National Mining Association’s Post

So the methodology here is something to consider. “[1] Time taken from discovery to production, per S&P Capital IQ Pro data for 268 mines globally whose exploration and/ or development began in 2002 or later. For all projects that have begun but are not yet producing, the report assumes they will do so by 2030”. Note that exploration does not equal discovery, and that discovery does not equal a project worth pursuing. One example they cite is Thacker Pass, which was discovered in 1978, but required a change in the lithium sector and the development of electric vehicles and lithium ion battery demand to increase before it actually got interesting and viable. This has nothing to do with permitting. One needs to be careful with these statistics as they can be manipulated…

This report is a stark indication of how vulnerable our nation’s economic, energy, transportation, infrastructure, and national security supply chains really are. Each relies heavily on mined materials, with demand expected to dramatically increase in coming years. The U.S. must realize that being a global competitor doesn’t just mean purchasing from other countries. It means producing mined materials here at home in compliance with world-leading environmental laws and safety regulations.

Second to longest in the world. That’s where the U.S. lands in new report from @S&P Global that provides a country-by-country analysis of how long it takes to bring a mine online. With an average of 29 years to bring a mine online in the United States, we’re far behind in the global minerals race. In fact, only Zambia takes longer to bring mines online. We must do better to support responsible mining in the US, and the @National Mining has recommendations on how. Read more: https://lnkd.in/eTUUXYHN

Zijin Mining Group is planning to expand its copper mining operations in the Democratic Republic of Congo (DRC) to compete with the world's largest copper extraction projects. This expansion is anticipated to significantly increase the DRC's standing in the global copper market, potentially making it the second-largest producer globally. This initiative raises important considerations about its environmental impact, the socio-economic benefits for local Congolese communities, and the geopolitical implications in a region with high levels of international mining interest. The successful implementation of this project could potentially attract more foreign investments into the DRC's mining sector and establish new standards for production efficiency and sustainable practices in large-scale mining operations. https://lnkd.in/dKifbGay.

As usual, Rohitesh Dhawan moves us beyond the noise ! For a good update on how CRIRSCO codes are evolving, to better integrate environmental, social and governance parameters, check out Geoff Deans' recent talk at Responsible Raw Materials 2024 - Critical Choices: https://lnkd.in/gj7z3Cj9 For more background, see the outcomes of Responsible Reserves, an initiative of Responsible Raw Materials , PAN EUROPEAN RESERVES AND RESOURCES REPORTING COMMITEE (PERC) and INFACT in 2021: https://lnkd.in/gMfbEN7u #responsiblemining #responsibleinvestment

⚠️SHCP outlined plans to raise mining duties in 2025, proposing an increase in the special mining duty to 8.5% and doubling the extraordinary duty to 1%. While the government states this adjustment reflects global price trends and aims to fund public programs, experts warn of unintended consequences. Experts warned that smaller miners and foreign investors may face significant challenges under these new conditions, potentially discouraging exploration and investment in the sector. ✉️Do you agree with the reasoning behind these adjustments, or do you foresee challenges for the industry?

The Payne Institute for Public Policy at Colorado School of Mines has released their 2024 State of Critical Minerals Report. The report highlights the vast potential from mining tailings, the steep cost curve for Nickel, new legislation focused on increasing the domestic mining of critical minerals and the U.S. government’s recent $4.9 billion of investments in mining and processing. Read the key takeaways and access the full report here: https://lnkd.in/gckdJ-HA

The State of Critical Minerals Report from the Payne Institute for Public Policy at the Colorado School of Mines highlights the potential for recovery of #CriticalMinerals from mine tailings, volatile #nickel cost and increase #US focus on building up its domestic #mining industry

80% of all listed mining companies by value exist because of a group of people you've probably never heard of. CRIRSCO represents organisations from 15 countries that develop the codes for reporting mineral reserves and resources. Why does that matter? Because if you and I can't trust each other to count the same minerals the same way, then we can't invest or trade with each other. And with M&A activity hotting up in mining, now is as good a time as any to recognise CRIRSCO's contributions. ICMM proudly supports and enables the work of CRIRSCO. While not directly related to our core mission of advancing responsible mining, it is an essential building block of trust in #mining. So, this is important work right? Then, here's the kicker...it is run essentially by volunteers! People with full-time jobs who support their National Reporting Organisations or CRIRSCO above and beyond their other roles. This perfectly encapsulates the can-do, get stuff done mentality of responsible mining that I've recently been talking about. Oh and they've also recently aligned the CRIRSCO Standards with the UN Framework Classification for Resources - another vote for Consolidation of Standards in mining! https://lnkd.in/dHaJGRcm

We published our brand new industry report on South Africa's #mining #sector. 🌍 ⛏ 📈 Explore our report for an in-depth analysis of South Africa's mineral reserves, leading mining companies, and the roles of regulatory and supporting organizations. Discover the sector's challenges and uncover potential opportunities for growth. Download our report for a comprehensive overview of South Africa’s mining industry and related opportunities for Swiss and Liechtenstein companies: https://lnkd.in/dbMjg8Vh Stéphanie Labité Simone Malz Coetzer Duncan Bonnett Mehmet Yildirimli Luca Degiovannini Bastien Bovy Alberto Silini