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🔥 What's New
Thoughts from our Founder:
To all my friends in the DC policy / Government space who frequently ask me "what can we do that would address our critical mineral dependency issues?!" here's a first step - read this layoff announcement letter from Sibanye Stillwater.
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📰 In The News
Wheaton Precious Metals Launches $1 Million Future of Mining Challenge
- Wheaton Precious Metals has launched the inaugural Future of Mining Challenge, offering a US$1 million prize for innovative technology aimed at advancing sustainability in mining.
- The challenge seeks cleantech solutions that reduce greenhouse gas emissions and improve operational efficiencies, with a focus on base and precious metal mining.
- Submissions open on September 18, 2024, and the winner will be announced at the PDAC Convention in March 2025, with support from Foresight Canada.
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Global mining: Top Companies to Watch and Mining Roles in Demand
- The mining industry is growing but faces challenges such as talent shortages due to shifting career preferences and declining perceptions of the sector.
- Increasing demand for critical minerals, driven by the energy transition and electric vehicles, is transforming the mining landscape, while digital advancements like AI and automation are enhancing operational efficiency.
- Top mining companies to watch include Epiroc, Sandvik, Bradken, Liebherr Group, and Terex, while in-demand roles include Business Development Managers, Regional Sales Managers, Project Directors, and Mining Engineers.
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Precious Metals Summit: Top Industry Minds Reflect on Surging Gold Price, Humdrum Equities
- Gold reached an all-time high of $2,554.78 per oz. driven by central bank gold buying, geopolitical tensions, and a shift from traditional assets, while experts predict a long-term bull run despite short-term caution.
- Industry leaders highlighted that only a small portion of investment portfolios are allocated to gold, suggesting reallocating just 2-3% could significantly raise prices, while emerging markets and de-dollarization trends are boosting global gold demand.
- Despite gold's price surge, mining equities have underperformed due to poor capital allocation and inflation, though experts expect a rebound as energy prices stabilize and investor interest returns.
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Sexual harassment in Australian mining: What’s Changed?
- A landmark report on sexual harassment and bullying in the mining sector revealed widespread issues, including inappropriate touching and assault, prompting calls for industry-wide reforms.
- While progress has been made in addressing overt harassment, covert forms like sexism and misogyny remain prevalent, affecting the mental health of female workers.
- Efforts to create a safer and more respectful work environment are ongoing, with companies implementing changes, but challenges like underreporting and a slow cultural shift persist.
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Striking Mural in 'Last Pit of the Rhondda' Village
- A mural depicting a miner from the Maerdy Colliery has been painted in Maerdy, Rhondda, commemorating the last pit of the Rhondda and becoming a focal point for the village.
- The artwork, which includes the Rhondda landscape and a miner's lamp that lights up at night, was commissioned by local electricians and painted by Swansea-based Fresh Creative Co.
- The mural honors the village’s deep mining history, including the closure of Maerdy Colliery in 1990, and is a tribute to the strong mining community forged underground.
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❓ Prospector Poll
What cleantech solution do you think will have the biggest impact on sustainable mining?
Last Week's Poll Results
Would you consider applying for a program like BHP Xplor’s 2025 accelerator for critical mineral exploration?