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

This week's episode features NORCAT CEO Don Duval in conversation with Canadian Mining Journal editor-in-chief Alisha Hiyate. Don stressed the importance of mining companies having a strategy to acquire new technology and why it should probably be outsourced. He also discussed workplace trends and how employees are demanding more freedom after the coronavirus pandemic, and why mining companies wil...Read More

Alrosa, the world's top diamond miner by output, says the industry has "fully recovered" from the Covid-19 pandemic as a structural production decline paired with growing end-user demand are pushing prices past levels reached in 2019. In its yearly diamond investment market report, the Russian producer said that jewellery sales have risen sharply in the past few months and are expected to exceed...Read More

The aggregate annual global exploration budget is expected to increase between 5% and 15% year over year for 2022, a new report by S&P Global Market Intelligence states.The market researcher's prediction is based on its own data that show that in 2021, the aggregate annual global nonferrous exploration budget has increased by 35% year over year to US$11.2 billion from US$8.3 billion in 2020, signa...Read More

Politicians may be morons when it comes to public policy, but they're geniuses when it comes to inventing new ways to control your life and steal your money.Tax increases seem old-fashioned compared with new 21st-century ways to take over the financial system to your detriment and make you pay for their pet projects. Take climate, for example…We're all familiar with how climate alarm has bee...Read More

Dear Outsider,A lot of bad things can happen in three seconds...I learned that the hard way this week as I was driving my kids to the Mount Everest restaurant, the three of us eagerly awaiting some delectable Nepalese cuisine. This particular restaurant is only about a mile from my home. So we piled into my Jeep and took off down the road, which goes through a sleepy residential neighborhood with...Read More

Cash copper on the London Metal Exchange closed up 4% to US$10,538 per tonne, with global stockpiles at reported all-time lows.Three-month copper rose almost 3% to $10,281/t, nearing its peak of $10,747.50/t reached in May.Adding to supply concerns due to energy shortages, copper bulls have also pointed to the further delays and growing cost blow-out at the Rio Tinto-operated Oyu Tolgoi copper-gol...Read More

Share this article VANCOUVER - Group Eleven Resources Corp. [ZNG-TSXV] has intersected a wide interval of significant copper and silver mineralization at its Denison copper-silver prospect within its 100%-owned PG West project, Ireland. The intercept confirms previously known mineralization and in part expands the outer boundary of its assayed lower-grade envelope.G11-4474-01 intersected 116.7 me...Read More

(IDEX Online) - Alrosa reports a drop of 20 per cent in rough diamond sales (quarter-on-quarter) - and a rise of 22 per cent in its gem quality price index (year-on-year).The Russian state-owned miner says global stocks are at their lowest levels for years, pushing prices up as supply struggles to match the bounce-back in consumer demand."Jewelry demand is strong in all the key markets," it says i...Read More

(IDEX Online) - Lucapa today announced record performances at its mines in Angola and Lesotho, reflecting strong post-lockdown demand for diamonds. The Australian miner raised its full-year revenue guidance last week by up to 27 per cent, in what it calls a "resurgent diamond market".It said Q3 throughput at the Lulo mine, in Angola, and Mothae, in Lesotho, were both at record high levels.&nb...Read More

(IDEX Online) - China's diamond trade is heading for a record year in 2021, says the Shanghai Diamond Exchange (SDE).Total imports and exports of rough and polished diamonds through the SDE were $5.718bn from January to September and are likely to top $6bn by the year end.  By comparison, in 2018, the busiest year ever for the Chinese diamond industry, total trade was $5.784bn.Net import...Read More

Vale reported today that it has once again halted operations at its On??a Puma nickel mine after Brazil's state of Par?? obtained a court order to reinstate the suspension of the venture's operating license.Operations at On??a Puma were first halted in early October, but a judge granted Vale an injunction on October 7 allowing it to resume activities.The suspension comes after a new decision by a...Read More

The Pallinghurst Group is raising its stake in Nouveau Monde Graphite (TSXV: NOU; NYSE: NMG) and taking an initial stake in Talon Metals (TSX: TLO).Pallinghurst's graphite subsidiary is increasing its interest in Nouveau Monde Graphite to 21% from 15.2% with the conversion of the outstanding $15 million principal amount of Nouveau's convertible bond to common shares.Pallinghurst, a global investor...Read More

A months-long battle over nickel-copper miner Noront Resources (TSXV: NOT) may have come to an end as the Canadian company said today that it had picked a sweetened bid from Australian mining billionaire Andrew Forrest's Wyloo Metals, over the latest offer from BHP (NYSE: BHP; LSE: BHP; ASX: BHP). Wyloo's 70 ? per share proposal represents a superior value for shareholders, Noront said,...Read More

ING Economics has published a new report in which its experts predict what the energy transition might bring for five key metals: copper, aluminum, nickel, cobalt, and lithium. Taking into consideration where different regions of the world stand when it comes to moving towards a low-carbon future where global warming is limited to 2 degrees Celsius, ING's analysts developed three scenarios that t...Read More

3 things that help keep capital projects on trackSPONSOREDproudfootAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningConcession and pre-construction accelerates world class Potash MineSPONSOREDhighfield resourcesA lot has happened since those comments were howled down by activists deeply opposed...Read More

3 things that help keep capital projects on trackSPONSOREDproudfootAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningConcession and pre-construction accelerates world class Potash MineSPONSOREDhighfield resourcesRio Tinto destroyed the 46,000-year-old caves in May 2020, devastating traditional o...Read More

3 things that help keep capital projects on trackSPONSOREDproudfootAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningConcession and pre-construction accelerates world class Potash MineSPONSOREDhighfield resourcesThe annual average input cost escalation in the South African mining sector was 8.58...Read More

3 things that help keep capital projects on trackSPONSOREDproudfootAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningConcession and pre-construction accelerates world class Potash MineSPONSOREDhighfield resourcesThe event, from January 31 to February 3, has been organised with the theme of Engag...Read More

Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadership3 things that help keep capital projects on trackSPONSOREDproudfootAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsWith metal prices continuing to be strong S&P Global expects the aggregate exploration budget to increase between 5% and 15% for...Read More

Dear Outsider,On April 4, 2012, President Obama signed the Stop Trading on Congressional Knowledge (STOCK) Act, which supposedly put an end to the controversial (and legal) practice of congressmen and senators trading stocks based on material, nonpublic information, often in sectors that they influence, i.e, insider trading.Congress quickly passed the bill just months after a 60 Minutes episode ex...Read More