News and Reports

One in 10 Luxury Watches are Fake, says Watchfinder CEO

July 05, 2023 / www.idexonline.com

(IDEX Online) -  As many as one in 10 luxury watches are fakes, says Arjen van de Vall, CEO of Watchfinder, the UK's largest seller of second-hand timepieces.He says it's getting harder and harder, even for his experts, to tell the difference."We have a check list when our watchmakers see a watch. In the old days, around 20 per cent of watches would require further inspection to und...Read More

De Beers: After Botswana Deal, Namibia Could Seek Bigger Share

July 05, 2023 / www.idexonline.com

(IDEX Online) - The government of Namibia could seek an increased share in its sales agreement with De Beers, after the mining giant agreed a phased move to a 50/50 split with Botswana.Namdia, the state-owned diamond company currently receives 15 per cent of the diamonds produced by Namdeb, the 50/50 joint venture between the government and De Beers.The 10-year agreement expires in May 2026. Namib...Read More

Aussie government: Lithium and copper to get a reality check next year

July 05, 2023 / www.mining-journal.com

The latest Resources and Energy quarterly, put out by Australia's Department of Industry, Science and Resources, sees growing supply weighing on many commodities, not helped by a sluggish outlook forRead More

Smelting activity contracts in June

July 05, 2023 / www.mining-journal.com

SAVANT publishes a monthly activity dispersion index, which is a measure of capacity-weighted levels at smelter sites - and an inactive capacity index, which is more binary observations of whether aRead More

"Adios!"

July 05, 2023 / dailyreckoning.com

"Adios!" says reader James H.James is loading his luggage... and taking his leave of us. Why?Explains James:The “commentary” you circulated [yesterday] on Independence Day, by Mr. North, was and is a slap in the face of every true American. I’m canceling my link to your site.James of course refers to yesterday's reckoning, "Was the American Revolution a Mistake?"It was authored b...Read More

BMI cuts price forecast for copper, nickel, and iron ore

July 04, 2023 / www.mining-journal.com

BMI forecast the 2023 average copper price at US$8,800/t, from $9,000/t forecast previously. Copper is currently trading in London at around $8,400/t.Read More

F3 Uranium drills high-grade uranium at Patterson Lake North, Saskatchewan

July 04, 2023 / www.canadianinvestor.com

Share this article VANCOUVER - F3 Uranium Corp. [FUU-TSXV; FUUFF-OTCQB] reported scintillometre results from the initial eight holes of the continuing 30-hole summer drill program at the JR zone on the 100%-owned Patterson Lake North (PLN) property, Athabasca basin, northern Saskatchewan, including four high-grade intercepts.Drill hole PLN23-068 tested for mineralization 22 metres up dip of the hi...Read More

Vale suspends disposal of tailings in Viga dam

July 04, 2023 / www.mining-journal.com

Navigating the ESG Compliance LandscapeSPONSOREDReunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpCopper Search starts drilling high-priority IOCG targets at PeakeSPONSOREDcopper search limitedSaturn works dual-focus opportunitySPONSOREDsaturn metalsViga has the capacity to produce 4Mt of iron ore. The company did not disclose what the impact of the suspension...Read More

NickelX packing its bags for Europe with Czech venture...

July 04, 2023 / www.mining-journal.com

Saturn works dual-focus opportunitySPONSOREDsaturn metalsCopper Search starts drilling high-priority IOCG targets at PeakeSPONSOREDcopper search limitedReunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpNavigating the ESG Compliance LandscapeSPONSOREDBase metal mineralisation was identified at Ransko mid-last century while Otov features 17 reported pegmatites and an...Read More

Epsilon Advanced Material promises $650million to US...

July 04, 2023 / www.mining-journal.com

The facility will provide enough critical battery materials to power one million EVs, the company said.Read More

BMI cuts price forecast for copper, nickel, and iron...

July 04, 2023 / www.mining-journal.com

Navigating the ESG Compliance LandscapeSPONSOREDReunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpCopper Search starts drilling high-priority IOCG targets at PeakeSPONSOREDcopper search limitedSaturn works dual-focus opportunitySPONSOREDsaturn metalsBMI forecast the 2023 average copper price at US$8,800/t, from $9,000/t forecast previously. Copper is currently tradi...Read More

Apple, Tiffany backing mine regenerator

July 04, 2023 / www.mining-journal.com

Saturn works dual-focus opportunitySPONSOREDsaturn metalsCopper Search starts drilling high-priority IOCG targets at PeakeSPONSOREDcopper search limitedReunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpNavigating the ESG Compliance LandscapeSPONSOREDRegeneration Enterprises is the brainchild of Stephen D'Esposito.Read More

How to fix mining's image problem

July 04, 2023 / www.mining-journal.com

Navigating the ESG Compliance LandscapeSPONSOREDReunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpCopper Search starts drilling high-priority IOCG targets at PeakeSPONSOREDcopper search limitedSaturn works dual-focus opportunitySPONSOREDsaturn metalsBut mining's poor image, reinforced by recent tailings dam disasters in Latin America, is widespread among young peopl...Read More

IDEX Polished Price Index: June hit by Steepest Monthly Drop of Current Decline

July 04, 2023 / www.idexonline.com

(IDEX Online) - Polished diamond prices were down yet again during June, as the Index suffered its biggest monthly loss - 3.04 per cent - since the current decline began last March.That's significantly worse than last month, when the Index fell by 1.27 per cent. It was down 1.47 per cent in April and 0.98 per cent in March. The slide during June was marked by a steep decline in the middle of...Read More

US Watch and Jewelry Sales Show Some Signs of Recovery in May

July 04, 2023 / www.idexonline.com

(IDEX Online) - US watch and jewelry sales picked up a little during May. They were still down year-on-year - but showed some improvement on April, which was in turn better than March, which suffered the biggest fall since the pandemic.Sales during May were down 4.8 per cent on the same month last year, compared with a year-on-year drop of 7.2 per cent in April (revised from last month's 7.1...Read More

The American Revolution vs. the French Revolution

July 03, 2023 / dailyreckoning.com

The setting: Beijing, 1971. The characters: United States National Security Advisor Hank Kissinger and Chinese Premier Zhou Enlai.They are discussing diplomacy.At one point a pause broke their conversation. Mr. Kissinger then solicited his host's estimate of the French Revolution's impact upon the world."Too early to say," came the response.Premier Zhou was likely referring to the 1968 student agi...Read More

Industry puts its head together to solve the talent issue

July 03, 2023 / www.mining-journal.com

Information extracted from PwC'S 2023 Mine report meanwhile showed that 70% of young (Canadian) people polled would definitely/probably not consider a career in mining, with 67% answering the same forRead More

Glencore tightens grip on PolyMet, including the Teck...

July 03, 2023 / www.mining-journal.com

The Swiss mining major, with already holds some 82% of PolyMet, is bidding for the remaining shares at $2.11/share, or about $71 million in total.Read More

China's factory activity continues to limp along

July 03, 2023 / www.mining-journal.com

Saturn works dual-focus opportunitySPONSOREDsaturn metalsCopper Search starts drilling high-priority IOCG targets at PeakeSPONSOREDcopper search limitedReunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpNavigating the ESG Compliance LandscapeSPONSOREDThe country's official manufacturing purchasing managers' index (PMI) fell for a third consecutive month, remaining be...Read More

Gem Diamonds Recovers Second +100-ct Stone This Year

July 03, 2023 / www.idexonline.com

(IDEX Online) - Gem Diamonds has recovered its second +100-ct diamond of the year at its Letseng mine, in Lesotho.The UK-based miner described it as "an impressive 163.91-carat yellow diamond".But it will be hoping for more. Recoveries of large diamonds last year were below average - four +100-cts compared with an average since 2008 of eight per year.So far it has recovered two this year. In March...Read More

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