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Trump to host mining CEOs as administration seeks minerals for defense supply chains

The administration said the package includes loans, grants and equity stakes to expand domestic supply chains and train thousands of new workers.

  • President Donald Trump will convene executives from major mining companies at the State Department on Friday to secure supplies of critical minerals, a cornerstone of his administration's national security and industrial policy.
  • Replenishing weapons stockpiles depleted during the five-month Iran conflict requires critical minerals including tungsten, essential for manufacturing precision-guided missiles and advanced weapons systems.
  • The Department of Energy will host representatives from all 14 accredited mining schools on Friday to address a shortage of engineers and geologists, promoting mining careers to students.
  • Since returning to office, Trump has launched a $12 billion strategic minerals stockpile and backed equity investments in domestic mines to counter Beijing's dominance in mineral processing.
  • Executives from Rio Tinto Group, BHP Group, and Freeport-McMoRan Inc are expected to attend, providing The White House a platform to showcase industry support for its economic priorities.
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Trump announces $180M for mining education as administration recommits to coal

A view of mining operations at Eagle Summit Resources in Charleston, West Virginia, as seen on March 12, 2026. (Photo by James Pinsky/USDA)WASHINGTON — President Donald Trump said Friday the federal government will fund $180 million in grants for mining schools across the country as part of his administration’s goal of rebuilding the U.S. coal industry.  The grants will include $100 million from the Department of Energy spread across the 14 accr…

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Australian Financial Review broke the news in Sydney, Australia on Thursday, August 6, 2026.
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