News and Reports

Year Ahead 2025

January 06, 2025

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

Year in Review 2023 and Outlook for 2024

January 04, 2024

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

Year in Review 2022 and Outlook for 2023

January 2023

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: The Heart of Global Copper

October 2021

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 Gold

June 2021

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 Gold Mining and Canadian Juniors

April 2021

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

An Overview of the Golden Triangle

July 2020

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

An Overview of Quebec Gold Mining

April 2020

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

An Overview of the Red Lake Mining District

January, 2020

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

Citigroup pitches coal investment vehicle

May 12, 2021 / www.mining-journal.com

The vehicle would acquire soon-to-be phased out coal mines in safe jurisdictions and maintain existing production capacity before closing them down in 2045, said Bloomberg.Read More

Glencore in deal to support Vanadium One's Quebec mine

May 12, 2021 / www.canadianinvestor.com

Share this article TORONTO - Vanadium One Iron Corp. [VONE-TSXV; VDMRF-OTC; 9VR1-FSE] said Wednesday May 12 that it has entered into a long-term arrangement with a unit of Glencore Plc [GLEN-LSE] to support development of its 100%-owned Mont Sorcier vanadium-iron-titanium project near Chibougamau, Quebec.Vanadium One shares advanced on the news, rising 5.1% or $0.015 to 31 cents on volume of 263,...Read More

Russia to become one of world's largest gold and platinum group metals producers within next decade

May 12, 2021 / www.canadianinvestor.com

Share this article Russia plans to become one of the world's largest producers of gold and platinoids within the next decade by starting development of the Sukhoi Log and Fedorova Tundra Projects - two of the country's largest resource-rich regions in terms of gold and platinum group metals reserves respectively, according to recent statements by senior state officials and analysts.Regarding gold...Read More

Antwerp Bids to Break Dubai Monopoly on Angola's Diamonds

May 12, 2021 / www.idexonline.com

(IDEX Online) - A delegation of Antwerp diamond bosses has visited Angola, in a bid to break Dubai's near monopoly on its stones.Twenty CEOs took part in a two-day trade mission to the capital Luanda, organized by the Antwerp World Diamond Centre (AWDC) and the Belgian Embassy.They were seeking closer working links with Angola, currently the world's sixth biggest diamond producer.But loc...Read More

How a $20,000 Lab-Grown Wrecked a Marriage Proposal

May 12, 2021 / www.idexonline.com

(IDEX Online) - A hapless groom splashed out $20,000 an engagement ring - only to have thrown back in his face when his bride-to-be discovered it was lab-grown.She wanted to know how much he'd paid for the 3.6-carat sparkler.  When he showed her the grading certificate she was furious to learn he hadn't bought her a "real" gem.The anonymous 30-year-old ring buyer posted his tale of...Read More

Congo Losing $3.7bn to Gertler, claims Report

May 12, 2021 / www.idexonline.com

(IDEX Online) - The Democratic Republic of Congo (DRC) stands to lose at least $3.71bn from "suspect mining and oil deals" with the diamond tycoon Dan Gertler, according to claims by the civil society coalition Congo is Not for Sale.The country - one of the poorest in the world - has lost $1.95bn in revenue since 2013, according to the society's analysis of publicly available financial d...Read More

India Challenges US 25 per cent Import Tax on Range of Jewelry Items

May 12, 2021 / www.idexonline.com

(IDEX Online) - Industry bosses in India have been challenging a US proposal to charge 25 per cent import duty on many items jewelry.It's widely seen as retaliation India's new two per cent digital service tax, which targets Amazon and other non-Indian e-tailers.Representatives of India's gem and jewelry sectors voiced their concerns about the import duty at a United States Trade Re...Read More

Results impacted by late payment for copper shipment

May 12, 2021 / www.mining-journal.com

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationThe company produced 24,553 tonnes of copper and 35,500 ounces of gold in the quarter at a C1 cash cost net of by-products of $1.04/lb.Read More

Copper at US$10,000/t fuels interest in substitutes

May 12, 2021 / www.mining-journal.com

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationPrevious commodity booms have had the same effect on copper as the metal prices itself out of some applications.Read More

Harmony flags Wafi-Golpu legal setback in PNG

May 12, 2021 / www.mining-journal.com

Towards Sustainable Mining Tailings Guidance Aligns with Global StandardSPONSOREDthe mining association of canadaPAM puts itself in the middle of Thailand 4.0SPONSOREDAuroch powers up nickel explorationSPONSOREDauroch mineralsSaturn still shooting for the stars at Apollo HillSPONSOREDsaturn metalsWafi-Golpu is a 50:50 joint venture with Australia's Newcrest Mining, expected to produce more than 1....Read More

Iron ore prices hit new record

May 12, 2021 / www.northernminer.com

The price for iron ore surged to a record US$237.57 per tonne on May 12 as strong Chinese demand continued to outpace supply.The record price levels are supported by a continued supply squeeze, with major iron ore producers reporting seasonally lower output in the March quarter, and growing concern over the escalating Covid-19 crisis in India, which could impact the country's exports of the metal....Read More

Black Iron negotiates offtake and financing with Cargill

May 12, 2021 / www.northernminer.com

Black Iron (TSX: BKI; US-OTC: BKIRF) will grant Cargill offtake rights for an initial ten years on the first four million tonnes of annual production from its Shymanivske iron ore project in the Ukraine, and Cargill will provide a US$75 million finance facility for construction.The two companies, long active in the country, now plan to iron out and complete a binding agreement, which will include...Read More

Barksdale acquires Arizona copper projects from Rio Tinto

May 12, 2021 / www.northernminer.com

Barksdale Resources (TSXV: BRO) has entered an definitive agreement to acquire two copper exploration projects located in Santa Cruz County, Arizona, from Kennecott Exploration Company, a wholly owned subsidiary of Rio Tinto (NYSE: RIO; LSE: RIO).Barksdale is advancing the Sunnyside copper-zinc-lead-silver and San Antonio copper projects, both located in the Patagonia Mountains of southern Arizona...Read More

Canadian Gold Snapshot: Eight juniors seeking more yellow metal

May 12, 2021 / www.northernminer.com

High gold prices continue to make the precious metal one of the most sought after metals in Canada. Even companies with production are exploring for more. And there may be more new gold mines on the horizon.ARTEMIS GOLDArtemis Gold's (TSXV: ARTG) flagship project is Blackwater, 150 km southwest of Prince George, B.C. A prefeasibility study was completed last year for a three-stage development appr...Read More

Deadly shootout in Brazil's Amazon as illegal miners enter indigenous land

May 12, 2021 / www.northernminer.com

At least three illegal gold miners inside the Yanomami reservation in northern Brazil have died, after they opened fire with automatic weapons on an indigenous community opposed to their presence in the area.The Yanomami group, the largest of South America's tribes that remain relatively isolated from the outside world, said armed miners attacked one of their communities on May 10, leaving one mem...Read More

Mining legacy processes setting the industry behind in sustainability targets - report

May 12, 2021 / www.northernminer.com

A report commissioned by Glasgow-based engineering company the Weir Group warns that the total amount of power used in hard rock mining is equal to 12 exajoules per year or close to 3.5% of global energy use and that the industry must move away from legacy systems and processes if it wants to meet sustainability targets. After analyzing mine energy data from over 40 studies published from 2007 to...Read More

Codelco launches US$1.4B Rajo Inca construction

May 12, 2021 / www.mining-journal.com

Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman exploration"This project has to be the most modern example of Codelco, the most advanced, the best practices, the most competitive and I am pleased that this Division is extending its useful life for another 47Read More

A Tsunami Warning Has Been Issued

May 12, 2021 / dailyreckoning.com

A tsunami often takes its victims unawares... a liquid mountain rising sheer from a glass sea... suddenly... barreling ashore.The coastal areas are promptly scenes of astonishing apocalypse.In 2021... the skies have been azure, the breezes have been kind, the seas have dozed.Investors have thronged the beaches, merry as grigs. Many have been reading thrilling fiction - primarily the financial pres...Read More

Cut the Fed Some Slack

May 12, 2021 / www.outsiderclub.com

In an article published on Monday in the Wall Street Journal, influential fund manager Stanley Druckenmiller criticized the Federal Reserve's continued response to the COVID-19 pandemic saying the central bank is too accommodating considering the fast recovery.Druckenmiller writes:With COVID uncertainty receding fast, and several quarters deep into the strongest recovery from any postwar recession...Read More

Shining a Light on Today's Commodity Bull Run - Interview with Warren Irwin @bigdude6669 on @TheAssay

May 11, 2021 / www.theassay.com

Adam Thompson: Perhaps we can start with the current state of the commodity market. This is a bull run, butRead full newsRead More

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