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
The new appointments are Paula Cousins, who will become Weir's chief strategy and sustainability officer, and Garry Fingland, who maintains his present position as chief information officer.Read More
South Africa miners including Sibanye-Stillwater and Impala Platinum told Mining Journal on Thursday their mines were back up and running after a devastating stage 6 rolling blackout forced someRead More
(IDEX Online) - An Alrosa delegation, led by CEO Sergey Ivanov, recently met with diamond banks and funds to discuss developments in the industry. Among the attendees at the December 6 Moscow event were delegates from the State Bank of India, NBF, ABN AMRO and representatives of the DelGatto and Channel finance funds.During the meeting, the group discussed the factors leading to the weaker diamond...Read More
(IDEX Online) - Bain & Company and the Antwerp World Diamond Centre (AWDC) have released their ninth annual global diamond study. Among the key expectations of the study is a fall in rough diamond sales by up to 25 percent in 2019. With continued geopolitical instability, strong signs of an impending recession and limited marketing support, especially for non-branded and lower-end jewelry...Read More
ABUJA – Swiss prosecutors are investigating a trader of one of the world’s most sought-after-minerals over allegations he illegally dealt in metals during the Democratic Republic of Congo’s civil war.It’s the first time the Swiss authorities have confirmed the probe that began in March 2018.AdvertisementThe Swiss are scrutinising earlier allegations that the trader, Christo...Read More
(IDEX Online) - Technology company Everledger and Alrosa have launched a WeChat e-commerce pilot that will give Chinese consumers a more transparent and secure mobile diamond buying experience.Consumers will now be able to check a diamond's full provenance - including full transparency of origin, characteristics and ownership history - and unique certificate information. They will also...Read More
London-listed Petra Diamonds said on Thursday that its electricity use restrictions have been lifted by South Africa's State utility Eskom and its mines are operating at normal load levels.The company restarted its Cullinan, Finsch and Koffiefontein mines in South Africa on Tuesday, but added that it was restricting power use in line with requirements by Eskom.AdvertisementRolling blackouts in...Read More
JOHANNESBURG – When South Africa’s State-owned utility announced record power cuts on Monday afternoon, Impala Platinum Holdings had two hours to hoist thousands of workers from 1 km deep shafts.The deepening crisis at debt-ridden Eskom Holdings shut down South Africa’s key mining industry for 24 hours, hitting gold and platinum producers that had been enjoying a renaissance on t...Read More
Galena provides a leading lightSPONSOREDgalena miningThe red metal may finally have woken from its slumber as China's imports increased in November and a November US jobs report indicated the economic situation may not be as bad as some had thought.Read More
Galena provides a leading lightSPONSOREDgalena miningThe resolution instructs the government to look for ways to improvement the implementation of the 2009 agreement, the 2011 amended and restated shareholder agreement, and to improve the 2015Read More
Before it started creating 3D visualizations of mine sites, Victoria-based LlamaZoo Interactive was helping veterinarian students virtually dissect dogs. Using technologies such as virtual reality (VR) and augmented reality (AR), video game industry veterans Charles Lavigne and Kevin Oke created EasyAnatomy, the world's first virtual reality canine dissection experience, which can also help vets b...Read More
The governments of Ontario, Saskatchewan and New Brunswick have signed a Memorandum of Understanding (MOU) committing their provinces to the development and deployment of a new type of nuclear technology, known as small modular reactors (SMRs).The decision by premiers Doug Ford, Scott Moe and Blaine Higgs is meant to help the provinces reduce their carbon emissions while moving away from the use o...Read More
Rory Johnston is a commodity economist covering energy and metal markets in Scotiabank's economics department. His research includes the Scotiabank Commodity Price Index (a monthly assessment of developments affecting the prices of major Canadian export commodities), contributions to Scotiabank's Global Outlook (the department's flagship quarterly forecast), as well as notes on various topics of i...Read More
Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesDark Horse could be 2020 bolterSPONSOREDdark horse resourcesUniversity of Delaware launches Minerals, Materials and Society programSPONSOREDuniversity of delawareAlthough strictly speaking a few days before advent (but well after the Regent Street Christmas lights were switch...Read More
No man can avoid politics. All are in siege.No rival field of human enterprise can approach its ferocity. War is the extension of what by other means... in Mr. Carl von Clausewitz's telling?The answer is politics of course.Today we file a scorching tort against politics.Politics separates, divides, enrages, disrupts - as war itself.Democratic politics offer no exception. Reduce electoral politics...Read More
A year and a half ago, when everyone else was mocking Space Force, I was looking for ways to profit from it.Understanding the need for a coherent space-based defense that can shield Americans from hostile satellites and advanced missiles that transcend the Earth's atmosphere...Understanding the rise of futuristic new markets for space tourism and space mining...And understanding the urgency to upg...Read More
South Africa’s mining output declined by 2.9% in October, following a 0.6% year-on-year decrease in September.Nedbank says this was the third consecutive month of yearly contraction for the sector.AdvertisementOn a month-on-month seasonally adjusted basis, output grew by a modest 1% in October.The main drivers of the year-on-year production decline in October were copper, diamonds and mangan...Read More
Dominion Energy and Vanguard Renewables form nationwide strategic partnership to convert methane from U.S. dairy farms into renewable natural gas.Read full newsRead More
If you love to show pride in where you are from, wearing Peace Collective is a sure way to wear your heart on your sleeve -- and give back while you do it.Read full newsRead More
If you love to show pride in where you are from, wearing Peace Collective is a sure way to wear your heart on your sleeve -- and give back while you do it.Read full newsRead More