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

Futures are also looking up.Base metals were mixed on the London Metal Exchange.Tesla stocks were in favour again amid the prospect of a stronger balance sheet, speculation of a new partnership and a bullish broker note all likely contributing to its 6.88% gain yesterday, IG said."The party looks like it will keep raging," IG analyst Kyle Rodda tweeted.Lithium stocks had soared earlier this month...Read More

As well as being a win for current shareholders, any re-rate is also seen as giving the company the market heft needed to further attract institutional investment interest.Read More

(IDEX Online) - De Beers has reported lower production, sales and underlying earnings for 2019 as it faced "significant challenges for rough diamond demand". It predicted the return to "a more balanced position" of stock levels and an increase in production in 2020 in its preliminary financial results for last year, published today. But it sounded a note of caution over a range of risks, namely re...Read More

A key issue creating uncertainty among Namibia’s mining investors is the nondeductibility of royalties and export levies for nondiamond mining, which was announced during the Namibian 2019/20 Budget Speech by Namibian Finance Minister Calle Schlettwein, presented to Namibia’s Parliament in Windhoek, in March last year.At the time, Schlettwein also announced that export levies for dimen...Read More

(IDEX Online) - The Bharat Diamond Bourse (BDB) will hold the fourth edition of the Bharat Diamond Week (BDW) from August 5-7 at the BDB in Mumbai. Over 150 diamond companies are expected to take part in the event."The Bharat Diamond Week encourages small and medium sized companies who are bourse members to display their products and take advantage of the subsidies offered by the Bharat Diamond We...Read More

(IDEX Online) - Peter Meeus, the former managing director of HRD Antwerp, has put in a second bid for the diamond lab after his first offer was rejected. Meeus submitted his bid through a Letter of Intent (LOI) that he said complies with the terms originally communicated by the Antwerp World Diamond Centre (AWDC) and matches the asking price and conditions. This includes the purchase of a 51-...Read More

JOHANNESBURG (miningweekly.com) – The smart technology and efficiency enhancing programmes of diversified mining company Anglo American have netted the company $4.7-billion so far.FutureSmart Mining (TM) programmes deliver additional value from equipment and processes and P101 uplifts the performance of existing operating assets, the products of which have been tailored foster a cleaner, gre...Read More

JOHANNESBURG (miningweekly.com) – The strong 2019 earnings margins of Anglo American are poised to strengthen further in 2020, CEO Mark Cutifani said on Thursday.The 2019 earnings before interest, taxes, depreciation and amortisation (Ebitda) margins of the London- and Johannesburg-listed diversified mining company ranged from 40% to 44% in the 12 months to end December. (Also see attached e...Read More

JOHANNESBURG (miningweekly.com) – Anglo American CEO Mark Cutifani on Thursday described the building of the world’s largest hydrogen fuel cell haul truck in Limpopo as a great initiative that would in time be rolled out across the platinum group metals (PGMs), diamonds, copper and iron-ore mining company.Hydrogen fuel cell technology, which is platinum rich, is increasingly showing cl...Read More

NEW YORK – When Krish Himmatramka was working as an engineer in the oil industry, he would spend his spare time in his trailer in northern Louisiana scouring the Internet for the perfect engagement ring for his girlfriend. But he struggled to find one that was ethically and sustainably produced. After researching the jewellery industry, he decided to quit his job and star...Read More

Although stock levels in the diamond industry’s midstream are returning to a more balanced position, following stable consumer demand, especially in the US, diamond miner De Beers has warned that risks remain.The company on Thursday reported a 55% year-on-year decrease in underlying earnings before interest, taxes, depreciation and amortisation for the 2019 financial year, as a result of low...Read More

JOHANNESBURG (miningweekly.com) – Diversified mining company Anglo American delivered 2019 profit attributable to equity shareholders of $3.5-billion, in line with the prior year.The company, headed by CEO Mark Cutifani, generated underlying earnings of $10-billion, a 9% increase, and $2.3-billion of attributable free cash flow.AdvertisementNet debt increased to $4.6-billion, equal to less t...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesThe company filed an environmental evaluation with the SEA environmental evaluation service for a 176-hole drilling programme.Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe cash-strapped Kopore, capitalised this week at about A$4 million, had its best hit with the last of the total of 20 holes it has so far put into a ground package covering more than 14,000 squareRead More

Gold exploration and mine development remain leading drivers of mining activity around the world by Canadian-based gold companies. Here is a look at eight companies with significant developments in 2020.Balmoral ResourcesA helicopter near Balmoral Resources' Bug Lake and Martiniere West gold deposits, part of the larger Detour Trend project in central Quebec. Credit: Balmoral Mining.Balmoral Resou...Read More

The coronavirus (COVID-19) outbreak continues to spread, with figures from the World Health Organization putting the number of infected people in China at 77,262 and the number of deaths in the country at 2,595, including two in Hong Kong.Another 2,069 cases and 23 deaths have been reported in 29 other countries, with eight deaths reported in Iran, seven in South Korea, two in Italy, and one in th...Read More

A proposal by the Brazilian government to open up the Amazon rainforest to mining presents opportunities for some and risks for others.The mineral wealth hidden beneath Brazil's Amazon rainforest is believed to be considerable.In recent years, the state of Par??, the second largest in Brazil's Amazon region, has overtaken Minas Gerais as the country's leading minerals producer, with companies prod...Read More

Cobalt bulls were dealt another blow this week after reports that the world's largest electric carmaker is shifting some production of its most popular model away from batteries that contain nickel and cobalt.In a surprise move, China's top battery manufacturer CATL will supply Tesla with lithium iron phosphate (LFP) batteries for its Model 3 production at its newly built US$2 billion factory outs...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaThe mining industry entered 2020 with a hint of optimism from forecasts that global growth could strengthen in the new year.Read More

In less than a year, pot stocks went from the "Belle of the Ball" to a "Pig with Lipstick".That is to say that it's been a rough go for us cannabis investors. Last year was a forest fire. But, it was crucial to recalibrate a runaway industry. I believe the best is yet to come...If you've been paying attention, you've seen this play out in real-time.Speaking of pigs and troughs, let's take a look a...Read More