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 total amount is twice the amount the U.S. Treasury paid to bail out the auto industry during the last recessionRead full newsRead More
JAKARTA, Feb 18 (Reuters) -* PT Freeport Indonesia's copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations from the mining ministry that will help it to obtain a new permit, company spokesman Riza Pratama said on Monday in a text message.* The unit of Freeport McMoRan for the time being is shipping part of its production to its smelter in East...Read More
JAKARTA, Feb 18 (Reuters) -* PT Freeport Indonesia's copper concentrate export permit expired on Feb. 15, and the company has not received export recommendations from the mining ministry that will help it to obtain a new permit, company spokesman Riza Pratama said on Monday in a text message.* The unit of Freeport McMoRan for the time being is shipping part of its production to its smelter in East...Read More
The Nasdaq clawed its way out of bear market territory on FridayThe dominant stock market headlines late last week generally seemed to fall under the category of "more of the same" -- speculation over U.S.-China trade negotiations; fresh developments on the politically divisive border wall; shifting Fed policy expectations; hot-and-cold corporate earnings; more Brexit fumblings out of the U.K.; an...Read More
How you can transform lagging indicators into leading indicators.Despite the strong January kick-start to 2019, many investors are still apprehensive of what's to come, especially considering some of the latest market-moving events -- think Fed policy announcements, U.S.-China trade negotiations, and earnings season, to start.While it's certainly no crystal ball, becoming familiar with the various...Read More
Use gold to protect any IRA, 401(k), or retirement account from a looming financial crisis. Every American needs to learn how to protect and secure their retirement against the worst stock market crash in history, and this IRA/401KInvestment Guide 2019 is one way the average American can help protect their investments in the event of a crisis.Jim Rickards is the nation's most vocal and intellig...Read More
The time to invest is now, according to one economist.The man who warned of the 2001 tech crash, the 2008 subprime financial disaster and oil's shocking fall in 2016 - years before they happened - has issued a new earth-shattering statement:"Right now, the markets are giving investors a critical window to rapidly boost their retirement savings before the greatest stock market crash in American his...Read More
The exploration company handed over the keys to Red Rock Resources chairman Andrew Bell and investor Paul Johnson.Read More
Full Article: Gold: A New Type Of Price CorrectionBy: Stewart ThomsonIs the latest tiny price correction in gold already done?Please click here now . Double-click to enlarge this daily gold chart. The uptrend looks majestic, and especially so in the face of the dollar's strength against the euro and the yen.Full Article: Gold: A New Type Of Price CorrectionBy: Stewart ThomsonDisclaimer (C) 201...Read More
LSE-listed Petra Diamonds, which on Monday announced the appointment of Richard Duffy as CEO, narrowed its adjusted net loss after tax to $4.5-million for the six months ended December 31, 2018, from the net loss of $7.2-million recorded for the six months to December 31, 2017.Nevertheless, outgoing CEO Johan Dippenaar conceded that the company’s interim results had been impacted on by the...Read More
Parcel Pro, a UPS Capital company, announced a partnership with ManufacturingJewelers & Suppliers of America (MJSA) that provides MJSA Premier Members accessto innovative technology and insured shipping at a time when the industry isexperiencing rapid e-commerce growth."E-commerce retail revenue is expected to top $4.88 trillion by 2021, so it is no surprisewe are seeing more luxury goods ship...Read More
IDEX - International Diamond Exchange, the global diamond, gem and jewelry industryand trade's leading online diamond-trading platform for professional diamond traders,has appointed veteran communications expert and strategic consultant Ya'akov Almorto serve as the new Editor-in-Chief of IDEX Online & Magazine. He succeeds AlbertRobinson."We're very pleased to have Ya'akov on board with us...Read More
Alrosa mined yet another large diamond recently, this time a rough piece that has thedistinct shape of a heart shape.The stone joins a group of other oddly shaped stones. Just in advance of the 2018World Soccer championship in Russia, the miner found a soccer-ball shaped roughdiamond. And this time around, the timing was once again perfect: the stone's find wasannounced just before Valentine's Day...Read More
The Diamond Trading Society of Angola (Sodiam) is spending more than US$ fivemillion to establish and operate its diamond cutting and polishing subsidiary StonePolished Diamond in Angola's capital of Luanda. The company currently employs 70people but is expected, according to Eug?(C)nio Pereira da Rosa, Sodiam's ChiefExecutive Officer, to expand the work force to 400.By 2020, the plant is to polis...Read More
Petra Diamonds, the owner and operator of the Cullinan mine, the diamond sourcethat more than a century ago produced the world's largest rough diamond ever, isplanning to clear its debt with the production of the mine's new section. Speaking toReuters, Cullinan's general manager Juan Kemp said it could take between five and10 years to achieve that goal.Reuters reported Petra's debt is currently ar...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesSchmidt said while growth in China had stuttered, urbanisation still represented one of the biggest growth drivers over the next decade.Read More
The immediate issue is trying to separate the grim reality of 200 people killed in the mudslides that followed the dam bursts from the fat profits being made by shareholders in iron ore miningRead More
Aim- and BSE-listed exploration company Botswana Diamonds has started with the planned intensification drilling on its Thorny River prospect in South Africa, with the first four holes having intersected diamonds at predicted thicknesses and depths. The programme, which comprises the drilling of 40 reverse circulation angle percussion boreholes to a depth of 30 m is expected to be completed wi...Read More
A Chinese financial and economic crisis has been in the forecasts of many analysts for years, including my own. So far, it has not happened. Does this mean China has solved the problem of how to avoid a crisis? Or is the crisis just a matter of time, set to happen sooner than later?My view is that a crisis in China is inevitable based on China's growth model, the international financial climate an...Read More
A large number of China analysts are concluding that growth in China is slower than the official government reports. In fact, growth is even worse than the pessimists imagine.The statistics on Chinese GDP growth for the fourth quarter of 2018 and the full-year have been widely reported. Quarterly growth was 6.4% (annualized), the lowest ever reported. Full-year growth for 2018 was 6.6%, the lowest...Read More