The mining sector is buzzing with exciting new developments this week, from a major lithium discovery in Canada to the deployment of autonomous drilling technology in South America.
According to OilPrice.com, Australian space company Fleet Space has used satellite-enabled exploration to uncover a massive lithium deposit in Quebec, Canada. The company estimates the prospective resource at a staggering 329 million metric tonnes of lithium oxide - a find that could significantly boost global lithium supplies and support the growing electric vehicle revolution. "Discovering mineral resources has traditionally been a slow and expensive process, but the use of advanced satellite technology is really starting to change the game," said Fleet Space CEO Flavia Tata Nardini.
Autonomous Drilling Takes Off in Peru
Meanwhile, in Peru, mining giant Minera Chinalco has partnered with Ferreyros and Caterpillar to launch an autonomous drilling operation at its Toromocho copper mine. As reported by International Mining, the new Cat autonomous drill is the latest example of self-driving technology transforming the mining industry.
"Autonomous and remote-controlled equipment is a game-changer for safety and productivity in the mines," said Ferreyros executive Juan Carlos Paredes. "By taking the human operator out of the cab, we can tackle the most dangerous and repetitive tasks while boosting efficiency."
Battery Swapping Boosts Electric Mining Trucks in China
The trend towards electrification and automation is also evident in China, where XCMG has achieved close to 50,000 battery swaps for its fleet of 100 all-electric, cabless mining trucks at the Yimin coal mine. As reported by International Mining, this milestone demonstrates the scalability and practicality of battery-electric haulage in large-scale mining operations.
"The ability to quickly swap out depleted batteries for fresh ones is critical to keeping these electric trucks running around the clock," said XCMG spokesperson Li Hui. "It's a key part of making the transition from diesel to zero-emission mining equipment."
US Shale Producers Feeling the Squeeze of Lower Oil Prices
While the mining sector sees technological breakthroughs, the oil industry is facing some headwinds. According to OilPrice.com, US shale producers are starting to "crack under $50-$60 oil," with Kpler warning that US oil production could shed 700,000 barrels per day if prices slide below $60 per barrel.
"The pain from the prolonged price depression is beginning to bite in," the article notes. "Shale drillers are finding new and exciting ways to boost production, but they can never be fully resilient to international price swings."
What's Next for Mining and Energy?
The mining and energy sectors are clearly in a state of flux, with game-changing innovations emerging alongside economic pressures. As the world continues its transition to clean energy and electrification, the race is on to secure critical mineral supplies and optimize production through automation and efficiency.
Investors and industry watchers will be closely monitoring developments in lithium, rare earths, and other key commodities, as well as the ongoing evolution of mining technology. With the global energy landscape rapidly shifting, the companies that can adapt and innovate will be well-positioned for the future.
Reporting based on coverage from OilPrice.com, International Mining, and Natural Gas Intel, November 26-27, 2025.