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
Can local currencies help advance global sustainability? Local financial systems that put people and the environment at their heart are welcome, but can these new models be truly scaled? Local currencies can encourage shoppers to buy local, purchasing their goods at nearby shops and markets … By definition, they can be exchanged for goods only in a limited region. So why participate? The cor...Read More
On January 24, 2013, state-owned company Kazatomprom announced that the uranium production in the Republic of Kazakhstan amounted to 20.9 ktU in 2012 (excluding data from the Stepnogorsk mining and processing facility).This means that Kazakhstan remained the world's largest uranium producer in 2012 with approximately 37% of global uranium production volume (55.7 ktU, according to Kazatomprom's pre...Read More
GLASGOW WINS £24 million FUTURE CITIES competition … Glasgow City Council has welcomed news that it has won a £24 million future cities competition to showcase how UK cities can grow their local economy and improve the lives of their citizens by making the most of new technologies and by integrating and connecting city systems. The Future Cities Demonstrator competition, managed...Read More
GLASGOW WINS £24 million FUTURE CITIES competition … Glasgow City Council has welcomed news that it has won a £24 million future cities competition to showcase how UK cities can grow their local economy and improve the lives of their citizens by making the most of new technologies and by integrating and connecting city systems. The Future Cities Demonstrator competition, managed...Read More
Minamata Convention Agreed by Nations … Global Mercury Agreement to Lift Health Threats from Lives of Millions World-Wide … Geneva/Nairobi, 19 January 2013 − International effort to address mercury − a notorious heavy metal with significant health and environmental effects − was today delivered a significant boost with governments agreeing to a global, legally-binding...Read More
Minamata Convention Agreed by Nations … Global Mercury Agreement to Lift Health Threats from Lives of Millions World-Wide … Geneva/Nairobi, 19 January 2013 − International effort to address mercury − a notorious heavy metal with significant health and environmental effects − was today delivered a significant boost with governments agreeing to a global, legally-binding...Read More
Beleaguered Canadian miner Eldorado Gold Inc. (TSX:ELD) (NYSE:EGO) is facing renewed antagonism to its projects in Greece.France Press reports that hundreds of demonstrators marched in Athens on Jan. 12 against Eldorado's Hellas gold project in the northern region of Halkidiki, as locals claim it is causing irreversible damage to the environment.Several citizens' groups, backed by the radical lef...Read More
The government of El Salvador has asked the Inter-American Commission on Human Rights (CIDH) to help the country push for a halt of Vancouver-based Goldcorp's (TSX: G), (NYSE: GG) Cerro Blanco gold-silver project in southern Guatemala, reports La Informaci??n (in Spanish).The article says El Salvador's human rights defense attorney general (PDDH), Oscar Luna, claims Cerro Blanco mine will greatly...Read More
Only days after the Egyptian authorities announced they will boost the mining industry in the country, a 400 kg shipment of Centamin's (LON:CEY), (TSX:CEE) gold was prevented from leaving the nation, at least until the company receives a permit from the national petroleum ministry, reports Ahramonline.The Alexandria-based company, which is Egypt's largest gold producer, had a similar problem in O...Read More
In an effort to invite investment, grow revenue and expand the country's overall economy, Egypt has announced that is considering "offering a number of international bids for mineral exploration sites, particularly for gold," reports local paper Al-Shorfa.But the goal won't be an easy one to achieve and not exactly for a lack of resources. In fact, Egypt has a long mining history, with evidence of...Read More
AN ISLAND IN THE PHILIPPINES - John Felderhof looks much thinner than when we first met at the Prospectors and Developers Association of Canada convention in 2010.The weight loss could be from the heat and humidity of the Philippines, where the 72-year-old lives in a house with a single beaten-up air conditioner in his bedroom.Or it could be the stress of writing his memoirs - a project he started...Read More
Early in 2012, the Law Society of Upper Canada convicted Toronto securities lawyer Joe Groia of "incivility" during his defense of John Felderhof against quasi-criminal charges laid by the Ontario Securities Commission of insider trading and issuing false or misleading information. (Felderhof was never charged with a criminal offence.) The geologist hired Groia in 1997, the trial began in 2000, an...Read More
As many individual investors have taken a cue from professional and institutional money managers, alternative investments have gone mainstream - and commodities lead the trend. Interest in this asset class has exploded as individual retail investors have discovered commodities' vast benefits, like low correlation to equities and bonds, inflation-fighting capabilities and their ability to profit f...Read More
China is set to expand its development of overseas uranium sources, with the nation's leading state-owned nuclear power company announcing on Monday that it will speed up investment and exploration in Australia, Africa and Central Asia.The China Daily reports that Sun Qin, chairman of the China National Nuclear Corp (CNNC) which is responsible for the operation of over 40% of the country's nuclear...Read More
Guatemala has jumped on the wagon that has been running through most of Latin America this year by proposing an increase of control over its natural resources.President Otto Perez Molina is pushing the Constitutional reform that will make possible for the government to acquire up to 40% of the mining and exploration companies operating in the country.The intended reform to 55 articles of the Cons...Read More
VANCOUVER, BRITISH COLUMBIA-(Marketwire - June 21, 2012) - Baja Mining Corp. ("Baja") (TSX:BAJ)(OTCQX:BAJFF) today announced that at the annual and special general meeting of shareholders held in Vancouver on June 21, 2012 shareholders voted to elect Lorie Waisberg, Tom Ogryzlo, Wolf Seidler, Stephen Lehner, Fran??ois Marland and Ken Murphy to the board.Shareholders also approved the amendment of...Read More
TORONTO, ONTARIO-(Marketwire - June 22, 2012) - Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company"), announced today that new exploration activities are underway on the Sierra Rosario and Battle Mountain Ridge royalty and option properties in Mexico and Nevada.SIERRA ROSARIO PROJECT, MEXICOIn Mexico, American Consolidated Minerals Corp. (TSX VENTURE:AJC), ("AJC") and International Northair Mi...Read More
WINNEMUCCA, NEVADA-(Marketwire - June 21, 2012) - Paramount Gold and Silver Corp. (NYSE MKT:PZG)(NYSE Amex:PZG)(TSX:PZG)(FRANKFURT:P6G)(WKN:A0HGKQ) ("Paramount") reported today that results from four new shallow core holes on its 100%-owned San Miguel Project in Mexico confirm the continuity of mineralization along the 7.5 km. long Guazapares Megastructure. These holes were drilled into the 1.2 km...Read More
The government of El Salvador is warning that the future large-scale development of the gold and silver Cerro Blanco mine in southern Guatemala will greatly endanger the quality of water found in the Lempa River, which supplies water not only to Guatemala but also to Honduras and El Salvador.Salvador S??nchez Cer?(C)n, Vice-President of El Salvador, was quoted by Portal Minero as saying that he fe...Read More
An indigenous Ng??be-Bugl?(C) teenager was killed and 40 people were injured in connection with a police crackdown on dissent over mining and hydroelectric developments in Panama, where Canadian mining companies have a large presence.Since January 30, thousands of members of the Indian tribe Ng??be-Bugl?(C) had blocked the Inter-American Highway at San Felix in Western Panama, demanding the govern...Read More