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

A strengthening global economy bodes well for Canada's top commodity stocks.Let's take a look at Nutrien Ltd. (TSX:NTR)(NYSE:NTR) to see if it deserves to be on your buy list.New companyThe merger of Potash Corp. and Agrium Inc. earlier this year created a global crop nutrients powerhouse now called Nutrien.The combined company is better positioned to compete on the global wholesale fertilizer sta...Read More

Nevsun's Bisha copper-zinc mine in Eritrea, Africa. Source Nevsun Resources Ltd.Nevsun Resources Ltd. [NSU-TSX, NYSE AMERICAN] is facing growing pressure to enter into negotiations with its would-be suitors Euro Sun Mining Inc. [ESM-TSX, CPNFF-OTC] and Lundin Mining Corp. [LUN-TSX; LUMI-Sweden].Having been approached in connection with a takeover, "Nevsun should now enter good faith negotiations w...Read More

Kamoa Construction Of Box-cut For Underground AccessRegulations that will set the stage for a new Mining Code in the Democratic Republic of Congo are expected to be signed into law today (Friday June 8). This follows on the heels of news that Congolese President Joseph Kabila would sign into law a new mining code that will raise royalties on minerals across the board in March this year.The new min...Read More

For all the bad things people like to say about the human species, there is a flip side. Human innovation takes on an almost magical quality when problems need to be solved. Never underestimate the power of people to partner with nature for good.Mushrooms are an overlooked resource. Research into the many applications for mushrooms is just now catching some momentum. From food source to industrial...Read More

Full Article: Canadian Asset Managers Jumping Into Gold At An Astonishing PaceBy: Neils ChristensenMajor Canadian asset managers are turning to gold at an unprecedented pace as an essential portfolio diversifier and hedge against growing market risk and volatility, according to an executive at State Street Global Advisors.In a recent presentation in Montreal, Bobby Eng, head of SPRD ETF busines...Read More

Clayton North was pegged by Jindalee geologists and covers 2.3sq.km, with outcropping claystone horizons containing lithium values said to have been augured by the junior.Read More

The Toronto-headquartered company said it would, together with joint venture partner EHR Resources, start immediately on a 4,000m drilling programme to further test the Rufina and San Markito targets.Recent drilling has returned a number of "encouraging" gold intersections, Eloro reported, with highlights being 3.46 grams per tonne gold over 7.4m, which included 7.31gpt over 3.4m and 2.73gpt over...Read More

The Vancouver-headquartered company intends to undertake a three-phase campaign to outline sufficient resources to form the basis of a feasibility study to examine the potential restart of the brownfields project.Read More

The 882-hectare land package is situated over an inferred trend next to the historic Big Mike copper mine, first discovered in the 1930s.In the late 1960s, Cerro Corp further explored the property, uncovering a 91m high-grade massive sulphide lens underlying a shallow lower-grade oxidised portion of the deposit.In 1970, Ranchers Exploration and Development Company developed a portion of the high-g...Read More

The funds will be used to develop Koksay, including a feasibility study to determine the detailed mining and processing operations design and the associated capital budget.Once the FS is completed, KAZ's board will decide how and when to proceed with the project.Koksay is a potential openpit development with an estimated mineral resource of 736 million tonnes at an average grade of 0.42% copper, a...Read More

The 1,000 tonnes per day production line has completed ramp-up, testing, tuning, and the mill was operating adequately, the company said.Mill Circuit 4's ball mill first turned over on February 26, with only minor adjustments needed. Subsequently, commissioning of the complete circuit resumed on May 19, with the introduction of mill feed, followed by testing of the classification, flotation, thick...Read More

CABS Platform has sent a list of five people to Petropavlovsk who each own 20% of the Cyprus-registered firm. Read More

Bannerman, which started the current quarter with A$1.3 million cash, will use the funds for further optimisation studies on the Etango project in Namibia.While the project has been the subject of multiple studies this decade, the low uranium price has precluded development of the previously modelled US$793 million, 7.2 million pounds per annum operation.However, there is some optimism that the ma...Read More

However, he noted in his budget speech Thursday that, while this should be addressed for the DMR to be a catalyst for growth and development in South Africa, he was mindful of its financial constraints and would "strive to deliver with the limited resources at our disposal".Read More

Right-wing senator Ivan Duque emerged as the clear victor of the first round of voting in Colombia's presidential elections on May 27, attracting 39% of the 19 million votes cast. That compares to just 25% garnered by the left-winger, Gustavo Petro.Read More

Using effective, remote marine mining tools that can handle rugged and uneven midwater terrains has placed abundant midwater diamond deposits within reach of small-scale mining operations, says local diamond exploration company Mza Diamond Resources CEO Willem Steenkamp. He notes that geologists estimate that more than 90% of South Africa’s total diamond reserves lie off the West Coast of So...Read More

The consideration for Talisman's Monty stake is on a cash-free and debt-free basis, with the US$11.5 million drawn down by Talisman under a debt facility with Taurus Mining Finance Fund to be repaid before the completion of the transaction.Read More

SHANGHAI, Jun 8 (SMM) – Nonferrous metals dipped across the board on Friday June 8 with SHFE nickel leading the loss and closing nearly 2.4% lower. Tin dropped 1.2%, lead fell 0.72%, and copper, zinc, and aluminium inched down. The ferrous complex saw mixed trading. Coke rose 0.73%, coking coal gained 0.28%, while iron ore slumped nearly 1.2%. Rebar and hot-rolled coil dipped. Copp...Read More

SHANGHAI, Jun 8 (SMM) – Nonferrous metals dipped across the board on Friday June 8 with SHFE nickel leading the loss and closing nearly 2.4% lower. Tin dropped 1.2%, lead fell 0.72%, and copper, zinc, and aluminium inched down. The ferrous complex saw mixed trading. Coke rose 0.73%, coking coal gained 0.28%, while iron ore slumped nearly 1.2%. Rebar and hot-rolled coil dipped. Copp...Read More

SHANGHAI, Jun 8 (SMM) – Over 100 housing projects are likely to be up for sale across Shenzhen in 2018, Shenzhen Economic Daily reported from the Shenzhen Planning Land and Resources Commission on Friday June 8.This translated to over 50,000 new homes, up 50% from a year ago.In May, the Shenzhen government approved 481,500 square metres of residential housing areas for pre-sale, up...Read More