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 Australian executive is reluctant to claim a mining boom is underway, but improved market conditions and a surge in activity in the Americas have certainly taken Ausenco out of the doldrums whereRead More
The Bharat Diamond Bourse BDB is considering the lifting of a ban on the trade of lab-grown diamonds LGDs). "We have received representations from a number of our members...and we will discuss this [request] at the board level," said BDB President Anoop Mehta. The BDB banned the trade in LGDS four years ago, to prevent the mixing of LGDS with natural diamonds by unscrupulous diamond merchants. Thi...Read More
The International Diamond Council (IDC) has elected Julien Drybooms as its new Chairman. Paul van der Steen, also of Antwerp, is the new Vice-Chair. "I am very pleased to take on this important position." said Drybooms. He expressed his gratitude to the IDC and its founding member organizations, the World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Associ...Read More
GemFair, a pilot project developed by De Beers Group, that aims to create a secure and transparent route to market for ethically sourced artisinal and small-scale mined (ASM) diamonds, is scaling up its operations in Sierra Leone to give more miners the opportunity to benefit from the opportunities the program offers. The GemFair pilot provides ASM diamond miners with access to De Beers Group's i...Read More
PERTH (miningweekly.com) – Mining major Rio Tinto has recovered a 28.84 ct gem quality white diamond from its Argyle diamond mine, in Western Australia, marking one of the largest gem quality white diamonds in its 35-year history.Named Argyle Octavia™ in recognition of its octahedral shape, this rough diamond will be sold by tender in Antwerp later this year.Advertisement“We are...Read More
The Women's Jewelry Association (WJA) has announced its 2019 honorees for the association's annual Awards for Excellence gala, to be held Monday, July 29, 2019. On the occasion, it will honor Carol Pennelli, president, David Yurman; Stellene Volandes, editor in chief, Town & Country magazine; and Mark Hanna, chief marketing officer, Richline Group. "Our Visionary Awards will go to wo...Read More
The US Commerce Department reported that in March, retail sales had increased by with 1.6 percent, indicating that this was the biggest increase since September 2017. In February, retail sales had dropped 0.2 percent Economists that were polled by Reuters had forecast that retail sales would accelerate only 0.9 percent in March. The growth in retail sales was 3.6 percent compared to March 2018....Read More
The Natural Color Diamond Association (NCDIA) announced it will stage a seminar and panel discussion about "Diamonds from Canada's Arctic Circle" at the upcoming JCK Show in Las Vegas. The NCDIA seminar's panelists will be Jim Pounds, Executive Vice President of Dominion Diamond Mines and Reid Mackie, Vice President of Mountain Province Diamonds. Rob Bates, Senior Editor of JCK Mag...Read More
Eastern promise for PolarXSPONSOREDpolarxThe miner produced 188,600 tonnes of copper during the quarter, 22.6% higher than the same 2018 period, although it was 14.Read More
Eastern promise for PolarXSPONSOREDpolarxThe Sandfire CEO's attention had turned to business development and the status of the opportunity Sandfire has had on its books since 2014 - the Black Butte copper project in Montana.Read More
Free college tuition. It became famous as one of Bernie Sanders' biggest campaign promises last time around.And now the same idea is starting to rear its head again ahead of 2020... Only this time it's starting with Elizabeth Warren and a new plan to forgive up to $50,000 in student loan debt for every man, woman, and child. (Just about.)In case you have any doubt, I'll be taking the other side of...Read More
There’s nothing more heartbreaking than a missed opportunity.About five years ago, I had a conversation with Jake, a good friend of mine who was also a hedge fund manager.Jake was telling me his biggest regret when it came to investing.“If only I had realized how strong the market was in 2012,” he told me with shame in his eyes. “I missed out on one of the best investment p...Read More
A common feature of mining industry gatherings over the past couple of years is a general bullishness on copper's future, with talk quickly turning to demand for copper being increasingly driven by the rapid adoption rates of copper-heavy electric vehicles (EVs) in Europe, the U.S. and China.For instance, at the 28th BMO Metals & Mining Conference in Florida in February, attendees voted in an info...Read More
Global Atomic's 'transformational discovery' changes everythingSPONSOREDglobal atomic corpAlkane maps own path to world-class critical metals producerSPONSOREDalkane resourcesWestern Atlas drill-ready in NunavutSPONSOREDwestern atlas resourcesHow to monitor and manage your Tailings Storage FacilitySPONSOREDisometrixJust when you thought I was done with silly stories from my dear old Da...Read More
A pilot project that creates a secure and transparent route to market for ethically sourced artisanal and small-scale mined (ASM) diamonds is scaling up its operations in Sierra Leone to give more miners the opportunity to benefit from the programme, diamond multinational De Beers Group, which is owned by diversified mining group Anglo American, said on Wednesday.The project, called GemFair, provi...Read More
Some people out there are starting to worry about creeping socialism, the number of genders, social justice warriors, and other perceived atrocities.I'm here to tell you, as I have for nearly a decade now, to keep the focus on yourself, your family, and what matters most to you. That's ultimately the best way to improve yourself, your community, and the world.The world has always changed and is al...Read More
Record Highs!!Read full newsRead More
Huawei's driver allowed for remote device management also enabled access to the Windows 10 OS operating system, thus allowing for a backdoor-like hack.Read full newsRead More
Imperial Mining Group (TSXV:IPG) President & CEO Peter Cashin was recently interviewed by TheFutureEconomy.ca as part of their Future Of Mining Series.Read full newsRead More
Precious metals were relatively flat for the week as the US dollar fluctuated, sending the metals in various directions before steadying.Read full newsRead More