Why hasn't North American mining taken off like it was supposed to?
Ore hauling trucks in Telfer, Western Australia. Credit: iStock.com/IPGGutenbergUKLtd
One unseasonably warm weekend in March, executives from some of the largest Western mining firms moped around a convention center in Toronto, Canada. The glum atmosphere was a stark contrast to the much more celebratory feel of mining conferences in recent years. Just three years ago, Robert Friedland, the eccentric founder of Ivanhoe Mines, told mining executives that they were about to “make more money” than ever before: After decades of being shunned as a dirty industry best kept offshore
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California-based Jupiter Systems sold high-tech wall screens to U.S. military and government clients. On June 14, The Wire China revealed how Jupiter was sold to a Chinese company in 2020 without the first Trump administration’s knowledge. Now Trump is back and on the case as Jupiter teeters on the verge of bankruptcy.
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