The AOCE and WB have moderate overall forecasts for the metals in 2025 inline with IMF forecasts for a decline in economic growth and inflation, although we see the probability of a stagflationary scenario as still reasonably high.Read More
The past year was a difficult one overall for the metals, with the main standouts to the upside being a geopolitical risk-driven gain in gold, a China-driven rise in iron ore and a surge in uranium on broadening global support for nuclear power (Figure 1). A jump in global interest rates to near two-decade highs saw recession fears persist all year, and while one still did not actually eru...Read More
This year the post-global health crisis boom was brought to an end by a surge in inflation to forty-year highs, a major rise in global interest rates in an attempt to curb the rising prices and surging geopolitical risk after Russia's invasion of Ukraine. While precious metals held up reasonably well as markets turned to them as a risk hedge, by Q2/22 the higher interest rates put an end t...Read More
Chile is the world leader in copper production, at 28.5% of the total in 2020, and this looks set to continue, with the country having the largest global reserves, at 23.0% of total. It is also the global leader for molybdenum, which is often found along with copper, and is a major lithium player, holding 51.1% of global reserves. Read More
Newfoundland has become a gold exploration hotspot over the past few years, with the sector seeing some of its strongest activity ever. While the province remains a small contributor to Canadian gold production, it has a substantial mineral industry well supported by the government, focused on iron ore, copper and nickel, and the surge in exploration suggests that gold output from the...Read More
Nevada is the core of the U.S. gold output, accounting for by far the majority, at 75.4% on average for the past year. The state looks set to remain a dominant player in U.S. gold, as it accounts for 49% of total U.S. reserves, with Alaska slightly ahead with 51% of reserves, but just 8.6% of current production. The U.S. accounts for 6.1% of global gold output, making Nevada one of the largest gol...Read More
The Golden Triangle in northwestern British Columbia has historically been a major site of Canadian gold production, beginning as early as the mid 1800s. There was a wave of production in the 1990s which cooled as the gold price declined, but larger scale production resumed in 2017, and the area has seen surging exploration interest over the past year, given that the region has some of the largest...Read More
In this report we outline the Quebec gold mining industry, including its major producers, and a survey of many of the junior miners focused on the province. Quebec accounts for 34% of Canadian gold production (second to Ontario, with 44%) and remains a major focus for both producers and junior miners.Read More
Red Lake has been one of the most prolific gold mining districts in Canada and the world, with exploration having started in the 1920s, and production, which began in the 1930s, continuing to the present day. The district is known for the high grade of its gold, its infrastructure, and strong institutional support, given the long history of mining in the area.Read More
ArcelorMittal (NYSE: MT), the world's biggest steelmaker, is evaluating the potential sale of its infrastructure assets in Canada, where it has the largest and most profitable iron ore operation, as it seeks to cut debt by divesting non-core businesses.The facilities the company may put on the chopping block include a 420-km-long railway servicing the 24 million tonnes-per-year Mont-Wright iron or...Read More
Gold X Mining (TSXV: GLDX) announced today that Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) founder Robert Friedland has joined the company's board as non-executive chairman.Current chairman and chief executive officer Paul Matysek will remain on the board and continue to serve as CEO."Paul and I had the pleasure to work together very successfully at Potash One, where I was the chairman, and which we...Read More
Mining and commodities trader Glencore (LSE: GLEN) is facing a criminal investigation in its home country for failing to have organizational measures in place to prevent alleged corruption in the Democratic Republic of Congo (DRC).The probe by the Swiss Attorney General, announced after market close on June 19, adds to the list of multiple, but separate alleged corruption and bribery investigation...Read More
Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHaving fired shots at Canadian lobster, Australian beef and US pork, it's surely only a matter of time before Beijing revives a threat to bl...Read More
If passed, the legislation will create a new chief permitting officer position, distinct from the chief inspector of mines.The chief permitting officer will ensure the mine permitting process is efficient and effective. The chief inspector will retain responsibility for health, safety and enforcement.Prior to the amendments the chief inspector of mines was responsible for both permitting decisions...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe company's British Virgin Islands subsidiary Skyland Mining will issue the bonds at 99.886% of face value, bearing interest at 2.8% per annum and maturing on June 23, 2023.The bonds are expected to be rated BBB- by Standard & Poor's.Artemis all set thanks to unique approachSPONSOREDartemis resourcesVancouver-based China Gold...Read More
I first started Junior Mining Monthly in 2016. I speculated that everything that is going on now - debt bubbles, central bank asset bubbles, unsustainable spending, geopolitical turmoil, etc - would start percolating then.I negotiated with several publishers but knew I had a home at Outsider Club from the second I met founder Nick Hodge and the group he had put together.Immediately after meeting,...Read More
And they're all under $50.Read full newsRead More
The renewed strength of the "physical market" for crude driving a surge in world of oil contracts.Read full newsRead More
NEW YORK, June 18, 2020 /PRNewswire via COMTEX/ --NEW YORK, June 18, 2020 /PRNewswire/ -- The value of gold is problematic to forecast, as it contingent on...Read full newsRead More
(IDEX Online) - Alrosa has reportedly lost at least five of its long-term buyers, as it maintains its price over volume strategy and forces customers to buy goods deferred from earlier sales.They've broken from their contracts because they can't make money in the COVID-19 climate, according to the Bloomberg news website.It says they include the diamond trading company Diaciore, owned by...Read More
(IDEX Online) - Three major diamond factories in Surat were ordered to close yesterday for at least 10 days, after a total of 22 of their employees tested positive for coronavirus.Municipal authorities fear packets of rough diamonds may have been the source of the infection and are urging owners to have them sanitized before they are given to the workers for polishing.The city's deputy health...Read More
(IDEX Online) - More than 1,000 jewels are to be auctioned by Christie's in a series of five live and four online sales as COVID-19 restrictions are eased.Highlights of the Geneva Magnificent Jewels auction include a twin-stone fancy vivid blue and D-color diamond ring (pictured), by the designer Reza ($8.4m to $12.6m).There are also two unmounted diamonds over 100 carats, a superb fancy inte...Read More
Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesThe measures aim to prevent the movement of people from other regions into the area and to reduce the overall number of workers and contract...Read More
The third and final day of the Canadian Mining Symposium (CMS) closed with a panel discussion featuring the Hon. Ranj Pillai, Deputy Premier, Minister of Energy, Mines and Resources and Minister of Economic Development for the Government of Yukon, and mining experts from Strategic Metals (TSXV: SMD), Alexco Resources (TSX: AXR; NYSE-MKT: AXU) and Western Copper and Gold (TSX: WRN; NYSE-MKT: W...Read More
Shocked Clinton Supporters Shed Tears | The mood among Hillary Clinton supporters at New York's Javits Center on election night was far from joyous. http://a...Read full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - June 18, 2020) - Altamira Gold Corp.'s (TSXV: ALTA) (FSE: T6UP) (OTC Pink: EQTRF) (Read full newsRead More
NEW YORK, June 18, 2020 /PRNewswire via COMTEX/ --NEW YORK, June 18, 2020 /PRNewswire/ -- The value of gold is problematic to forecast, as it contingent on...Read full newsRead More
The oil giant denounced racism and pledged to increase diversity in its workforce, but some activists see burning fossil fuels as inherently racist.Read full newsRead More
By Costas ParisMaersk Tankers A/S is resetting its business model as it tries to navigate volatile energy markets that are sending earnings in the oil products shipping sector on a tumultuous... | June 20,2020Read full newsRead More