News and Reports

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

Antofagasta drops copper guidance on desalination delay...

July 19, 2023 / www.mining-journal.com

"The delay to the completion of the desalination plant and concentrator expansion, and the reduced availability of water in the second half of 2023, has impacted expected copper production for theRead More

Tata confirms major UK battery plant

July 19, 2023 / www.mining-journal.com

Tata, the owner of Jaguar Land Rover, has confirmed that it will invest £4 billion in a new battery plant in Somerset, England, with the UK government expected to contribute additional subsidiesRead More

Indian Manufacturers Eye Opportunities in Brazil

July 19, 2023 / www.idexonline.com

(IDEX Online) - Indian diamond and jewelry manufacturers are to take part in a new trade event in Brazil aimed at strengthening ties between the two countries. The inaugural two-day BSM (Buyer Seller Meeting)  Brasil 2023, takes place in Sao Paulo in August.Among the exhibitors from India are UniDesign Jewellery, Hari Krishna Exports, Dharmanandan Diamonds, AuroStar Diamonds, Jewel Art b...Read More

Newmont cleared to buy Newcrest

July 19, 2023 / www.mining-journal.com

This is the latest in the regulatory approvals need for the acquisition to take place. The company said it expected the transaction to close in the fourth quarter of this year.Read More

Petra's FY2023 Revenue Down 44%

July 19, 2023 / www.idexonline.com

(IDEX Online) - Petra Diamonds reported a 44 per cent drop in revenue for FY2023 as recoveries and sales fell, especially among exceptional stones.The UK-based miner is closing its loss-making Koffiefontein mine, in South Africa, but says it's ahead of schedule to re-open Williamson, in Tanzania, after the breach of a tailings dam last October.It also reports operational turnarounds at its Cu...Read More

Vale ramps up production amid lower prices

July 19, 2023 / www.mining-journal.com

Nickel hit by planned maintenance Nickel production for the three months was 36,900t, which is up 8% year-on-year and down 10% quarter-on-quarter.Read More

Rio Tinto lowers copper guidance

July 19, 2023 / www.mining-journal.com

Mined copper for the June quarter and half was flat at 145,000 tonnes and 290,000t, respectively.Read More

India's Polished Exports Slide Again in June

July 19, 2023 / www.idexonline.com

(IDEX Online) - India's gross exports of polished diamonds slipped again in June, down 31.5 per cent on the same month last year, to $1.382bn.That's broadly in line with April's year-on-year decline of 33 per cent, but well down on May, which appeared to show some recovery with a more moderate fall of 17.5 per cent.Polished exports for April to June are down 29.3 per cent to $4.426b...Read More

NASA Cancels Plans to Visit $700 Quintillion Asteroid

July 19, 2023 / www.outsiderclub.com

In future space missions, brave men and women will embark on thrilling adventures to asteroids, seeking to mine the incredible wealth of materials they carry through the vastness of space. But even with the most recent technological advances today, space mining will likely remain uneconomical for decades to come.Image Credit: Deep Space IndustriesBack in 2014, NASA made a decision to take a closer...Read More

We're at War!

July 19, 2023 / dailyreckoning.com

I've been studying monetary economics for about 50 years. All of my research has led me to one conclusion we're going to see the collapse of the international monetary system.When I say that, I specifically mean a collapse in confidence in paper currencies around the world. It's not just the death of the dollar or the demise of the euro. It's a collapse of confidence in all paper currencies.Over...Read More

Vale ramps up production amid lower prices

July 19, 2023 / www.mining-journal.com

Navigating the ESG Compliance LandscapeSPONSOREDCatalyst to lock up Plutonic goldbeltSPONSOREDcatalyst metals ltdCollective Mining eyes repeat success in ColombiaSPONSOREDcollective mining Reunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpNickel hit by planned maintenance Nickel production for the three months was 36,900t, which is up 8% year-on-year and down 10% qu...Read More

Indonesian metals exports hit by new taxes

July 19, 2023 / www.mining-journal.com

Navigating the ESG Compliance LandscapeSPONSOREDCatalyst to lock up Plutonic goldbeltSPONSOREDcatalyst metals ltdCollective Mining eyes repeat success in ColombiaSPONSOREDcollective mining Reunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpThe move is being made "in order to encourage the completion of the construction of metal mineral refining facilities in the coun...Read More

Great King's Days Are Numbered

July 18, 2023 / dailyreckoning.com

As I've been warning my readers, the most significant development in international finance since 1971 will be unveiled just over one month from today.A new BRICS gold-linked currency will be announced on Aug. 22 at the BRICS Leader's Summit conference in Durban, South Africa (the BRICS are Brazil, Russia, India, China and South Africa).The fact is the global desire to move away from the dollar as...Read More

Syrah sold off as China increases synthetic graphite...

July 18, 2023 / www.mining-journal.com

Syrah is operating the Balama operation on a campaign basis as it waits for demand and pricing to pick up, while a slight delay at the 11,250t per annum active anode material (AAM) Vidalia operationRead More

Richemont Reports 14% Increase in Sales

July 18, 2023 / www.idexonline.com

(IDEX Online) - Richemont saw its Q1 sales climb by 14 per cent overall, driven by a 19 per cent increase at its Buccellati, Cartier and Van Cleef & Arpels jewelry maisons (excluding currency movements).The Swiss luxury conglomerate said yesterday that total sales in the three months to 30 June were $5.97bn (EUR 5.32bn).Total jewelry sales were $4.04bn (EUR 3.599bn). Sales of specialist watche...Read More

Will billionaire-backed London mining SPAC lift off?...

July 18, 2023 / www.mining-journal.com

Reunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpCollective Mining eyes repeat success in ColombiaSPONSOREDcollective mining Catalyst to lock up Plutonic goldbeltSPONSOREDcatalyst metals ltdNavigating the ESG Compliance LandscapeSPONSOREDCornerstone investors are the La Mancha Fund headed by gold mining tycoon Naguib Sawiris, Glencore and Stellantis - the trio have...Read More

Critical minerals dominate headlines

July 18, 2023 / www.mining-journal.com

Reunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpCollective Mining eyes repeat success in ColombiaSPONSOREDcollective mining Catalyst to lock up Plutonic goldbeltSPONSOREDcatalyst metals ltdNavigating the ESG Compliance LandscapeSPONSOREDAccording to a report released in June, the IEA said that global renewable capacity additions could reach 550 GW in 2024.Read More

Indiana wins arbitration case against Tanzania

July 18, 2023 / www.mining-journal.com

Reunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpCollective Mining eyes repeat success in ColombiaSPONSOREDcollective mining Catalyst to lock up Plutonic goldbeltSPONSOREDcatalyst metals ltdNavigating the ESG Compliance LandscapeSPONSOREDThe decision by the International Centre for Settlement of Investment Disputes is a major win for the Bronwyn Barnes-chaired Indi...Read More

Chinese stimulus could come to the rescue of battered...

July 18, 2023 / www.mining-journal.com

Reunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpCollective Mining eyes repeat success in ColombiaSPONSOREDcollective mining Catalyst to lock up Plutonic goldbeltSPONSOREDcatalyst metals ltdNavigating the ESG Compliance LandscapeSPONSOREDThe latest Chinese GDP figures show 5.5% growth over the last year, behind analyst expectations for growth of 6.1%. Growth over t...Read More

Allkem achieve stage two lithium carbonate production...

July 18, 2023 / www.mining-journal.com

The Olaroz stage 2 development has a nameplate capacity of 25,000tpa of technical grade lithium carbonate.Read More

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