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Op-Ed: what the Scope Systems cyber attack reveals about mining’s digital fragility

2026-06-20

The recent ransomware attack on Scope Systems, a key enterprise resource planning (ERP) software provider for the mining sector, has exposed significant digital vulnerabilities across dozens of mostly Australian mining companies. This incident, described as the "broadest-reaching cyber event" for the industry by the Mining and Metals ISAC (MM-ISAC), underscores the escalating threat landscape and the critical risks associated with third-party technology dependencies. It highlights the urgent need for enhanced cybersecurity protocols and greater transparency in an era of rapid digital transformation within mineral extraction.

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Recent Articles

Trump Administration Keeps Indiana Coal Plants Open to Ensure Grid Reliability and Minimize Electricity Costs

2026-06-20

The U.S. Department of Energy has issued emergency orders to keep two critical Indiana coal plants, R.M. Schahfer and F.B. Culley generating stations, operational from June 22, 2026, through September 19, 2026. This directive, following initial orders from December 23, 2025, aims to ensure grid reliability, minimize electricity costs, and prevent blackouts in the Midwest, highlighting persistent concerns over escalating energy demand and the rapid retirement of baseload power generation. The decision underscores a broader Trump Administration effort to preserve coal-fired capacity nationally, impacting energy policy, grid stability, and offering a critical, albeit temporary, lifeline to the coal mining sector.

Goldman cuts gold price forecast down to $4,900

2026-06-20

Goldman Sachs has significantly revised down its gold price forecast for the end of 2026 to $4,900 per ounce, a $500 reduction from its previous $5,400 target. This adjustment reflects a heightened probability of the US Federal Reserve implementing interest rate hikes rather than cuts, a hawkish shift underscored by new Chair Kevin Warsh's recent policy pronouncements. The revision, coming amidst a substantial decline in gold prices from their January highs, signals a potentially more challenging environment for the non-yielding precious metal, with crucial implications for mining companies and investors navigating increased market volatility.

Newmont’s Red Chris underground expansion gets regulatory green light

2026-06-20

Newmont's Red Chris mine in British Columbia has secured crucial regulatory approvals for its transition from open-pit to underground block caving operations, extending its projected lifespan into the mid-2040s. This significant milestone, achieved through a consent-based process with the Tahltan Nation, paves the way for a final investment decision later this year and underscores the project's substantial economic benefits, job creation, and strategic importance for Newmont's global portfolio and Canada's copper production.

Department of Energy Celebrates Second Advanced Reactor Achieving Criticality

2026-06-19

The U.S. Department of Energy announced on June 18, 2026, that Valar Atomics' advanced reactor design, Ward 250, successfully achieved zero-power fueled criticality at the Utah San Rafael Energy Lab. This milestone marks the second advanced reactor to go critical under the DOE's Reactor Pilot Program and is notably the first DOE-authorized reactor built outside a national laboratory, signaling accelerating progress in America's nuclear renaissance and bolstering future demand for critical resources like uranium.

Mining’s nuclear reality check: SMRs are still not on miners’ shopping lists

2026-06-19

Despite the theoretical alignment of small modular reactors (SMRs) with the power needs of remote, off-grid mining operations, a recent industry survey indicates that mining companies are not prioritizing nuclear technology. While SMRs offer firm, low-carbon electricity, the complexities of licensing, financing, and long-term liabilities currently place them well behind conventional renewables and energy storage on miners’ investment lists. This article explores the current reluctance, the distinct appeal, and broader utility-led initiatives that may eventually bring nuclear power to mining regions.

Trinity Metals doubles US tungsten concentrate supply to 20%

2026-06-19

Rwanda's Trinity Metals has announced a substantial increase in its tungsten concentrate exports to the United States, now accounting for up to 20% of America's primary tungsten consumption. This strategic uplift, driven by a 2025 agreement with Global Tungsten & Powders and an offtake partner Traxys, underscores a growing industry shift towards diversified, traceable supply chains for critical minerals, particularly as demand for defense and industrial applications rises and global supply dynamics evolve.

International Graphite, Alkeemia to build graphite hub in Italy

2026-06-18

International Graphite and European chemical manufacturer Alkeemia have formalized a joint venture to develop a significant graphite processing hub at Porto Marghera, Italy. This initiative, announced on June 17, 2026, aims to establish a domestic supply chain for processed graphite in Europe, directly supporting the EU’s Critical Raw Materials Act and reducing the continent's near-total reliance on imports from China. The initial phase of the project is designed for 10,000 tonnes per annum of graphite products, with production slated to commence in the second half of 2027.

The future of bioleaching in mining

2026-06-18

Bioleaching, a method utilizing microorganisms to extract metals, is rapidly gaining prominence as the mining industry grapples with declining ore grades, escalating demand for critical minerals, and intense pressure to decarbonize. Advances in molecular biology, coupled with strategic integration into existing mining flowsheets, are expanding its application beyond traditional copper and gold, particularly towards the economic recovery of valuable metals from complex waste streams. This re-emergence positions bioleaching as a critical technology for enhancing supply chain security and mitigating environmental liabilities in the evolving global mining landscape.

Ucore, SCOA sign deal for North American rare earth supply chain

2026-06-17

Ucore Rare Metals and Sumitomo Corporation of Americas (SCOA) have formalized a strategic cooperation to build a diversified rare earth supply chain for North America and allied markets. Signed on June 10, 2026, the agreement focuses on sourcing feedstock for Ucore's Louisiana Strategic Metals Complex and establishing downstream offtake for critical middle and heavy rare earth elements essential for advanced industrial applications. This collaboration leverages Ucore's RapidSX technology with SCOA's global logistics and market access, aiming to bolster regional rare earth independence.

Great Southern Copper begins scout drilling at Artemisa South in Chile

2026-06-17

Great Southern Copper has initiated scout reverse circulation (RC) drilling at its Artemisa South copper-gold target in Chile, marking the final stage of an advanced porphyry exploration program within its Especularita Project. This drilling aims to assess mineralization beneath historic workings in a region known for significant copper deposits. The move follows promising initial results from the nearby Victoria prospect, where previous drilling indicated a large-scale porphyry copper-type alteration system.