Today's Mining Pulse
Indonesia grants export monopoly to state trader, targeting $66B in resource revenues
Indonesia’s employers association and major mining cartels have endorsed President Prabowo Subianto’s new export monopoly, giving exclusive rights to state‑controlled trader PT Danantara Sumberdaya Indonesia (DSI). The policy aims to capture roughly $66.13B in annual resource revenues and curb historic tax leakage estimated at $908B.
Also developing:
Indonesian Employers' Association, Mining Cartels Yield to Country’s $66bn Export Monopoly
Indonesia’s employers association and major mining cartels have publicly endorsed President Prabowo Subianto’s new export monopoly, handing exclusive rights to state‑controlled trader PT Danantara Sumberdaya Indonesia (DSI). The policy targets roughly $66.13 billion in annual resource revenues—about 23.4% of the country’s exports—and aims to curb $908 billion in historic tax leakage. DSI will operate through the CEISA 4.0 digital customs platform, ensuring foreign‑exchange earnings flow back into the domestic banking system. To reassure investors, the government appointed Australian commodities veteran Luke Thomas Mahony as DSI’s inaugural President Director.
Evion Taps Australia’s Former US Ambassador Arthur Sinodinos to Accelerate Critical Minerals Strategy
Evion Group has named former Australian ambassador to the United States, Arthur Sinodinos, as a strategic advisor to accelerate its U.S. critical‑minerals strategy. The hire follows Evion’s May acquisition of the Carp fluorspar mine in Nevada, adding a high‑grade fluorite asset...
Where Does North America’s Gold Come From? #goldrush #earthquake #geology #quartz
The video traces North American gold back to geological processes: heavy metals originally sank during Earth’s formation and were supplemented by meteorite deposits, but gold reached the surface only when tectonic activity and earthquakes created fractures. Superheated, mineral-rich fluids migrated...
HIGHLY OPTIMISTIC: Bessent Bets BIG on Rapid COLLAPSE in Oil Prices
The interview centers on Treasury Secretary Scott Bessent’s bullish forecast that oil and gasoline prices will tumble sharply before the midterm elections, despite ongoing geopolitical turbulence in the Middle East. Bessent cites a 20‑25% drop in West Texas crude and...
Tavi Costa Triple-Digit Silver Prices Possible
In a Stockbox interview, Tarvi Costa, founder and CEO of Azura Capital, laid out why he believes silver is poised for a sustained rally that could push the metal into triple‑digit territory. Costa pointed to a confluence of structural factors: global...
Activists Fight to Save India's Ancient Aravalli Range From Illegal Mining
The video spotlights a growing battle to protect India’s ancient Aravalli mountain range, a billion‑year‑old formation that stretches across several states, from relentless open‑cast mining. Activists cite that roughly 27 % of the range has been degraded, with illegal leases allowing miners...
BHP Advances Renewable Power Supply and Storage at Escondida & Spence
BHP has signed long‑term agreements with renewable‑technology firm Sungrow to build solar farms and battery storage at its Escondida and Spence copper mines in Chile. The projects will deliver 110 MW of solar and 540 MWh of storage at Escondida and 85 MW...
There's Enough Hydrogen Underground to Power Earth for 170,000 Years
Scientists estimate Earth holds enough naturally occurring geologic hydrogen to satisfy global energy demand for roughly 170,000 years. The U.S. Department of Energy projects extraction could cost under $1 per kilogram, dramatically cheaper than today’s green‑hydrogen price of $3.50‑$6.00/kg. Research...
The U.S. Is a Mining Sleeping Giant
The U.S. Geological Survey released a landmark report revealing that the Appalachian corridor from North Carolina to Maine contains an estimated 2.3 million metric tons of undiscovered, economically recoverable lithium. That volume could replace 328 years of U.S. lithium imports or supply...
The Canadian Mineral Imperative – by Amanda Van Dyke (Substack – Jun 1, 2026)
Canada has officially slipped into recession, a downturn the author deems avoidable given the nation’s abundant natural resources. The country boasts the world’s second‑largest landmass and holds vast reserves of oil, gas, uranium, potash, gold, copper, nickel, iron ore, lithium...
Brazil Is Set to Cut Into China’s Rare Earths Dominance – by Astrid Prange De Oliveira (DW.com – May 31,...
Brazil’s vast rare‑earth reserves are attracting global mining firms as a strategic alternative to China’s near‑monopoly. Meteoric Resources, an Australian miner, is pouring capital into the Caldeira project in Minas Gerais, which hosts the world’s largest ionic‑clay deposit of medium‑...
Geological Maps: Key to Securing Critical Minerals Supply Chains – by John Connor (Geopolitical Monitor – May 27, 2026)
The United States faces a critical bottleneck in securing essential minerals because only about 25% of its territory is covered by detailed geological maps. In contrast, many emerging‑market regions—Africa, Latin America, and Central Asia—have even less reliable mapping, hampering mining...
Critical Minerals Race: Canada, Sudbury Must Act Fast, Expert Cautions – by Laura Stradiotto (Sudbury Star – May 30, 2026)
Canada boasts abundant critical minerals, but experts warn a strategic plan is lagging. At the BEV In‑Depth Conference in Sudbury, Heather Exner‑Pirot urged swift action to capture investment before rivals seize it. Over 250 stakeholders from mining to academia gathered...
Sandvik, Rio Tinto Team up on Open‑pit Autonomous Drilling
Sandvik and Rio Tinto have announced a joint venture to deploy autonomous drilling systems in open‑pit mines, leveraging Sandvik's new AutoMine Aura platform. The partnership introduces a 3D perception system that enables driver‑less drill rigs to operate safely and efficiently....
Cameco Pays $115M to Boost Cigar Lake Interest
Cameco and French partner Orano have bought Japan’s TEPCO Resources 5% stake in the Cigar Lake uranium mine for C$115.7 million (about $83.6 million). The purchase lifts Cameco’s ownership to 57.418% and Orano’s to 42.582%, consolidating control of the world’s highest‑grade uranium...
InvestorTalk Alert: Ali Haji From American Tungsten Corp. To Host on Tuesday, June 2, 2026, at 9:00 AM EST
American Tungsten Corp., a Canadian explorer focused on U.S. tungsten assets, announced a TSX Venture Exchange listing and filed a revised technical report in late May 2026. The company has launched a 35,000‑foot surface and underground drilling program at the...
Valhalla Acquires Smucker, Raises C$15M
Valhalla Metals closed its acquisition of the Smucker copper‑zinc‑lead‑silver VMS project from Teck, doubling its footprint in Alaska’s Ambler Mining District. The deal was financed with a C$15 million ($10.8 million) capital raise, issuing subscription receipts at C$0.65 per share, and gave...
John Crane Retrofit Helps Copper Mine Save Around 288,000 Liters of Sealing Water Per Day on Critical Tailings Pump
John Crane retrofitted a mechanical seal on a large underflow thickener pump at a major copper mine, slashing the clean water required for sealing by roughly 288,000 liters per day. The new seal replaces a traditional stuffing‑box that demanded shaft‑sleeve...
Unsafe Tailings, Corruption and Illegal Appointments in Spotlight as Minister Vows Crackdown
Minister of Mines Polite Kambamura warned that unqualified foreign managers, especially some Chinese without First Blasting or Mine Blasting licences, are being placed in Zimbabwean mines. He described several tailings dams as "disasters waiting to happen" and condemned inspectors who...