Good morning on this fine Thursday.I bring news from my other adopted country, the United Kingdom.You may know I lived in London for nearly ten years and consider myself a cultural Anglophile. (But not a political one; the British polity lost the plot ages ago.)The UK is the home of European Woke, especially London. If you think Prince Harry (that ginger idiot) is a one-off, you'd be wrong. He was...Read More
Geopolitics play a major role in the outlook for global economies. But more importantly, today, we must look at the world through the prism of geoeconomics.What is "geoeconomics"? Obviously, it's a portmanteau from the words geopolitics and economics. There's nothing new about considering those disciplines in the same context.Wars are geopolitical and are often won through industrial capacity, whi...Read More
"Geopolitics is now geoeconomics impacting markets... and the rest is commentary."Here you have the measured and discernful conclusion of Rabobank's Mr. Michael Every. More from whom:Japan's Kyocera already says China is no longer viable as the world's factory due to U.S. technology restrictions, and that production there only makes sense to sell in China rather than to export from it. Bloomberg r...Read More
It's amazing - we haven't heard about any balloon shootdowns over the past several days.White and silver, plastic and metallic, large and small, the sky has suddenly been filled with balloons. And they've been getting shot down almost daily by fighter aircraft (not always on the first try).Of course, I'm not referring to just any balloons. Some of these "objects" are probably sophisticated espiona...Read More
After Commander-in-Chief (ahem) "Joe Biden" demonstrated our ability to shoot down a Chinese spy balloon leisurely wandering the jet stream clear across North America, he loosed the Air Force on every other menacing aerial object hovering in our sovereign skies and... Ira Tonitrus... mission accomplished!"American officials do not know what the objects were, much less their purpose or who sent the...Read More
"Thank goodness for the lockdowns; this will end the pandemic."The lockdowns hit us hard from mid-March 2020 and onward, imposed as if they were a conventional response to a circulating new pathogen, though they literally had no precedent in history.All of this was based on the astonishing announcement by the Trump administration: "Governors should close schools in communities that are near areas...Read More
Jesus in the wilderness faced three temptations from the Devil himself: material comfort, fame, and power. Needless to say, he declined every temptation and passed all three trials.So too did the couple seeking to enter the order of virtue in Mozart's The Magic Flute. They blasted right through the tests of silence, isolation, and fear. In the opera, much celebration ensues.Fairy tales too are oft...Read More
Catherine Boggs, chairperson of Hecla Mining (NYSE: HL), the largest silver producer in the United States, sees opportunities for juniors to tap private wealth, a new lifeline in solar panels and geopolitical soundness in North American operations. Boggs, speaking online Wednesday at The Northern Miner's first Global Mining Symposium for 2023, mentioned how family funds under private management...Read More
Los Andes Copper (TSXV: LA; US-OTC: LSANF) has completed a positive prefeasibility study for its 100% owned Vizcachitas project in Chile, highlighted by a US$2.8-billion post-tax net present value using an 8% discount rate and an internal rate of return of 24%.The economics were calculated using metals prices of US$3.68 per lb. for copper, US$12.9 per lb. for molybdenum and US$21.79 per oz. for si...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is going ahead with a US$40-million expansion of its iconic Diavik diamond mine in the Northwest Territories, which will extend the operation's life to at least early 2026.The approved first phase of the project will expand diamond extraction underground, below the existing A21 open pit. Mining of that area, opened in 2018, recently concluded.A second pha...Read More
After a dozen years in the doldrums, uranium prices are on the rise, supported by real growing demand and support for nuclear power, as well as geopolitical concerns. While in the recent past, support for nuclear power was based on environmental considerations as well as its ability to provide reliable and cheap baseload energy, Russia's invasion of Ukraine shifted the geopolitical landscape from...Read More
Anglo American (LSE: AAL) said Thursday it would take a US$1.7-billion charge due to higher costs and delays at its Woodsmith fertilizer project, which is being built beneath the North Yorks Moors national park in England.The company, which acquired Woodsmith two years ago with the acquisition of British junior Sirius Minerals, said it now expects first product from the mine in 2027.By then, Angl...Read More
First Quantum Minerals (TSX: FM) said on Thursday it had halted ore processing operations at its giant Cobre Panama copper mine, in the latest escalation of a dispute with the country's government over tax and royalty payments.Negotiations between the Toronto-based miner and Panama's government over a new contract for the mine turned ugly in December, when the President announced a plan to halt th...Read More
Buster Hunsaker, consulting geologist with Majuba Hill Copper, discusses recent drilling results from the company's namesake copper porphyry project in Nevada, where it is working on a National Instrument 43-101 compliant resource. Hunsaker spoke with Northern Miner staff reporter Henry Lazenby at the Vancouver Resource Investment Conference in January 2023. Read More
Shares in Osisko Metals (TSXV: OM; US-OTC: OMZNF) surged Wednesday on its plan to set up a joint venture and potentially surrender a majority stake in its flagship Pine Point base metals project as it advances towards construction.The company announced on Wednesday it has entered an investment agreement with Appian Natural Resources Fund, under which Appian, as the JV partner, would invest up to...Read More
U.S. rare earths producer MP Materials (NYSE: MP) has inked a deal with Sumitomo Corp. to supply the Japanese giant with some key elements, such as neodymium and praseodymium, helping the trading house bypass China in EV rare-earth supply chains.MP Materials, owner of the Mountain Pass mine in California, will sell material from its separation plant to Sumitomo for distribution in Japan. Until...Read More
Cathy Fitzgerald has always been aware that women are a minority in the mining world, especially in management. "Moving up in my career, and now being a vice-president and maybe one day a CEO, standing in a room with 200 men and five women, you're acutely aware of the imbalance in gender at the top of the mining industry," said Fitzgerald, who is VP, exploration and resource development with Apol...Read More
Craig Taylor, CEO of Defense Metals discusses the Wicheeda rare earths project in northeast British Columbia, where the company plans to complete a prefeasibility study over the next year. Taylor spoke with Northern Miner staff reporter Henry Lazenby at VRIC in Vancouver in January 2023.Read More
Mining giant Rio Tinto (LSE: RIO; ASX: RIO) has more than halved its 2022 dividend after posting a 41% drop in annual profit, which was the result of lower commodity prices and higher costs.The world's second largest miner posted on Wednesday a net profit of US$12.4 billion in 2022, down from US$21.1 billion the previous year.It also announced a full-year dividend of US$4.92 per share, less than h...Read More
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