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]ccording to the 2016 American Customer Satisfaction Index, the Federal Government ranks among the bottom of all industries in the United States in customer satisfaction;”Calling citizens customers is like calling slaves employees. “Customer” implies that you could take your business elsewhere.And the ability to go somewhere else when you are dissatisfied with a service...Read More
Full Article: SWOT AnalysisBy: Frank HolmesThe best performing metal this week was silver, up 0.14 percent. Gold traders were back to bullish this week after gold bounced off its 200-day moving average after dropping to its lowest since December on Tuesday, according to the Bloomberg weekly survey of traders. The yellow metal fluctuated on Friday morning after the jobs report came out with mixed...Read More
IronRidge currently has one drill rig out at the Ewoyaa lithium project in Ghana as part of a 7,000m programme, which CEO Vince Mascolo said was a big moment for the explorer.Read More
For example, Ironbark said this week it was in the process of recruiting a mining crew and development team, and was "targeting" a shipment of fuel and materials to the site as part of "planning" to begin preliminary works at Citronen - including starting the boxcut, portal and decline into the Beach zone ore body. Read More
The company agreed to acquire the advanced Brazil project from Vale SA in December for US$8 million.Vale had put Vermelho's resource at more than 1 million tonnes of contained nickel and 43,000t of contained cobalt.Read More
Randgold Resources' March quarter was marked by lower production at its major operations, which hit cash flow despite cost reductions at some operations.Read More
(IDEX Online) - The World Federation of Diamond Bourses (WFDB) and the International Diamond Manufacturers Association (IDMA) have announced that as a result of the weak response to registration for the 38th World Diamond Congress due to be held in Tel Aviv, Israel, from June 19 to 21, they have reached a decision to postpone the Congress. The Congress, the biennial gathering of the WFDB a...Read More
The following has been adapted from a chapter Towards Mining Vision 2030, by Joel Netshitenzhe, ANC NEC member and executive director of the Mapungubwe Institute for Strategic Reflection (Mistra) in a book on The Political Economy of Mining in South Africa, to be published in 2018 by Mistra.South Africa’s mineral endowments present a unique opportunity for a new industrialisation drive and a...Read More
The company produced a record 68,088 ounces of gold during the three-month period, jumping 357% year-on-year.Read More
(IDEX Online) - De Beers said that it has successfully tracked 100 high-value diamonds along the value chain during the pilot of its industry blockchain platform, marking the first time a diamond's journey has been digitally tracked from mine to retail. An immutable and secure digital trail was created for a selection of rough diamonds mined by De Beers as they moved from the mine to cutter...Read More
JOHANNESBURG (miningweekly.com) – Diamond conglomerate De Beers Group has successfully tracked 100 high-value diamonds along the value chain during the pilot phase of its new industry blockchain platform.A selection of rough diamonds, mined by De Beers, were tracked through an immutable and secure digital trail that was created by the platform called Tracr as they moved from the mine to cutt...Read More
A proposed mining code review in Ghana and Mauritania's rejection of a key permit to expand a project dealt it a double blow, Bloomberg reported.Kinross had also flagged that Mauritania's government wanted to "enter into mutually beneficial discussions respecting all of Kinross' activities in Mauritania" in its quarterly results this week. On a positive note, shares in junior Midas Gold (TSX:...Read More
(IDEX Online) - CIBJO, the World Jewellery Confederation, will hold its 2018 annual congress in Bogot??, Colombia, from October 15-17, with pre-congress meetings beginning on October 13. The congress will be hosted by Fedesmeraldas, the National Federation of Emeralds of Colombia, which this year will be a celebrating the 20th anniversary of its founding. Immediately prior to the event, fro...Read More
It said an "immutable and secure digital trail" had been created using the developed Tracr platform for a selection of rough diamonds moving from a De Beers mine to a cutter and polisher to a jeweller.The platform should be launched later this year for all in the industry to use with the aim of improving visibility and trust within the industry, enhancing efficiencies across the value chain and en...Read More
(IDEX Online) - IDEX is publishing the 2017 Diamond Pipeline in the May edition of IDEX Magazine. Produced by Pranay Narvekar and Chaim Even-Zohar, the authoritative annual analysis looks at the latest developments in the diamond world, and provides insights about future directions. "In 2017, the diamond industry witnessed a period of relative calm and a semblance of balance," the re...Read More
(IDEX Online) - Sarine Technologies Ltd said that Borsheims selected the Sarine Profile to accompany each of Warren Buffett's limited series of Signature Diamonds sold at the annual Berkshire Hathaway shareholders meeting in Omaha, Nebraska. Each stone was engraved on-site by Sarine's DiaScribe system with Buffett's signature, a personalized commemoration or message of affection of the buy...Read More
Justifiably, Idaho's neighbouring states hog the spotlight when it comes to exploration and mining investment.But Barrick Gold's move on Midas Gold to secure a big say in development of one of the biggest emerging mines in the US (based on the circa-300,000ozpa projected run rate) signals the gold major is happy to look outside Nevada for its next significant ‘safe jurisdiction' project...Read More
SHANGHAI, May 10 (SMM) – Nonferrous metals futures inched up for the most part on Thursday May 10. Tin gained nearly 0.5%, while copper, zinc, and lead went up slightly. Aluminium edged down, and nickel fell close to 0.4%.The ferrous complex rose across the board except for iron ore, which lost over 0.4%. Hot-rolled coil gained nearly 1%, while rebar, coking coal, and coke edged up.Copper: T...Read More
SHANGHAI, May 10 (SMM) – Nonferrous metals futures inched up for the most part on Thursday May 10. Tin gained nearly 0.5%, while copper, zinc, and lead went up slightly. Aluminium edged down, and nickel fell close to 0.4%.The ferrous complex rose across the board except for iron ore, which lost over 0.4%. Hot-rolled coil gained nearly 1%, while rebar, coking coal, and coke edged up.Copper: T...Read More
SHANGHAI, May 10 (SMM) – Nonferrous metals futures inched up for the most part on Thursday May 10. Tin gained nearly 0.5%, while copper, zinc, and lead went up slightly. Aluminium edged down, and nickel fell close to 0.4%.The ferrous complex rose across the board except for iron ore, which lost over 0.4%. Hot-rolled coil gained nearly 1%, while rebar, coking coal, and coke edged up.Copper: T...Read More