(IDEX Online) - Sarine has reported a fall in net profits for FY2022, down just over 46 per cent from $16.5m to $8.8m.It also said revenue for the year were down by 5.4 per cent, from $62.1m to $58.8m, down from a high base in H1 2021 due to post-Covid spike in US jewelry spending.Sales to India, its biggest market by far, fell 25 per cent from $40.5m to $30.3m.The Israel-based diamond tech firm b...Read More
(IDEX Online) - Rounds suffered yet another month of losses during February, as ongoing uncertainties drove demand for the less expensive fancy cuts. De Beers reported a 30 per cent drop in rough sales at its first cycle of 2023, amid reports that some prices were hiked by as much as 10 per cent. Manufacturing remains well below capacity in India. Consumer demand is still slow, although US in...Read More
(IDEX Online) - Debswana yesterday announced details of "the world's first 5G-oriented smart diamond mine project" in conjunction with the Chinese tech corporation Huawei.By connecting over 260 pieces of equipment at the Jwaneng mine, in Botswana, it says it has increased both efficiency and safety.Transferring data in real time makes equipment like mining vehicles more efficient, increasing...Read More
Polymetal reported group gold ore reserves down by 9% year-on-year, at 27.3Moz.Read More
Coda's copper deposits: the hippo atop an elephantSPONSOREDcoda mineralsPanoro targets Cotabambas PFS by end of yearSPONSOREDpanoro mineralsAnglesey makes up for lost time at Parys MountainSPONSOREDanglesey mining Saudi builds foundation for world-leading mining sectorSPONSOREDsaudi ministry of industry and mineral resourcesESG is a set of standards that encompasses a wide ranging metrics rela...Read More
The six-year facility is for $360 million with up to $25 million for capitalised interest before project completion, plus a $40 million standby cost overrun facility.Read More
Speaking to ZNBC News in Lusaka, Kabuswe warned that the administration is working to clean its mining cadastre to eliminate duplicate licences, and halt illegal mining, which has been a major concernRead More
Panoro targets Cotabambas PFS by end of yearSPONSOREDpanoro mineralsCoda's copper deposits: the hippo atop an elephantSPONSOREDcoda mineralsSaudi builds foundation for world-leading mining sectorSPONSOREDsaudi ministry of industry and mineral resourcesAnglesey makes up for lost time at Parys MountainSPONSOREDanglesey mining The S&P Global-compiled Caixin China General Manufacturing PMI ros...Read More
Canada's Frontier Lithium (TSX-V: FL) has again updated its mineral resource estimate for the Spark deposit, which is part of the company's PAK lithium project in northwestern Ontario.The company said the resource estimate update for the Spark deposit includes 18.8 million tonnes averaging 1.52% of lithium oxide (Li2O) in the indicated category. This represents a 30% size increase from the 14.4 mi...Read More
BHP (NYSE: BHP; LSE: BHP; ASX: BHP), the world's largest miner, is mulling expanding its investments in Argentina's copper sector, where it already has a presence through its 5% stake in Canada's Filo Mining (TSX: FIL), the junior developing the Filo del Sol copper-gold-silver project straddling the border with Chile.Company representatives met with the governor of mineral-rich San Juan province o...Read More
Many of you will have been waiting for the score from mining's famous Bottle Match. This is the annual rugby game played between Exeter University's Camborne School of Mines (CSM) and Imperial College's Royal School of Mines (RSM). The Bottle Match is a good example of a European mining tradition, although most are much older. Normally held on the third Saturday of February, the location of the...Read More
Climate change is an existential challenge. Mining is a big part of the solution. This is the worrying - and yet, exciting - backdrop to PDAC 2023. Mining, as a sector, does not always have the best of reputations. Regrettably, the criticisms are often valid. ESG is now a much-abused term, having been hijacked by green washers and bandwagon riders. In its truest form, ESG has real value, although...Read More
Denarius Metals' (TSXV: DSLV; OTCQB: DNRSF) first resource estimate for its Zancudo project to revive an 18th century gold mine in Colombia confirms its high-grade potential. The Toronto-based company plans to restart production this year from the former Independencia mine dating to 1793. It produced as much as 2 million oz. gold-equivalent until 1948 from the site 27 km south of Medellin, Col...Read More
When it comes to tax and junior mining, there have always been a few hold-your-breath moments. The first is at the Prospectors and Developers Association of Canada (PDAC) convention every March in Toronto. We congregate at the largest mining conference in the world, nervously packing a reception hall to hear from the finance minister on whether the Mineral Exploration Tax Credit (METC) will be...Read More
Vizsla Silver?EUR?(TSXV: VZLA; NYSE: VZLA) says new drill results show continuity in high-grade mineralization at its Panuco silver-gold project in Sinaloa, western Mexico. Vancouver-based Vizsla released assays from 14 drill holes on the 68-sq.-km Panuco project on Mexico's Pacific coast near the city of Mazatl??n, about 1,000 km northwest of Mexico City. The infill drilling on the Copala s...Read More
Deutsche Bank's crackerjacks give 90% odds of recession over the next 12 months. Goldman's own crackerjacks give merely 25% odds of the same.Which divination has more justice in it?Here is the rock of the Deutsche Bank pessimism, set forth by its own Jim Reid:Most (but not all) big hiking cycles bring recessions with a lag...[and those that do] “tend to be when the Fed is furthest away from...Read More
As electric vehicles gain traction, there has been a surge in demand for battery metals such as cobalt, lithium, nickel, and copper.But for automakers, getting their hands on these metals isn't always easy since supply chains are highly complex and competitive. To address these challenges, EV makers are going straight to the source.Over the past several years, automakers are increasingly ente...Read More
Looking forward, KBR should continue to see good revenue growth in FY2023 and beyond. Read more to see my thoughts on KBR stock and why it is a Buy.Read full newsRead More
The following slide deck was published by PostNL N.V.Read full newsRead More
BioMarin Pharmaceutical Inc. (NASDAQ:NASDAQ:BMRN) Q4 2022 Results Conference Call February 28, 2023 4:30 PM ETCompany ParticipantsTraci McCarty - Group VP, IRJJ Bienaim?(C) - Chairman and...Read full newsRead More