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) - Polished diamond prices suffered their single biggest monthly drop of the current decline in September - down by 3.07 per cent.In addition, after 18 months characterized by near-straight line decreases, we see more volatility, with prices levelling then suddenly dropping again.The Index is now 30 per cent down on its March 2022 peak, the month after Russia invaded Ukraine.Increasin...Read More
(IDEX Online) - It was "more of the same" during September, as round prices again suffered wholesale losses, but fancies fared somewhat better.Markets remain weak, sentiment remains slow and Alrosa has halted sales for two months in a move aimed at stabilizing the market.Lab growns are set to overtake natural diamonds, and currently account for almost half of unit sales. And the global economy rem...Read More
(IDEX Online) - De Beers and the Botswana government today (1 October) said they had taken a significant step towards finalizing their new sales and mining deals, with the signing of Heads of Terms.The document provides further detail and clarity on the commercial and operational aspects of the outline agreement, De Beers said in a statement.The current agreement, under which Botswana receive...Read More
(IDEX Online) - G7 representatives have completed a fact-finding mission to explore how India's diamond industry can comply with forthcoming sanctions on Russian stones.They aim to cause "minimal or no disruption to the sector", according to a statement issued issued by the Gem & Jewellery Export Promotion Council (GJEPC), which hosted the delegation. G7 members - Canada, Franc...Read More
You have to understand: No amount of political blustering will bring this gaslit nation into daylight when there is no more money and no more credit and no feasible way to feed the Washington blob that ate our government.I know, that's a mouthful. Let's unpack this.The equation is simple. Our country can't handle normal interest rates; and the value of the dollar can't withstand more ultra-low int...Read More
ACG Acquisitions, a London-listed special-purpose acquisition company, announced that "despite its best efforts" the deal has been terminated.Read More
Solaris is not officially in play, although it is looking at securing some US$80 million in finance to complete a feasibility study and advance Warintza through permitting.Read More
For years, I've been following a little-known Pentagon program. An absolute game-changer.It's called "Skyborg."And it's as futuristic as it sounds.The idea is to start pairing fighter jets and bombers up with drones. From now on, every pilot gets a little buddy, a robot wingman.Some are launched from the ground, while others are small enough to deploy from underneath a jet's wing like a missile, o...Read More
Caterpillar can provide a battery-powered fleet and other equipment innovations, while Albemarle's North American-produced lithium is to be made available for use in Caterpillar battery production.Read More
Jeremy Farrar's book from July 2021 is relatively more candid than most accounts of the initial decision to lock down in the U.S. and the U.K."It's hard to come off nocturnal calls about the possibility of a lab leak and go back to bed," he wrote of the clandestine phone calls he was getting from Jan. 27-31, 2020.They had already alerted the FBI and MI5.I'd never had trouble sleeping before, somet...Read More
The DoL's Mine Safety and Health Administration (MSHA) awarded the funding to the University of Alabama, the University of Arizona, Southeast Kentucky Community & Technical College, the UniversityRead More
Emerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedMiramar Resources leveraged to exploration success SPONSOREDmiramar resources"We seek to responsibly manage the competition between our countries, so it does not tip into conflict," he said.Read More
Emerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedMiramar Resources leveraged to exploration success SPONSOREDmiramar resources Liontown, the lithium takeover target of U.S.Read More
Emerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedMiramar Resources leveraged to exploration success SPONSOREDmiramar resourcesThe DoL's Mine Safety and Health Administration (MSHA) awarded the funding to the University of Alabama, the University of Arizona, Southeast Kentucky Communi...Read More
Glencore holds a 49% stake in Koniambo, with the remainder held by Société Minière du Sud Pacifique, which is majority held by the regional government of New Caledonia's NorthRead More
Shares in the junior jumped on the news hitting markets, rising to trade at a high of C$0.59 in yesterday's trade (when the news was announced), from C$0.23/share the day previously.Read More
Minister Camacho said the government wants to help develop an inclusive mining sector that helps meet the challenges of climate change and the energy transition and wants to work with the miningRead More
Pardo's presentation, and that of mining and energy minister Andres Camacho, during his opening address, struck a much more conciliatory and even welcoming tone towards the mining sector than hasRead More
(IDEX Online) - Israel's diamond trade suffered another blow in August, with rough imports down 69 per cent year-on-year and rough exports down by 80 per cent.The figures were significantly worse than July, when imports and exports fell by 46 per cent and 44 per cent respectively.Israel imported a total of 314,371 carats, at a cost of $49.8m in August, according to new figures released by the...Read More
LPI was forced to make a statement after news it had appointed Canaccord Genuity as its financial adviser and Ashurst Australia as legal adviser to support it in talks with the miner leaked admit aRead More