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
(IDEX Online) - The Natural Diamond Council (NDC) says it's "busting myths" in a new 54-page report called Diamond Facts.It aims to address misinformation about both natural diamonds and lab grown diamonds with a series of 11 questions and detailed answers.The NDC says it will begin rolling out related videos, aimed primarily at consumers, on its social media channels in the coming weeks.Topi...Read More
(IDEX Online) - Lucapa says it mined record volumes at its Lulo alluvial mine, in Angola, and the Mothae mine, in Lesotho, in its latest quarterly report.The Australian miner also says it recovered a 150-carat Type IIa D-color white diamond - the 36th +100-carat diamond (pictured) since Lulo began commercial production in 2015.It also recovered two other +100-carat diamonds at the mine, which is h...Read More
The country, which produced 2.2Mt in 2022 and counts with 98Mt of copper reserves, has seen its production grow 88% production since 2012 to become the world's second-largest producer.Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelThe review identified 24 nickel development projects with resources of more than 400,000 tonnes of contained nickel.Read More
The U.S. dollar is still the world's main reserve currency due to the strength, size, and stability of the American economy, as well as the currency's widespread use in international trade and finance.However, the greenback's dominance has been a key point of geopolitical contention that has spanned decades.France's finance minister has called the dollar's supremacy America's "exorbitant...Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelThe company plans to develop a 2000tpd process plant at an initial capital expenditure of US$230 million, partially offset by a decrease in sustaining capital to $88.Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelSolar power in South Africa has taken off after the government in 2021 raised the licensing threshold for independent power-generation projects from 1 MW to 100 MW.Read More
Shares in the company rose on signs that it has turned a corner at Yanfolila. Shares were up 9.5% at 13.00p at 16.27 London time. "These results show our last quarter wasn't a flash in the pan.Read More
The company reported March quarter production and cost performance in line with expectations at 145,900t tonnes at a cash cost of US$1.Read More
"Los Bronces integration was approved yesterday, which is good news for the economy and employment.Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelThe stock was due to suspended from trading this afternoon following yesterday's Federal Court Approval of its A$9.6 billion takeover by BHP.Read More
(IDEX Online) - India's cut and polished diamond exports slumped in March, down a third from February to $1.6bn.That's a sharp reverse in fortunes from February, when foreign sales surged 20 per cent to ?, ?2.37bn, fuelled by China's post-Covid recovery and an associated revenge buying frenzy.The overall gross export of polished diamonds during March was down 33.05 per cent year-on-...Read More
Petra's total diamond production in the three months to March 2023 was 653,700ct up by 3% quarter-on-quarter, but down by 27% year-on-year. The company restated its revised guidance of 2.75-2.Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelEvolution Energy Minerals, EcoGraf and Peak Rare Earths were all invited to the capital Dodoma for yesterday's signing ceremony at the new Chamwino State House, ending years of setbacks since theRead More
GoviEx edges closer to productionSPONSOREDgoviex uraniumTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelTo be sure, resource nationalism has been around a long time and miners have always had to risk being stuck with higher taxes and royalties than originally agreed with national governments.Read More
Share this article VANCOUVER - Canada Nickel Company Inc. [CNC-TSXV; CNIKF-OTCQX] released assay results that indicate an expansion of high-grade, near-surface nickel mineralization at the Texmont property 36 km south of Timmins, northeastern Ontario. In December 2022, Canada Nickel announced an agreement to acquire the past producing Texmont mine situated between the company's Deloro and Sothma...Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelPetra's total diamond production in the three months to March 2023 was 653,700ct up by 3% quarter-on-quarter, but down by 27% year-on-year. The company restated its revised guidance of 2.75-2.Read More
GoviEx edges closer to productionSPONSOREDgoviex uraniumTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelMyanmar's Wa State Central Economic Planning Committee said the move is aimed at protecting the remaining mining resources until mature mining conditions are in place, according to a document from theRead More
(IDEX Online) - De Beers heiress Rebecca Oppenheimer is selling her remarkable off-grid home, a property described as "Guggenheim Museum meets UFO".The self-sustaining six-bedroom, mansion, set in 85 acres of land in Tenino, Washington, USA, has a saltwater pool, barn, chicken coop, honey bees (and bee keeper), and is powered by solar and geothermal systems.The 8,462-square-foot main hou...Read More
The project contemplates two new phases to the existing pit, developing an underground mine 5km from the pit which will be accessed via a tunnel from the pit, and an upgrade to the mine's waterRead More