Today's Mining Pulse
Indonesia grants export monopoly to state trader DSI, targeting $66bn 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 PT Danantara Sumberdaya Indonesia. The policy seeks to capture roughly $66.13 billion in annual resource revenues—about 23.4% of exports—and to curb $908 billion in historic tax leakage.
Also developing:
Zimplats Gold Production Plunges 57% as Smelter Shutdown Crushes Output
Zimplats Holdings Ltd. reported a 57% plunge in gold output to 3,863 ounces in the March quarter, the steepest decline among its platinum‑group metals (PGM). The drop stems from a prolonged smelter maintenance shutdown that halted matte tapping through March, leaving over 63,000 ounces of concentrate unprocessed. Overall 6E production fell 56% quarter‑on‑quarter to 76,340 ounces, while ore mined rose 17% year‑on‑year despite a slight quarterly dip. The company expects to finish processing the backlog by fiscal 2026.
DiamondBack Ramps up Output; Shale Reacts to $80 Oil
DiamondBack Energy, one of the top US shale companies, says it will bring "incremental barrels to the market inmediately." US shale can not offset the closure of the Strait of Hormuz, but the idea that companies wouldn't react to >$80...
Quebec Poised as Spodumene Hub with Cheap Power
Excellent map showing Quebec's potential as a spodumene province. Lower power costs and all that's needed is a bit more investment in transport infrastructure.
The Rise and Fall of OPEC
The Organization of Petroleum Exporting Countries (OPEC) was founded in 1960 by five oil‑producing nations to challenge the dominance of the Western “Seven Sisters” oil majors. Over the next two decades OPEC expanded its membership and, by the 1973 oil...
PYBAR Primes for Sunday Creek Decline
Thiess subsidiary PYBAR has secured an underground exploration decline contract at Southern Cross Gold’s Sunday Creek gold‑antimony project north of Melbourne. The contract calls for a 680‑metre decline that will reach a depth of 115 metres, providing primary access to the...
DRA Global to Deliver Mt Lindsay Scoping Study for Critica
DRA Global has been hired to deliver a scoping study for Critica’s wholly‑owned Mt Lindsay tin and tungsten project in northwest Tasmania. The deposit holds over 80,000 tonnes of tin and 3.2 million tonnes of tungsten trioxide, resources that were originally...
Urals Crude Doubles, Sanction Exemptions Reveal Strategic Desperation
Russian Urals crude is being sold at around $110 per barrel — more than double its price before the attack on Iran. Exempting Russian crude from US sanctions is either a deliberate strategic move (part of the plan) or a clear...
Mysterious Green Rocks in Pyrenees Cave Hint that Prehistoric People Were Working Copper There for 4,000 Years
Archaeologists uncovered a high‑altitude cave in the Spanish Pyrenees filled with nearly 200 green mineral fragments, likely malachite, and evidence of repeated copper‑processing activities. Radiocarbon dating shows the site was occupied for more than 4,000 years, with the most intensive use...
Hyundai Failed to Consider Cleaner Alternatives in Air Permit for Proposed Louisiana Steel Plant in Violation of the Law &...
Sierra Club filed detailed comments with the Louisiana Department of Environmental Quality, alleging that Hyundai Steel’s air permit for a new plant in Ascension Parish fails to consider cleaner electric and green‑hydrogen technologies. The analysis claims electrifying components could slash...
Loadquip Completes Testing of 1,500 T/H Salt Harvester for BCI Minerals’ Mardie Salt Operation
Loadquip has completed factory acceptance testing of its 1,500 t/h salt harvester destined for BCI Minerals’ Mardie Salt Operation in Western Australia. The machine, capable of surging to 2,000 t/h and cutting up to 500 mm deep, will soon be shipped to the...
Latin America:
Abinader supports mining when it has social license and low controversy. Romero hit strong local opposition making it politically costly despite the pro-mining tilt elsewhere. This is common in Latin America national policy vs. local veto power.
EU Moves to Drop Leather From Deforestation Law After Industry Lobbying
The European Commission has proposed removing leather, hides and skins from the EU Deforestation Regulation (EUDR) via a delegated act, following a concerted lobbying effort by the leather industry. The amendment would amend Annex I, which lists commodities subject to strict...
Propspector Generator Boosts Kincora’s Project Opportunities
The propspector generator model allows more "shots on goal", says @KincoraCopper's @Sam_J_Spring, who talked to Mining Stock Daily last week about the company's eight active projects. $KCC https://t.co/TwZU0i1R9r https://t.co/xfRF7McUCE
The Metals Company Wins NOAA Approval for Pacific Deep‑Sea Mining Permit
The Metals Company (TMC) secured a regulatory green light from the U.S. National Oceanic and Atmospheric Administration for its deep‑sea mining application covering 65,000 square kilometres in the Clarion‑Clipperton Zone. The approval advances TMC’s timeline to begin commercial recovery of...
Ferroglobe PLC (GSM) Q1 2026 Earnings Call Transcript
Ferroglobe PLC posted Q1 2026 revenue of $329 million, a 6% sequential rise, driven by strong silicon‑based and manganese‑based alloy volumes and a 13% jump in shipments to 165,000 tons. The company benefited from newly‑implemented EU safeguards and U.S. antidumping duties, which...
Hecla Mining Co (HL) Q1 2026 Earnings Call Transcript
Hecla Mining reported a strong Q1 2024, with revenue up 18% to $190 million and silver output rising as Lucky Friday returned to full production and Greens Creek increased throughput. The company highlighted booming solar‑related silver demand, especially in India, and...
Peabody Energy Corp (BTU) Q1 2026 Earnings Call Transcript
Peabody Energy reported record safety and environmental performance in Q4 2025 and launched longwall mining at its Centurion mine ahead of schedule. The mine is slated to ship 3.5 million tons of premium hard‑coking coal in 2026, rising to 4.7 million tons...
CIM Connect: Teck Chief Pushes Permits, Power Lines as Canada’s Mining Bottlenecks
Teck Resources CEO Jonathan Price warned that Canada could miss the next wave of critical‑minerals investment unless permitting timelines are shortened, shared power‑line infrastructure is built, and strategic‑metals projects receive public‑private backing. He highlighted the contrast between fast‑moving data‑center demand...
Lithium Extraction Models Improve Sustainable Resource Management
A new study integrates Variable Weight (VW) theory with the Driver‑Pressure‑State‑Impact‑Response‑Management (DPSIRM) framework to dynamically assess ecological security in lithium‑rich Huaqiao Township. The model tracks 17 indicators at 30‑meter resolution across four time points (2010‑2024) and reveals a V‑shaped security...
Have Your Say on the WWF’s Ambitious Attempt to Overhaul Global Food Systems
WWF’s Markets Institute has released the Codex Planetarius, a draft set of minimum environmental standards for globally traded food, and opened a public comment period. The plan targets the least efficient 10‑20% of producers, who generate 60‑80% of agricultural impacts,...
Indonesia Launches Integrated Copper‑gold Downstream Hub to Boost Defense
State‑owned MIND ID, through PT Freeport Indonesia and partners, inaugurated a multi‑facility downstream complex in Gresik on April 29, 2026. The hub will add 10,000 t of brass, 300,000 t of copper rods and wires, 100,000 t of copper pipes and 30 t of...
Dart Sets Sights on Gold and Antimony Upside in Underexplored Queensland Fields
Dart Mining (ASX:DTM) is accelerating exploration at its Triumph gold project and Coonambula antimony‑gold asset in Central Queensland. Recent drilling of over 3,000 m at Triumph uncovered high‑grade intercepts such as 0.3 m @ 114 g/t Au and a new 6.9 Mt @ 2.29 g/t...
Andrada Mining Defers £7.7m Loan Repayment to Fund Expansion at Namibia’s Uis Mine
Andrada Mining has postponed the repayment of its £7.7 million (≈ $9.6 million) convertible loan until July 2027, extending the maturity by one year and lowering the conversion price to 5 pence per share while keeping a 12% fixed interest rate. The company will redirect...
Who Made the Gains in April? The Top ASX Resources Winners for the Month
April saw a wave of outsized gains among ASX resource juniors as investors chased strategic minerals and energy security. Narryer Metals led the pack with a 200% jump after billionaire Tim Goyder joined its shareholder register, while Patriot Resources surged...
DR. NOMI PRINS | The Silver Squeeze Just Got Real!
Silver prices have fallen about 35% from their January peak, yet physical market tightness is intensifying. China set an eight‑year high by importing roughly 790 tons of silver (≈$610 million) in January‑February, while simultaneously tightening export licences for refined metal. The Silver...
Oilsands Group Says Progress on MOU Too Slow, Takes Aim at 'Uncompetitive Industrial Carbon Tax'
The Oil Sands Alliance, representing Canada’s five largest oilsands firms, warned that capital spending has slumped to roughly US$8.8 bn a year (2016‑2025), down from about US$16 bn a decade earlier. The group blames the federal‑provincial impasse over an industrial carbon tax—now...
Why the U.S. Is Pouring Billions Into Energy Projects in the Balkans
The United States has committed billions to energy infrastructure in the Western Balkans, highlighted by a $1.5 bn Bosnia‑Croatia pipeline linking to the Krk LNG terminal. The deals, including a $6 bn LNG supply contract in Albania and a $58 bn AI data‑center...
BTU Q1 2026 Earnings Preview
Peabody Energy (BTU) will release its Q1 2026 earnings tomorrow, and the quarter is defined by the early ramp of the Centurion mine, which began cutting coal two months ahead of schedule. Longwall moves at Metropolitan and Shoal Creek add...
Guyana President: Energy Supply-Demand Gap Widens Further
Guyana President Irfaan Ali warned that the global energy supply‑demand gap is widening as the Iran‑Israel conflict pushes oil prices above $100 a barrel and disrupts key chokepoints like the Strait of Hormuz. The war has strained infrastructure and forced nations...
Aegis Resources Ltd. Provides Update on Exploration Activities Across Its Projects
Aegis Resources Ltd. provided an update on its exploration portfolio spanning Argentina, Colombia, Australia and Chile. In Argentina, partner Targa secured permits and will commence a 2,250‑meter drill program at El Zanjon, while planning work at Venidero. In Colombia, Andina’s...
Guyana President Warns of Mineral ‘Dependence’ as Iran War Speeds Shift From Oil
Guyana President Irfaan Ali warned that a rapid shift to renewable energy following the Strait of Hormuz oil crisis could create a new dependence on critical minerals such as lithium, copper and cobalt. The effective closure of the Persian Gulf...
Equinor Bets on New Wells to Offset Declining Fields
Equinor has extended drilling and well‑service contracts worth roughly NOK 17 billion ($1.8 billion) to keep activity high on the Norwegian continental shelf. The extensions include three integrated contracts valued at NOK 8.3 billion ($893 million) and 18 specialist frameworks averaging NOK 4.3 billion ($463 million) per year. The...
Ardea’s Goongarrie Hub Named Key Project in Australia‑Japan Critical Minerals Pact
Ardea Resources’ Goongarrie Hub was singled out in the Australia‑Japan Joint Declaration on Economic Security Cooperation announced by Prime Ministers Sanae Takaichi and Anthony Albanese. The designation places the nickel‑cobalt project among six flagship initiatives aimed at securing diversified supply...
Pakistan Separatists Unravel Barrick’s Reko Diq Plans
Militant attacks by the Baloch Liberation Army in Pakistan's Balochistan province have forced Barrick Gold to delay its Reko Diq copper‑gold project until mid‑2027. The $9 billion capex mine is a cornerstone of a $1.3 billion U.S.–Pakistan pact aimed at reducing Chinese dominance...
US Reopens Hormuz, Concedes Blockade Failed to Pressure Iran
The push to re-open the Strait of Hormuz today, with two US warship crossing it and two US-flagged merchant vessels, signals the White House realises it can not keep waiting for the blockade to force Iran into the negotiation table. Effectively,...
KIST‑SNU Team Cuts Iridium Use Ten‑Fold in Water Electrolysis with Nanotube Mesh Electrodes
Researchers from Korea Institute of Science and Technology (KIST) and Seoul National University have created an iridium‑nanotube mesh electrode that needs only 31.3 µg cm⁻² of iridium—about one‑tenth of conventional designs—while maintaining efficiency and 98.3% performance after 30 days of continuous operation.
Cat® Unveils Battery Electric Power Unit at IFAT 2026, Turning Electrification Into a Drop-In Solution
Caterpillar unveiled its prototype Battery Electric Power Unit (BEPU) at IFAT 2026 in Munich, integrating it into Doppstadt’s SWS 6 Spiral Shaft Separator. The BEPU is a compact, plug‑and‑play system that swaps a diesel engine for an electric powertrain without...
Newmont-Backed Awalé Drills New Gold Zone at Odienné
Awalé Resources, backed by Newmont, announced a new near‑surface gold zone at its Fremen target in the Odienné project, Côte d’Ivoire. Highlight hole SSAC‑08 intersected 17 m grading 1.9 g/t Au from 6 m depth, while SSAC‑07 returned 12 m at 2.1 g/t Au from...
AI and Lasers Reshape the Post‑oil Economy
In the latest Current Climate: ☀️ Planning for the end of the oil age 🤖 Mariana Minerals is mining for copper with AI-powered robots 🌽 Carbon Robotics CEO Paul Mikesell on using weed-killing lasers instead of chemicals for healthier farming https://www.forbes.com/sites/current-climate/2026/05/04/planning-for-the-end-of-the-oil-age/
G2 Drills Oko to 1 Km Depth Amid $3B Takeover
G2 Goldfields announced that its deepest drill hole at the Oko project in Guyana, GDD277B, intersected 84.5 metres grading 3 g/t gold from 916 m depth, extending mineralization to a full kilometre underground. The results, along with high‑grade intercepts from other holes,...
Bassett Miscalculates: US Shale Peaked, Oversupply Looms
Bassett’s math doesn’t add up on several fronts: U.S. shale oil production has peaked for now, the increase in U.S. crude deliveries is the result of large withdrawals from the U.S. SPR, and the announced increase in the OPEC+ group...
Guyana President Highlights Critical Minerals for Energy Security
The president of oil-rich Guyana acknowledges that critical minerals are increasingly important to global energy security: https://t.co/5En2yVW5nl
War-Driven Energy Shock Makes Case for More Alternative Fuels
Bunker fuel prices have surged 70% since the Middle East conflict, with very low sulfur fuel oil climbing to over $930 per metric ton. The International Maritime Organization’s Marine Environment Protection Committee concluded its latest session on a Net‑Zero Framework...
Hormuz Blockade Accelerates Critical Mineral Demand Surge
🚨 Strait of Hormuz Blockade = Potential Boom for Critical Minerals Iran's closure has slashed ~20% of global oil & LNG flows. Governments are accelerating the shift to renewables + EVs faster than planned.Demand was already projected to surge…the crisis...
Bessent Predicts Oil Abundance, Timeline Remains Unclear
"I'm confident on the other side of this the world's going to be awash in oil." — US Treasury Secretary Scott Bessent. The question is how far away is the other side?
How Rare Earths Sustain Space Habitats For Brave Astronauts
Space habitats rely on rare‑earth elements (REEs) to turn life‑support functions into lightweight, high‑efficiency systems. NdFeB and SmCo magnets power pumps, fans, and reaction wheels, while europium‑based phosphors provide LED lighting that mimics natural sunlight. The article traces REEs from...
GQC Romero Advances Amid Protests, Stock Plummets
$GQC Romero project advancing (ESIA + BFS underway, potential depth extensions reported) despite protests in San Juan, DR. Stock halted & down sharply. 1.1Moz AuEq underground deposit, strong gold/copper prices. Abinader gov't should back development. @GQCMining
AmerPacMine Launches Biggest 15k‑meter Madison Drill Campaign
The biggest drill campaign yet starting soon at @AmerPacMine's Madison project in Montana. Two rigs for two jobs, what will amount to a busy spring including 15k-meter drill program to test the most compelling skarn and porphyry targets to date:...
Lab Diamonds Show Commodity Substitution in Action
A rare example of commodity substitution for a synthetic man made product - lab diamonds.
Invest in Private Placement for TSXV Copper‑Gold Venture
New private placement recommendation in Resource Advisor Premium... A rare opportunity to invest in a private company, the funds to secure a TSXV listing as well as drill & explore 2 prime copper-gold assets, with a team full of successful geos Full...