Global Scans · Mining · Weekly Summary

• In January, Canada's First Quantum Minerals said it would suspend mining operations at its Ravensthorpe nickel mine in Western Australia and instead produce nickel purely from stockpiles, putting over 100 jobs at risk. Global Trade Review (GTR)
• Green hydrogen has been identified as a major opportunity for economic growth in South Africa, able to foster job creation and revitalize sectors like agriculture, mining and tourism. Energy Capital & Power
• The opportunities of a clean economy are huge for Queensland - from green hydrogen to renewable energy generation to critical minerals mining - economic growth and new jobs are available if we get the pace and scale of transition to net zero right. Climate Council
• $725 million from President Biden's Investing in America agenda is available to 22 states and the Navajo Nation to create good-paying jobs and catalyze economic opportunity by reclaiming abandoned mine lands. U.S. Department of the Interior
• There is significant local support for the project, which has the potential to supply up to one quarter of U.S. copper demand, add $1 billion a year to Arizona's economy and create thousands of local jobs in a region where mining has played an important role for more than a century. Los Angeles Times
• Yangibana will support a peak construction workforce of nearly 500 in the Upper Gascoyne and Lower Pilbara regions of Western Australia and create more than 250 steady state operational jobs during the initial 15-year mine life. Global Mining Review
• A Wyoming coal mine that supplies fuel to a power plant that will be converted to burn gas plans to lay off 19 workers next month, the latest of thousands of jobs lost in the beleaguered U.S. coal industry in recent years. Yahoo Finance
• Michiquillay will become one of Peru's largest copper mines and will create significant business opportunities in the Cajamarca region; generate new jobs for the local communities; and contribute with taxes and royalties to the local, regional and national governments. MarketScreener
• Investment in the battery ecosystem provides the opportunity to create jobs across the UK over the whole supply chain, from mining to processing and manufacturing to recycling. UK Government
• Assessments of the potential for green jobs in India, Indonesia, the Philippines, and South Africa show that a renewable energy policy to phase down coal combined with a policy on wind turbines and solar manufacturing could create more jobs than would be lost in coal mining. Human Resources Online
• The South African mining industry has an opportunity to address the issue of youth unemployment by increasing its impact on local communities through job creation. Mining Weekly
• Cementing Canada's place in electric vehicle battery manufacturing will pay dividends now and in the future by creating good well-paying jobs and enabling growth in related industries like critical minerals mining and processing, battery components, and parts and automotive manufacturing. Electrical Business
• Investing in electric vehicle battery manufacturing is expected to create well-paying jobs and enable growth in related industries like critical minerals mining and processing, battery components, and parts and automotive manufacturing, the Canadian government says. Energy Monitor
• Biden's plan includes an immediate up-front investment of $16 billion that will put hundreds of thousands to work in union jobs plugging oil and gas wells and restoring and reclaiming abandoned coal, hardrock and uranium mines. Natural Gas Intelligence
• MRead builds on decades of CSIRO expertise in developing ore sorting technologies in the mining sector into creating a company that will generate new jobs and save lives. CSIRO
• Figures from the University of Sydney's Institute for Sustainable Futures estimate that around 10,000 jobs in Australian coal mines and power plants related to electricity generation by 2036. Mining Technology
• In Queensland, an Energy Workers Charter provides a jobs guarantee for state-owned power station workers who will lose their jobs, but there is nothing for the private sector or captured coal mines. Australian Financial Review
• Ukraine is believed to be developing its own waterborne special forces and the US has provided riverine patrol craft in its latest package of military support that could be used in raids across the Dnipro. The Guardian
• The PLI scheme has the potential to be a powerful tool for driving economic growth and creating jobs in India. Mint
• From a macro policy perspective, the White House and Congress will need to collectively determine just how far they want to lean into the holistic concept of building up the military capabilities of the United States' regional partners to offset the drawdown of U.S. military forces. Lawfare
• One reason for the enhanced urgency to get Ukraine the military equipment it needs for a coming offensive is that some U.S. officials hope Ukraine can gain momentum and then begin to explore a diplomatic path forward. NBC News
• The H2A rocket, launched by Mitsubishi Heavy Industries Ltd., successfully lifted off from the Tanegashima Space Center in southwestern Japan, carrying the IGS-Radar 7 reconnaissance satellite as part of Tokyo's effort to build up its military capability, citing growing threats in the East Asia. Military.com

Last updated: 27 October 2024