Colombia Webinar And The Latest Nuclear Power Data

• 🔥  What's New
• 🎧  On the Rocks
  
• 📰  In The News
• ⚒️ Mining Data Digest Snapshot
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• ❓  Prospector Poll

 🔥 What's New

🚨 Colombia Mining Webinar TOMORROW at 11am EST 🚨

Curious about the mining landscape in Colombia? Don't miss out on our exclusive webinar featuring the Global Scout team. We'll delve deep into the insights from our freshly released Colombia Report, exploring industry data, risks, and opportunities! Register to secure your spot!

Register Here

🎧 On The Rocks

📰 In The News

Hazards In The Critical Minerals Strategy

A global shift toward renewable energy and electric vehicles is driving a surge in demand for critical minerals. China currently dominates the supply chain for many of these materials, strategically positioning itself in industries related to wind and solar power, batteries, and electric vehicles. The concept of "critical" minerals, essential for green technology, has gained significance, prompting countries like Australia to establish government programs to boost their production and export. The potential hazards include lobbying pressures, concerns about picking winners, and the risk of being drawn into geopolitical struggles between major powers. Australia, a significant producer of lithium, has committed to supporting critical minerals projects, but there are calls for vigilance to avoid unnecessary entanglements in global conflicts. 

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Ukraine’s Coal Mines Turn To Women To Solve Wartime Staff Shortages

In response to a significant staff shortage caused by over a thousand workers joining the fight against Russia's invasion, a coal mining enterprise in eastern Ukraine has permitted women to work underground for the first time in its history. Over a hundred women have taken up this offer, with some citing the war as the reason for accepting the job. One worker, Krystyna, a 22-year-old technician, joined because of the conflict and the lack of alternative employment opportunities. She works 470 meters below ground, servicing electric trains. The move to allow women to work underground comes after the wartime repeal of a government ban on such roles, which were considered physically demanding. While women previously worked in auxiliary roles, they now hold jobs that do not require strenuous physical labor. The coal industry in Ukraine has faced challenges and decline for decades, exacerbated by Russia-backed militias taking over coal-rich regions in 2014 and the occupation of more mines after the 2022 invasion. DTEK, the mine's owner, reports that nearly 3,000 of its 20,000 mineworkers are currently involved in the conflict, with 42 casualties among those who went to fight.

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Mining Industry Seeks To Define One Global Standard For Ethical Practices

Four major mining associations, representing 86 companies operating 700 mines in 60 countries, are collaborating on a responsible mining code to establish a universal global standard for the industry's environmental impact, human rights, and due diligence. The International Council on Mining and Metals, the World Gold Council, the Copper Mark, and the Mining Association of Canada aim to simplify and streamline the complex web of requirements that miners currently face under various standards. Shareholders believe that a single, publicly available standard will enhance practices, making it easier for investors to assess mining companies' operations against environmental, social, and corporate governance goals. The Global Investor Commission on Mining 2030, comprising 82 investors with over $11 trillion in assets, supports the initiative to develop a socially and environmentally responsible mining sector by the end of the decade. The move is expected to enhance transparency, address historical exploitation concerns, and contribute to the energy transition by providing minerals for electric vehicles and renewable energy technologies. The new standard is under development, with input from industry stakeholders, and will undergo public consultation.

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Rust To Riches: Goethite’s Role In Shaping Australia

Australia's distinctive landscapes, such as the outback and deserts, exhibit a brown and orange hue, particularly visible in satellite images, due to the presence of the iron-bearing mineral goethite. This mineral, historically and culturally significant for Australia, has been utilized by humans for thousands of years and continues to play a crucial role in the country's economy. Goethite is the main mineral in iron ore, the country's largest source of export revenue. Australia, as the world's largest iron ore exporter, produced $120 billion in iron ore exports in 2022. 

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Uranium Sector ‘Scrambling’ To Fill Supply Gap

The price of uranium is expected to reach triple digits for the first time since 2007, according to John Ciampaglia, CEO of Sprott Asset Management, which manages the Sprott Physical Uranium Trust. The spot price for uranium is projected to rise from $79 per lb. to $100 or more per lb. within the next 12 to 18 months. The trust, holding 62 million lb. of yellowcake uranium valued at $4.9 billion, reflects the increased demand for nuclear fuel as nations shift towards nuclear energy for energy security and transition away from reliance on oil. The industry anticipates a supply deficit around 2030, driving the current upward movement in uranium prices. The green energy transition and the need for reliable energy sources following geopolitical events, such as the war in Ukraine, have contributed to the surge in uranium stocks. Uranium miners and developers, including Cameco, NexGen Energy, and Uranium Energy, have seen a significant increase in their stock prices.

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⚒️ Mining Data Digest Snapshot

Sun Dog Property Company: Standard Uranium Geography: Canada Minerals: uranium Date: 11/20/23 View On Prospector

Summary: 

The Sun Dog property is located on the southwestern edge of the Athabasca Basin in northern Saskatchewan. The 19,603 hectare project straddles the basin edge and hosts uranium mineralization within basement and overlying sandstone units. The project demonstrates clear evidence for a nearby high-grade unconformity-related uranium deposit. 

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