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) - Four men have been arrested and charged over a $1.1m smash-and-grab - in which a Rolex watch fitted with a GPS tracker was stolen.The heist, described by police as very quick and very violent, took place in March at the family-owned Heller Jewelers at a mall in San Ramon, California, USA.Armed and masked gang members fled with 38 watches in four getaway cars.San Ramon Police Depart...Read More
Video Series: Mining Journal speaks with Robert WiltSPONSOREDsaudi ministry of industry and mineral resourcesMine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMassive resource increase as De Grey's Hemi heads for DFSSPONSOREDde grey miningUS Steel has received multiple unsolic...Read More
The major new plant, located in Chongzou city of Guangxi prefecture, will start processing copper concentrates within three months, which compares to market expectations for the first half of 2024,Read More
Analyzing today's economic conditions is a challenge.If the world is in good economic health, you can describe the policy reasons behind that condition and identify specific stocks and sectors that will outperform the market.You'd point to trends such as low inflation, positive real interest rates (a sign of strong growth resulting from a healthy competition for funds) and stable exchange rates (i...Read More
(IDEX Online) - IIJS Premiere 2023 says it generated over $8.4bn of business - way ahead of forecasts before the six-day event, and far in excess of last year's show."IIJS Premiere 2023 is estimated to have seen business worth ?,?70,000 crore being generated ($8.438bn) which is far beyond anyone's wildest dreams," said Vipul Shah, chairman of GJEPC (Gems and Jewellery Export Promotion Co...Read More
Hochschild initiated a re-evaluation of the Volcan project's viability and economic potential in the current gold price environment in early 2022.Read More
Video Series: Mining Journal speaks with Robert WiltSPONSOREDsaudi ministry of industry and mineral resourcesMine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMassive resource increase as De Grey's Hemi heads for DFSSPONSOREDde grey miningThe copper vs iron race for profit sup...Read More
Video Series: Mining Journal speaks with Robert WiltSPONSOREDsaudi ministry of industry and mineral resourcesMine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMassive resource increase as De Grey's Hemi heads for DFSSPONSOREDde grey miningMa'aden reported a second-quarter net...Read More
(IDEX Online) - Brilliant Earth, the US-based "ethical jeweler", reported a rise in Q2 sales, driven by its best ever Mother's Day performance.The total numbers of orders was up by over 21 per cent, although the average value of those orders dropped by 16 per cent compared with Q2 2022 as customers tightened their belts. The average order value was $2,571.Net sales for Q2 were $110.2m a...Read More
(IDEX Online) - Rio Tinto is to start work in the coming weeks on a huge solar farm that will provide up to a quarter of the power needed during the three-year closure works at its Diavik mine, in Canada.It will install 6,600 two-sided panels at the deposit on the edge of Arctic Circle - to capture direct sunlight and reflections from the snow.The solar farm will be the biggest in Canada, and will...Read More
(IDEX Online) - Nobody is to be charged over newspaper allegations that HRD Antwerp routinely bumped up diamond gradings.The public prosecutor's office in Belgium has concluded its investigation after claims by De Tijd in March that the lab upgraded GIA-certified diamonds by up to two color grades and one clarity grade. HRD Antwerp, founded in 1973 and wholly-owned by the AWDC (Antwerp W...Read More
So-called Normies might be musing, this month of approved mental languor August whether the mighty efforts to suppress news of all kinds, about everything, have concealed the true tendings of our wayward country.These are the tendings that are leading them to wonder whether it is even possible to be a Normie in such an abnormal time and place.What news is suppressed?That the USA is worse than...Read More
AI is all the rage this year, and there's no question it's going to be a huge element of future technology, both mainstream and military.But it's also not as new as you might think. This trend didn't just pop up overnight. This technology has been in development for decades.And most of that development has occurred right out in the open.Just for example...Do you remember IBM's "Watson," the superc...Read More
The solar plant will have over 6,600 solar panels that generate about 4,200MWh of green electricity annually, providing up to 25% of Diavik's electricity during closure work until 2029.Read More
Video Series: Mining Journal speaks with Robert WiltSPONSOREDsaudi ministry of industry and mineral resourcesMine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMassive resource increase as De Grey's Hemi heads for DFSSPONSOREDde grey miningSimfer, which is Owned by Rio Tinto an...Read More
Magino should produce 72,000-81,000oz this year at an AISC of $1,150-$1,250/oz. The company believes it can increase Magino's reserves from 2.4Moz to 4-4.Read More
Video Series: Mining Journal speaks with Robert WiltSPONSOREDsaudi ministry of industry and mineral resourcesMine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMassive resource increase as De Grey's Hemi heads for DFSSPONSOREDde grey miningProduction at Kensington fell to 13,19...Read More
Indonesia's Coordinating Minister of Maritime Affairs and Investment Luhut Panjataitan met Musk in San Francisco Read More
The company's net earnings for the three months were US$8.8 million, or $0.04 per share, which is an increase of 71% from the same quarter last year.Read More
OZ was created by a merger between Oxiana and Zinifex in 2008, and was absorbed into BHP earlier this year as part of a A$9.6 billion merger.Read More