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

Vale said on Friday its subsidiary Vale Canada (VCL) and Sumitomo Metal Mining had signed definitive agreements to sell 14.9% and 5.1% respectively in PT Vale Indonesia to Inalum.Read More

About 21,000 tonnes of diesel leaked into rivers and subsoil near the city of Norilsk on May 29 after a fuel tank at one of the company's thermal power plants apparently subsided. The spill was one of the worst to occur in the Russian Arctic.Russia's minister of emergency control, Evgeny Zinichev, said a total of 32,000 cubic metres of water-fuel mixture had been collected and placed in tanks, whi...Read More

Steve Coughlan, Bernie Ridgeway and Kent Swick have built global mining service and technology businesses on the back of decades-long connections with the WA gold sector.Read More

The miner and commodities trader said on Friday it had been informed of the OAG's action.Read More

(IDEX Online) - A diamond courier has allegedly disappeared from the Bharat Diamond Bourse, in Mumbai, India, with stones destined to be cut and polished in Surat.The so-called "angadia" is rumored to have become involved in a failed property deal as coronavirus hit trade, according to India's Economic Times.Angadias have become the cheapest and most trusted means of ferrying valuable consign...Read More

(IDEX Online) - Trade shows that were twice postponed in Hong Kong because of COVID-19 have now been canceled altogether.The Hong Kong International Jewellery and Diamond Show (pictured) and its sister event, the Gem & Pearl Show, will not now take place this year.Organizers had tried repeatedly to keep the events alive, moving them from March to May and then to August.But the final blow came...Read More

(IDEX Online) - Colin Shah is to step up as chairman of India's Gem and Jewellery Export Promotion Council (GJEPC).He will steer the industry body through what he's described as "acute uncertainties due to the ongoing COVID 19 crisis in India and world over".GJEPC, established by the government in 1966 to promote overseas sales, now represents 7,000 exporters in the sector. Mr Shah...Read More

ArcelorMittal (NYSE: MT), the world's biggest steelmaker, is evaluating the potential sale of its infrastructure assets in Canada, where it has the largest and most profitable iron ore operation, as it seeks to cut debt by divesting non-core businesses.The facilities the company may put on the chopping block include a 420-km-long railway servicing the 24 million tonnes-per-year Mont-Wright iron or...Read More

Gold X Mining (TSXV: GLDX) announced today that Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) founder Robert Friedland has joined the company's board as non-executive chairman.Current chairman and chief executive officer Paul Matysek will remain on the board and continue to serve as CEO."Paul and I had the pleasure to work together very successfully at Potash One, where I was the chairman, and which we...Read More

Mining and commodities trader Glencore (LSE: GLEN) is facing a criminal investigation in its home country for failing to have organizational measures in place to prevent alleged corruption in the Democratic Republic of Congo (DRC).The probe by the Swiss Attorney General, announced after market close on June 19, adds to the list of multiple, but separate alleged corruption and bribery investigation...Read More

Rupert Resources on a Roll at IkkariSPONSOREDCardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesHaving fired shots at Canadian lobster, Australian beef and US pork, it's surely only a matter of time before Beijing revives a threat to bl...Read More

If passed, the legislation will create a new chief permitting officer position, distinct from the chief inspector of mines.The chief permitting officer will ensure the mine permitting process is efficient and effective. The chief inspector will retain responsibility for health, safety and enforcement.Prior to the amendments the chief inspector of mines was responsible for both permitting decisions...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe company's British Virgin Islands subsidiary Skyland Mining will issue the bonds at 99.886% of face value, bearing interest at 2.8% per annum and maturing on June 23, 2023.The bonds are expected to be rated BBB- by Standard & Poor's.Artemis all set thanks to unique approachSPONSOREDartemis resourcesVancouver-based China Gold...Read More

I first started Junior Mining Monthly in 2016. I speculated that everything that is going on now - debt bubbles, central bank asset bubbles, unsustainable spending, geopolitical turmoil, etc - would start percolating then.I negotiated with several publishers but knew I had a home at Outsider Club from the second I met founder Nick Hodge and the group he had put together.Immediately after meeting,...Read More

And they're all under $50.Read full newsRead More

The renewed strength of the "physical market" for crude driving a surge in world of oil contracts.Read full newsRead More

NEW YORK, June 18, 2020 /PRNewswire via COMTEX/ --NEW YORK, June 18, 2020 /PRNewswire/ -- The value of gold is problematic to forecast, as it contingent on...Read full newsRead More

(IDEX Online) - Alrosa has reportedly lost at least five of its long-term buyers, as it maintains its price over volume strategy and forces customers to buy goods deferred from earlier sales.They've broken from their contracts because they can't make money in the COVID-19 climate, according to the Bloomberg news website.It says they include the diamond trading company Diaciore, owned by...Read More

(IDEX Online) - Three major diamond factories in Surat were ordered to close yesterday for at least 10 days, after a total of 22 of their employees tested positive for coronavirus.Municipal authorities fear packets of rough diamonds may have been the source of the infection and are urging owners to have them sanitized before they are given to the workers for polishing.The city's deputy health...Read More

(IDEX Online) - More than 1,000 jewels are to be auctioned by Christie's in a series of five live and four online sales as COVID-19 restrictions are eased.Highlights of the Geneva Magnificent Jewels auction include a twin-stone fancy vivid blue and D-color diamond ring (pictured), by the designer Reza ($8.4m to $12.6m).There are also two unmounted diamonds over 100 carats, a superb fancy inte...Read More