Is there a financial calamity worse than a severe recession in early 2023? Unfortunately, the answer is "yes" and it's coming quickly.That greater calamity is a global liquidity crisis. Before considering the dynamics of a global liquidity crisis, it's critical to distinguish between a liquidity crisis and a recession. A recession is part of the business cycle.It's characterized by higher unemploy...Read More

I hope you had a very happy and safe holiday season. 2022 is now in the rearview mirror, and it's time to look ahead to 2023. But in order to get a better idea of where we're going, it helps to remember how we got here.To say that 2022 was volatile and confusing for investors is clearly an understatement. Stocks crashed during most of the first half of 2022, rallied back in July and August, droppe...Read More

Humanity is putting all its eggs into one leaky, inefficient, and potentially explosive basket. Hydrogen is not going to save the world from carbon emissions. For decades now, it's been an elusive prize for engineers seeking an ideal green fuel source for hard-to-electrify industries like steel, chemical refining, and shipping.But in reality, it's hard to imagine a fuel that would be worse than h...Read More

IDEX Online) - Diamond manufacturer Kalpesh Jetani has been reunited with polished gems he lost on the way to deposit them at a vault in Surat, India.The packet, valued at $8,500, was found by textile entrepreneur Dharmesh Sakhiya, who posted notices at diamond markets across the city's' Varachha district.Mr Jetani spotted one such notice at the Prince Safe Deposit Vault, made contact, a...Read More

(IDEX Online) - The world's richest diamond mine for the first three quarters of 2022 was Jwaneng, in Botswana, with 10.3m carats.Orapa, also in Botswana, was second-placed with 8.0m carats, according to newly-published figures from miningintelligence.com.Both mines are operated by Debswana, a partnership between De Beers and the government of Botswana.Third on the list is Udachny mine, opera...Read More

(IDEX Online) - An amethyst and diamond pendant famously worn by the late Princess Diana, is expected to fetch up to $145,000 when it is auctioned by Sotheby's London later this month. The Fleur?? (C)e cross, circa 1920, set with square-cut amethyst and accented by circular-cut diamonds belongs to London-based Garrard, official jeweller to the royal family for 160 years until 2007.Prince...Read More

There are several key elements to having a rational view of likely price movements in precious metals in 2023. The first is accurately understanding what has happened in these markets in 2022 and where they stand as the year begins. The second is forming a sober, fact-based opinion about what has happened, where we stand at the start of 2023, and what is likely to happen in 2023 in the globa...Read More

We present the winner of the 2022 Northern Miner Scholarship, part of the Young Mining Professionals Scholarship Fund. Entrants were asked to write an essay outlining the mining industry's biggest challenges over the next 10 years. For a list of all the 2022 YMP Scholarship winners, visit www.ympscholarships.com/2022-winners.A societal shift is happening - specifically in the mindset of first-worl...Read More

Dear Outsider,We finally made it.2023.If you've stuck with us thus far, we thank you.It felt like we'd never get here.Lessons learned from last year?The rich always get richer and the poor always get poorer.Compound interest works in your favor.Crypto companies are a scam.Securities prices will ebb and flow but will always go up over time.Unconstitutional laws continue to benefit the rich and puni...Read More

(IDEX Online) - Plans to develop the huge Bunder diamond mine in India, with a potential yield of 34m carats, are facing opposition from environmental groups.Local residents claim the revival of mining activity at Buxwaha, in the central state of Madhya Pradesh, will destroy forest land, cost jobs, displace tribal populations and damage the environment.Rio Tinto leased the site from the state gove...Read More

(IDEX Online) - Botswana Diamonds (BOD), the UK-based explorer, says it is seeking joint venture opportunities to seek out new assets in Zimbabwe.The country relies on diamond mining for around 70 per cent of its foreign currency revenue, but is battling grinding poverty among its 15m population,John Teeling, chairman of BOD, said in a trading update: "There are significant geological opportunitie...Read More

(IDEX Online) - Price drops dominated yet again among rounds during December, but there price increases among fancies, as consumers opted for lower-priced goods. Manufacturers in Surat reportedly working at just half capacity.  Consumer demand remains depressed, with pre-Christmas spending down 5.4 per cent year-on-year, according to the latest Mastercard SpendingPulse report. And inflation s...Read More

Share this articleVANCOUVER - Kenadyr Metals Corp. [KEN-TSXV; KNDYF-OTC; KM0-FSE] entered into a binding arrangement agreement, dated December 29, 2022, to acquire all of the outstanding shares of Karus Gold Corp. by way of a plan of arrangement.Karus Gold, a private company, controls a dominant 1,000 km2 of claims in in the prolific Cariboo Gold District of central British Columbia. The clai...Read More

Surging demand for battery metals is offsetting increased costs to build PolyMet Mining's (TSX: POM) copper-nickel project in northeastern Minnesota, according to new estimates. Developing the first phase of the NorthMet open-pit operation about 100 km north of the Lake Superior port of Duluth is forecast at US$1.2 billion in an updated feasibility study released Friday. That's greater than a qua...Read More

Global Battery Metals (TSXV: GBML) says it will stop exploring for nickel, copper and platinum group metals at its Sawyer camp in northern Michigan and instead focus on lithium projects in Ireland and Utah. The Vancouver-based company completed two 300-metre scout drill holes and a borehole/surface electromagnetic survey at the camp, located on the peninsula between the Great Lakes of Michigan a...Read More

Copper Mountain Mining (TSX: CMMC; ASX: C6C) has shut its mine in southern British Columbia as it works with authorities to repel a ransomware attack.The shutdown is a preventative measure as Copper Mountain assesses the extent of the attack on its systems at the mine and its corporate offices in Vancouver, the company said in a news release on Thursday.There was no immediate word on damage, any...Read More

A team of researchers has discovered at least two minerals never before seen on earth in a 15-tonne meteorite found in Somalia - the ninth-largest meteorite ever found.The two minerals, with a potential third mineral under consideration, came from a single 70-gram piece that was sent to the University of Alberta for classification. "Whenever you find a new mineral, it means that the geological co...Read More

Two employees of B2Gold (TSX: BTO) in Mali were killed Thursday when their bus was attacked in an armed robbery, the miner says. The incident occurred when the bus under police escort was transporting workers from the Fekola gold mine to Bamako, the capital of the west African country. They came upon a robbery in progress about 75 km west of the city, the company said in a statement."Security for...Read More

(IDEX Online) - The holiday season saw a 5.4 per cent drop in year-on-year jewelry sales in the US, despite a growth in overall spending of 7.6 per cent.Shoppers opted to spend their dollars on eating out - restaurants raked in 15.1 per cent more than in 2021, according  to Mastercard SpendingPulse's report on US retail sales across all payment types.Spending on clothes also rose, by 4.4...Read More

The mayors of five municipalities in northern Colombia's Cesar mining corridor want the government of President Gustavo Petro to phase out mining operations with a smooth transition into other industries instead of an abrupt halt.About 90% of the corridor's economy is based on mining and related activities.The mayors expressed concern regarding Petro's stance on mining, according to local media, p...Read More