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:
REalloys, USCM Sign MoU on Sheep Creek Rare Earth Project
REalloys has signed a non‑binding memorandum of understanding with U.S. Critical Materials to secure up to 10 % of production from the Sheep Creek rare‑earth project in Montana. The deposit, covering roughly 11 square miles and grading about 9 % total rare‑earth elements, contains heavy REEs such as dysprosium, terbium and yttrium, plus gallium. The MoU outlines potential equity investments, joint metallurgical testing, and a goal to finalize a long‑term offtake agreement within a year. The material is earmarked for U.S. defense stockpiles ahead of anticipated import restrictions on Chinese rare earths in 2027.
GoldHaven Begins Drill Targeting at Magno Project in BC
GoldHaven Resources has filed a permit application to launch a 2026 drill program at its Magno Project in northern British Columbia, targeting the Magno, D and Kuhn zones. The zones host carbonate‑replacement silver‑lead‑zinc mineralisation and tungsten‑rich skarn, suggesting a large...
U.S. Offshore Oil Hits Record 714M Barrels as Gulf Deepwater Leads Surge
U.S. offshore oil production hit a record 714 million barrels in 2025, the highest output ever from the Outer Continental Shelf. The surge is driven primarily by deepwater projects in the Gulf of Mexico, reflecting years of lease sales, geological studies...
Tasmania Takes Liberty Bell Bay Ore After GFG Default
Tasmania seized control of Liberty Bell Bay ore after GFG defaulted on a restart loan. https://www.metalnomist.com/2026/04/tasmania-takes-control-of-liberty-bell.html
Copper Companies with Exposure to Grid Expansion>
Copper is emerging as a strategic bottleneck as grid modernization, electric‑vehicle adoption, and AI‑driven data centers drive unprecedented demand. Its conductivity and durability make it essential across power generation, transmission, distribution, and digital infrastructure. Investors can access exposure through pure‑play...
Coal Makes a Comeback
The episode examines a tentative resurgence of coal in Europe’s power mix as soaring gas prices—driven by the Middle East conflict—make coal comparatively more economical. Guest Lawrence Walker and analysts Toby Hassel and Firat Elgene explain that while coal imports...
DynaPrime: Built for Australia’s SAG and Large Ball Mills
Tega Industries introduced DynaPrime, a composite liner that merges plates and lifters for Australian SAG and large ball mills. The system claims up to an 85% increase in wear life, reducing annual shutdowns from three to two and adding roughly...
Saudi Arabia Eyes African Critical Minerals
Saudi Arabia is pivoting from oil to critical minerals to meet Vision 2030 goals, targeting 30% electric‑vehicle sales and 50% renewable electricity by 2030. Africa, which holds about 30% of global critical‑mineral reserves, is becoming a key supply source. Riyadh has...
Kenya: Artisanal Miners in Western Kenya Move Away From Mercury
Artisanal gold miners in western Kenya are transitioning away from mercury after a decade of toxic use that contaminated water sources across the Lake Victoria basin. The UN‑backed planetGOLD programme, funded by a $4.24 million GEF grant, is training miners, formalising...
Iluka Beats Output Target, Yet Prices Remain Weak
Iluka heavy minerals output beat 2025 guidance, but weak prices still cloud the mineral sands outlook. https://www.metalnomist.com/2026/04/iluka-heavy-minerals-output-beats-2025.html
Giant Copper Project Signs Deal for Australia’s Biggest Off-Grid Hybrid Renewables Facility
Harmony Gold’s $2.4 billion Eva copper mine in Queensland has secured a 15‑year power contract with UK‑based Aggreko to build Australia’s largest off‑grid hybrid renewable facility. The complex will combine a 118 MWp solar farm, a 250 MWh battery storage system and a...
Mount Hope Grows Mt Solitary with Standout Phase 2 Gold Hits
Mount Hope Mining announced Phase 2 drilling results from its Mt Solitary project, highlighted by a standout intercept of 6 metres grading 17.9 g/t gold, including 2 metres at 48.1 g/t. The program, comprising 14 holes and 2,161 m, expanded the mineralised envelope to roughly 180 m...
BLM Lease Sales in Three States Generate $65 Million, Signal Stronger Onshore Drilling Outlook
The U.S. Bureau of Land Management’s latest lease sale across Colorado, Nevada and Utah generated $64.8 million from 136 parcels covering 131,121 acres. Utah accounted for the bulk of revenue, delivering $56.4 million from 57 parcels, while Colorado and Nevada contributed $8.1 million...
Western Gold Pumped as Production Bore Drilling Starts On-the-Ground Phase at Bowerbird
Western Gold Resources has commenced drilling of a production water bore at its Bowerbird site, the first on‑ground activity for the Gold Duke project in Western Australia. The bore, backed by a WA‑approved groundwater extraction licence, will provide low‑cost water...
Military Spending Eclipses NASA; Raise Extraction Royalties
For the people complaining about the cost of NASA, Trump spent more attacking Iran in a month than NASA gets all year. The fat in the budget is in the military. Want to raise money in a different way? Raise...
Oil Prices Surge to Suppress Demand, Fertilizer Costs Safe
PODCAST: Great to be back at "Odd Lots" with @tracyalloway and @TheStalwart. Lots to discuss linked to the US-Iran war: why oil prices will go much higher to destroy demand, but why expensive fertilizer doesn't mean a food crisis is coming. https://t.co/UoHIl2cOqk
WA Strengthens Fuel Supply Transparency to Boost Mining Productivity
The Western Australian government is moving to compel fuel suppliers to share detailed operational data under the Fuel, Energy and Power Resources Act, aiming to increase transparency across the state’s fuel supply chain. If the order is approved, regulators can...
Insights on Gold Trading and Miner Strategies
Great chat with @TheGoldAdvisor today about trading gold and the miners. Check out the full video here - https://t.co/oRfb8RCoje
Massive Green Line of Saudi Oil Tankers Heads to Asia
Wow — look at that long green line of supertankers carrying Saudi oil from the Red Sea straight to Asia. https://t.co/T1XMsEvyI4
Terra Metals Scores Massive Sulphides at Dante’s Southwest SW6 Downhole EM Target
Terra Metals reported visual observation of massive to semi‑massive sulphide zones in its first 2026 diamond hole (SWDD011) at the Southwest SW6 target of the Dante project in Western Australia. The hole intersected the downhole electromagnetic (DHEM) conductor previously modelled...
Critics Call US–Indonesia Trade Deal ‘Extractive Colonialism’ over Mining, Fossil Fuels
The United States and Indonesia signed a $33 billion Reciprocal Trade Agreement that promises expanded market access for U.S. firms and secures Indonesian supply of critical minerals such as nickel, cobalt and bauxite. Key provisions require Indonesia to treat U.S....
Exploration Round-Up: Kali Uncovers High-Grade Shallow Gold
Kali Metals has secured 100% ownership of the DOM’s Hill Project in Western Australia and identified multiple shallow, high‑grade gold targets through historic data review and early‑stage drilling. The company plans to fast‑track these targets in its 2026 exploration program....
March Sales Position Northern Star for Golden Ramp Up
Northern Star Resources sold 381,000 ounces of gold in the March quarter, keeping the miner on track to exceed its FY26 goal of 1.5 million ounces. After nine months, output has already reached 1.11 million ounces, indicating strong momentum. The company’s new...
Bolivia Facility Bolsters US Antimony Flake Supply
US Antimony’s Bolivia processing facility could strengthen antimony flake supply and support new western hydrometallurgical capacity. https://www.metalnomist.com/2026/04/us-antimony-bolivia-processing-facility.html
GoldArc Resources Picks up the Keys to More Ground at Its Leonora South Gold Project
GoldArc Resources has secured prospecting licence P40/1319 adjacent to its Whistler and Woodpecker South prospects in Western Australia’s Leonora South gold district. The company paid A$50,000 (≈US$33,000) in instalments and agreed to a 2% gross smelter royalty for the tenement....
Beyond Oil: The Macroeconomic Impact of Commodity Supply Disturbances
A new CEPR paper shows that supply disruptions in non‑oil commodities—metals, grains, livestock—affect inflation and industrial production as strongly as traditional oil shocks. Using textual analysis of over one million news articles, the authors construct daily supply‑demand proxies for 20...
Fight for the Bight 2.0: Australian Surfers Mobilize Against Planned Offshore Gas Exploration
The Australian Labor government has opened five new offshore gas exploration blocks in the Otway Basin, covering roughly 1.6 million hectares off Victoria and 800,000 hectares off Tasmania. The move revives drilling ambitions that were previously halted after the successful #FightForTheBite...
Opinion: A Rail Line Would Better Serve the Ring of Fire – by Peter J. Barnett (Sudbury Star – April...
The Ring of Fire in northern Ontario contains vast deposits of critical minerals such as nickel, copper, chromium and platinum‑group elements, but its remote location limits development. Current access relies on seasonal winter roads, driving up costs and threatening Canada’s...
Global Atomic: Africa’s Highest-Grade Uranium Project Now Well Into Construction – by Arthur Tassell (Mining Review – March 30, 2026)
The Dasa uranium project in Niger, owned by TSX‑listed Global Atomic, is now well into construction, with earthworks nearing completion and underground infrastructure advancing. The deposit boasts uranium grades above 4,000 ppm U₃O₈, the highest in Africa. Global Atomic, active in...
The $93 Billion Secret in the Australian Dust – by Mark Wembridge (Australian Financial Review – April 1, 2026)
Delta Lithium, an ASX‑listed explorer backed by Gina Rinehart and Chris Ellison, has disclosed a rubidium deposit exceeding 60,000 tonnes, valued at roughly $1.5 million per tonne. The element, essential for night‑vision goggles, atomic clocks and quantum‑computing hardware, represents an estimated...
Vale Base Metals Says IPO Not Imminent, a Lot of Work to Be Done in Canada – Niall McGee and...
Vale Base Metals Ltd., 90% owned by Brazil's Vale SA, has ruled out an imminent IPO, citing insufficient market valuation and the need to slash nickel production costs. The Toronto‑based spin‑off, created in 2023, manages Vale’s global copper, nickel and...
Energy Woes Shine a Light Back on Uranium
Geopolitical tensions from the Iran‑related oil and gas shortages are reigniting interest in nuclear power as governments seek energy security. About 70 reactors are under construction worldwide, driving a renewed focus on uranium, which remains in a long‑term supply deficit....
Is Grade King Again? As Costs Rise These Miners with Gold Rush Grades Have a Leg Up
Rising oil and diesel prices are reviving the adage that "grade is king" for gold miners, as high‑grade deposits can absorb higher input costs. In Western Australia, Carnavale Resources is advancing a 117,000‑ounce resource at its Kookynie Swiftsure zone, featuring...
Alberta Unlocked Oil From Shale, but This Company Hopes to Unlock Its Critical Minerals
Critical Minerals Americas (CMAI), a Toronto startup, is preparing to list on the TSX‑Venture Exchange to develop a black‑shale project north of Fort McMurray that contains ten critical minerals and fifteen rare earth elements. The company plans to extract these metals...
Greenland Resources Secures New Moly Offtake with SSAB
Another offtake agreement for Greenland Resources $MOLY, this time with $SSABB Still think H1 27 might be it… https://t.co/Xza7hTpPuq
Learn From Hormuz Crisis: Rethink Gas Export Strategies
The reshuffling of gas and LNG exports as the Hormuz crisis move to its second month is an experience that we need to learn form.
Kemi Mine to Launch Circular Ecosystem
Outokumpu, together with the EU‑funded Lapland Mining Hub and Digipolis, is launching a data‑driven circular‑economy ecosystem at its Kemi chromium mine. The initiative aims to convert roughly 3 million metric tons of annual waste rock and tailings into marketable inputs such...
Soybean Bears Face Disappointing Day as Bull Spreads Flip
This is turning out to be a very disappointing day for the bears in the #soybeans. Bull spreads have even turned.
Vizsla Copper Launches $13.7M, 10,000m Drill Program
A $13.7M exploration program at @VizslaCopper's Palmer project in Alaska includes 10,000m of drilling this summer. Lots of runway since it spans >15 km w/ multiple underexplored targets. See the #1 question we always ask. I'm overweight this #copper stock:...
From Theory to Reality: Evaluating the U.S.-Ukrainian Minerals Deal
The United States and Ukraine have launched a U.S.–Ukraine Reconstruction Investment Fund, injecting an initial $150 million to develop Ukraine’s critical mineral assets. The fund is governed by a six‑member board—three Americans and three Ukrainians—aiming to channel private and public capital...
NewScorpioGold's Step-Out Drilling Extends Goldwedge District
As JV says this is how you stitch together a district: @NewScorpioGold's latest batch of step-out drilling at Black Mammoth is 250m from the Goldwedge resource—and continues to connect the dots across the district. See the map. This #gold stock...
Russian Seaborne Diesel Exports Fall 3% Between February and March
Russia’s seaborne diesel and gasoil shipments slipped 3% in March, falling to roughly 3.06 million metric tons. The decline was driven by repeated Ukrainian drone strikes that disrupted loading at the key Baltic hub of Primorsk and the southern port of...
US Gulf Coast Tanker Availability Drops as Asia, Europe Seek to Replace Middle East Supply
U.S. Gulf Coast oil tanker availability has plunged, falling 41% in the past month as Asian and European refiners replace Middle Eastern supply disrupted by the Iran‑related war in the Strait of Hormuz. Very Large Crude Carrier (VLCC) numbers have...
Who Owns the Moon’s Water? The Coming Legal War Over Lunar Resource Extraction Rights
The Moon’s south‑pole water ice is emerging as the first truly valuable commercial resource, promising a propellant depot that could slash deep‑space mission costs. While the 1967 Outer Space Treaty bars sovereignty claims, it remains silent on extraction, prompting a...
A Different Supply-Side Shock
President Trump’s potential decision to keep the Strait of Hormuz closed would trigger the largest energy‑supply shock on record, cutting roughly 20% of global oil and liquefied natural gas flows. The disruption also threatens 30% of the world’s seaborne fertilizer,...
Coal India Misses FY26 Annual Production Target by Wide Margin
Coal India’s FY26 coal output fell 1.7% to 768.1 million tonnes, missing its 875 mt target by a wide margin. Four of its seven subsidiaries—BCCL, CCL, WCL and MCL—recorded production declines, largely blamed on heavy rains in Jharkhand and Maharashtra. Offtake also...
Physical Brent Commands $20 Premium over June Futures
When looking at the oil market: Brent **June** futures (settled at the end of April): That's trading at ~$102 a barrel. But physical Brent market for prompt delivery: That's trading at ~$125 a barrel. There's a big difference depending on when a refinery needs...
Hormuz Closure Threatens Helium, Driving up Chip Prices
The closure of the Strait of Hormuz is choking off about a third of the world’s global supply of helium. Helium is a critical input in semiconductor manufacturing used to cool chipmaking tools. LESS HELIUM = FEWER CHIPS = MORE EXPENSIVE CHIPS....
Amex Exploration (TSXV:AMX) – ‘Undervalued?’ Investment Series, with Victor Cantore
Amex Exploration Inc. (TSXV:AMX) CEO Victor Cantore told investors the company remains significantly undervalued despite recent drilling successes at its Nevada gold assets. He highlighted a 30% increase in inferred resources at the Amex Gold Project and a forthcoming updated...
Blackrock Silver – 90% Increase in Indicated Mineral Resources & Updated PEA At Tonopah West Project
Blackrock Silver announced a 90% increase in its indicated mineral resources at the 100%-owned Tonopah West Project in west‑central Nevada. The updated Mineral Resource Estimate, prepared by RESPEC under NI 43‑101 standards, was effective January 4 2026. An accompanying Preliminary Economic Assessment...