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

Wanted: new mining jurisdictions to help achieve net-zeroSPONSOREDsaudi ministry of industry and mineral resourcesSaturn works dual-focus opportunitySPONSOREDsaturn metalsNova retains laser focus on qualitySPONSOREDnova royaltyVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesThe mill expansion will take processing capacity from the current rate of 13 million tonnes p...Read More

Wanted: new mining jurisdictions to help achieve net-zeroSPONSOREDsaudi ministry of industry and mineral resourcesSaturn works dual-focus opportunitySPONSOREDsaturn metalsNova retains laser focus on qualitySPONSOREDnova royaltyVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesThe preferential purchase tax policy for new energy vehicles is being extended to the end of...Read More

Wanted: new mining jurisdictions to help achieve net-zeroSPONSOREDsaudi ministry of industry and mineral resourcesSaturn works dual-focus opportunitySPONSOREDsaturn metalsNova retains laser focus on qualitySPONSOREDnova royaltyVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesThe hedge fund Elliott Associates, and the trader and market maker Jane Street Global, are su...Read More

A panel discussion focused on the 30D and 45X tax credits available under the Internal Revenue Code.Read More

(IDEX Online) - De Beers today reported a 31.5 per cent year-on-year drop in rough sales during June (cycle 5), amid increasing sightholder caution. Provisional sales were $450m, down only a little on $479m the previous month.But on a year-on-year basis, they suggest a marked slowdown. Sales were 4.5 per cent lower than 2022 at cycle 3 and 20 per cent lower at cycle 4. Today's cycle 5 fi...Read More

Hydraulic fracturing has transformed the shape of world energy markets, turning the US into the world's top oil producer. But what is less well known, outside the energy industry, is that it did this largely without making any money.For most of the last 30 years, fracking companies have earned below their cost of capital. Every time the industry has looked to be getting close to profitable, its ow...Read More

Drilling was temporarily suspended in March 2022 due to the Andean cat's presence in the project area.Read More

The US$498 million investment is targeting an initial reserve of 3Mt grading 2.4% copper, 1.Read More

"WE MUST ACT NOW!"This we are told by Kyiv Post correspondent Jason Jay Smart, American by birth.Who are "we"? Why must we act now? How must we act? Against whom must we act?And how might this fellow's counsel wreck us all?These are the central questions we tackle today.This Smart fellow is heart and soul for Ukraine. He harbors powerful beliefs in its "democratic" ways.For the same reason he is...Read More

"If these two big companies complete their smelters, that means we will no longer export raw copper because it will be processed domestically to become copper cathodes," Indonesia's president JokoRead More

De Beers provisionally reported diamond sales of US$450 million in the fifth sales cycle of the year, between June 5 and 20.Read More

(IDEX Online) - India's prime minister Narendra Modi presented US First Lady Jill Biden with a 7.5-carat lab grown diamond on a visit to the White House.The gem is "a beacon of responsible luxury that symbolises India's 75 years of freedom and sustainable international relations," said the Prime Minister's Office.It expanded on the diamond's eco-friendly credentials, saying it...Read More

Mitsubishi will subscribe for 4.6 million units priced at $4.Read More

The gold market is a bit of a mixed bag at the moment, but there are several positive factors that suggest gold prices could see some upside in the near future.On one side, we've seen a surge in technology stocks and a general risk-on sentiment in the stock markets. This has somewhat diverted attention away from gold, causing it to trade sideways for a while. However, it's important to n...Read More

Zaldivar is owned jointly with Barrick Gold and Antofagasta, but is operated by Antofagasta.Read More

(IDEX Online) - A "once in a lifetime" collection of Harry Winston jewelry, with over 255 carats of diamonds and a $12m valuation, is being sold at auction. The Diamond Wreath Suite includes a custom-designed necklace, earrings, bracelet, and watch, all handmade in .950 platinum and bearing the HW and Harry Winston hallmarks.The pieces are being auctioned as a single lot by Kruse GWS Auctions...Read More

Masson said the battery sector will grow to challenge stainless steel as the dominant nickel end-use market, growing from a 12% market share in 2022 to 41% by 2033 even though it requires "the leastRead More

ioneer aims to be able to start construction of its Rhyolite Ridge lithium-boron project in Nevada, US early next year as it nears the end of the NEPA permitting process, chair James Calaway toldRead More

(IDEX Online) - India has simplified the paperwork required for e-commerce jewelry exports after a slump in foreign sales.The Central Board of Indirect Taxes and Customs (CBIC) responded to repeated pleas by the Gem & Jewellery Export Promotion Council (GJEPC).India suffered a 36 per cent drop in jewelry exports during April (in US dollars) and a 16 per cent fall in May.New guidelines issued b...Read More

The PEA base case is distinctly different from that presented in the prior 2017 PEA, which featured a conventional mill and flotation concentrator producing copper concentrate for export.Read More