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
"There are some uncertainties on the demand side for copper," said Xu Yulong, deputy general manager of state-owned China Copper International Trading Group, on a panel discussion."People think consumption from Western countries may pick up and some of the export orders will return back to the local market. But we still have problems in real estate demand. This is really a big concern… if w...Read More
Share this article VANCOUVER - Teck Resources Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) said its logistics chain between west coast terminals and operations in British Columbia has been temporarily disrupted due to heavy rain, flooding and mudslides.The Vancouver-based mining giant said it has implemented measures to mitigate the effect of the disruption, diverting some trains to Ridley Terminals...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxThe Perth-based company said it now had an exploration target in excess of 3.5Moz.Sarama had updated the project's Tankoro resource in September 2020 to...Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure minerals"Our drilling has now confirmed that the Rangefront D-4 discovery is not an isolated occurrence and is part of...Read More
Wang said the company planned to increase throughout to 4,000 tonnes per day from the current 3,000-3,300tpd and add a flotation circuit in order to increase the suite of metals produced. The upgrade will see the mine produce 240,000 ounces a year of gold, 600 tonnes per year of copper and 5,000tpy of zinc.Zijin completed the acquisition of Canadian junior Continental Gold in March 2020 for C$1.4...Read More
Look beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningSpot gold rose to US$1,867 an ounce while silver was up slightly and back above $25/oz.Cash copper lost 1.6% on the Lond...Read More
Look beyond market approach to project valuations: van ZylLeadershipTransparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningThe raisings aim to secure A$9.3 million, and are dominated by a $7.Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe company has made a US$141 offer for a silver stream on the Blackwater project in British Columbia, Canada,...Read More
Argosy Minerals MD Jerko Zuvela speaks with Mining Journal's Ngaire McDiarmid about progress towards 2,000tpa lithium production starting in 2022 at Rincon in Argentina, along with the project's green credentials and the company's further lithium potential at Tonopah in the US.Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure minerals"There are some uncertainties on the demand side for copper," said Xu Yulong, deputy general manager of state-...Read More
Evolution gained a foothold in Ernest Henry in 2016 when it struck a A$880 million deal with Glencore to acquire 100% of the operation's gold production and 30% of its copper production over its defined reserve life of 11-years as well as 49% of production from new exploration from 2027 onwards.But Evolution will now assume full ownership and operational control of the copper-gold mine and will en...Read More
(IDEX Online) - A 1.02-ct fancy vivid blue diamond, described as the "property of a gentleman", is leading a Christie's online sale.The unmounted oval modified brilliant-cut gem carries an estimate of $405,000 to $675,000. It is certified by GIA as SI2 clarity.Among the other highlights of Jewels Online: The London Edit is a signed Cartier 32.10-ct round brilliant-cut diamond ring ($270...Read More
(IDEX Online) - BlueRock has halted operations at its Kareevlei mine, in South Africa, after being served with a safety breach notice. The Department of Mineral Resources & Energy (DMRE) issued the notice after identifying issues during a visit on 9 November.The UK-based miner gave no details of the safety concerns that had been raised.It said in a statement: "Management is working closel...Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe province declared a state of emergency mid-Wednesday to "ensure the transport of goods, and essential and...Read More
(IDEX Online) - Petra is to offer a 32.32-carat pink diamond at its first tender of goods from the Williamson mine, in Tanzania following a Covid-enforced closure.The stone (pictured) is among 26,000 carats that will be offered in Antwerp from 19 to 26 November.The London-based miner classified Williamson as "an asset held for sale for financial reporting purposes" after a a debt-for-equity restru...Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe head of the mining regulating agency said using blockchain would enable the agency to record all the admin...Read More
Transparency at centre of corporate climate policySPONSOREDpolyusPolarX finds extra copper potential in AlaskaSPONSOREDpolarxCorazon Mining: developing a large-scale nickel sulphide projectSPONSOREDcorazon miningAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsTeck had been named the industry leader last year, while Newmont was 2020's top gold miner.Gold Fields said it...Read More
Swiss commodity giant Glencore (LSE: GLEN) is selling its stake in the Ernest Henry copper-gold mine in Queensland, Australia to Evolution Mining (ASX: EVN) for A$1 billion ($916.5 million) in cash.Evolution will pay Glencore A$800 million ($733 million) upfront and the remaining A$200 million after 12 months. The companies believe the transaction will close in early January 2022.Under the terms o...Read More
Australia-based Newcrest Mining (ASX: NCM; TSX: NCM; PNGX: NCM) is building critical mass in Canada with the second significant acquisition announced as the mining major sets its sights on organic and mergers and acquisitions-based growth in the Americas, managing director and CEO Sandeep Biswas tells The Northern Miner.In 2019, Newcrest took a 70% interest in Imperial Metals' (TSX: III) Red Chris...Read More
Wolfden Resources (TSXV:WLF) has released new resource numbers for its Pickett Mountain base metal project in Penobscot Cty., Maine. Both indicated and inferred resources have been significantly increased by 22% and 57%, respectively, from a previous estimate completed in 2020.The indicated resource is now 2.7 million tonnes averaging 8.91% zinc, 3.83% lead, 1.22% copper, 97.2 grams silver per t...Read More