News and Reports

Surat Diamond Workers Protest for Pay Increase

June 25, 2023 / www.idexonline.com

(IDEX Online) - Hundreds of diamond workers from a manufacturing unit in Surat, India, have again protested over their demands for a pay increase and improved working conditions.Between 300 and 500 of the factory's 2,000 workers, supported by the Diamond Workers Union Gujarat (DWUG), protested in a dharana - sit-in - outside the Surat district collector's office yesterday.They claim Laxm...Read More

The Fed's "One Weird Trick"

June 24, 2023 / dailyreckoning.com

The U.S. economy has been saved time and again over the past two decades by this one weird trick:“Bringing Demand Forward” by lowering interest rates and lending standards so Americans could continue to buy stuff they didn’t really need because the monthly payment dropped as interest rates were pushed toward zero.Every time the economy faltered, the Federal Reserve would push int...Read More

The Red Phone Is Ringing off the Hook and That's a Problem

June 23, 2023 / www.outsiderclub.com

In my last appearance on the Angel Investment Research podcast, Jason Freiert and I talked about our collective short-term memory.Specifically, I mentioned the Chinese spy balloon incident, which took place in February but which most people have already forgotten about.Well, the Pentagon hasn't forgotten.In fact, President Biden just brought it up again at a fundraiser earlier this week."The reaso...Read More

Fitch trims copper price forecast

June 23, 2023 / www.mining-journal.com

The ratings agency trimmed its copper price forecast for 2023 to US$8,600/t, from 8,800/t. Fitch said the cut reflected "weaker year-to-date pricing due to softer economic sentiment".Read More

Iron ore makes do with China stimulus mirage

June 23, 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 LandscapeSPONSOREDIron ore prices are riding high, lifted by possible stimulus in China for the still-struggling property sector and oth...Read More

A mine for the vehicles of today and tomorrow

June 23, 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 metalsThat was the first reaction to the circulation last week of a research note by UBS into one of Australia's hottest exp...Read More

Rio's A$1bn Australian spending spree

June 23, 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 metalsRio estimates of the $1 billion awarded, $618 million was spent with Pilbara-based businesses and a record $504 millio...Read More

Atlanta could be Nevada's next big gold buyout

June 23, 2023 / www.mining-journal.com

In June alone, the company released 51.8m grading 1.79gpt and 102.2m grading 2.Read More

How Fascism Came to America

June 23, 2023 / dailyreckoning.com

"The American system of government is in jeopardy if we don't do something about it."This is the constant moan, the constant bellyaching issuing from various shades of the political spectrum.The moaning and bellyaching of the right side of the political divide intensifies when the left side of the political divide runs things and vice versa.But perhaps they are both mistaken. Perhaps the America...Read More

Solis Minerals commences drilling at Jaguar lithium project, Brazil

June 23, 2023 / www.canadianinvestor.com

Share this articleVANCOUVER - Solis Minerals Ltd.'s [SLMN-TSXV; SLMFF-OTC; SLM-ASX; 08W-FSE] drill rig has been mobilized and has commenced the company's maiden drilling program at the flagship Jaguar lithium project, Brazil. Drilling commenced on June 22, 22 days after signing of the option agreement over the Jaguar project.Executive director Matt Boyes commented: "We are delighted to announce th...Read More

Corporatism Has Replaced Liberalism

June 23, 2023 / dailyreckoning.com

It's not capitalism. It's not socialism. The new word we are hearing these days is the right word: corporatism.That refers to the merger of industry and state into a unit with the purpose of achieving some grand visionary end, the liberty of individuals be damned. The word itself predates its successor, which is fascism.But the "F" word has become totally incomprehensible and useless through misus...Read More

Rio's A$1bn Australian spending spree

June 23, 2023 / www.mining-journal.com

Rio estimates of the $1 billion awarded, $618 million was spent with Pilbara-based businesses and a record $504 million was spent with Indigenous businesses.Read More

LME nickel actions were effectively a Tsingshan bailout, court hears

June 22, 2023 / www.mining-journal.com

The hedge fund Elliott Associates, and the trader and market maker Jane Street Global, are suing the LME over cancelled nickel trades, seeking a combined $472 million in damages The LME closed theRead More

Northern Star to expand iconic Australian gold mine...

June 22, 2023 / www.mining-journal.com

Wanted: new mining jurisdictions to help achieve net-zeroSPONSOREDsaudi ministry of industry and mineral resourcesSaturn works dual-focus opportunitySPONSOREDsaturn metalsNova retains laser focus on qualitySPONSOREDnova royaltyVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesThe mill expansion will take processing capacity from the current rate of 13 million tonnes p...Read More

Novo attracts De Grey as partner and shareholder

June 22, 2023 / www.mining-journal.com

In return for spending at least $25 million on exploration over the next four years, De Grey will earn a 50% interest in Novo's 1034sq.km Egina project that sits along trend from De Grey's 11.Read More

China offers $72B tax break to spur EV sales

June 22, 2023 / www.mining-journal.com

Wanted: new mining jurisdictions to help achieve net-zeroSPONSOREDsaudi ministry of industry and mineral resourcesSaturn works dual-focus opportunitySPONSOREDsaturn metalsNova retains laser focus on qualitySPONSOREDnova royaltyVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesThe preferential purchase tax policy for new energy vehicles is being extended to the end of...Read More

LME nickel actions were effectively a Tsingshan bailout,...

June 22, 2023 / www.mining-journal.com

Wanted: new mining jurisdictions to help achieve net-zeroSPONSOREDsaudi ministry of industry and mineral resourcesSaturn works dual-focus opportunitySPONSOREDsaturn metalsNova retains laser focus on qualitySPONSOREDnova royaltyVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesThe hedge fund Elliott Associates, and the trader and market maker Jane Street Global, are su...Read More

Australia could be big critical mineral player in Indo-Pacific...

June 22, 2023 / www.mining-journal.com

Wanted: new mining jurisdictions to help achieve net-zeroSPONSOREDsaudi ministry of industry and mineral resourcesSaturn works dual-focus opportunitySPONSOREDsaturn metalsNova retains laser focus on qualitySPONSOREDnova royaltyVanadium Resources eyes 180-year mine in South AfricaSPONSOREDvanadium resourcesThe Perth USAsia Centre at the University of Western Australia has published the first in a s...Read More

Ruby Market "Firing on all Cylinders" says Gemfields

June 22, 2023 / www.idexonline.com

(IDEX Online) - Gemfields yesterday reported a 17 per cent increase in revenue at its latest auction of rubies, amid what it described as a "significant rebound in market prices".The UK-based colored gems miner sold $80.4m of mixed-quality rough at a series of online and physical auctions in Bangkok earlier this month, up from $66.8m last December."The ruby market is clearly firing on all 12 cylin...Read More

Pharrell's Second Pair of Diamond Sunglasses

June 22, 2023 / www.idexonline.com

(IDEX Online) - US rapper Pharrell Williams has been showing off his SECOND pair of Tiffany & Co diamond-encrusted sunglasses.The 50-year-old multiple Grammy Award wore his first custom made pair - an almond-shaped frame with two emeralds and 61 round diamonds, weighing more than 25 carats - at Paris Fashion Week last January.At the time he joked: "Tiffany and I are engaged," and said the sung...Read More

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