Mining industry
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 Mining industry  (Industry)   | |
|---|---|
| Interest of | • Glencore • Powerbase |
| Interests | Economy |
| Large global industry; specifying in extraction of natural resources | |
Examples
| Page name | Description |
|---|---|
| Anglo American | |
| Anglo-American plc | |
| De Beers | |
| Husab Uranium Mine | An open-pit Uranium Mine, 10km from the Rössing Uranium Mine |
| Rössing Uranium Mine | |
| Sperrgebiet | Diamond Area 1 has been illegally overmined by De Beers |
Related Quotation
| Page | Quote | Author | Date |
|---|---|---|---|
| Greenland | “[...] Geologically, permafrost is a nightmare. Ground is frozen solid. Normal drilling hits a wall. Building stable foundations for gear is a massive investment. Operations are far more difficult too. Constant darkness for months in winter. Working 24/7 under floodlights craters efficiency and spikes accident risk. At -40°C to -50°C, metal gets brittle and just snaps. You need custom alloy gear and keeping fuel/lube from freezing is a constant battle. The diesel/power burn just to keep lights on and engines warm is a nightmare. Immediate Opex blow-up. Logistics? Absolute disaster. It’s not about digging it out; it’s about moving it. Zero roads or rails. Everything moves by helicopter, light plane, or ship. Moving ore to a port costs multiples of what normal mines pay. Plus, zero local smelters. The minerals have to be shipped across oceans, burning time and cash. Shipping windows are tiny. Some fjords/sections of Greenland's coast only accessible a few months a year. You either pay for icebreakers or pray the 1-year supply/export window doesn’t get wrecked by bad weather. If the ship misses the slot, the whole year is lost. Look at the Citronen Fjord Zn project at 83°N. It’s one of the world's biggest undeveloped Zn-Pb deposits, but it's 2,100km north of Nuuk. Total isolation. They get a 3-month window to move a year’s worth of cargo. One bad storm and the project is bricked for the season. Ironbark Zinc tried for ages, but it just got flipped to Dubai-based Almeera Ventures. That’s a clear signal on how brutal the Capex and funding hurdles are. The core issue: does the margin even justify the risk? Building a mine w/ zero infra is a Capex black hole. [...] Thawing permafrost is actually trashing existing infra and roads. Extreme weather just jacks up Opex even more. We’re talking 10-15 yrs from discovery to first ore. If commodity prices crater in between, you're left holding a stranded asset. This is the reality of mining. Arctic development is 10x harder than anyone thinks. There’s a reason Denmark wasn't aggressive on developing Greenland.” | @CRUDEOIL231 | 6 January 2026 |
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