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

JSE-listed Trans Hex announced on Friday a share buyback programme to purchase the issued share capital of shareholders at R1 apiece, which will effectively delist the company from the JSE.This offer excludes the shares of Cream Magenta 140, Metcap 14 Proprietary and RAC Investment Holdings – the consortium.AdvertisementThe consortium holds 79.73% of the company’s issued share capital....Read More

Last week, Delta Air Lines became the latest airline company to expand its use of facial recognition technology.The company announced it'd partnered with U.S. Customs and Border Protection (CBP) to install facial recognition at three airports over the next month.It'll be at boarding gates and used for international flights, saving passengers roughly nine minutes of boarding time.Of course, its use...Read More

As reported this week, a blockade of the mine access roads was set up by locals, but the miner has since confirmed "local government units" prevented a large supply truck from accessing the mine siteRead More

Powell will join a number of Fed speakers, while the FOMC minutes are also dueThe first full trading week of July will be relatively quiet on the earnings front, but there's plenty of action on the economic side. In addition to a pair of inflation updates, several central bank speakers -- including repeat performances from Fed Chair Jerome Powell -- and the Federal Open Market Committee's (FOMC) J...Read More

Gold finally has its shine back. Yes, some folks may have abandoned gold in favor of digital gold -- bitcoin has surged several hundred percent recently. But the world's favorite precious metal is sparkling again too. Recently, the price of gold topped $1,400/oz, marking its highest level in moreRead full newsRead More

Gold finally has its shine back. Yes, some folks may have abandoned gold in favor of digital gold -- bitcoin has surged several hundred percent recently. But the world's favorite precious metal is sparkling again too. Recently, the price of gold topped $1,400/oz, marking its highest level in moreRead full newsRead More

David BeckerJul 02, 2019 8:44 PM GMTGold prices rebounded on Tuesday, surging higher 2.14%, and recapturing all of the losses experienced on Monday. The large drop in US yields under the key psychological level of 2%, was the catalyst that put downward pressure on the US dollar paving the way for higher gold prices. The drop in US yields was driven by a technical breakdown as there was no new info...Read More

Japan closed all 76 of its gold mines during World War II and reallocated personnel to base metal mines and factories. After the war, it only re-opened 12 of the mines, leaving the other 64 closed to this day.It wasn't until 2012 that Japan allowed foreign mining companies to come to its shores for the first time in its history.That's when entrepreneur John Proust formed Japan Gold (TSXV: JG; US-O...Read More

The S&P500, Dow Jones and Nasdaq rose as US data pointed to slowing economic growth, fuelling hopes of further interest rate cuts.Gold rose back over US$1,400 an ounce and was worth close to US$1,419/oz on the spot market earlier.The world's biggest gold miner Newmont Goldcorp (NYSE: NEM) touched a one-year high intraday and closed up 0.8%.Iron ore has continued to rise, to $127.15 per tonne f...Read More

It is understood they were trapped for about 24 hours after the service shaft at the Cory mine stopped operating on Tuesday afternoon.The mine was in a planned maintenance shutdown, according to reports."All 34 miners are safe and have access to water and food," the United Steelworkers union tweeted while the group remained underground.Nutrien spokesman Will Tigley told local media late Wednesday...Read More

The new company, Metso Outotec Corporation, will be run by current Metso CEO Pekka Vauramo with Outotec chief Markku Terasvasara deputy CEO along with CFO Eeva Sipila.Metso Minerals, the dominant business of Metso Corporation, was the world's ninth biggest METS company in Mining Journal's 2019 Global METS Investment Report, which had Outotec ranked at No.17.The projected €4.2 billion combined...Read More

Mining Journal sister title MiningNewsNet understands there are protestors and some temporary ‘boom gates' along the roads, but they have not impeded operations at the underground mine. MNN was unable to verify claims that vehicles are unable to travel to and from the site. It is not the first time environmental activist alliance, the Kalikasan People's Network for the Environment,...Read More

Watch and jewelry sales were finally back in the black in April, but overall, market growth in the US retail jewelry sector remained subdued, compared to the sales results of the same month in 2018. Year-over-year, total jewelry and watch sales grew 1.5 percent in April. Please note that the US government publishes sales data of jewelry two months "after the fact." Interesting enough, while total...Read More

Kathryn Parker and Flavio Cereda, equity analysts at Jefferies, wrote in a research note quoted on Insideretail.asia, that sentiment within Hong Kong has almost unanimously worsened since March due to the lingering effects of the trade war reducing high-quality tourism traffic into the territory, the rebalancing of prices after Mainland China's VAT cut, ongoing Hong Kong protests and closer m...Read More

The 19th Congress of the International Colored Gemstone Association (ICA) will take place at the Shangri-La Hotel in Bangkok from 12th to 15th October 2019, enabling industry experts to share their latest knowledge and insights with members of the trade and industry professionals. The biennial ICA Congresses are organized in member countries across the world. Thailand will be the first country to...Read More

A group of investors from Europe and Canada at the Timantti Diamond Project near Kuusamo, Finland, in May 2019. The photo shows part of the Grey Wolf Kimberlite excavated after removing less than two meters of overburden. If it is up to the exploration company Arctic Star Exploration Corp. of Vancouver, Ca., the Timantti Diamond Project, near Kuusamo, Finland, will become a diamond mine,...Read More

Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland minerals'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25The unlisted Solaris was spun out of growing gold producer Equinox Gold (TSXV: EQX) last year.Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipGreenland shines brightly in the rare earth spotlightSPONSOREDgreenland minerals'When top miners commit to an aspiration, that does trickle down'SPONSOREDdeloitteThe update "unlocked additional value" at the Alacran deposit and added resources for the Montiel East, Mont...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumMining Journal sister title MiningNewsNet understands there are protestors and some temporary ‘boom gates' along the roads, but they have not impeded operations at the underground mine. MNN was unable to verify claims that vehicles are unable to travel to and from the site. Quality emerges at Galan's...Read More

Partners Mountain Province Diamonds (TSX: MPVD; NASDAQ: MPVD) and De Beers seem to be ???nding their stride at the Gahcho Ku?(C) mine, in the Northwest Territories.Mountain Province owns a 49% stake in the open pit mine, while De Beers is the majority owner and operator.The partners are in the early stages of making changes in the plant that will allow them to recover larger and higher quality dia...Read More