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
"We prefer to buy any available and affordable resource, but it needs to be competitive," BYD's global vice-president, Stella Li, told Bloomberg in an interview in Sao Paulo late last week.Read More
'Underdog' Warriedar rapidly progressing gold and base metals projectsSPONSOREDwarriedar resources Encounter with copper and critical minerals focus in emerging provinceSPONSOREDencounter resourcesReach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesSemarnat demands that Grupo México develops a remediation plan to compensate for the damage.Read More
'Underdog' Warriedar rapidly progressing gold and base metals projectsSPONSOREDwarriedar resources Encounter with copper and critical minerals focus in emerging provinceSPONSOREDencounter resourcesReach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesMost of that buying has come over the past four weeks, after Liontown allowed Albemarle to undertake du...Read More
(IDEX Online) - Another LVMH luxury brand is embracing lab growns, with the launch by Fred of a range high jewelry pieces featuring bright blue gems, surrounded by white, natural diamonds.In April TAG Heuer said it was producing a Carrera Plasma watch, incorporating almost 12 carats of lab growns, with a $376,000 price tag.Paris-based Fred says it took years of research to develop its Audacious Bl...Read More
The measured and indicated resource is now 445.7Mt grading 0.58% copper containing 5.17Blb, an increase of 221% compared with the 2022 resource. The leachable resource is now 357.6Mt grading 0.Read More
Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEncounter with copper and critical minerals focus in emerging provinceSPONSOREDencounter resources'Underdog' Warriedar rapidly progressing gold and base metals projectsSPONSOREDwarriedar resources Arabian Nubian Sheild is the name is given to a geological feature which covers almost 3M sq.km and ext...Read More
(IDEX Online) - Namibia's state-owned diamond marketing company has reported a 63 per cent hike in revenue to a record $210m.Namdia sells 15 per cent of the run-of-mine production from Namib Desert Diamonds (Namdeb), a 50/50 joint venture between De Beers and the Namibian government. Revenue for 2021/22 was ?130m.The split is due to be renegotiated when the current 10-year deal expires...Read More
(IDEX Online) - WD Lab Grown Diamonds, the second largest lab grown producer in the USA, has filed for bankruptcy.The Washington DC-based company is the first major casualty of the plunge in lab grown prices.It filed for Chapter 7 protection last Wednesday (11 October) in a Delaware bankruptcy court, with disclosed liabilities of $44m with assets of $3m.WD pioneered chemical vapor deposition (CVD)...Read More
(IDEX Online) - LVMH reported a slowdown in growth generally for Q3, and for watches and jewelry in particular.Revenue for the sector was ?,,2.52bn ($2.65bn), up three per cent on the same period in 2022. That compares to growth in Q1 of 11 per cent and in Q2 of 14 per cent. Overall growth for the first nine months of the year was nine per cent.The French luxury conglomerate reported nine per cent...Read More
(IDEX Online) - Police searched three properties in Antwerp and seized diamonds valued at $1.5m as part of a probe into Grib Diamonds.The public prosecutor's office is investigating allegations that the Russian-owned company laundered money and violated European rules, according to the Dutch-language newspaper Gazet van Antwerpen.Grib, which sells wholesale diamonds from the Grib diamond mine...Read More
It's been a week since the skies over the Negev Desert filled with something eerily like the flying monkeys of Oz upgraded to Hamas Road Warriors in motorized paragliders, kicking off that third world war we've been hearing about all our lives, and not at all the way we expected either, which was more Dr. Strangelove style, with the mushroom clouds billowing everywhere though, who knows, it migh...Read More
According to a study by Wood Mackenzie, the copper mining sector distributes an average of $73 billion per year in socioeconomic value globally, where Latin America contributes over 50% of that value.Read More
'Underdog' Warriedar rapidly progressing gold and base metals projectsSPONSOREDwarriedar resources Encounter with copper and critical minerals focus in emerging provinceSPONSOREDencounter resourcesReach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesMore than 91% of the proxy votes received voted in favour of the transaction.Read More
Among the few women in mining in her early years in the industry, Catherine McLeod-Seltzer often found herself in rooms full of grey-haired men. Yet, she has shattered glass ceilings in the industry, leaving an indelible mark on the global mining landscape.As the independent chair of Kinross Gold (TSX: K, NYSE: KGC), one of the world's long-lived gold majors, her story recounts perseverance, visio...Read More
'Underdog' Warriedar rapidly progressing gold and base metals projectsSPONSOREDwarriedar resources Encounter with copper and critical minerals focus in emerging provinceSPONSOREDencounter resourcesReach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesUS-based lithium producers, Livent and Albemarle, are proposing to merge with a pair of Australian mine...Read More
Let's discuss what's going on with Israel. Things are developing rapidly so this is the best I can do with what's out there in the public sphere.I'll tackle a couple of key points that are relevant not just to the Israeli situation, but to all of us here in the West, certainly in the U.S.First: The Hamas attack on Israel is being described as a massive intelligence failure; so what happened?Second...Read More
Higher gold production than the previous quarter was driven by higher oxide production from the Crossroads open pit and Cortez Hills underground in Nevada, US.Read More
The Australian miner Lynas, which operates a processing facility in Malaysia, is the only company to have squared this circle so far.Read More
Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedOrion will buy 6.7 million shares for C$2.55 per share.Read More
The company reported a 68% increase in measured and indicated resources at Promontorio compared with the 2013 resource to 42.1Mt grading 104gpt of silver equivalent containing 140.8Moz.Read More