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) - Alrosa is merging the management teams for its remote Mirny mine with that of its Nyurba mining and processing division.Both teams are already based at Mirny (pictured), in the subarctic Russian republic of Sakha. The joint operation will improve efficiency, says the state-owned Russian miner, but will "free up part of the management staff". Mirny yields some of the world'...Read More
(IDEX Online) - Firestone Diamonds has finally managed to offload its Botswana operation after six years and two failed bids.The UK-based miner accepted a a one-off upfront payment of just $50,000 from Botswana-based Visionary Victor Resources Proprietary Limited. The new owners will acquire the BK11 kimberlite diamond mine in the Orapa/Letlhakane kimberlite district, as well as Firesto...Read More
The platform uses sources including satellite data to monitor up to 90% of global copper smelting capacity and is now also monitoring 96% of global nickel smelting capacity.June was traditionally a seasonally strong month for nickel, yet its global activity dispersion index was 49.8, the lowest reading for the month over the past five years, according to SAVANT.However it said the China Nickel Pig...Read More
French-based uranium miner and nuclear fuels services provider Orano says it has bagged several new uranium mining and front-end services contracts worth more than US$450 million (?,?380 million).The company reports increased demand for its mining activities and activities in the front end of the nuclear fuel cycle from its electricity utility customers, particularly in the United States, Europe a...Read More
Seabridge Gold (TSX: SEA) and junior explorer Eskay Mining (TSXV: ESK) have agreed to share the $12 million construction bill of the first stage of an access road to the KSM gold-silver-copper project in British Columbia.The nine-km road, called the Coulter Creek Access Road (CCAR), is one of two main access roads to KSM. Building the first segment now will shorten the time Seabridge needs to esta...Read More
Miner and commodity trader Glencore (LSE: GLEN) has chosen non-executive director Kalidas Madhavpeddi to replace Tony Hayward as the company's new chairman, completing a leadership overhaul at the company.Madhavpeddi, a U.S. citizen, joined the board of the Swiss firm in February 2020. He had previously led China Molybdenum International (CMOC) for almost a decade, until 2018.During his time at...Read More
Swiss-based multinational miner Glencore (LSE: GLEN) has disclosed US$5.7 billion in taxes, royalties and other government payments in 2020.The diversified mining house says the Covid-19 pandemic caused major production outages across the portfolio last year amid softer commodity prices: the result, lower payments to host nations compared with the 2019 total of US$7.7 billion.The group's effective...Read More
Dear Outsider,I hope you had a relaxing Independence Day with lots of fireworks. We didn't have any in Baltimore City, and I think I know why. More on that in a bit...First, we need to celebrate our freedom from an oppressive oligarchy that restricts our travel and tells us what to wear... freedom from taxation without representation, where our tax dollars go into the pockets of the rich... freedo...Read More
Proudfoot Global CEO Pamela Hackett talks wrestling chaos with industry leadersSPONSOREDproudfootYandal building on discovery successSPONSOREDyandal resourcesEmerging producer Horizon Minerals eyes mid-tierSPONSOREDhorizon mineralsRumble growing with Earaheedy discoverySPONSOREDrumble resourcesIf correct, a perpetual deficit in the supply of any metal should lead to either a spectacular increase i...Read More
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As the world moves to meet stringent targets for cutting carbon emissions - partly by phasing out internal-combustion-engine cars - demand for lithium, cobalt and nickel vital for electric vehicle batteries will soar, raising the prospect of shortages.Read full newsRead More
(IDEX Online) - Diamond tycoon Lev Leviev is embroiled in a bitter legal row with his son.Shalom Leviev, 42, accuses his father (pictured) - worth an estimated $1bn - of hastening his financial downfall, and his bankruptcy, over a debt of $240,000.He describes his Leviev, 64, born in Uzbekistan and founder of LLD (Lev Leviev Diamonds), as his "enemy", and says he intends to sue him in court,...Read More
(IDEX Online) - Diamond manufacturers are increasing wages by as much as 10 per cent to entice migrant workers to return to Surat.Many thousands who returned to their villages because of the Covid pandemic are now busy sowing rice, maize, sorghum and other "kharif" crops.Production of polished diamonds in India is reportedly dropped by 20 per cent during the second wave of coronavirus, and has yet...Read More
Big Thunder Gold Mine is perfect for people of all ages, races and abilities. It's the must-see gold mining experience in the Black Hills. They're located in Keystone, South Dakota at 6...Read full newsRead More
Constructive Applied Capital releases information on how its new New Mining License will change things in the Gold Mining Investments space for the better. Further information can be found at https://www.constructiveappliedcapital.com/. Milpitas, United States - June 23, 2021 /PressCable/ - Earlier today, Constructive Applied Capital announced the launch of Gold Mining Exploration, its New Explora...Read More
Big Thunder Gold Mine is perfect for people of all ages, races and abilities. It's the must-see gold mining experience in the Black Hills. They're located in Keystone, South Dakota at 6...Read full newsRead More
Greater focus on ESG expected under new CEO NagleRead full newsRead More
Power Metal Resources (LON: POW) and Kavango Resources (LON: KAV) revealed on Friday that they have identified seven drill-ready targets for their Ditau pr...Read full newsRead More
'Make or break' deadline pushed out, againRead full newsRead More
Tesoro's stock rose from below 2c in February 2020, after it was backdoor listed via a tech shell, and peaked at above 30c in September, and is still trading around 15c after dozens of positiveRead More