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

India and Vietnam: Taking the Glitter out of Gold … When uncertainty reigns, investors all over the world turn to gold as a safe haven. But some countries are starting to take issue with their residents' preference for storing wealth in gold bars, rather than bank accounts. Large gold imports can throw of a country's current account balance – the difference between what a count...Read More

Close to 40 masked intruders stormed into the facilities of a gold mine project in northern Greece Sunday morning, setting machinery and offices on fire, AP reports.The Skouries project in the Halkidiki peninsula, run by a subsidiary of Canadian Eldorado Gold (TSX: ELD) (NYSE:EGO), has been the target of numerous and -at times- violent protests by locals and activists who strongly oppose the gold-...Read More

If you're making long term bets with billions of dollars even your worst-case forecast has to be pretty positive.And if you're talking spades of money and eye-watering lead times few things come close to building an iron mine from scratch.Sandy Chim, CEO of Century Iron Mines, is making exactly these bets with a greenfield project in the Labrador Trough.The iron ore business is all about China.I...Read More

Putin Turns Black Gold Into Bullion as Russia Out-Buys World … When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he's not just talking. He's betting on it. Not only has Putin made Russia the world's largest oil producer, he's also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the pa...Read More

Putin Turns Black Gold Into Bullion as Russia Out-Buys World … When Vladimir Putin says the U.S. is endangering the global economy by abusing its dollar monopoly, he's not just talking. He's betting on it. Not only has Putin made Russia the world's largest oil producer, he's also made it the biggest gold buyer. His central bank has added 570 metric tons of the metal in the pa...Read More

Can local currencies help advance global sustainability? Local financial systems that put people and the environment at their heart are welcome, but can these new models be truly scaled? Local currencies can encourage shoppers to buy local, purchasing their goods at nearby shops and markets … By definition, they can be exchanged for goods only in a limited region. So why participate? The cor...Read More

Can local currencies help advance global sustainability? Local financial systems that put people and the environment at their heart are welcome, but can these new models be truly scaled? Local currencies can encourage shoppers to buy local, purchasing their goods at nearby shops and markets … By definition, they can be exchanged for goods only in a limited region. So why participate? The cor...Read More

On January 24, 2013, state-owned company Kazatomprom announced that the uranium production in the Republic of Kazakhstan amounted to 20.9 ktU in 2012 (excluding data from the Stepnogorsk mining and processing facility).This means that Kazakhstan remained the world's largest uranium producer in 2012 with approximately 37% of global uranium production volume (55.7 ktU, according to Kazatomprom's pre...Read More

GLASGOW WINS £24 million FUTURE CITIES competition … Glasgow City Council has welcomed news that it has won a £24 million future cities competition to showcase how UK cities can grow their local economy and improve the lives of their citizens by making the most of new technologies and by integrating and connecting city systems. The Future Cities Demonstrator competition, managed...Read More

GLASGOW WINS £24 million FUTURE CITIES competition … Glasgow City Council has welcomed news that it has won a £24 million future cities competition to showcase how UK cities can grow their local economy and improve the lives of their citizens by making the most of new technologies and by integrating and connecting city systems. The Future Cities Demonstrator competition, managed...Read More

Minamata Convention Agreed by Nations … Global Mercury Agreement to Lift Health Threats from Lives of Millions World-Wide … Geneva/Nairobi, 19 January 2013 − International effort to address mercury − a notorious heavy metal with significant health and environmental effects − was today delivered a significant boost with governments agreeing to a global, legally-binding...Read More

Minamata Convention Agreed by Nations … Global Mercury Agreement to Lift Health Threats from Lives of Millions World-Wide … Geneva/Nairobi, 19 January 2013 − International effort to address mercury − a notorious heavy metal with significant health and environmental effects − was today delivered a significant boost with governments agreeing to a global, legally-binding...Read More

Beleaguered Canadian miner Eldorado Gold Inc. (TSX:ELD) (NYSE:EGO) is facing renewed antagonism to its projects in Greece.France Press reports that hundreds of demonstrators marched in Athens on Jan. 12 against Eldorado's Hellas gold project in the northern region of Halkidiki, as locals claim it is causing irreversible damage to the environment.Several citizens' groups, backed by the radical lef...Read More

The government of El Salvador has asked the Inter-American Commission on Human Rights (CIDH) to help the country push for a halt of Vancouver-based Goldcorp's (TSX: G), (NYSE: GG) Cerro Blanco gold-silver project in southern Guatemala, reports La Informaci??n (in Spanish).The article says El Salvador's human rights defense attorney general (PDDH), Oscar Luna, claims Cerro Blanco mine will greatly...Read More

Only days after the Egyptian authorities announced they will boost the mining industry in the country, a 400 kg shipment of Centamin's (LON:CEY), (TSX:CEE) gold was prevented from leaving the nation, at least until the company receives a permit from the national petroleum ministry, reports Ahramonline.The Alexandria-based company, which is Egypt's largest gold producer, had a similar problem in O...Read More

In an effort to invite investment, grow revenue and expand the country's overall economy, Egypt has announced that is considering "offering a number of international bids for mineral exploration sites, particularly for gold," reports local paper Al-Shorfa.But the goal won't be an easy one to achieve and not exactly for a lack of resources. In fact, Egypt has a long mining history, with evidence of...Read More

AN ISLAND IN THE PHILIPPINES - John Felderhof looks much thinner than when we first met at the Prospectors and Developers Association of Canada convention in 2010.The weight loss could be from the heat and humidity of the Philippines, where the 72-year-old lives in a house with a single beaten-up air conditioner in his bedroom.Or it could be the stress of writing his memoirs - a project he started...Read More

Early in 2012, the Law Society of Upper Canada convicted Toronto securities lawyer Joe Groia of "incivility" during his defense of John Felderhof against quasi-criminal charges laid by the Ontario Securities Commission of insider trading and issuing false or misleading information. (Felderhof was never charged with a criminal offence.) The geologist hired Groia in 1997, the trial began in 2000, an...Read More

As many individual investors have taken a cue from professional and institutional money managers, alternative investments have gone mainstream - and commodities lead the trend. Interest in this asset class has exploded as individual retail investors have discovered commodities' vast benefits, like low correlation to equities and bonds, inflation-fighting capabilities and their ability to profit f...Read More

China is set to expand its development of overseas uranium sources, with the nation's leading state-owned nuclear power company announcing on Monday that it will speed up investment and exploration in Australia, Africa and Central Asia.The China Daily reports that Sun Qin, chairman of the China National Nuclear Corp (CNNC) which is responsible for the operation of over 40% of the country's nuclear...Read More