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
(IDEX Online) - Smash and grab aiders fled empty-handed after they were thwarted by thick laminated display cases.A gang of six men tried to smash the cases at a store in the Jewelry District of downtown Los Angeles, California, USA.Employees fought back, hurling items at the perpetrators and a security guard fired a non-lethal pepper ball.The men, all were wearing black hoods, drove off in three...Read More
(IDEX Online) - Billionaire businessman Lev Leviev is to be interviewed by police in Israel over allegations of diamond smuggling.LLD (Lev Leviev Diamonds), one of the world's largest diamond cutting groups, is suspected of smuggling stones into the country by air over a 16-year period.Leviev, 66, (pictured) who has lived in Russia since 2018, arrived in Israel on Tuesday (20 September) and w...Read More
The trend has been seen in at miners including Agnico Eagle Mines and also major miners Barrick Gold and Newmont.Read More
Permitting and legal obstacles faced by the firms over the construction of the 211-mile-long industrial road, known as the Ambler Access Project, have been complicated further by a decision by the USRead More
Toronto-based Electra Battery Materials (TSXV: ELBM; NASDAQ: ELBM) signed its first production agreement for North America's only cobalt refinery today, agreeing to supply LG Energy Solution of Seoul with about US$63 million of cobalt sulphate when calculated at the current spot price. The financial terms of the agreement weren't released, but Electra is to supply LGES, a global manufacturer of...Read More
Talon Metals (TSX: TLO) has received more encouraging results from drilling at its Tamarack nickel-copper-cobalt project in Minnesota, including assays for 17 holes drilled on the western side of the Tamarack resource area that demonstrated the continuity and thickness of the high-grade massive sulphide zone.The new holes, drilled between 2021 and 2022, extend across 320 metres from northwest to s...Read More
Atlantic Lithium (AIM: ALL), an Australia-based miner seeking to unlock electric car battery resources in West Africa, said its proposed operation in Ghana will generate nearly US$5 billion in revenue over its 12.5-year lifespan.The Ewoyaa project, about 120 km west of the capital, Accra, has a net present value of US$1.3 billion at a discount rate of 8% with expected free cash flow of US$2 billio...Read More
Credit rating firm Moody's Investors Service said on Thursday it had changed its outlook for the global metals and mining industry from stable to negative as a global economic slowdown continues to soften demand. The downturn is affecting prices, which consequently reflects a decreasing profitability for the largest Moody's-rated companies in the industry during the upcoming 12 months, the firm s...Read More
The London-based International Council on Mining and Metals (ICMM) says mining companies should be able to use emerging technologies within 15 years to drastically reduce the tailings that continue to kill and cause destruction when tailings storage structures fail.The ICMM estimates developing new technologies such as no-waste mine architecture, in-situ-leaching and non-chemical extraction, all a...Read More
Engineers at West Virginia University are developing new technologies for coal waste storage facilities that will detect and prevent potential failures like leakage of hazardous materials into the environment.After receiving almost half a million dollars in funding from the United States Department of Energy, the researchers plan to deliver an aerial robot-enabled inspection and monitoring system...Read More
General Motors is boosting efforts to secure lithium supplies, a crucial ingredient for electric vehicle (EV) batteries, by investing in Canadian battery recycling company Lithion Recycling Inc.The move creates a partnership between the world's second largest automaker and the Quebec-based company to pursue a circular battery ecosystem using Lithion's technology. Financial details of the investmen...Read More
The stock market has taken a good cowhiding this year under the Federal Reserve's pitiless onslaughts.The Dow Jones has hemorrhaged some 6,500 points year to date. Both S&P 500 and Nasdaq Composite have absorbed similar blasts - on a percent basis.Trillions in stock market wealth have vanished into the great nothingness... whence it sprung.And so the delirious excesses of the past several year...Read More
Virtual core shack visit planned for September 21, 2022 at 4:00 pm EDTPrismo Metals Inc. (CSE: PRIZ) (OTCQB: PMOMF) (theRead full newsRead More
Reach Resources Limited (ASX: RR1) ("Reach" or "the Company") is pleased to update the market on the identification of several high priority targets prospective for REE mineralisation. Targets were identified by expert geophysical consultant, Southern Geoscience. The Company's aim is to identify peg...Read full newsRead More
"The FS confirms the strength of the Madaouela project and its ability to deliver good economic results at a time when inflationary pressures are having a significant impact on the development of newRead More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSORED"The FS confirms the strength of the Madaouela project and its ability to deliver good economic res...Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe agreement is with Clarus Securities and involves the private placement of up to about 15.63 mil...Read More
"Pensana's expertise in rare earth supply, including mining, will be invaluable in our mission and will play an integral role in pioneering new and innovative technologies to achieve what has so far been impossible," leader of the Polestar 0 project Hans Pehrson said.The plan is to identify and eliminate all greenhouse gas emissions from the extraction of raw materials to when the car is delivered...Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe amendments to National Instrument 45-106, introduce the listed issuer financing exemption (LIFE...Read More
While some companies are content to wait for better market conditions, others are boldly advancing to construction.Read More