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 prospective rare earths mine that could become a longterm supplier of neodymium and praseodymium has been green-lighted by the state Environmental Protection Authority (EPA).Arafura Resources (ASX:ARU) on Friday received approval from the Northern Territory Environment Protection Authority (EPA), after an assessment process lasting more than two years. The EPA found that the risks from mining...Read More
JOHANNESBURG (miningweekly.com) – Generations of diamond processing experience, interwoven with modern know-how, is extending the diamond endowment of the city of Kimberley.Kimberley Ekapa Mining Joint Venture (KEM-JV) has come up with a viable business model that returns a diamond sparkle to the city renowned for its 19th-century diamond mines and hand-dug Big Hole.AdvertisementThe historic...Read More
Chairman of G?(C)camines emphasized, in the name of the Board of Directors, only the reconstruction of a strong national mining actor will be able to transform the wealth of the Congolese soil into wealth for the Congolese peopleLUBUMBASHI, Democratic Republic of Congo, January 8, 2018The 2017 financial year has just ended with the concrete materialization of an awaited commitment: the inauguratio...Read More
Valor Resources Limited is pleased to report an updated JORC Mineral Resource Estimate for the Berenguela CopperSilver Project. The updated Resource Estimate includes an 80% increase in total tonnage, as well as a maiden Measured Resources Estimate. Comparisons between the Resource Estimate published in October 2017 and this updated Mineral Resource Estimate can be seen from the two tables on...Read More
Palisade Research January 8, 2018 Category: Research India's government just shocked the automobile and commodity marketplace. They made the ambitious move in declaring that by 2030, all vehicles sold will be Electric Vehicles (EV's). The papers finalizing the policy could be signed by year end. . ."The government has declared that India - set to be the world's third largest car market within fi...Read More
Over 30,000 people had their electronic devices searched without probable cause or a warrant by Customs and Border Protection in 2017. This is a 50% increase from 2016.Most of the searches took place at airports when travelers were leaving the country. And 80% of those searched were not American citizens.I happen to think anyone on American soil deserves every protection under the Bill of Rights....Read More
Over 30,000 people had their electronic devices searched without probable cause or a warrant by Customs and Border Protection in 2017. This is a 50% increase from 2016.Most of the searches took place at airports when travelers were leaving the country. And 80% of those searched were not American citizens.I happen to think anyone on American soil deserves every protection under the Bill of Rights....Read More
The Ras Lanuf Oil and Gas Processing Company (RASCO) welcomed on Sunday rulings in favor of the Libyan National Oil Corp (NOC) in international arbitration cases over the 200,000 bpd Ras Lanuf refinery, and said it hoped to restart work in the second half of this year.Read full newsRead More
Breaking news and videos of today's latest news stories from around New Zealand, including up to date weather, World, sport, business, Entertainment, Technology Life and Style, Travel and motoring.Read full newsRead More
The Central American nation of Belize, in a move to protect the largest barrier reef in the Western Hemisphere, has banned the offshore extraction of oil and gas in its maritime territories.Read full newsRead More
Rising shipments of Russian crude to China could lead to rising crude prices for its top crude market: EuropeRead full newsRead More
DAMASCUS, SYRIA (11:00 PM) - A massive explosion shook the rebel stronghold of Idlib late on Sunday, as a car bomb exploded within the city. According to oRead full newsRead More
China on Friday tightened limits on critically important energy supplies to North Korea and stepped up other trade restrictions under intensified U.N. nuclear sanctions.Read full newsRead More
China is pushing to limit consumption of coal, which is used to produce most of its electricity.Read full newsRead More
A prospective rare earths mine that could become a longterm supplier of neodymium and praseodymium has been green-lighted by the state Environmental Protection Authority (EPA).Arafura Resources (ASX:ARU) on Friday received approval from the Northern Territory Environment Protection Authority (EPA), after an assessment process lasting more than two years. The EPA found that the risks from mining...Read More
A tanker carrying Iranian oil and run by the country's top oil shipping firm was ablaze and spewing cargo into the East China Sea on Sunday after colliding with a Chinese freight ship, leaving the tanker's 32 crew members missing, the Chinese government said.Read full newsRead More
For months now, deteriorating economic conditions, a worsening humanitarian crisis, and social unrest in Venezuela have threatened the ability of the Maduro regime to govern.. Lack of revenues has put the nation on the brink of default on several occasions and Venezuela's oil production and export volumes have markedly declined. The political crisis has been magnified by President Nicolas Maduro's...Read More
The U.S. is on track to overtake Russia and Saudi Arabia as the world's leading oil producer for the first time since 1975, according to a forecast from Rystad Energy.Read full newsRead More
An Iranian oil tanker sailing to South Korea collided with a cargo ship off China's coast and caught fire, leaving at least 32 people missing on Sunday.Read full newsRead More
Cheating and shale will be overcome by compliance.Read full newsRead More