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

Nemaska's hydrometallurgical plant in Shawinigan, Quebec. Source: Nemaska Lithium Inc.Nemaska Lithium Inc. [NMX-TSX, NMKEF-OTCQX, NOT-FSE] shares were active Wednesday May 23 on news that the company is raising up to $402 million to fund a lithium mine and processing plant in Quebec.Over 7.29 million Nemaska shares changed hands in early trading Wednesday, making it the most actively traded stock...Read More

Exploring the Silver Vista property MR area. Source: Glacier Lake Resources Inc.Glacier Lake Resources Inc. [GLI-TSXV; CLIF-OTC] on Wednesday May 23 released the results from a maiden diamond drill program on its Silver Vista property near Smithers, British Columbia.Silver Vista is a district scale property, covering 20,736 hectares, which has the potential to host bulk-tonnage (open pit) silver a...Read More

Lithium, photo: Dnn87, CC BY 3.0News of a $400 million financing package for a Quebec mine and processing plant put lithium firmly back in the spotlight Wednesday May 23.Nemaska Lithium Inc. [NMX-TSX; NMKEF-OTCQX; NOT-FSE], a leading Canadian player in the lithium exploration and development field, is raising the funds to support commercial development of its Whabouchi lithium mine and Shawinigan...Read More

Border Surveillance of ElectronicsCustoms and Border Protection has been slowly ramping up their illegal searches over the past few years.As we discussed in January, over 30,000 people had their electronic devices searched without probable cause or a warrant by Customs and Border Protection in 2017. This was a 50% increase from 2016.I believe anyone on American soil deserves every protection under...Read More

Minerals Council president Mxolisi Mgojo announced the changes at the council's 128th annual general meeting on Wednesday and said the new logo and name had come after "extensive research". "This change signals our desire to move forward, building a new legacy, and creating a future of which all South Africans can be proud," he said. "And while we acknowledge our past, we do not accept t...Read More

Paction will acquire 1126 sq.km of ground held by Impact for C$350,000 cash and 2.12 million shares, with a resource milestone and royalty also potentially coming into play if subsequent exploration is successful.Read More

(IDEX Online) - Jewelry group Chow Tai Fook Jewellery Group and the GIA are to use blockchain technology to deliver secure, digital diamond grading reports to consumers for the first time, the GIA said.   Clients of Chow Tai Fook's diamond brand, CHOW TAI FOOK T MARK (T MARK), will receive a permanent and immutable blockchain record of their diamond's GIA grading information.   This inn...Read More

Improved operational results and firmer commodity prices helped boost revenue for the 12 months to March 31 by 33% year-on-year to US$15.4 billion and profit for the year by 67% to $1.5 billion.Read More

JOHANNESBURG (miningweekly.com) – The Chamber of Mines has rebranded and is now the Minerals Council South Africa (MCSA) in line with its quest to reposition the sector as South Africa’s  preeminent industrial sector, while building a new legacy and creating a “future that all South African can be proud of”, MCSA president Mxolisi Mgojo announced on Wednesday.He reveal...Read More

It had said in October that it expected the 2017 annual profit to exceed $1 million for the first time after it sold a record volume of magnetite from its Cobre tailings operations in New Mexico, US, during the September quarter.For the whole of 2017, the company's domestic sales from Cobre totalled $5.6 million, almost tripling from the previous year's $1.5 million.Strategic had a busy 2017, acqu...Read More

(IDEX Online) - Lucapa Diamond Company Limited has found a 25-carat yellow diamond at the Mothae kimberlite mine in Lesotho.   Significantly, the gem-quality Special was recovered from the Neck Zone of the Mothae kimberlite, which is not part of the current +1 million carat JORC resource, the miner said.   "The diamond was recovered within the first two days of trial processing through...Read More

De Beers Groups’ Forevermark brand has launched Libert’aime by Forevermark – a new flagship store in Shanghai, China.This is the one-thousandth Forevermark store in China and comes as the brand celebrates its ten-year anniversary in the country.AdvertisementLibert’aime by Forevermark offers a diamond jewellery range created to celebrate the spirit of a new generation of wom...Read More

(IDEX Online) - Gem Diamonds Limited has recovered a 115-carat, top white color, Type IIa diamond from the Let??eng mine in Lesotho, the highest dollar per carat kimberlite diamond mine in the world.   It is the ninth diamond weighing more than 100 carats recovered so far this year, which already exceeds the total number of diamonds of over 100 carats recovered in 2017. Read More

Cobalt 27 has agreed to pay an upfront deposit of US$113 million for 55% of Highlands' share of cobalt production and a 27.5% share of its nickel production from the Ramu mine in Papua New Guinea, under a life-of-mine streaming deal.Read More

(IDEX Online) - Mountain Province Diamonds Inc. has announced the completion of the winter drilling program at the Kennady North Project.   The 100%-owned Kennady North Project was recently acquired through a business combination with Kennady Diamonds Inc.   Three drill rigs have been active on the program, with one drill dedicated to delineation drilling on Faraday 2, a second drill de...Read More

At another time in the financial cycle there might be a different result in an attempt to "build my own diversified miner", with the basis of the test being to see whether a group of medium-sized resource stocks which broadly mimic BHP and Rio Tinto in terms of what they produce could outperform the leaders.Read More

(IDEX Online) - Greenland Ruby will be appearing at the JCK Show in Las Vegas, from June 1-4, and will each day be displaying a mini "iceberg" in which a real Greenlandic ruby has been frozen.   Visitors will be encouraged to guess the carat weight of the encased ruby for a chance to win the gem. Contestants can take 'selfies' in woolly hats with the iceberg, and post "from Greenlan...Read More

Commodity Discovery Fund founder and chief investment officer, Willem Middelkoop travelled to Sydney, Australia for the inaugural ResourceStocks Sydney 2018 conference, where he spoke on ‘discovery investing' and, in particular, the CDF's major current exposure to the Australian Pilbara conglomerate gold rush.Here he speaks with Mining Journal editor in chief, Richard Roberts, on the sidelin...Read More

SHANGHAI, May 23 (SMM) – Most nonferrous metals traded weakly, rangebound on Wednesday May 23. SHFE tin recovered slightly from its poor performance last week and gained 0.8%. SHFE copper saw a smaller increase, and closer higher than yesterday. SHFE zinc dropped close to 1%, aluminium slid 0.8%, nickel lost 0.6% and lead dipped.The ferrous complex fell across the board with coking...Read More

SHANGHAI, May 23 (SMM) – Most nonferrous metals traded weakly, rangebound on Wednesday May 23. SHFE tin recovered slightly from its poor performance last week and gained 0.8%. SHFE copper saw a smaller increase, and closer higher than yesterday. SHFE zinc dropped close to 1%, aluminium slid 0.8%, nickel lost 0.6% and lead dipped.The ferrous complex fell across the board with coking...Read More