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
Here’s Why Libertarian Candidate Gary Johnson Isn’t Ready for Primetime ... American voters will need more details to jump to a third party candidate like Johnson. The Libertarian Party had one of its most high-profile tests in its history on Wednesday night when both members of its 2016 presidential ticket answered questions during a town hall aired on CNN. They might want to ask...Read More
Flat Earth PSYOP: CIA Black Op Designed to Destroy the Truth ... There is an insidious conspiracy at work throughout the entire Internet which seeks to destroy Truth Movements everywhere. One of its organs of mischief is known as the Flat Earth Society (FES) and its explicit purpose is to take down every single truth-oriented website, blog and/or organization which permits an open comment sect...Read More
On November 11, 1947, Winston Churchill, then ex-Prime Minister of the United Kingdom, rose to speak at a debate in the House of Commons:"Many forms of Government have been tried, and will be tried in this world of sin and woe. No one pretends that democracy is perfect or all-wise.Indeed, it has been said that democracy is the worst form of Government except all those other forms that have been tr...Read More
Donald Trump’s Latest Distortions on Hillary Clinton ... A look at Trump's assertions about Clinton on Wednesday and how they stack up with the facts ... Donald Trump's fierce denunciation of Hillary Clinton on Wednesday was rife with distortion. -AP/FortuneThis article by the AP posted at Fortune attempts to counteract distortions in yesterday's speech about Hillary Clinton by Donald Tr...Read More
Why the Fed’s Stress Tests Aren’t Credible ... For the sixth year in a row, the U.S. Federal Reserve is conducting stress tests to see whether the country’s largest banks can withstand a severe crisis. If only the results, to be announced this week and next, were more useful. -BloombergFederal Reserve stress tests for banks are a fantasy.They don't address contagion, for one th...Read More
The Federal Reserve Says U.S. Stocks Are Overpriced ... It's the starkest warning yet under Chair Janet Yellen. The Federal Reserve on Tuesday delivered its starkest warning yet under Chair Janet Yellen that by its assessment U.S. stocks are pricey. "Forward price-to-earnings ratios for equities have increased to a level well above their median of the past three decades," the Fed's twice-annua...Read More
Here’s Why Libertarian Candidate Gary Johnson Isn’t Ready for Primetime ... American voters will need more details to jump to a third party candidate like Johnson. The Libertarian Party had one of its most high-profile tests in its history on Wednesday night when both members of its 2016 presidential ticket answered questions during a town hall aired on CNN. They might want to ask...Read More
Flat Earth PSYOP: CIA Black Op Designed to Destroy the Truth ... There is an insidious conspiracy at work throughout the entire Internet which seeks to destroy Truth Movements everywhere. One of its organs of mischief is known as the Flat Earth Society (FES) and its explicit purpose is to take down every single truth-oriented website, blog and/or organization which permits an open comment sect...Read More
Fed’s Yellen: US economy faces ‘considerable uncertainty’ ... Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee on June 21, 2016 in Washington on June 21, 2016 ... Federal Reserve Chair Janet Yellen warned Tuesday that the US economy faces “considerable uncertainty” from slower domestic activity...Read More
Hillary Clinton Makes Dire Predictions for Economy if Donald Trump Wins ... Clinton Skewers Trump's Economic Policy ... Hillary Clinton, the presumptive Democratic presidential nominee, spoke in Columbus, Ohio, on Tuesday, criticizing Donald J. Trump's plans for the economy. -New York TimesEvery time a law is passed or a regulation is applied, it diminishes prosperity for some at the expense of ot...Read More
The head of the United Nations' International Monetary Fund, Christine Lagarde, is facing charges in France for embezzlement. If found guilty, she could go to prison for ten years. – RebelMediaThis has been little-reported despite its significance: The head of the IMF is going on trial over a ?315million payment to businessman Bernard Tapie in 2008.According to an insightful commenter who w...Read More
Fed’s Yellen: US economy faces ‘considerable uncertainty’ ... Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee on June 21, 2016 in Washington on June 21, 2016 ... Federal Reserve Chair Janet Yellen warned Tuesday that the US economy faces “considerable uncertainty” from slower domestic activity...Read More
Hillary Clinton Makes Dire Predictions for Economy if Donald Trump Wins ... Clinton Skewers Trump's Economic Policy ... Hillary Clinton, the presumptive Democratic presidential nominee, spoke in Columbus, Ohio, on Tuesday, criticizing Donald J. Trump's plans for the economy. -New York TimesEvery time a law is passed or a regulation is applied, it diminishes prosperity for some at the expense of ot...Read More
The head of the United Nations' International Monetary Fund, Christine Lagarde, is facing charges in France for embezzlement. If found guilty, she could go to prison for ten years. – RebelMediaThis has been little-reported despite its significance: The head of the IMF is going on trial over a ?315million payment to businessman Bernard Tapie in 2008.According to an insightful commenter who w...Read More
WE HAVE UPDATED THE RANKING - CLICK HERE FOR THE NEW TOP 50 MINING COMPANIES As with most rankings, the 13th annual study by PwC of the world's 40 biggest miners elicited a lot of discussion. Following on this debate MINING.com asked our sister organization IntelligenceMine to compile a new list and to update the rankings to take into account the big swings in market valuations and commodity pri...Read More
Technical analyst and newsletter writer Clive Maund explores the link between an anticipated copper rally and an upswing in Chinese markets.In marked contrast to gold, copper looks to be set up for a sizable rally here. On its one-year chart we can see that after its significant drop during May and early June, it is down on an important support level that is certainly capable of generating a rally...Read More
Together with announcing a major management reshuffle and division reorganization, Rio Tinto (ASX, LON:RIO) revived Tuesday rumours of an incoming $9 billion BHP-style spinoff.Soon-to-be Rio's chief executive, Jean-S?(C)bastien Jacques, overhauled the group business divisions, leaving its least loved units - coal, uranium salt, borates and its Iron Ore Co. of Canada - under a new umbrella branded...Read More
Rio Tinto's iron ore will now focus only on the firm's operations in the Pilbara region of Western Australia. Image of the Paraburdoo operation, in the Pilbara, courtesy of Rio Tinto)Ten days before officially assuming as the new chief executive officer of Rio Tinto (ASX, LON:RIO), Jean-S?(C)bastien Jacques has begun making major changes at the top level in an effort to improve the company's balan...Read More
Sending a coded message: Bush 43 skewers Trump without saying a word ... George W. Bush just pulled off something rather remarkable. He got himself on the front page of the New York Times as helping to save the Republican Party from Donald Trump without uttering a word. Nice work if you can get it. - Howard Kurtz/FoxSo George Bush is "saving" the GOP from Donald Trump.Too bad someone couldn't...Read More
A FORMER World Bank vice president has said history shows Britain will leave the European Union (EU) on Thursday – and branded David Cameron "lazy" for not realising it. - UK ExpressThis article makes the case that Brexit will happen and quotes Ian Golden as saying these are "unusual times."Ian Goldin is author of some 20 books according to the Express and is an Oxford professor and former...Read More