Weekly Nugget
How to Solve the Mining Industry’s Decarbonization Conundrum
Sift through mining news in this week's nugget.
Sift through mining news in this week's nugget.
Here's Your Weekly Nugget!
🔥 What's New
New tools. New Features. New ways to win at PDAC 2025!
Think you know Prospector? Think again! We are excited to host our annual PDAC Prep webinar on February 19 at 12:00 p.m. EST, but this year we have some pretty big surprises and exciting news in store for you! Whether you’re just learning about Prospector or you’ve been hanging out with us for a while, we’re about to show you a side of us that you’ve never seen before. And, it’s perfect timing for you to use our latest tech to make this PDAC your best one yet!What’s the Deal with Deep Seek?
Our Founders, Emily King and Jon Godbout, recently sat down to chat about DeepSeek and what it could mean for the mining industry. Catch the replay and let us know your thoughts!
📰 In The News
How Many New Mines are Needed for the Energy Transition?
- Meeting the 2030 demand for energy transition materials will require nearly 300 new mines and plants, with lithium, copper, and graphite among the most needed resources.
- However, long development timelines pose a major challenge to achieving these goals.
Earth AI Secures $20m to Enhance AI-Driven Mineral Exploration and Drilling
- AI-driven mineral exploration company Earth AI has raised $20 million to expand its project pipeline and drilling capacity, leveraging its proprietary AI technology to accelerate mineral discoveries.
- With a 75% discovery success rate, the company aims to revolutionize exploration and meet the rising demand for critical minerals.
How to Solve the Mining Industry’s Decarbonization Conundrum
- Mining companies face a decarbonisation challenge due to high costs, uncertainty, and lack of in-house expertise, with few implementing Energy Management Information Systems (EMIS) despite their potential benefits.
- A solution lies in integrating energy management into daily operations and hiring dedicated energy managers to maximize efficiency and emissions reductions.
Mining vs. AI vs. Deepseek
- The rise of China's DeepSeek AI briefly wiped a trillion dollars off the Nasdaq, with Nvidia taking a major hit before rebounding.
- Meanwhile, the mining sector continues to lag behind tech, struggling to capture sustained investor enthusiasm despite its critical role in emerging technologies.
China Funneled $57 Billion to Control Critical Mineral Supply Chain
- China has strategically leveraged state-backed financial institutions to dominate the global supply of critical minerals essential for the energy transition, securing ownership stakes in resource-rich nations through loans and joint ventures.
- This long-term strategy raises geopolitical concerns and challenges for developing countries balancing economic gains with resource sovereignty.
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