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
Mining Journal Select London 2023 SPONSOREDVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelAfter running a supply deficit for the past two years, the global aluminium market will flip to a marginal supply surplus this year and into 20...Read More
Real estate has traditionally been regarded as a safe and lucrative investment. However, according to a new Gallup poll, economic uncertainties, sky-high property prices, maintenance costs, and lingering fallout from COVID have put a dent in its shiny reputation. The new poll shows that 35% of Americans name real estate as the best long-term investment when given options including bonds, savings...Read More
Rio Tinto suffered a major setback at the Jadar lithium project in Serbia in 2022, when the government revoked its licences after widespread protests.Read More
Forbes founder B.C. Forbes, writing in 1916:Picture a party of the nation’s greatest bankers stealing out of New York on a private railroad car under cover of darkness, stealthily riding hundreds of miles South, embarking on a mysterious launch, sneaking on to an island deserted by all but a few servants, living there a full week under such rigid secrecy that the names of not one of them was...Read More
Mining Journal Select London 2023 SPONSOREDVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelTwo investment bank reports published earlier today highlight the strength of the lithium price rebound and the need for Rio Tinto to possibly...Read More
The latest drill results continue to grow the near-surface gold oxide blanket above the porphyry breccia, including 358m grading 1.Read More
After running a supply deficit for the past two years, the global aluminium market will flip to a marginal supply surplus this year and into 2024-2025 as expanding output looks set to outrun demandRead More
(IDEX Online) - De Beers Group today announced a 20 per cent drop in rough sales for cycle 4, as global uncertainty persists and China's post-lockdown recovery falters.Provisional revenue from sightholder sales and auctions was $480m, down from $604m for the same period in 2022. Sales for cycle 3 were $542m, up from $497m in cycle 2.De Beers has postponed its main and interim auctions - which...Read More
Canada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesMining Journal Select London 2023 SPONSOREDThe stream initially represents 6.6% of the payable gold produced until 700,000oz have been delivered, which will reduce to 4.4% of payable pro...Read More
Mining Journal Select London 2023 SPONSOREDVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelTotal production would be 68Moz of silver, 221,700oz of gold, 22.8Mlb of copper, 144.1Mlb of lead and 242.2Mlb zinc, or 110.Read More
(IDEX) - UK miner Vast Resources says it is finalizing the recovery of a parcel of 129,400-carats of rough diamonds in Zimbabwe after a 12-year dispute. The company successfully sued the country's Mines and Mining Development ministry early this year and now plans to sell the diamonds through a tender. It surrendered gems from the Marange diamond fields amid claims it had exploited...Read More
Mining Journal Select London 2023 SPONSOREDVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickel"We met production guidance whilst making significant progress with our new mines in accordance with our Read More
Mining Journal Select London 2023 SPONSOREDVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelThis was seen as not only a way to diversify the country's energy supply but also a way to get a handle on the global critical minerals supply...Read More
Christian said CPM expects a new silver spike within the next three or four years, which would propel it towards $50/oz, but cautioned that silver price spikes are short-lived.Read More
(IDEX Online) - De Beers has postponed its Cycle 5 and 6 auctions amid dwindling demand from Indian manufacturers.The consumer slowdown in the US and China has also resulted in the cancellation of rough sales by auction houses in Antwerp and Dubai.De Beers said in a statement: "After careful consideration and analysis of the current market situation, we decided to combine both Cycle 5 and 6 Interi...Read More
Argentina Lithium ramps up exploration in 2023SPONSOREDargentina lithium & energyESG must be about more than box tickingSPONSOREDslr consultingGoviEx edges closer to productionSPONSOREDgoviex uraniumGreat Southern peaking under the coverSPONSOREDgreat southern miningMining magnate Robert Friedland's Canada-based Ivanhoe Electric will be the operator of the JV during the exploration phase, whic...Read More
With the population forecast to grow by 1.5 times to 9.7 billion by 2050, China's economy is forecast to double in size while India's will quadruple.Read More
Mining Journal Select London 2023 SPONSOREDVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesCanada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelThe five-year loan will bear interest at SOFR + 8.25%, subject to a 2% SOFR floor, and will be: secured by a second-ranking lien on all IAMGOLD...Read More
Canada Nickel eyes feasibility study for CrawfordSPONSOREDcanada nickelTorq kicks off drilling at Santa CeciliaSPONSOREDtorq resourcesVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesMining Journal Select London 2023 SPONSOREDAmong the companies turning their attention to Greenland is Amaroq Minerals, which holds over 7,600 km2 of licences across South Greenland...Read More