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

Trump to sign executive actions targeting Obama financial regulations … The president is expected to sign a pair of executive orders targeting rules imposed on the financial sector Friday, according to senior White House officials.The president has signed two executives order that will free up the ability for companies and Wall Street to function with less paperwork and regulatory reporting...Read More

The Philippine government, which has long had an uneasy relationship with the mining industry - and one former Vancouver miner in particular - has shut down nearly two dozen operating mines.One of the companies caught in the crackdown is the Australian-Canadian company OceanaGold Corp. (TSX:OGC), which is headquartered in Australia but has a corporate office in Vancouver. The company's Didipio is...Read More

Ivanplats, a subsidiary of Ivanhoe Mines (TSX:IVN), will be allowed to relocate some graves present at its Platreef platinum group metals site, near Mokopane, after a South African judge revoked Thursday an interim interdict that prevented the company from doing so.Ivanhoe's local unit had challenged the temporary ruling, issued in November last year, on the basis that the hearing was conducted w...Read More

* Dollar hits lowest since mid-November* U.S. stocks dip on uncertain outlook from Fed* BOE keeps rates unchanged, sinking sterling* European shares drop as Deutsche Bank disappoints (Updates to U.S. market open, adds data, quotes, changes dateline, previous LONDON)By Dion RabouinNEW YORK, Feb 2 (Reuters) - The dollar fell on Thursday to its lowest since mid-November and world equity markets wer...Read More

* Dollar hits 12-week low after Fed statement lacks clarity* European stocks mixed, Wall Street seen opening lower* Bond yields fall, German-French spread in focus* Pound dips after Bank of England says rates could rise or fallBy Marc JonesLONDON, Feb 2 (Reuters) - The dollar slipped to a 12-week low on Thursday and European stocks traded cautiously after the U.S. Federal Reserve stuck to its mild...Read More

Investing.com - Gold prices gained in European morning trade on Thursday, rising toward the highest level in about 11 weeks as the U.S. dollar slumped after the Federal Reserve gave no firm signal on the timing of its next rate hike.Gold for April delivery on the Comex division of the New York Mercantile Exchange rose to a session peak of $1,219.20 a troy ounce, the most since November 17.It was l...Read More

Germany approves electronic ankle bracelets to monitor extremists Germany’s cabinet has approved a measure aimed at tracking individuals who might pose a terrorism threat. The monitoring device can be used even if an individual hasn’t been convicted. -DBSo now Germany is punishing people who haven't been convicted of anything. This is part of a larger cultural problem that Germany ha...Read More

Germany approves electronic ankle bracelets to monitor extremists Germany’s cabinet has approved a measure aimed at tracking individuals who might pose a terrorism threat. The monitoring device can be used even if an individual hasn’t been convicted. -DBSo now Germany is punishing people who haven't been convicted of anything. This is part of a larger cultural problem that Germany ha...Read More

Rainbow Field, Director of International Legal Services, at Bowmans in Kenya. Kenya's new Mining Act is the first major revision in mining law in the country since the 1940s. The new Act is largely considered to be a modern piece of legislation that is clear in terms of timelines and structures, but that still has a few challenges that need to be addressed.The Act requires the establishment of...Read More

After four-plus years of declines, 2016 was a comeback year for the mining industry - with only a couple of exceptions, energy, metal and mineral prices rallied strongly last year.The turnaround in the sector has convinced at least one private equity firm that it may be time to lock in some profits. Reuters reports the Orion Mine Finance Group is in talks to sell a portfolio of 87 royalty, stream...Read More

Los Bronces copper mine in Chile. (Image courtesy of Anglo American | Flickr.)Global miners, particularly Canadians, are showing increasing signs of optimism as commodity prices are on the rise, shallow growth is returning to different end markets, and most are in better cost positions than in the recent past, the annual "Tracking the Trends" report by Deloitte released Wednesday shows.However ch...Read More

About 2,500 workers at BHP Billiton's Escondida mine in Chile, the world's biggest copper operation, voted late Tuesday to reject a company wage offer and opted instead to go on strike.The walk out could begin as early as Friday, a union representative told Diario Financiero (in Spanish), but it'd likely be deferred for a five-day government mediation to attempt a resolution.Miners have accused BH...Read More

* Gauge of stocks around the world snaps 4-day fall* Strong U.S. payrolls report boosts dollar, Treasury yields* Dollar rises after worst January in 30 years* Oil rises as OPEC, Russia deliver on supply cuts (Updates to U.S. market open, adds data, quote, changes dateline, previous LONDON)By Dion RabouinNEW YORK, Feb 1 (Reuters) - Stocks moved higher around the globe and the U.S. dollar rose along...Read More

* Dollar pares losses after worst year start in 3 decades* Dollar steadies after slump on U.S. devaluation complaint* Fed seen on hold amid much policy uncertainty* European shares climb as risk appetite creeps back* Apple stock up 3 pct after bell on strong iPhone salesBy Marc JonesLONDON, Feb 1 (Reuters) - World stocks made their first gain in five days on Wednesday as the dollar steadied from t...Read More

Investing.com - Gold prices were little changed in European morning trade on Wednesday, holding near the prior session's one-week high as market players looked ahead to the outcome of the Federal Reserve's policy meeting for further clues on the timing of the next rate hike.Gold for April delivery on the Comex division of the New York Mercantile Exchange dipped $1.00, or around 0.1%, to $1,210.35...Read More

(Adds futures, company news items)Feb 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 34 points higher at 7,134 on Wednesday, according to financial bookmakers, with futures FFIc1 up 0.4 percent ahead of the cash market open.* The UK blue chip index closed down 0.3 percent on Tuesday at 7,099.15. European shares ended January marginally lower after falling to a one-week low on Tuesday...Read More

Feb 1 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 34 points higher at 7,134 on Wednesday, according to financial bookmakers.* The UK blue chip index closed down 0.3 percent on Tuesday at 7,099.15. European shares ended January marginally lower after falling to a one-week low on Tuesday, as investors turned more realistic about U.S. President Donald Trump's policies, even though soli...Read More

A cluster of ghostly hand- and footprints on a mountain north of Lhasa offers evidence that humans scratched out a permanent existence in the thin air of Tibet much earlier than commonly thought, according to a new study. Some locals believe the prints, pressed into an ancient slab of limestone located 14,000 feet above sea level near the present-day village of Chusang, were left behind by mythi...Read More

A cluster of ghostly hand- and footprints on a mountain north of Lhasa offers evidence that humans scratched out a permanent existence in the thin air of Tibet much earlier than commonly thought, according to a new study. Some locals believe the prints, pressed into an ancient slab of limestone located 14,000 feet above sea level near the present-day village of Chusang, were left behind by mythi...Read More

Teck CEO Don Lindsay: "we had analysts and prognosticators telling us that we would never recover and that the industry was doomed. Next time you see that, buy Teck" | SubmittedOne year ago, the share price for B.C.'s largest mining company, Teck Resources Ltd. (TSX:TECK.B), had fallen below $4, and some analysts were predicting it would follow more than a dozen American coal-mining companies into...Read More