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
Following the gender session held this at this year's PDAC, where gender balance in the industry and the #MeTooMining initiative were discussed, the Responsible Mining Foundation issued a summary report related to the topic.The summary is based on a chapter of RMF's 2018 Responsible Mining Index and it presents an assessment on the performance of 30 of the most important mining companies in the wo...Read More
Following the gender session held this at this year's PDAC, where gender balance in the industry and the #MeTooMining initiative were discussed, the Responsible Mining Foundation issued a summary report related to the topic.The summary is based on a chapter of RMF's 2018 Responsible Mining Index and it presents an assessment on the performance of 30 of the most important mining companies in the wo...Read More
Following the gender session held this at this year's PDAC, where gender balance in the industry and the #MeTooMining initiative were discussed, the Responsible Mining Foundation issued a summary report related to the topic.The summary is based on a chapter of RMF's 2018 Responsible Mining Index and it presents an assessment on the performance of 30 of the most important mining companies in the wo...Read More
Following the gender session held this at this year's PDAC, where gender balance in the industry and the #MeTooMining initiative were discussed, the Responsible Mining Foundation issued a summary report related to the topic.The summary is based on a chapter of RMF's 2018 Responsible Mining Index and it presents an assessment on the performance of 30 of the most important mining companies in the wo...Read More
Researchers at the Norwegian University of Science and Technology succeeded in creating light-emitting diodes, or LEDs, on a graphene surface.According to a brief that explains their research, professors Helge Weman and Bj?,rn-Ove Fimland, and Ph.D. candidates Ida Marie H?,iaas and Andreas Liudi Mulyo were able to create a new electronic component that has the potential to become a commercial prod...Read More
Researchers at the Norwegian University of Science and Technology succeeded in creating light-emitting diodes, or LEDs, on a graphene surface.According to a brief that explains their research, professors Helge Weman and Bj?,rn-Ove Fimland, and Ph.D. candidates Ida Marie H?,iaas and Andreas Liudi Mulyo were able to create a new electronic component that has the potential to become a commercial prod...Read More
In a recent report, Fitch Ratings states that the rise in iron prices to over $90/dmt in April should provide cash flow windfalls for global iron ore producers through 2020, even though such prices are expected to eventually stabilize at the ~$75/dmt mark.The credit ratings and research division of the Fitch Group does not foresee the price of iron ore going below $70/dmt any time soon due to the...Read More
The Argentinian Chamber of Mining Entrepreneurs issued a report this week stating that it expects mining industry investments to reach $29 billion and employ about 80,000 people in 2019.According to the group, the mining sector is experiencing continued growth and has become the sixth most important sector when it comes to exports."At the Chamber we work day in and day out to create synergies with...Read More
The Argentinian Chamber of Mining Entrepreneurs issued a report this week stating that it expects mining industry investments to reach $29 billion and employ about 80,000 people in 2019.According to the group, the mining sector is experiencing continued growth and has become the sixth most important sector when it comes to exports."At the Chamber we work day in and day out to create synergies with...Read More
The Argentinian Chamber of Mining Entrepreneurs issued a report this week stating that it expects mining industry investments to reach $29 billion and employ about 80,000 people in 2019.According to the group, the mining sector is experiencing continued growth and has become the sixth most important sector when it comes to exports."At the Chamber we work day in and day out to create synergies with...Read More
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2019) - Outcrop Gold Corp (OCG) (Read full newsRead More
Vancouver, British Columbia--(Newsfile Corp. - April 25, 2019) - Outcrop Gold Corp (OCG) (Read full newsRead More
A Canadian company is moving ahead with plans to reopen a gold mine in the heart of California's Castle Mountains National Monument, just across the state line from Searchlight.Read full newsRead More
Integra Resources (TSXV: ITR; US-OTC: IRRZF) plans to complete a resource update and a preliminary economic assessment (PEA) of an open-pit mine at its DeLamar project in Idaho this year, and National Bank Financial has initiated coverage of the company with an outperform rating and a 12-month target price of $1.40 per share.The junior, currently trading at 63 ? per share, acquired the project fro...Read More
Lucara Diamond Corp. mined a 1,758 carat diamond) at its Karowe Diamond Mine in Botswana. One of the largest diamonds in recorded history, the largest diamond recovered in Botswana, and the largest diamond to be mined at Karowe to date, the unbroken 1,758 carat stone was recovered through Lucara's XRT circuit. Weighing close to 352 grams and measuring 83mm x 62mm x 46mm, the diamo...Read More
Alrosa, the world's leading producer of diamonds, told Reuters that the company expects a drop in its sales in 2019 due to weaker demand for polished diamonds from China. "We will not reach last year's sales numbers," Evgeniy Agureev, director of sales for Alrosa, said. In 2018, sales rose 6 percent from the previous year to $4.5 billion but the trend has changed, he said. Aguree...Read More
Women's Wear Daily (WWD), the influential online fashion business, trend and info hub, said that data from Coresight Research had tallied store closures of more than 8,000 in 2017 in the US. In 2018, there were more than 5,500 units that shuttered. And at current levels, store closures this year will exceed last year's numbers, WDD reported. WWD quoted a report from David Bassuk and Joel...Read More
Christie's is to auction the "Maharajas & Mughal Magnificence" collection in New York, June 19th. Speaking about this collection, Rahul Kadakia, Christie's International Head of Jewellery, said that the collection was made up of royal jewels and jeweled objects that date back nearly 500 years to the early part of the Mughal dynasty, which ruled in India from 1526 to 1857. The collect...Read More
The Angolan government has forcefully expelled more than 40,000 foreign citizens, arguing they were illegally dwelling in Angola. The foreigners were deported from the country since last January to date, under the ongoing Operation Transparency. At a press briefing on Thursday in Saurimo City, eastern Lunda Sul Province, given by the spokesman of Operation Transparency, Antonio Bernardo, Angola...Read More
Zimbabwe's Sunday Times reported that the Zim government will, in the next few weeks, announce at least two more investors that are expected to deploy huge foreign capital in the country's platinum sector as scores of local and foreign investors fall in love with the government's "Zimbabwe is Open for Business" mantra. The platinum sector is one of the few sectors in the economy that is...Read More