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

Its cash position has grown 72% since the start of the year, as gold production in the September quarter saw a 50% increase compared with the 49,081oz produced in the prior year period.Read More

The debt facility, secured through a first-ranking security interest over Terronera, is for an 8.Read More

Ahead of an analyst tour to the company's Pilbara iron ore operations, Rio said shipments for the September quarter were 83.9 million tonnes.Read More

(IDEX Online) - De Beers rough sales slumped to just $200m during cycle 8, the second lowest figure since it started reporting Sight totals in 2016.The company responded by cancelling the online rough auctions, which account for around 10 per cent of its sales, for the rest of the year.There has been only one occasion in the last seven years when De Beers reported a lower sales total - $116m in cy...Read More

Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedThe investment will be used to develop F3's Patterson Lake North (PLN) uranium project in Saskatchewan, where the miner discovered the JR Zone...Read More

(IDEX Online) - A Jacob & Co. watch owned by rapper Jay-Z sold for $1.5m at a charity event to help ex-prisoners.The white gold Caviar Tourbillon World Timer's dial and bracelet are set with 498 baguette diamonds, with a total weight of 35.52 carats. It keeps time in 25 cities.Jay-Z donated the timepiece for a star-studded casino night and auction in Atlantic City, New Jersey, USA, that r...Read More

The cause of the fire in the milling section of the plant has yet to be established, with the company not ruling out a technical failure.Read More

(IDEX Online) - Russia is using bags of cash and diamonds to buy weapons technology for the war in Ukraine, according to an expert quoted by the financial news website Insider. It circumvents banking restrictions using intermediary accounts in Turkey and the UAE, and shell companies in Kazakhstan and Armenia, according to Pavlo Verkhniatskyi, a member of the International Working Group on Rus...Read More

Talbot gave notice in July following intermittent personal leaves that required extended absences from Brazil, Sigma said.Read More

Societe Congolaise pour le Traitement du Terril de Lubumbashi (STL) a unit of state-owned miner Gecamines, has begun operations at a hydrometallurgical plant processing tailings from the Big HillRead More

Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedA technical review of the BKM feasibility study has been completed, with positive feedback, and an indicative term sheet for copper cathode off...Read More

(IDEX Online) - Petra saw rough prices dip by up to 18 per cent as it brought forward its Tender 2 ahead of India's voluntary two-month moratorium.The UK-based miner has sold 344,554 carats so far - three quarters of the total tender volume - for $30.2m and says it is currently offering the remaining 25 per cent. It will release full sales results in the next few days.The average price per ca...Read More

The heavy attack on Israel this weekend by the Palestinian militant group Hamas has shocked the world. So far, about 1,500 people are confirmed dead. That number will only grow.We don't have many facts at this point, but it appears to be a massive intelligence failure by Israel. That in itself is shocking because Israeli intelligence is generally excellent.It also suggests that Hamas is capable of...Read More

Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedSociete Congolaise pour le Traitement du Terril de Lubumbashi (STL) a unit of state-owned miner Gecamines, has begun operations at a hydrometal...Read More

Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedA heavy-duty environment, social and governance (ESG) campaign by the big London-based miner kicked off late last week with Barton saying in an...Read More

Armed criminal miners have undertaken repeated attacks since July with improvised explosive devices and gunfire against Zijin's operations to force their way into the Buritica mine to illegally mineRead More

Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedThe fund now has around US$4 billion in assets, making it the largest mining private equity fund in the market.   Appian's Fund III closed...Read More

(IDEX Online) - The 11.28-carat Infinite Blue, one of the world's largest blue diamonds, sold at Sotheby's Hong Kong for $25.3m.It just missed its $26m to $37m pre-auction estimate, but did achieve the third highest price ever for a blue diamond sold in Asia.The radiant-cut fancy vivid blue VS2 Type IIb stone, set in an 18 karat white and pink gold ring with a halo of pink and white trap...Read More

By some hidden working of unseen forces, legions of ghouls and demons are bursting out of the ground in every other front yard of small-town America. Supposedly hard-up working-class people go all-out constructing Halloween shrines to the totem figures of decay and death, as in some depraved cargo cult competition aimed at hastening our country's descent into chaos.The end can't come soon enough,...Read More

(IDEX Online) - Mountain Province reported a 45 per cent drop in revenue, as the company sought to defend it prices by holding back its higher value goods.During Q3 the miner sold a total of 478,653 carats for US$45.3m from Gahcho Kue, the deposit it operates jointly with De Beers in Canada's Northwest Territories. Average price per carat was US$95.In Q3 2022 Mountain Province sold 805,227 ca...Read More