond mines by 2030 and is looking for ways to keep mining alive. Mining Weekly
• There are roughly 50 mines expected to open across Europe by 2030 to provide critical minerals that are necessary for aspects of the energy transition. Euronews.com
• The prospect of more miners tapping the Texas grid has sparked concern among stakeholders who believe, variously, that the influx of mining activity will lead to blackouts, increase the price of energy for consumers, drive up carbon emissions, and damage Texans' quality of life. Wired

Last updated: 26 April 2024