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
Ardea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsLindian aims for centuries of REE productionSPONSOREDlindian resources Saudi to help Africa 'break ranks' with historic trading partnersSPONSOREDsaudi ministry of industry and mineral resourcesEV batteries and other car par...Read More
Lindian aims for centuries of REE productionSPONSOREDlindian resources Mine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesSaudi to help Africa 'break ranks' with historic trading partnersSPONSOREDsaudi ministry of industry and mineral resources Falling share prices an...Read More
(IDEX Online) - Alrosa's diamond sales have been unaffected by sanctions, according to the company's first published set of financial results since Russia invaded Ukraine in February 2022.First-half sales for 2023 were RUB 188.2 billion ($1.9 bn), up 0.2% from RUB 187.8bn ($1.9 bn), for H1 of 2022, and up 3.5 per cent on H1 of 2021. Net profit for H1 2023 was down 35 per cent year-on-yea...Read More
(IDEX Online) - Pandora is rolling out its lab grown diamond jewelry to Australia, Mexico and Brazil, and renaming its collections to acknowledge their origin.Diamonds by Pandora will now be known as Pandora Lab-Grown Diamonds, the company said in a news release.The Danish brand, best known for its charm bracelets, announced in May 2021 that it would no longer use mined diamonds, even though they...Read More
(IDEX Online) - Banks have frozen accounts belonging to dozens of diamond manufacturers and traders in India.No clear reason has been provided, although one news report mentions a police probe into alleged cyber-fraud.Police forces in the southern states of Telangana and and Kerala ordered banks to suspend 27 accounts of jewelry businesses based in Surat, the country's diamond polishing capit...Read More
Ardea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsLindian aims for centuries of REE productionSPONSOREDlindian resources Saudi to help Africa 'break ranks' with historic trading partnersSPONSOREDsaudi ministry of industry and mineral resourcesThe delay highlights the compl...Read More
The delay highlights the complications in fairly transitioning heavily-fossil fuel-dependent low-to-middle-income countries to cleaner energy sources as part of the worldwide effort to keep globalRead More
The last three and a half years have been times of enormous upheaval.It has affected politics, economics, culture, media and technology. It's not just about the spreading of economic, cultural and demographic decay. Millions and billions of lives have been wrecked, to be sure, but there is also a big impact on the way we see the world around us.What we once trusted, we now doubt and even disbeliev...Read More
Chief commodity and energy strategist at BCA Research, Robert Ryan, said the US will likely move toward a position of fiscal dominance as it is forced to absorb trillions of US debt onto its balanceRead More
Lindian aims for centuries of REE productionSPONSOREDlindian resources Mine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesSaudi to help Africa 'break ranks' with historic trading partnersSPONSOREDsaudi ministry of industry and mineral resourcesCanada's Northwest Territories...Read More
Lindian aims for centuries of REE productionSPONSOREDlindian resources Mine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesSaudi to help Africa 'break ranks' with historic trading partnersSPONSOREDsaudi ministry of industry and mineral resources Made from a combination...Read More
Dear Outsider,What would you do if you could predict the future?Better yet what if you could create the future?Would you warn the world of any impending disasters to make sure people are safe?Or keep it to yourself and devise a scheme to profit?We know from the James Bond film Tomorrow Never Dies that the villain always chooses the latter.In the movie, which has aged particularly well, media mogul...Read More
The bid could rival a US$8 billion offer from Glencore. Read More
Lindian aims for centuries of REE productionSPONSOREDlindian resources Mine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesSaudi to help Africa 'break ranks' with historic trading partnersSPONSOREDsaudi ministry of industry and mineral resourcesThe bid could rival a US$8 bil...Read More
(IDEX Online) - Pandora has reported a five per cent growth in Q2 sales, despite ongoing macroeconomic uncertainties. The Danish jeweler says strong brands and products helped it deliver "robust growth" and it had expanded its network by four per cent.Revenue for the quarter was $864m (DK 5.894bn). Overall like-for-like growth was two per cent, although it was minus four per cent in the US.Pa...Read More
Piedmont exercised its option to acquire a 22.5% interest in Ewoyaa, having funded the completion of a feasibility study.Read More
Interim CEO Martin Preece told Mining Journal's sister publication MNN the company's top priority for the current half was the delayed and over-budget project.Read More
Video Series: Mining Journal speaks with Robert WiltSPONSOREDsaudi ministry of industry and mineral resourcesMine to metals model makes ASM a rare opportunity SPONSOREDaustralian strategic materialsArdea set for 40 years plus of nickel, cobalt productionSPONSOREDardea resourcesMassive resource increase as De Grey's Hemi heads for DFSSPONSOREDde grey miningNatural gas prices skyrocketed by 40%,...Read More
(IDEX Online) - Grizzly Mining says its latest emerald auction raised $48.63m, a record high since the company was founded in 1997.The market for emeralds remains "extremely strong", it said, after a sealed-bid auction for its mid-high grade rough emeralds held in Dubai during the first week of August.Grizzly produces around 60m carats of emeralds and beryl a year from its 100 per cent-owned mine...Read More
The consortium aims to produce 45,000tpa of cathode active materials (CAM) for electric vehicles (EVs) for Ford, marking the automotive company's first investment in the province.Read More