The South Gobi is one of the fastest developing mining regions in the world, in part due to its proximity to China, the world's largest consumer of commodities. Limited exploration has already yielded multiple gold, copper and molybdenum deposits with an estimated mineral endowment of over 85Moz of gold and greater than 43Mt of copper.Kincora Copper was the first company to conduct modern, distric...Read More
Next Tech Talk report is to be released on Monday May 30th despite the U.S. holidayPre-opening Comments for Friday May 27thU.S. equity index futures were higher this morning. S&P 500 futures were up 12 points in pre-opening trade. Index futures moved slightly higher following release of April Personal income and April Personal Spending at 8:30 AM EDT. Consensus for April Personal Income was an...Read More
On April 19, 2022, Xanadu Mines Ltd announced a strategic partnership to progress its Kharmagtai copper-gold project in Omnogovi Province. Under the agreement, Zijin Mining Group Co. will invest in both Xanadu and the project directly.At the corporate level, Zijin will invest A$11.3 million into Xanadu in two tranches. An initial placement on April 27 saw Zijin receive 139 million shares at an iss...Read More
The penny finally appears to have dropped. Legislation proposed at the end of March in the US will see Joe Biden's government fast track supplies of critical minerals, while European nations are at last waking up to the impending shortage of metals integral to the energy transition.But those with only a cursory knowledge of mining appreciate these things take time. Bringing a mine online takes an...Read More
With hype around battery metals exploration at an all-time high, Toronto-listed junior Orford Mining could be set to fly as it progresses a nickel exploration project in Canada - with a little help from Andrew ‘Twiggy' Forrest.The project in question is West Raglan, an advanced stage nickel-copper-PGE exploration asset 90km down the road from Glencore's Raglan nickel mine, one of the lowest-...Read More
Lithium developer Sayona Mining (ASX: SYA) on Friday announced a $136-million institutional placement to fund the 2023 restart of its North American Lithium (NAL) operations."The planned restart at NAL remains on schedule for first spodumene concentrate production in Q1 2023, with critical long?EUR?lead items secured and senior staff recruited. NAL concentrator commissioning is projected for late...Read More
The next "boom" in the mining industry is going to be in recovery technology, as companies focus on making the most out of existing resources, says Ana Cabral-Gardner, co-CEO of Sigma Lithium (TSXV: SGML; NASDAQ: SGML), which is developing the large Grota do Cirilo lithium project in Brazil. While investing in technology that improves recoveries and allows existing resources to produce more may n...Read More
Nunavik-based Raglan mine, owned by Glencore (LSE: GLEN), has asked Quebec's Ministry of Labour, Employment and Social Solidarity to appoint an independent mediator to facilitate discussions with the mine's union after workers voted in favour of a strike mandate. Nearly 98% of the 630 workers from the United Steelworkers Union, Local 9449, voted in favour of a strike action, the union said in a...Read More
Analysts expect slowing Chinese GDP growth to weigh on most metals prices in the near term. However, they also note strong fundamentals providing optimism for metal prices to see some revival in the second half of 2022.While metals prices remain highly sensitive to developments in China, the world's largest metal producer and consumer, Fitch Solutions' Country Risk team has flagged increased downs...Read More
Over two weeks in late May into early June, three important mining districts are going to the polls, with mining and climate change set to influence outcomes to varying degrees.At press time, a federal election in mining-friendly Australia had already taken place. On May 21, Aussies chose a new government under Labour Party leader Anthony Albanese. The centre-left Albanese replaces Scott Morrison,...Read More
Toronto-headquartered exploration company, Arizona Metals Corp (TSX.V:AMC, OTCQX:AZMCF), has received permit approval from the US Bureau of Land Management (BLM) for a seventh drill pad, located west of its promising precious and base metals Kay deposit, located in Yavapai, about a one hour drive from Phoenix, Arizona.This new pad, situated approximately 200m west of the Kay deposit, will allow fo...Read More
Azure Minerals managing director Tony Rovira outlines the district potential and provides an update on the "mine in the making" at the flagship Andover nickel-copper-cobalt project in Western Australia, where a two-pronged approach to development is underway.Read More
The Chinese aluminum juggernaut has run out of momentum and smelters in Europe are powering down, writes Andy Home.Read full newsRead More
Copper is one of our most important metals with more than 20 million tonnes consumed each year across a variety of industries, including building construction (wiring & piping,) power generation/ transmission, and electronic product manufacturing. The red metal is also a key component in transportation; electric vehicles use about four times as much copper as regular internal combustion engine...Read More
Signs are pointing to gold’s May rallyrunning out of steam as the USDX reaches its short-term bottom. But how muchstamina is left in the yellow metal?Another day, another higher close in thejunior miners. And another day where profits on our long positions in thelatter increased. There is a sign that the rally in the precious metals sectoris close to being over.That sign is the situation in...Read More
The overwhelming majority of the market and even precious metals investors still don't understand what the world is facing... by Steve St Angelo of SRSrocco ReportThe Global Market isn't prepared for the coming economic collapse as we head over the Energy Cliff. Even with a falling stock market, many institutions and investors are still buying the dip. This is insane because investors should...Read More
This video looks at the details of Barrick's Q1/22 results, including production, realized gold prices, all-in-sustaining costs (AISC), ...Read More
Read our weekly roundup to learn more https://www.canadianminingreport.com/news/custom/Volatility+Continues.Read More
Read our weekly roundup to learn more ...Read More
This video looks at the performance since 2021 of the copper price and the largest listed copper stocks listed on the TSXV.Read More