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
Tharisa increased its open pit tonnage by 30% to 94.2 million tonnes. The contained volume of PGMs increased by 18%, to 4 million ounces, while chrome increased by 17%, to 21.3 million tonnes.Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsFor all practical purposes, ESG reporting has become mandatory.Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsBut even though vaccination rollouts are continuing apace, and the global economy is rebounding, miners are st...Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsArmed groups have proliferated across the Sahel, a broad region stretching south of the Sahara desert, in rece...Read More
In July, Dundee Precious Metals (TSX: DPM), which held a 23.5% stake in Ecuador-focused INV Metals, acquired the remaining shares in the junior exploration company that it did not already own in an all share deal.Dundee acquired the shares for about 80 ? - a 63% premium to INV Metals' closing price on the Toronto Stock Exchange on May 28. Iamgold (TSX: IMG; NYSE: IAG), INV's largest shareholder at...Read More
Thor Explorations (TSXV: THX; LSE: THX) has released an inferred resource estimate for its Makosa deposit in the southern portion of the Douta gold project in Senegal.Makosa contains 15.3 million inferred tonnes grading 1.5 grams gold per tonne for 730,000 oz. of contained gold. The estimate was based on 35,728 metres of drilling. The Makosa resource encompasses the Makosa, Makosa North and Makos...Read More
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) has awarded a 500,000 tonnes per annum direct-to-blister copper smelting plant contract for the Kamoa-Kakula Complex to China Nerin Engineering.The smelter will be the most extensive of its kind in Africa and one of the largest single-line flash smelters in the world.The US$700 million project is expected to speed along Ivanhoe's ambition to produce environm...Read More
The dawn of a new commodity boom is on the horizon. Base metal prices are rallying and miners are on a global quest for metals to fuel the shift into the green energy and electric vehicle era. Meanwhile, industry discourse surrounds the recognition that for full electrification the world is going to need to mine a lot more - and a lot smarter.A new Edumine course: 'What is Mining' answers the ques...Read More
"A people enslaves itself, cuts its own throat, when, having a choice between being vassals and being free men, it deserts its liberties and takes on the yoke, gives consent to its own misery, or, rather, apparently welcomes it."We believe the 16th-century French political theorist ??tienne de La Bo?(C)tie hooked onto a truth here.We plucked this passage from his masterly work The Politics of Obed...Read More
The diamond sector may be a volatile industry, as its dramatic ups and downs during the pandemic have demonstrated. But readers have remained interested in diamond news this year - especially when it involves large gem diamonds. We've compiled a list of the Top 10 diamond stories from The Northern Miner's sister website MINING.COM for 2021. Note: The top four items are among the site's top 100 mos...Read More
Canada's annual inflation rate accelerated again in October, matching a February 2003 high, led by sharp rises in gasoline and housing prices, data showed on Wednesday, with analysts expecting more heat ahead.Read full newsRead More
Sarama Resources Ltd. (Read full newsRead More
TORONTO, Nov.17, 2021(GLOBE NEWSWIRE) -- Osisko Mining Inc. (OSK:TSX.Read full newsRead More
The global markets will need four times the nickel and double the copper in the next 30 years to facilitate a decarbonised world, a BHP Group executive said on Wednesday.Read full newsRead More
Spot gold rose to US$1,867 an ounce while silver was up slightly and back above $25/oz.Cash copper lost 1.6% on the London Metal Exchange to $9,421.40/t."Buy the dip," US investment bank Jefferies said yesterday.The bank is resolutely bullish on the red metal despite demand concerns."We forecast a balanced copper market in 2022 followed by growing deficits starting in 2023," analyst Christopher La...Read More
"There are some uncertainties on the demand side for copper," said Xu Yulong, deputy general manager of state-owned China Copper International Trading Group, on a panel discussion."People think consumption from Western countries may pick up and some of the export orders will return back to the local market. But we still have problems in real estate demand. This is really a big concern… if w...Read More
Share this article VANCOUVER - Teck Resources Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) said its logistics chain between west coast terminals and operations in British Columbia has been temporarily disrupted due to heavy rain, flooding and mudslides.The Vancouver-based mining giant said it has implemented measures to mitigate the effect of the disruption, diverting some trains to Ridley Terminals...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxThe Perth-based company said it now had an exploration target in excess of 3.5Moz.Sarama had updated the project's Tankoro resource in September 2020 to...Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure minerals"Our drilling has now confirmed that the Rangefront D-4 discovery is not an isolated occurrence and is part of...Read More
Wang said the company planned to increase throughout to 4,000 tonnes per day from the current 3,000-3,300tpd and add a flotation circuit in order to increase the suite of metals produced. The upgrade will see the mine produce 240,000 ounces a year of gold, 600 tonnes per year of copper and 5,000tpy of zinc.Zijin completed the acquisition of Canadian junior Continental Gold in March 2020 for C$1.4...Read More