新闻资讯
新闻资讯

Weekly Highlights! What major mining events occurred globally this week?


0 1

Six departments issued documents to promote technological upgrades in industries such as steel, petrochemicals, and non-ferrous metals.

IMPORTANT NEWS

According to the Ministry of Industry and Information Technology website on June 26, the Ministry of Industry and Information Technology, the National Development and Reform Commission, and other six departments issued the "Industrial Energy Efficiency Improvement Action Plan."
The main mining-related content includes: First, by 2025, the energy efficiency of key products in industries such as steel, petrochemicals, and non-ferrous metals should reach international advanced levels, and the energy consumption per unit of added value in large-scale industrial units should decrease by 13.5% compared to 2020. Second, deeply explore the energy-saving potential in industries such as steel, petrochemicals, and non-ferrous metals, orderly promote technological process upgrades, and push for energy efficiency levels to be maximized, achieving steady improvement in industry energy efficiency. Third, accelerate the innovation and upgrade of key materials such as high-performance electromagnetic wire, rare earth permanent magnets, and low-loss cold-rolled silicon steel sheets. Fourth, orderly promote the replacement of industrial coal with natural gas according to the principle of "gas-based reform."

 

0 2

From January to May, the national mining industry achieved a total profit of 708.27 billion yuan, a year-on-year increase of 131%.

IMPORTANT NEWS

According to the National Bureau of Statistics website on June 27, the National Bureau of Statistics announced the operating conditions of large-scale industrial enterprises from January to May, among which the mining industry achieved a total profit of 708.27 billion yuan from January to May, a year-on-year increase of 131%. Profits in energy industries such as coal and oil continue to grow exponentially.
Specifically, from January to May, the main mining-related industries with year-on-year profit growth include: coal mining and washing industry with a profit increase of 175%, oil and gas extraction industry with a growth of 135%, and non-ferrous metal smelting and rolling processing industry with a growth of 26.6%. From January to May, the industries with year-on-year profit decline include: non-metallic mineral products industry down by 3.3%, oil, coal, and other fuel processing industry down by 29.6%, and ferrous metal smelting and rolling processing industry down by 64.2%.
Analysis points out that in May, China's energy supply guarantee policy was deeply implemented, and the production of energy products maintained rapid growth. Coupled with high prices, this led to year-on-year profit growth of 116% and 126% in coal, oil, and gas extraction industries, respectively, contributing a total of 9.5 percentage points to the profit growth of large-scale industrial enterprises.

 

0 3

Shandong will implement special catalog management for key areas such as strategic mineral resource protection areas.

IMPORTANT NEWS

According to the China Environmental News on June 30, the General Office of the Shandong Provincial Party Committee and the General Office of the Provincial Government issued the "Outline of the Beautiful Shandong Construction Plan (2021-2035)," which includes key mining-related content: First, implement special catalog management for key areas such as natural protected areas, strategic mineral resource protection areas, resource-depleted cities, and traditional industrial and mining cities. Second, focus on energy, industry, urban and rural construction, and industries such as steel, non-ferrous metals, and petrochemicals to formulate the carbon peak implementation plan for Shandong Province. Third, accelerate the reduction of coal consumption while ensuring energy security, implement renewable energy substitution actions, and strictly control the growth of coal consumption. Fourth, promote the optimization and integration of industries such as petrochemicals and chemicals, and promote the green transformation and upgrading of key industries such as energy, steel, coking, and building materials with "one industry, one policy." Fifth, vigorously develop new energy and renewable energy, and build a clean, low-carbon, safe, and efficient modern energy system. Sixth, strengthen comprehensive management of geological environments in mountainous areas, carry out environmental remediation and ecological restoration for damaged mountains, open-pit mining sites, abandoned mines, and coal mining subsidence areas, continuously promote green mine construction, and carry out pollution control and ecological restoration pilot demonstrations in mining areas of the Yellow River Basin. Seventh, strictly coordinate the prevention and control of surface water and groundwater pollution. Eighth, establish a full lifecycle environmental supervision system for soil pollution status investigation, soil pollution risk control, and soil remediation activities, and strengthen the coordinated prevention and control of soil and groundwater pollution. Ninth, promote the pollution control of heavy metals and tailings ponds.

 

04

The Heilongjiang Provincial Government released an industrial revitalization action plan, involving shale oil development, new energy industries, etc.

IMPORTANT NEWS

According to Heilongjiang Daily on June 27, the Heilongjiang Provincial Government issued the "Heilongjiang Provincial People's Government on Issuing the Heilongjiang Provincial Industrial Revitalization Action Plan (2022-2026)," which includes key mining-related content: First, lead the development of shale oil, petrochemicals, heavy equipment, new energy vehicles, and metal-based new materials in clusters with the Harbin-Daqing-Qiqihar National Independent Innovation Demonstration Zone. Second, focus on the Harbin-Yanbian area to promote the accelerated release of high-quality coal production capacity, cultivate the new energy industry, build a deep processing base for graphite new materials, and create a transformation development area for coal resource-based cities. Additionally, to fully implement the Heilongjiang Provincial "Industrial Revitalization Action Plan," the Heilongjiang Provincial Department of Natural Resources issued the "Policy Measures to Support Stable Growth and Assist Industrial Revitalization," proposing: First, promote the delegation of approval authority for exploration rights extension and retention. Second, support the use of existing industrial and mining enterprises to carry out ice and snow tourism activities. Third, for projects such as the reclamation of abandoned industrial and mining land and comprehensive land remediation, newly added arable land can be prioritized for cross-regional trading of arable land index after acceptance and verification.

 

05

The 6th International Mining Rights Information Exchange Conference will be held in Xi'an on July 7.

IMPORTANT NEWS

According to China Nonferrous Metals News on June 29, the 6th International Mining Rights Information Exchange Conference will be held in Xi'an from July 7 to 8. The conference, themed "Resource First, Green Development," will cover topics including the progress of the mining situation during the 14th Five-Year Plan, the investment environment of the international mining rights market, capital market operations of mining rights, interpretation of the latest policies and regulations on mining rights, green mining and smart mine management, environmental protection and ecological restoration of mines, efficient development and utilization of mining resources, global market outlook for mineral products, and legal risk avoidance and control in mining rights transactions. The conference will address issues such as mismatched investment and financing information, blocked channels, and long transaction cycles through keynote speeches, mining rights project roadshows, thematic salon dialogues, exhibitions, and other methods, assisting mining enterprises in cooperation and communication.

 

06

PDAC 2022 Online Conference: Future geological survey work will play an important role in the exploration and development of key minerals.

IMPORTANT NEWS

According to Mining Weekly on June 29, at the PDAC 2022 (2022 Prospectors and Developers Association of Canada Annual Meeting) online conference held on June 28, member organizations from the World Geological Survey Association (WCOGS) expressed that geological survey work will play an important role in helping countries meet the growing demand for key minerals and clean energy, as well as reducing geological disaster risks. Among them, the African Geological Survey Organization (OAGS) stated that it is conducting the "Future Minerals" metallogenic map drawing work, including resources such as lithium, cobalt, graphite, rare earths, silver, molybdenum, aluminum, copper, and manganese, aimed at providing leading geological data for governments of African Union (AU) member states. The Iberian-American Geological and Mining Survey Association (ASGMI), composed of 22 geological survey bureaus from Central America, the Caribbean, South America, and Europe, stated that it is updating the South American metallogenic map and providing information on over 20,000 mineral deposits, metallogenic belts delineation, deposit models, and mineral resource analysis. The European Geological Sciences Organization, composed of 37 European geological survey bureaus, stated that it regularly conducts geological survey work on marine geology, earth energy, mineral resources, and urban geology. The Canadian Geological Survey Bureau reported on its cooperation with the U.S. Geological Survey and others in conducting key mineral mapping programs.

 

07

In May, global mining financing reached $715 million, a decrease of 23% compared to April, the lowest in nearly two years.

IMPORTANT NEWS

Figure 1

On June 24, S&P reported that the number of global mining financings in the primary and intermediate markets in May this year was 183, a decrease of 12.9% from 210 in April; the financing amount was $715 million, down 23% from $924 million in April, marking the lowest month of financing in nearly two years (see Figure 1).
In addition, regarding the number of projects and drill holes, the following characteristics are mainly presented: First, drilling activities increased, with the number of drilling projects reaching a historical high. In May, global drilling activities surged, with a total of 421 drilling projects, a historical high. Among them, the number of drilling projects for gold, silver, copper, nickel, platinum group metals, and specialty commodities saw the largest increase, while the number of drilling projects for zinc, lead, and minor base metals decreased (see Figure 2). Second, the number of drill holes sharply declined. Compared to the increase in projects, the number of drill holes in May was 5,338, a significant decrease from 6,866 in April. Third, Australia ranked first in the number of drilling projects. The report showed that Australia conducted a total of 134 drilling projects in May, up from 112 in April, ranking first among resource countries. Canada followed with 101 drilling projects, unchanged from April. The United States ranked third with 42 projects, up from 37 in April. Fourth, the number of new projects decreased, mainly for gold projects. In May, there were 5 new mining projects globally (of which 3 were gold projects), a decrease from 6 in April.

Figure 2

 

08

The United States launches a global infrastructure and investment partnership to strengthen the mining of metals and critical minerals.

IMPORTANT NEWS

On June 26, the White House announced that President Biden and G7 leaders officially launched the Global Infrastructure and Investment Partnership (PGII) with a plan to jointly invest $600 billion in global infrastructure construction by 2027, prioritizing support for the four major pillar industries to implement PG.IIThe first of the four major pillar industries is: strengthening responsible mining of metals and critical minerals, which mainly includes the following: First, strengthening responsible mining of metals and critical minerals through investments in climate-resilient infrastructure construction and new energy transition technologies, as well as developing clean energy supply chains throughout the entire integrated lifecycle, to better respond to the climate crisis and ensure global energy security; Second, investing in new battery processing and production bases, as well as global refining facility construction; Third, deploying proven innovative technologies in areas that have not yet obtained clean energy, continuously tapping into the potential for clean energy development; Fourth, improving low-emission transportation and infrastructure construction. Subsequently, Biden issued a presidential memorandum stating that countries will support from policy, legal, and project investment aspects.

 

09

The UK, US, Japan, and Canada will ban imports of gold from Russia.

IMPORTANT NEWS

On June 26, Reuters reported that the UK government stated that the UK, US, Japan, and Canada will ban new imports of gold from Russia as part of the latest sanctions against Russia. This measure follows the London Bullion Market Association (LBMA) suspending certification for six Russian precious metal refiners in March, marking another sanction against precious metals. It is reported that the gold ban will take effect soon and will apply to gold newly mined or refined in Russia. The UK government also added that the ban does not affect previously imported gold of Russian origin. Statistics show that Russia's gold export value was about $15.45 billion in 2021. Some analysts believe that this sanction marks a complete separation between Russia and the two major trading centers, London and New York.

 

10

Norway and the EU will carry out close cooperation in the fields of batteries and raw materials.

IMPORTANT NEWS

Bloombergreported on June 27 that Norway and the EU announced that they would carry out close cooperation in the battery value chain and raw material supply as part of efforts to combat climate change. Norway stated that it has planned several battery production plants. It is understood that Norway is the second largest oil and gas exporter in Europe after Russia, and the country has been committed to diversifying its mining supply, including the acquisition of minerals, metals, and rare earths, which are key to Europe's sustainable battery production plans. Through this cooperation, Norway will participate in the European Battery Alliance ministerial meeting and joint industry initiatives. The two sides also discussed making appropriate modifications to the origin rules derived from the EU and UK Brexit agreement to facilitate cooperation in the fields of batteries and raw materials.

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