Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The world's biggest mining companies must improve their human rights record and step up efforts to curb environmental damage, the Responsible Mining Foundation said in its first review of global mining practices.The Responsible Mining Index, launched in Geneva on Wednesday, assesses the policies and practices of 30 large companies that produce 25 percent of mined commodities, from gold to copper a...Read More
The golden cross doesn't shine as bright as some quants may expectAny basic stock charting software comes with some standard technical analysis indicators including the RSI, MACD, moving averages, etc. I rarely see anyone try to measure their results, though. Which one works best? This week I'm going to try to answer that question. I've done this study in the past, but environments change, and ind...Read More
(Bloomberg) -- Aluminum headed for the highest close since January, extending its hottest three-day streak since 2009, after top exchanges said they’ll stop accepting metal from United Co. Rusal (HK:0486), deepening supply fears after the U.S. slapped sanctions on the Russian group.The metal advanced 1.4 percent to $2,231 a metric ton on the London Metal Exchange by 2:56 p.m. in Shanghai. Th...Read More
The company said all-round improvements got it to 40,452 ounces of gold at the Yaramoko underground mine in the March quarter, 13.6% higher than the first quarter of 2017 and a similar jump on the December quarter.Read More
Francois Martelet, chief executive of Netscientific PLC (LON:NCSI), caught up with Proactive's Andrew Scott following the close of their ?5mln fundraise.Netscientific has a core portfolio of five companies and will use the additional funding to accelerate either the float or sale of one or more of these. Meet 360 Blockchain Inc and Alterola Biotech, Inc at our event,New York, 18 April 2018....Read More
RAPAPORT... Swiss-based luxury jeweler De Grisogonoplans to cut up to 41 positions after a challenging high-end market resulted inpoor sales."Despite considerable investments and allthe efforts of employees, [salesof high jewelry] have not reached anticipated levels,due in part to challenging conditions in some key markets," the company said ina statement Monday. "As a consequence, the company's i...Read More
SHANGHAI, Apr 11 (SMM) – This is a roundup of global macroeconomic news last night and what is expected today.Last nightDespite potential lower tariffs indicated by Chinese President Xi Jinping, the US dollar edged down 0.23 to 89.6 overnight while the euro gained. Base metals rose across the board except for tin. LME aluminium climbed 3.7% to a record high in two months, driven by US s...Read More
A new report issued by Rapaport reveals that diamond prices stabilized in March."The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds slid 0.1% in March. RAPI for 0.30-carat stones went up 0.4%, while RAPI for 0.50-carat grew 1.1%. RAPI for 3-carat diamonds declined 0.4% during the month. RAPI for 1-carat stones rose 2.8% during the first quarter," the document reads.The RAPI is the average as...Read More
(IDEX Online) - AGS Laboratories said it is offering laser inscription removal and recutting services via Advanced Diamonds, a Las Vegas diamond cutting service. "AGS Laboratories saw a need to establish a professional relationship with a well-respected diamond cutter with a local presence," said Jason Quick, Laboratory Director of AGS Laboratories. "This service will further support our c...Read More
The Robert Friedland-led company rose 8.81% yesterday to C$2.84 as it announced former South African president Kgalema Motlanthe had joined its board of directors."Mr Motlanthe is widely recognised as one of the African continent's wise men," Friedland said.He said Mr Motlanthe's commitment to securing tangible benefits for communities complemented Ivanhoe's dedication to delivering shared benefit...Read More
VANCOUVER (miningweekly.com) – Overwhelming majorities of Mountain Province Diamonds and Kennady Diamonds shareholders have approved the proposed merger of the companies.TSX- and Nasdaq-listed Mountain Province said that about 93% of the shareholders present in person or represented by proxy at the shareholder meeting on Monday and about 90% of all minority shareholders of the company presen...Read More
(Adds comments from Vedanta, background, shares)April 11 (Reuters) - Vedanta Resources Plc VED.L said on Wednesday its plans for capacity expansion at the Thootukudi copper smelting plant in southern India were on track, a day after its application to renew operations was rejected by the state pollution regulator.Billionaire Anil Agarwal-controlled Vedanta said on Tuesday its application for ren...Read More
Gervaise Heddle, chief executive of Greatland Gold plc (LON:GGP), tells Proactive Investors they're ready to advance the Firetower project in Tasmania towards an exploration target of 1mln ounces of gold.It comes after a technical review of the project highlighted potential for a geophysical programme (using induced polarisation) to assist in outlining gold mineralisation in areas untested by prev...Read More
RAPAPORT... De Beers has launchedthree new retail locations in Russia and Saudi Arabia for its De Beers DiamondJewellers chain. The company has openedone chain in Riyadh, its first Saudi Arabia location, at the Centria Mall, inpartnership with Saudi Jawahir Trading Company. The jeweler has alsoinaugurated two new stores on Petrovka Street and in the Vremena Goda mall inMoscow, for which...Read More
European mills producing hollow sections are unhappy with current pricing and intend to issue higher offer prices over the next few weeks, market sources told Metal Bulletin on Wednesday April 11."The development of tube prices does not match that of flat steel," one Southern European producer said."None of the pipemakers are happy with the current situation. They're all confronted with higher coi...Read More
SHANGHAI, Apr 11 (SMM) – Spot copper in the Shanghai market was offered between a discount of 10 yuan/mt and a premium of 40 yuan/mt on the morning of Wednesday April 11, SMM learned. This compared with premiums of 50-90 yuan/mt on the morning of April 10. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our rese...Read More
The world's biggest mining companies must improve their human rights record and step up efforts to curb environmental damage, the Responsible Mining Foundation said in its first review of global mining practices.The Responsible Mining Index, launched in Geneva on Wednesday, assesses the policies and practices of 30 large companies that produce 25 percent of mined commodities, from gold to copper a...Read More
WASHINGTON/BEIRUT (Reuters) - U.S. President Donald Trump warned Russia on Wednesday of imminent military action in Syria over a suspected poison gas attack, declaring that missiles “will be coming” and lambasting Moscow for standing by Syrian President Bashar Assad.Trump was responding to a Russian warning on Tuesday that any U.S. missiles fired at Syria over the assault on a rebel en...Read More
"Search volumes on Google for keywords related to precious metals are down on average about two-thirds over the last 14 years," the CEO of bullion trader Sharps Pixley said this week."In short, gold is struggling to find friends."He said the gold market was small but mighty yet was "off the radar" for many journalists, and echoed Oscar Wilde's words that the only thing worse than being talked abou...Read More