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
Look, I'm going to be honest...I've got a real axe to grind with China.Not the Chinese people, to be clear. I'm sure they're lovely.But the central government in Beijing - Xi Jinping and all the other autocrats.Call me old-school, but I don't like communism.I hate the censorship, the surveillance, the intolerance, and the complete lack of freedom.I hate the hawkish mentality, the sense of entitlem...Read More
When people in authority set expectations about what is possible, it's important to be truthful and realistic about what is possible, and by when.Otherwise, things that society often takes for granted, like regular food and fuel supplies, can suffer bottlenecks in supply.There are hints that unrealistically optimistic forecasts about the future - by political and corporate leaders - are causing re...Read More
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China's massive steel sector is being roiled by an energy supply crunch, a downturn in the property market and tighter environmental controls, impacting the short-term outlook for steelmaking ingredients iron ore and coking coal."We believe the impact will be negative in the case of iron ore, copper, nickel and, to a lesser extent, zinc, as China is a large net importer of these commodities," Jeff...Read More
The group had been stuck underground since Sunday after the main shaft exit was damaged.The staged rescue saw the miners led out via a 1.2km-long series of ladderways, with the last emerging at 4.45am local time on Wednesday according to the United Steelworkers Union Local 6500, ending a three-day ordeal."We are immensely grateful for the tireless work of the rescue crews who helped bring everyone...Read More
The company, which is headed up by Perth-based resource veterans Ian Middlemas and John Welborn, is moving six months after the Congo-Brazzaville government signed mining conventions with China-backedRead More
Share this article VANCOUVER - Tocvan Ventures Corp. [TOC-CSE; TV3-FSE] signed an agreement to acquire a 100% interest in the Rogers Creek property, about 90 km northeast of Vancouver, B.C, from C3 Metals Inc. [CCCM-TSXV]. Tocvan previously held an option to a acquire up to an 80% interest in the property from C3 Metals.Under the terms of the new agreement with C3 Metals, Tocvan is acquiring a 10...Read More
Share this article VANCOUVER - Karam Minerals Inc. [KMI-CSE] signed a share exchange agreement dated September 20, 2021, among the company, Hathor Exploration Ltd. and the security holders of Hathor to acquire all of the issued and outstanding securities of Hathor.Hathor is a privately-held uranium company with strategic claims in the heart of the Athabasca Basin in proximity to industry leading...Read More
(IDEX Online) - Ana de Armas, who fronted the Natural Diamond Council's first celebrity campaign, appears as the new Bond girl in the movie No Time to Die which opens today.She wears three pieces of Chopard's haute joaillerie from its Green Carpet Collection, the first made entirely from sustainably mined and ethically certified gold and diamonds.Her necklace is set with pear-shaped diam...Read More
(IDEX Online) - A British jeweler is crafting engagement rings for car-mad couples - made with precious metals from catalytic converters and inspired by the designs of favorite makes and models.Edward Fleming, from London, has so far created rings that pay tribute to the Mini Cooper, the Lamborghini Huracan supercar and the more modest Ford Fiesta.It's a partnership with the UK website Scrap...Read More
(IDEX Online) - Botswana Diamonds has taken control of the Thorny River diamond project in South Africa.The UK-based exploration company exercised its pre-emptive right to acquire outstanding third-party interests in Vutomi Mining, which holds mineral rights for the project.It then sold just over a quarter of the shares to Baroville, a local South African group, to ensure compliance with black emp...Read More
A syndicate of five international financial institutions have approved a senior secured project finance facility of up to US$346.2 million for Horizonte Minerals (TSX: HZM; LSE: HZM) to fund the development and construction of the company's Araguaia ferro-nickel project in Brazil.The syndicate of lenders is made up of BNP Paribas Securities; ING Capital LLC; Natixis, New York Branch; Societe Gener...Read More
The rapid onset of the green energy revolution could be stunted by pervasive structural issues in the finance sector spilling over to mining. It hinders capital formation, especially for junior mineral explorers, CPM Group managing partner Jeffrey Christian recently told The Northern Miner's Global Mining Symposium.Chief among the issues constraining capital formation is a lack of enthusiasm among...Read More
Ivanhoe Mines (TSX: IVN; US-OTC: IVPAF) says that after the first phase of concentrator construction, the facility is exceeding designed throughput rates, treating 320,000 tonnes of mineralized material in the month ending September 20. Design capacity is 315,000 tonnes per month with a head grade of 6% copper.Copper production for the month was a record 16,010 tonnes.The company says the phase on...Read More
Emerging Australian lithium producer Sayona Mining (TSX: SYA; US-OTC: SYAXF) has agreed to acquire control of the Moblan lithium project in the Eeyou-Istchee James Bay region of northern Quebec.Sayona is acquiring Lithium Royalty Corp.'s right to purchase the 60% interest in the project held by Guo Ao Lithium. Sayona will acquire that interest for US$86.5 million. SOQUEM holds the remaining 40% an...Read More
Albemarle (NYSE: ALB), the world's top lithium producer, says it will buy China-based Guangxi Tianyuan New Energy Materials for about US$200 million, as part of its plans to boost lithium conversion capacity. Tianyuan, a lithium converter founded in 2017, owns a recently constructed lithium processing plant close to the port of Qinzhou in Guangxi. The facility has a designed annual...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is challenging the findings of an independent review into US$1.4 billion in cost overruns and delays at the Oyu Tolgoi mine in Mongolia, restating the project's troubles were caused by unpredictable geology issues. The Independent Consulting Group's (IGG) report concluded last month that poor management was the main reason the mine's undergr...Read More
Future remains golden for Rox ResourcesSPONSOREDrox resourcesOzAurum drills in home of goldSPONSOREDozaurum resourcesDeveloping Canada's Premier Copper-Gold MineSPONSOREDFirefly shines as new era loomsSPONSOREDfirefly resourcesThe board of rare earth minerals explorer RareX has adopted the World Economic Forum (WEF) guidelines for ESG reporting, as discussed in last week's From the Capital&nbs...Read More
CNBC gives the news:Congress was poised to prevent a government shutdown Thursday with hours to go before a midnight deadline.The Senate and House both passed a short-term appropriations bill that would keep the government running through Dec. 3. The U.S. will avoid a lapse in funding once President Joe Biden signs it into law.The Senate approved the legislation in a 65-35 vote, as 15 Republicans...Read More
Canada's youngest senior gold producer, B2Gold (TSX: BTO; US-OTC: BTG), expects to report robust operating and financial metrics for the second half of 2021, the company's VP for investor relations, Ian McLean, recently told The Northern Miner's Global Mining Symposium.B2Gold started the year on a solid footing, outperforming guidance. McLean recapped key consolidated figures for the first six mon...Read More