News and Reports

NUM rejects Gold Fields offer

December 03, 2018 / www.mining-journal.com

The industrial action in protest of retrenchments at the operation has been ongoing for four weeks, with Gold Fields offering increased severance payments and better portable skills training opportunities for retrenched employees as part of a potential settlement.It also offered to extend the period over which wages lost by striking employees would be forfeited.The offer, which was developed in co...Read More

Diamonds and Gemstones on Agenda of Guangzhou Jewelry & Diamond Conference

December 03, 2018 / www.idexonline.com

(IDEX Online) - The International Jewelry & Diamond Conference (Guangzhou) 2018 organized by Guangzhou Diamond Exchange and Guangdong Gems & Jade Exchange and co-organized by the Antwerp World Diamond Centre (AWDC) was held last week.   More than 600 delegates from Brazil, Thailand, India, the U.S., Ukraine, Senegal, Belgium, Britain, the Netherlands, Lebanon, Canada, Singapore, Bots...Read More

53M Americans to Buy Diamonds From Thanksgiving to Valentine's Day

December 03, 2018 / www.idexonline.com

(IDEX Online) - A survey released by the Diamond Producers Association (DPA) and KRC Research found that over 53 million Americans (21%) plan to purchase a diamond between Thanksgiving and Valentine's Day, with men and millennials most likely to purchase them.   Of those who plan to buy a diamond, more than 20 million plan to buy a diamond engagement ring.   The survey confirmed that the...Read More

Gunnison construction go-ahead

December 03, 2018 / www.mining-journal.com

Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineThe company says it expects to produce first copper from the in-situ recovery project in Arizona next year."With the...Read More

The Truth About the Trade Deal

December 03, 2018 / dailyreckoning.com

Late Saturday the American Caesar emerged in triumph, his head wreathed in laurel, his frame draped in the imperial purple.He had come, he had seen... and he had conquered.After talks with China's Xi Jinping in Buenos Aires, Trump claimed China would be "opening up" to American wares and "getting rid of tariffs."The Washington Post lists the terms of victory:In return for shelving a major escalati...Read More

The Trade Truce Won't Last

December 03, 2018 / dailyreckoning.com

"I will not be the one to break the peace we have made here today."With those words, the Godfather, Don Corleone, played by Marlon Brando, ended the war among the five mafia families in New York. This peace was hammered out at a dinner among the heads of the five families.This weekend the eyes of the world were on Buenos Aires, where President Trump, China's President Xi Jinping and some top aides...Read More

What Financial Advisors Fail to Tell You

December 03, 2018 / dailyreckoning.com

If you remember, in 2011, Berkshire Hathaway invested $5 billion in preferred shares of Bank of America, which was struggling at the time with numerous legal issues in the wake of the subprime mortgage crisis.He's done it again.It was revealed that Warren Buffett's Berkshire Hathaway invested billions of dollars in bank stocks during the third quarter, including a $4 billion position in JPMorgan C...Read More

India finally shaping as a major commodities importer

December 03, 2018 / www.mining-journal.com

The first, and most obvious, is that China's appetite appears to have largely been satisfied with the country's economy slowly switching from heavy manufacturing to an increased focus on servi...Read More

Marathon hits more high-grade intercepts in Newfoundland

December 03, 2018 / www.northernminer.com

Infill drilling in the southwestern part of the Marathon gold deposit in Newfoundland continues to return high-grade gold intercepts, Marathon Gold (TSX: MOZ) reports.The company recently completed its 41,000-metre stepout and infill drill program for 2018, and assays include 5.36 grams gold over 11 metres from 26 metres below surface in hole 18-330; 3.63 grams gold over 10 metres from 134 metre...Read More

Greek court acquits 21 over raid on gold mining facilities

December 02, 2018 / dlvr.it

A Greek court has acquitted 21 people accused of raiding prospective gold mining facilities in the north of the country, which many local residents strongly oppose on environmental groundsRead full newsRead More

Gold and Metals Rise on Softer Dollar, Trade Deal

December 02, 2018 / www.investing.com

Investing.com - Gold prices rose on Monday in Asia while the dollar dropped after news that the U.S. and China agreed to put any new tariffs on hold for 90 days.Gold futures for February delivery on the?EUR?Comex?EUR?division of the New York Mercantile?EUR?Exchange traded 0.25% higher at?EUR?$1,229.10?EUR?a troy ounce by?EUR?10:24 PM ET (03:24 GMT).?EUR?The precious metal has gained momentum since...Read More

BRIEF-Kirkland Lake Gold Increases Fosterville Mine's 2018 Production Outlook To Over 330,000 Ounces

December 02, 2018 / dlvr.it

BRIEF-Kirkland Lake Gold Increases Fosterville Mine's 2018 Produ:BRIEF-Kirkland Lake Gold Increases Fosterville Mine's 2018 Production Outlook To Over 330,000 OuncesRead full newsRead More

Greek court acquits 21 over raid on gold mining facilities

December 02, 2018 / dlvr.it

A Greek court has acquitted 21 people accused of raiding prospective gold mining facilities in the north of the country, which many local residents strongly oppose on environmental groundsRead full newsRead More

Here's the silver lining in traders' outlook for gold

December 02, 2018 / www.marketwatch.com

It is still premature for gold traders to start buying. That's the judgment of many contrarian analysts, who note that gold market sentiment is not yet favorable. This is the same opinion they had six weeks ago, the last time I focused a column on gold market sentiment. Gold GCG9, -0.15% today, of course, is trading slightly lower than where it stood then. Consider the average recommended gold...Read More

The Biotech Stock To Buy Now

December 02, 2018 / www.schaeffersresearch.com

Could this biotech bet bank you 1,700% profit?Contributed by Raging BullBig pharma isn't what it use to be and investors are wondering what the future holds for the Goliaths of the industry.Kyle Dennis, one of the most well known up and coming traders, saw this shift happening when others didn't. Years ago, he began to place a heavy emphasis on small-cap biotech stocks he saw enormous upside for a...Read More

RT @HC_Haplo: The lithium price bulls were right #lithium

December 02, 2018 / bit.ly

OK; half right.Read full newsRead More

What to watch in commodities: Trump-Xi, OPEC, iron, Tesla, crops

December 02, 2018 / www.mining.com

Attention is fixed on Buenos Aires as Group of 20 leaders meet in Argentina and developments there in the coming hours will shape commodity trading over the next week. Presidents Donald Trump and Xi Jinping have a dinner date on Saturday to see if they can avert an escalation of the U.S.-China trade war. Also on the sidelines, Russia's Vladimir Putin and Saudi Arabia's Mohammed bin Salman are like...Read More

Iluka resumes operations at Sierra Leone rutile mine as strike ends

December 02, 2018 / www.mining.com

Mineral sands miner Iluka Resources resumed operations at its Sierra Leone project, Sierra Rutile, on Friday, after workers ended a strike that had stalled work for the last eight days, a senior union official told Reuters.The strike was the second in the past month to hit Sierra Rutile, one of Sierra Leone's largest companies, following a week-long stoppage in October that led Iluka to cut its ou...Read More

Codelco strikes contract deal with workers at Ministro Hales mine

December 02, 2018 / www.mining.com

Chile's state copper miner Codelco said on Saturday it had reached agreement on a new collective labor contract with the union of workers at its Ministro Hales mine in northern Chile.The 36-month contract, which includes a signing bonus of 7 million pesos ($10,423) and a boost to salaries of 1.2 percent, was approved by 53 percent of the union, Codelco said in a statement.Ministro Hales produced a...Read More

New Mexican president asked to solve issue with former mine workers in two weeks

December 02, 2018 / www.mining.com

Former workers associated with the National Union of Mine, Metal, Steel and Allied Workers of the Mexican Republic, known as Los Mineros Union, gave the new president Andr?(C)s Manuel L??pez Obrador 15 days following his inauguration to address a conflict with Grupo Mexico that started in the late 2000s.According to local media, following a request made by the new Interior Minister Olga S??nchez C...Read More

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