News and Reports

Global Luxury Could Grow by 12% This Year, says Bain

June 28, 2023 / www.idexonline.com

(IDEX Online) - The global luxury market could increase by as much as 12 per cent this year, if China bounces back from lockdowns and there's sustained growth in Europe and the Americas.Even if there's a general slowdown, and a more sluggish recovery in China, sales should be at least five per cent up on 2022, according to a joint report by business consultants Bain, & Co and the Ita...Read More

Malabar Opens London Store, its First in Europe

June 28, 2023 / www.idexonline.com

(IDEX Online) - Malabar, the Indian jewelry retailer with over 300 outlets, has opened its first European store, in London.The company, founded in 1993, has expanded to the Middle East, the Far East, and the United States. It now has an annual revenue of $5.2bn and is the world's sixth-largest jewelry retailer.The company's chairman M.P Ahammed, said: "We are one step closer to our...Read More

US Sanctions Gold and Diamond Companies Linked to Wagner Mercenaries

June 28, 2023 / www.idexonline.com

(IDEX Online) - The US yesterday (Tuesday 27 June) announced new sanctions on gold and diamond companies which, it says, fund Russia's Wagner Group of mercenaries.The Wagner Group, which has been fighting alongside Russian troops in Ukraine, was behind the failed mutiny against President Vladimir Putin over the weekend.The Department of the Treasury's Office of Foreign Assets Control (OF...Read More

Ghana needs to break the log-jam on registering ASM miners, experts say

June 28, 2023 / www.mining-journal.com

At peak times, artisanal and small-scale mining (ASM) is estimated to employ over a million people in Ghana. The small-scale miners are known as galamsey.Read More

The Truth About #SilverSqueeze

June 28, 2023 / www.outsiderclub.com

Price manipulation has been a big deal in the silver market for a long time.This goes back to the late 1970s and early 1980s when the Hunt brothers supposedly bought a massive amount of silver about 35 million ounces worth over US$1 billion.They went all-in buying physical silver and silver futures and even took delivery on the futures contracts instead of settling for cash.As the Hunt brothers...Read More

Court Allows Mehta Family to Spend $30,000 a Week

June 28, 2023 / www.idexonline.com

(IDEX Online) - Fugitive Indian diamond merchant Jatin Mehta and his family are allowed to spend over $30,000 a week on living expenses, despite a worldwide freezing order (WFO) on their $932m assets.Details of the spending limits set by the British court are revealed in an investigation by the Indian news and economy website Moneycontrol. It says a court order in March of this year, allows J...Read More

"Stop the Pro-Russia Propaganda!"

June 28, 2023 / dailyreckoning.com

"Stop the pro-Russia propaganda please, Jim!"That is the earnest plea of reader John W.This John wrote in response to yesterday's reckoning about the Ukrainian situation.In it Jim Rickards drew a sketch unflattering to the Ukrainian image.Jim even suggested that the fellows in Kyiv may execute a "false flag" assault upon the Zaporizhzhia nuclear power plant in Ukraine's Kherson region.They would p...Read More

Ghana needs to break the log-jam on registering ASM...

June 28, 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 metalsAt peak times, artisanal and small-scale mining (ASM) is estimated to employ over a million people in Ghana. The small...Read More

What China's lithium foray in Bolivia really means...

June 27, 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 metalsIt's a reminder, if one was needed, of the shortcomings of the big western miners in recent years.Read More

"$220,000 Purchase History to Buy $109,000 Patek Philippe"

June 27, 2023 / www.idexonline.com

(IDEX Online) - A watch enthusiast is taking legal action against high-end jeweler Shreve and Co, alleging the company forced him to build him up a $220,000 "purchase history" to buy the Patek Philippe he actually wanted.In court documents seen by SiliconValley.com Ali Rezaei claims Shreve, in San Francisco,  USA, strung him along, knowing that it would, in fact, never be able to supply the w...Read More

Christie's Auctions King's "Recovery from Illness" Medallion

June 27, 2023 / www.idexonline.com

(IDEX Online) - A rare diamond, ruby and emerald medallion, dating back to 1789, is to be auctioned by Christie's London.It's one of several that were commissioned by Britain's Queen Charlotte as a gift to close friends, to mark the recovery of her husband King George III from what was subsequently diagnosed as life-threatening porphyria.The medallion being sold was later converted...Read More

Should Wife Sell Engagement Ring to Pay Debts?

June 27, 2023 / www.idexonline.com

(IDEX Online) - Is it OK to sell your diamond engagement ring to pay off mounting debts?A US couple shared their dilemma with The Moneyist, the personal finance section of the MarketWatch website.The (unnamed) wife wanted to know if her husband of six years was asking too much when he suggested selling off her $14,000 ring.He was laid off from his high-paying job with a software company several mo...Read More

High dividends, ESG, and MiFID all hurt London mining investment

June 27, 2023 / www.mining-journal.com

"The UK is falling behind despite the history of mining" Brian Menell, chief executive of TechMet told the conference, at a panel on critical minerals investing.Read More

Appian invests in Namibia zinc asset

June 27, 2023 / www.mining-journal.com

The latest investment, which sees Appian owning a 90% interest in the Rosh Pinah mine, will see the company restart the historic resource and double the throughput to 1.3Mt pa, it said.Read More

Golden Arrow drills 0.49% copper over 19.86 metres at San Pietro, Chile

June 27, 2023 / www.canadianinvestor.com

Share this article VANCOUVER - Golden Arrow Resources Corp. [GRG-TSXV; GARWF-OTCQB; G6A-FSE] reported additional results from the phase 1 diamond drilling program at the company's flagship San Pietro iron-copper-gold-cobalt project in Chile, including one hole from each of the Mariposa and Rodeo exploration prospects.Brian McEwen, vice-president of exploration and development, commented: "With the...Read More

Appian invests in Namibia zinc asset

June 27, 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 latest investment, which sees Appian owning a 90% interest in the Rosh Pinah mine, will see the company restart th...Read More

Pebble mine deadline extended to the end of this week...

June 27, 2023 / www.mining-journal.com

The deadline is now June 29. The USACE in May remanded the permit decision for the Pebble project back to the Alaska district to re-evaluate the permitting process for the mine.Read More

Centamin release PFS for Doropo, shows 10 year life...

June 27, 2023 / www.mining-journal.com

Navigating the ESG Compliance LandscapeSPONSOREDReunion aims to put Guyana back on the map with Oko WestSPONSOREDreunion gold corpSaturn works dual-focus opportunitySPONSOREDsaturn metalsCopper Search starts drilling high-priority IOCG targets at PeakeSPONSOREDcopper search limitedThe PFS detailed a mineral reserve estimate of 1.87Moz of probable mineral reserves, at an average grade of 1.44 gpt,...Read More

Rohitesh Dhawan tells World Mining Congress: Be the...

June 27, 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 metalsInternational Council on Mining & Metals president and chief executive Rohitesh Dhawan has a reputation as a story...Read More

High dividends, ESG, and MiFID all hurt London mining...

June 27, 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 metals "The UK is falling behind despite the history of mining" Brian Menell, chief executive of TechMet told the conference...Read More

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