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) - China's diamond trade declined by over 46 per cent in the first half of this year, as Shanghai was hit by a two-month long Covid lockdown.Total transactions for all rough and polished diamonds were $2.056bn from January to June.That's down from $3.82bn in the same period during 2021, according to the Shanghai Diamond Exchange (SDE), when China reported record high imports...Read More
COVID changed nearly every business across the marketplace for better and worse,...Read full newsRead More
Mining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDHomegrown and future-focused: a battery and critical metals discovery in the USASPONSOREDstill waters critical mineralsEclipse Metals to Explore Rare Earth Potential of Historic Greenland MineSPONSOREDeclipse metals ltdThe iconic Humber Bridge significant to Humberside regionSPONSOREDpensanaLegal proceeding had halted in 2020 a...Read More
Predominately Toronto and New York-listed mining and royalty firms are scheduled to report second quarter earnings mainly from the week of July 25 and investors' focus is expected to be capital andRead More
Mining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDEclipse Metals to Explore Rare Earth Potential of Historic Greenland MineSPONSOREDeclipse metals ltdThe iconic Humber Bridge significant to Humberside regionSPONSOREDpensanaHomegrown and future-focused: a battery and critical metals discovery in the USASPONSOREDstill waters critical mineralsChile and Peru carried the least risk...Read More
Canada's mining and energy ministers have stressed the need to accelerate the nation's shift to clean energy systems and advance its critical minerals strategy as Russia's invasion of Ukraine continues to alter the global energy landscape. At an annual conference at St. John's in Newfoundland and Labrador, federal, provincial and territorial ministers discussed plans to increase Canada's ener...Read More
Chilean experts from the mining ministry and the geology service Sernageomin met members of the Dominican Republic's senate this week to outline terms of a cooperation agreement aimed at helping the Caribbean nation identify possible lithium deposits."We have already conducted campaigns about...lithium in provinces including Barahona and Bahoruco, in zones where there are salt flats, and we hope t...Read More
BofA Global Research is lowering its price forecasts on key industrial metals for this year and next as headwinds including high energy prices, rising rates and slowing growth increase the risk of a global recession.The bank has cut its copper price estimate for 2022 by 12.5% to US$3.97 per lb. (US$8,750 per tonne) and by 24% to US$3.29 per lb. (US$7,250 per tonne) for 2023."Copper is most exposed...Read More
BHP (ASX: BHP) said on Friday it had lost an appeal in a London court seeking to block an over ?5 billion (US$6 billion-plus) lawsuit by 200,000 Brazilians over a deadly dam failure in Brazil seven years ago.The group claim, one of the largest in British legal history, alleged that BHP, the world's largest miner by market value, ignored safety warnings as the dam's capacity was repeatedly increas...Read More
Aya Gold & Silver (TSX: AYA; US-OTC: AYASF) has reached the first milestone in its proposed expansion of the Zgounder silver mine operations in Morocco: the completion of front-end engineering design (FEED), including flowsheet modifications, of a new 2,000 tonne-per-day flotation-CIP processing plant.The FEED phase saw the company check off many important items previously recommended by the Zgou...Read More
Here's a fun fact about me...I'm a real history buff. I love history. Always have. Always will. I've read thousand-page books on the Ottoman Empire. I've spent way more time than I should have researching World War I. And just last week, my father-in-law walked in on me watching a PBS special about the ancient civilizations of Mesopotamia. There are more embarrassing things for a person to admi...Read More
Share this articleVANCOUVER - Solaris Resources Inc. [SLS-TSXV, SLSSF-OTCQB] shares rallied Thursday after the company released an exploration update that included reports of new regional targets in the vicinity of its Warintza copper project in southeastern Ecuador.The company said it has identified three new copper-molybdenum porphyry targets, five new skarn/carbonate replacement targets and a h...Read More
Ecuador is slowly recovering from more than two weeks of popular and deadly protests over rising prices. Read More
This collar was purchased in mid-June when the price of copper was approximately US$4.20 per pound, the firm said.Read More
Legislation signed by Brazilian President Jair Bolsonaro and published in the Diario Oficial da Uniao on July 6 removes the need for lithium exporters to obtain a permit from the National CommissionRead More
Investments in the month of May totalled $443 million, 14% higher than the $389 million in the same month a year earlier.Read More
Orexplore leads the pack in core analysisSPONSOREDorexploreAlmonty plans top tungsten production outside ChinaSPONSOREDalmonty industriesStars align for Tinka at AyawilcaSPONSOREDtinka resourcesAsian Battery Metals AllianceSPONSOREDaranjin resourcesEvery day, on business news channels like CNBC and Bloomberg, reporters are asking company chief executives for insights about the direction of the eco...Read More
(IDEX Online) - Fancy yellow diamonds have been discovered at the Ellendale mine, in Australia.Production ceased in 2015 when previous owner Kimberley Diamond Company went into liquidation, but India Bore Diamond Holdings (IBDH) and Burgundy Diamond Mines, both based in Australia, now have tenements there.IDBH said gravel from two separate layers of diamondiferous deposits had yielded a range of g...Read More
(IDEX Online) - Petra Diamonds saw its fortunes reversed at its June tender as rough prices rose by 7.7 per cent.In May the UK-based miner reported like-for-like rough diamond prices down by 23.7 per cent. It blamed "ongoing uncertainty around the impact of the conflict in Ukraine".The company sold 569,496 carats at its June tender, raising a total of $93m. At the May tender it sold more - 635,806...Read More
Orexplore leads the pack in core analysisSPONSOREDorexploreAlmonty plans top tungsten production outside ChinaSPONSOREDalmonty industriesStars align for Tinka at AyawilcaSPONSOREDtinka resourcesAsian Battery Metals AllianceSPONSOREDaranjin resourcesRamp-up activities are currently focused on steadily increasing the plant throughput rate with commercial production expected to start by the fourth qu...Read More