Editor’s Picks: Miners Rescued, US Mine Waste Technique, Ontario Expands CIMF

Crimson Chris rescue: Three miners freed after 60 hours underground

Three miners trapped underground at Newmont’s (TSX:NGT,NYSE:NEM) Crimson Chris copper-gold mine in British Columbia have been safely rescued after greater than 60 hours.

The employees had been sheltered in a MineARC chamber with entry to meals, water, and communication, following a sequence of rockfalls.

The rescue effort, which included drilling a 100-meter entry tunnel, concluded efficiently, with all miners reported in good well being.

We’re relieved to share that each one three people are protected, and in good well being and spirits. They’d constant entry to meals, water, and air flow while they remained in place in a refuge chamber underground during the last two days,” a Newmont assertion learn. They’re now being supported by medical and wellness groups. Their households have been notified.”

Investigations into the reason for the rockfalls are ongoing.

US prioritizes essential mineral restoration from mine waste

The US authorities is ramping up efforts to recuperate essential minerals from mine waste, with the Division of the Inside asserting plans to map legacy tailings throughout federal lands.

The initiative is a part of a broader push to safe home provides of important minerals like lithium, cobalt, and uncommon earths.

By tapping into current waste websites, the US hopes to cut back reliance on international imports whereas minimizing new environmental disruptions.

“By streamlining rules for extracting essential minerals from mine waste, we’re unleashing the complete potential of America’s mineral sources to bolster nationwide safety and financial progress,” stated Performing Assistant Secretary of Lands and Minerals Adam Suess. “This proactive strategy will entice non-public funding, help environmental reclamation, and pave the way in which for mineral independence.”

The transfer aligns with ongoing federal funding into clear power and provide chain resilience.

Zijin leads bid for Barrick’s Tongon mine in West Africa

Chinese language mining large Zijin Mining Group (OTC Pink:ZIJMF,HKEX:2899,SHA:601899) is reportedly main the race to amass Barrick Mining’s (TSX:ABX,NYSE:B) Tongon gold mine in Côte d’Ivoire.

Barrick has tapped TD Securities and Australia-based Treadstone Useful resource Companions to advise on the sale of Tongon. The operation produced 148,000 ounces of gold in 2024.

With sources depleting, the mine is predicted to enter care and upkeep by 2027.

Sources say the bid might be valued close to US$500 million as Barrick shifts its focus towards copper and lithium belongings.

The potential deal alerts ongoing Chinese language curiosity in African gold belongings and underscores Barrick’s strategic pivot towards power transition supplies.

No closing settlement has been introduced.

Panther Minerals exits Boulder Creek uranium challenge in Alaska

Panther Minerals (CSE:PURR,OTC:GLIOF,FWB:2BC) has formally ended its choice to amass the Boulder Creek uranium challenge in Alaska’s Cape Nome District.

The corporate selected to not proceed with its subsequent annual cost, resulting in the automated termination of the settlement signed in April 2024.

All 140 related mining claims have been returned to Tubutulik Mining Firm LLC by way of a quitclaim deed.

Whereas Panther accomplished preliminary assessments and a web site evaluate, it opted to not advance the challenge additional, citing seasonal, logistical, and capital constraints.

The challenge had drawn criticism from native Indigenous teams involved about environmental impacts.

Ontario provides C$7 million to Vital Minerals Innovation Fund

The Ontario authorities is committing over C$7 million to broaden its Vital Minerals Innovation Fund (CMIF), aiming to spice up analysis, growth and commercialization throughout the province’s mining sector.

The brand new funding spherical—open for purposes from July 23 to October 1—targets innovation in deep exploration, mineral restoration, battery provide chains and mining applied sciences.

This newest funding brings whole CMIF funding to C$27 million since its 2022 launch, supporting greater than two dozen initiatives thus far.

The CIMF additionally aligns with Ontario’s broader Vital Minerals Technique, which seeks to strengthen home provide chains and scale back reliance on international sources, particularly amid rising world demand and looming US tariffs.

“With world demand for essential minerals hovering – and new US tariffs concentrating on Canada’s mining and manufacturing sectors – Ontario is taking motion to speed up progress and innovation in Ontario’s mining sector,” stated Stephen Lecce, Minister of Vitality and Mines.

He added: “By means of the Vital Minerals Innovation Fund, we’re placing Ontario first, constructing a made-in-Canada provide chain that draws funding and creates good-paying jobs right here at dwelling.”

Wanting down the availability chain, the Ontario authorities can also be investing C$500 million within the creation of a brand new Vital Minerals Processing Fund to “present monetary help for initiatives that speed up the province’s essential mineral processing capability and made-in-Ontario essential minerals provide chain.”