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

(IDEX Online) - Crime has cost US jewelers $2.2 billion in the last two decades, says the JSA, after adjustments for inflation.The total figure for 2021 was just over $70m, down from $83m the previous year, said the New York-based Jewelers' Security Alliance Releases in its newly-released 2021 Annual Crime Report.But the total number of crimes was up from 1,438 to 1,687, an increase of 17 per...Read More

(IDEX Online) - An Indian jeweler has landed a Guinness World Record with a ring made with 24,679 natural diamonds.The Touch of Ami took 90 days to make at SWA Diamonds, in Malappuram Inkel Educity, Kerala.It takes the title Most Diamonds Set in One Ring from the previous record holder Renani Jewels, based in Meerut, India. Their Ring of Prosperity is set with 12,638 individual diamonds."It is our...Read More

(IDEX Online) - Nehal Modi, younger brother of fugitive diamantaire Nirav Modi, has been convicted by a US court of fraudulently obtaining diamonds worth over $2.6m.Modi, 41, a diamond trader, made false representations between March and August 2015,  regarding a purported deal with Costco Wholesale Corporation to obtain the gems LLD, also known as Lev Leviev Diamonds.He then liquidated the d...Read More

The U.K. is facing a crisis. No, not our mounting supply issues, soaring cost inflation or the sudden change in political leadership; rather, the plummeting numbers of drinking establishments and graduate mining engineers. A survey in 1577 found that there were over 16,000 alehouses, taverns (generally larger than alehouses and also served wine) and inns in England and Wales. With a combined p...Read More

Japan's Panasonic is deepening its ties with electric vehicles (EVs) maker Tesla by planning a battery plant in Kansas, which will cost US$4 billion.The facility is expected to supply the EV giant with a new high-capacity battery and boost Panasonic Energy's production capacity by fiscal 2028 from the current level of roughly 50 gigawatt-hours per year to 150 to 200 GWh.The Japanese company, the w...Read More

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing US$188 million to increase the production capacity for low-carbon, high-value aluminum billets at its Alma smelter in Lac-Saint-Jean, Que., by 202,000 tonnes.The existing casting centre at Rio Tinto's Alma plant will be expanded to accommodate new state-of-the-art equipment, including a casting pit and furnaces, allowing a larger portion of th...Read More

Barrick Gold (NYSE: GOLD; TSX: ABX) has reported its preliminary second quarter operating results, showing total gold production of 1 million oz. and copper production of 120 million lb. During the quarter, it managed to sell all of the gold produced and 113 million lb. of copper.The gold output represents a 5.4% increase over the first quarter of 2022, which Barrick has said would be its lowest p...Read More

Anglo American (LSE: AAL) and Japan's Nippon Steel have joined forces to develop solutions for lower-carbon steelmaking, a process responsible for up to 9% of global greenhouse emissions.The companies will research ways to optimize premium lump ore produced by Anglo American's mines in Brazil and South Africa to decrease emissions in the traditional blast furnace (BF) steelmaking process.The partn...Read More

The mining sector expected change with the election of left-leaning president Gabriel Boric earlier this year on a ticket of advancing social equality and the drafting of a new Constitution.Read More

FireFox Gold Corp. (TSX.V:FFOX)(OTCQB:FFOXF)(Read full newsRead More

Tartisan Nickel (CSE: TN; US-OTC: TTSRF) has announced results of a positive preliminary economic assessment for its flagship Kenbridge nickel project, adjusting the mine plan to focus solely on mining resources from underground. Located in the Kenora mining district of northwestern Ontario, the Kenbridge project currently has an existing shaft to a depth of 622 metres.The PEA indicates a nine-yea...Read More

Share this articleVANCOUVER - Osisko Metals Inc. [OM-TSXV, BWMXF-OTC] on Wednesday released the results of an updated preliminary economic assessment (PEA) for its Pine Point project in the Northwest Territories, which is expected to be a producer of ultra-clean zinc concentrate.The objective of the 2022 PEA update was to integrate updated long-term prices for zinc and lead, increased mined resour...Read More

Mining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDEclipse Metals to Explore Rare Earth Potential of Historic Greenland MineSPONSOREDeclipse metals ltdPensana Plc to provide UK-produced rare earth resourcesSPONSOREDpensanaHomegrown and future-focused: a battery and critical metals discovery in the USASPONSOREDstill waters critical mineralsThe PEO aimed to integrate updated long...Read More

Economists had expectations of a 8.8% increase, based on higher fuel, food and other costs. Inflation grew at an annualised 8.6% in May.Read More

The project is expected to start operations by the second half of 2023 and intends to develop silo-blending facilities of up to eight different ores with a 15 million onnes a year capacity in theRead More

The court ruling backed a previous decision by Ministry of Environment, Water and Ecological Transition (MAATE) to grant water rights and other environmental permits to the scheme.Read More

(IDEX Online) - A British jewelry store will close this weekend after an astonishing 277 years in business, at the same address.Thurlow Champness, in Bury St Edmunds, Suffolk, (pictutred) was established by watchmaker George Lumley back in 1745. He also sold clocks, watches, diamond jewelry and gold pieces.Current owner Trevor Salt is retiring 40 years in the business and says there is nobody to h...Read More

(IDEX Online) - The Star-Orion South diamond mine, in Canada, will be put on care and maintenance at the end of this year, following disagreements between joint venture partners Rio Tinto Exploration Canada Inc. and Star Diamond Corp.Rio Tinto said in a statement that it was reviewing its options and warned it could pull out of the project completely. Star Diamond said it was disappointed.Both sid...Read More

"This was 4,000 ounces shy of our 30,300 ounces estimate," said analysts at Toronto-based Desjardins.Read More

Talon Metals (TSX: TLO; US-OTC: TLOFF) has reported high-grade nickel and copper assay results from its Tamarack nickel project in Minnesota. The drill results come from CGO East, an area of 500 metres by 900 metres outside of the nickel project's defined resource area.Highlights from eight infill holes included 6.56 metres grading 2.95% nickel and 1.01% copper starting at a depth of 133.60 metr...Read More