News and Reports

Mountain Province Q2 Sales Down 40%

July 18, 2023 / www.idexonline.com

(IDEX Online) - Mountain Province Diamonds reported a 40 per cent drop in Q2 rough sales, down from $74.5m to $44.6m.It said the figures were skewed because it held three sales in the previous quarter, rather the normal two.The number of carats sold from its Gahcho Kue mine, in Northwest Territories, Canada, was down 38.5 per cent, from 586,567 in Q2 2022 to 360,308. Average per carat price slippe...Read 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

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

Cathie's Revenge: Tech Trades Bust Loose

July 18, 2023 / dailyreckoning.com

Despite key missteps and throngs of disillusioned shareholders, Cathie Wood's infamous ARK Innovation ETF (ARKK) has posted a significant comeback this year as its beaten-down components begin to post massive base breakouts.But will Cathie's army of innovation investors reap the benefits?Probably not.As ARKK rallies, investors are taking the opportunity to flee the fund, declares The Wall Street J...Read More

Chinese stimulus could come to the rescue of battered commodity markets

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

The latest Chinese GDP figures show 5.5% growth over the last year, behind analyst expectations for growth of 6.1%. Growth over the last quarter was just 0.8%, or 3.2% annualised.Read More

The Most Important Election Ever?

July 17, 2023 / dailyreckoning.com

This is a financial newsletter and not a political service. At the same time, it's the case that the financial and political worlds are becoming more closely entwined to the point that it's almost impossible to treat them separately.That's why we have to keep a close eye on political developments. They can have a major impact on your investments.For better or worse, the U.S. 2024 presidential elec...Read More

Phillips Launches Geneva Jewelry Auctions with Art Deco Collection

July 17, 2023 / www.idexonline.com

(IDEX Online) - Phillips Geneva, known for its luxury watch auctions, is to hold its first jewelry sale in November. The British auction house says it's building on the success of its jewelry departments in New York, London and Hong Kong, where it achieved historic annual sales totals in 2021 and 2022.The inaugural Geneva auction, on 6 November will feature a private collection of over 1...Read More

Delays Add $136m to Cost of Karowe Underground Expansion

July 17, 2023 / www.idexonline.com

(IDEX Online) - Lucara says the underground expansion plan at its Karowe diamond mine, in Botswana, will take longer and cost more because of technical problems.In an update issued yesterday, the Canadian miner said it now expects the project to cost $683m, an increase of 25 per cent on the original $547m estimate.Production from the underground project is now expected to start in the first half o...Read More

Beach Couple Reunited with Engagement Ring

July 17, 2023 / www.idexonline.com

(IDEX Online) - Police officers patrolling a beach came to the rescue after a man lost the engagement ring he was about to present to his girlfriend.It fell out of his pocket at Myrtle Beach, South Carolina, USA, as he prepared to get down on one knee and pop the question.The unnamed man flagged down a passing police officer, who called in colleagues, including a police dog, to help search the san...Read More

Gold and Diamond Conference on Luxury and Responsibility

July 17, 2023 / www.idexonline.com

(IDEX Online) - The 13th international conference on gold and diamonds is being held by Initiatives in Art and Culture (IAC) in New York.The two-and-a-half day event focuses on maintaining purpose - what constitutes luxury in an age of responsible practice.Industry leaders, jewelers and innovators will discuss issues around sustainability and the realization...Read More

China's slow growth worries miners

July 17, 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 corpBefore COVID-19 slowed global growth to a crawl, and sent it into reverse in some countries, China was the world's engine room, s...Read More

Rainbow signs deal with Mosaic on Brazil collaboration...

July 17, 2023 / www.mining-journal.com

Rainbow said the memorandum of understanding sets out a potential collaboration to jointly develop a process to extract rare earth elements from phosphogypsum tailings, ahead of a preliminary economicRead More

JSW throws its hat into the ring for Teck coal

July 17, 2023 / www.mining-journal.com

According to reports in Blomberg News, citing sources close to the matter, JSW is considering a bid for up to 20% of Teck's steelmaking coal business.Read More

Ma'aden makes $800 million phosphate prepayment

July 17, 2023 / www.mining-journal.com

"The early repayment, representing approximately 7% of Ma'aden's consolidated debt, is a strategic move aimed at reducing finance costs and is part of the company's deleveraging strategy," Ma'adenRead More

Weak nickel conditions bite for Aussie developers

July 17, 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 LandscapeSPONSOREDAlong with a forecast A$880-980 million impairment on last year's $1.Read More

Ma'aden makes $800 million phosphate prepayment

July 17, 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 corp"The early repayment, representing approximately 7% of Ma'aden's consolidated debt, is a strategic move aimed at reducing finance...Read More

Rio Tinto invests in rutile developer

July 17, 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 global mining major, which is a mineral sands producer in South Africa and Canada, is paying 48.6c per share for the stake, a...Read More

JSW throws its hat into the ring for Teck coal

July 17, 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 corpAccording to reports in Blomberg News, citing sources close to the matter, JSW is considering a bid for up to 20% of Teck's steel...Read More

Artemis Gold provide wildfire update

July 17, 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 company said mine site infrastructure at its gold mine remains intact, including the construction camp, process plant ar...Read More

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