Gold has long been considered a safe haven and a store of value during times of economic uncertainty. In recent years, as the global economy has been grappling with the delicate balance between inflation and interest rates, gold has found itself in a sweet spot, offering investors a hedge against both rising inflation and increasing…
Gold prices rose on Friday following the release of mixed signals from the latest U.S. jobs data. The U.S. Labor Department reported that nonfarm payrolls rose by 245,000 in December, beating expectations of a gain of 164,000. However, the unemployment rate rose to 6.7% from 6.7%, and average hourly earnings fell 0.1%. The mixed signals…
The mining industry in British Columbia has a long and storied history, one which has been intertwined with the development of the province itself. From the discovery of gold in the Cariboo region in the late 19th century, to the emergence of copper and coal mining in the 20th century, mining has been an integral…
Lithium miners in China have resumed operations after a government investigation into the industry found no evidence of price fixing or other illegal activities. The investigation, which was launched in August, was prompted by complaints from some of China’s biggest lithium producers that the industry was being manipulated by a few large players. The Chinese…
Rio Tinto has awarded Civmec, an Australian engineering and construction firm, with a contract worth over $228 million (AUD) for work on the Western Range iron ore project in the Pilbara region of Western Australia. The contract covers the construction of process facilities, non-process infrastructure, and associated works. The Western Range project is part of…
The competition for mined copper resources is anticipated to increase, posing a challenge to Chinese firms responsible for half of the world’s refined copper production. Despite significant output cuts affecting the metal market, it is unlikely that these cuts will be substantial. Chinese copper producers, primarily state-owned, face pressure to uphold or elevate production targets…
In the annals of exploration, there have been discoveries that changed the course of history, and then there were discoveries that changed the course of comedy. Such was the case when a band of intrepid explorers stumbled upon a diamond the size of a football in the depths of a cave that GPS had yet…
Lithium Americas Corp. (TSX:LAC) (NYSE:LAC) is expanding the resource at its Thacker Pass lithium project in Nevada, USA, and is awaiting a final permit decision from the state of Nevada. The company announced that it has completed a preliminary economic assessment (PEA) for the project, which shows that the Thacker Pass project has the potential…
Global Lithium Corporation (GLC) is pleased to announce that its Manna lithium deposit in Australia is expanding. The company recently completed a successful drilling program that has extended the known mineralization of the deposit. The Manna lithium deposit is located in western New South Wales, Australia, and is one of the largest known lithium deposits…
DiamondCorp Plc, a London-based diamond mining company, saw its shares surge today following news that it had secured funding for its Lace mine in South Africa. The news sent the company’s stock up nearly 10 percent in early trading, as investors responded positively to the news. The Lace mine, located in the Free State province…