Some things are better, some stay the same - Lundin Group's Adam Lundin on mining gaining favor скачать в хорошем качестве

Some things are better, some stay the same - Lundin Group's Adam Lundin on mining gaining favor

Governments are more responsive but some organizational issues persist said Lundin Group chair Adam Lundin when asked if mining is any easier due to the sector gaining favor due to energy transition. Lundin spoke to Kitco mid-September at the Canadian Securities Exchange office in Vancouver, B.C. The Lundin Group has a controlling stake in a number of miners and juniors, such as Lundin Mining, Lundin Gold and Filo. All are up sharply over the past year, countering a tough commodity market. Governments in the Americas and Europe have been more supportive of mining to ensure a flow of critical minerals needed for electric vehicles. Lundin noticed some benefits. "You can get access to government officials and people you need to talk to. That's extremely helpful," said Lundin. "At the same time I still find the U.S. very challenging when it comes to permitting. You have a bunch of agencies saying let's support the metals business, but they're not necessarily all talking with each other. It still takes time to get that that permit." Lundin is re-organizing the businesses geographically. Energy and renewable business will be run out of Geneva. Mining businesses will be located in Vancouver. "What we're really trying to establish is a center of excellence," said Lundin, noting that business challenges can be tackled more effectively as a group. "It's easier when you're all in the same town." Lundin said the junior sector is tough. "I admire and respect everybody who wants to to have a go at it," said Lundin. "It takes deep pockets, and if you miss the cycle, it can be tough. Make sure you catering to your shareholders and local communities. You can have success but obviously exploration is a challenging game." Kitco Mining’s coverage of the Precious Metals Summit 2023 is sponsored by Newcore Gold. 0:20 - Lundin Gold, Lundin Mining and Filo operations 2:20 - Leadership changes at Lundin Group since passing of Lukas Lundin 3:40 - Why is Lundin Mining returning to Vancouver? 4:40 - Mining companies re-orienting the business around renewables 6:45 - Assess the diamond business 8:10 - Gold sector fragmentation 10:40 - Government assistance for miners __________________________________________________________________ Kitco Mining is dedicated to reporting on the mining industry. Our mandate is to be the top resource for all mining information and news, offering a clear perspective on where the industry is going through breaking news coverage, mining trends, and in-depth reporting, presented with precious, rare earth, base metals, and industry stock prices. Get important precious and base metal updates while on the go with the Kitco Gold LIVE! app - https://applications.kitco.com Stay connected with us Twitter -   / kitcomining   Instagram -   / kitcomining   LinkedIn -   / kitco-mining   Facebook -   / kitcomining   Connect with the Kitco Mining anchors Michael McCrae -   / michaelmccrae   Paul Harris -   / paulharrisgold   For more in-depth mining coverage, visit us here - https://www.kitco.com/mining Disclaimer: Videos are not trading advice, and the views expressed may not reflect those of Kitco Metals Inc.