Guzman said the variable rate will by 0% when the copper price is less than US$3.50 per pound and 8% when it is more than $5.25/lb.Between these two values, it will be 0.8% of the difference between the prevailing copper price less the $3.50/lb floor price. So at $4.50/lb copper it will be 0.8% and a $5/lb it will be 1.2%"The president has signed a decree on adapting the export duties for copper w...Read More
The S&P is closing in on bear market territory, which is defined as a decline of 20% or more from recent highs.And it may fall even further. Since World War II, there have been 14 bear markets. The median loss during these bear markets has been 30%, and they lasted about a year (hat tip to Bespoke Investment Group).The Kind of Drop We Haven't Seen in DecadesAnd with the Fed ready to raise inte...Read More
Natural Resources minister Jonathan Wilkinson has said that Russia's invasion of Ukraine and the fragility of global supply chains have "heightened" the importance of critical minerals as he welcomed mining company delegates on the opening day of PDAC 2022.Wilkinson described the transition to net-zero as a "competitive race" between the world's largest economies, with demands for minerals like li...Read More
(IDEX Online) - GIA is to close its Antwerp grading lab, saying it is no longer economically viable.It will stop taking submissions on 1 July and cease trading altogether on 31 July.GIA indicated back in August 2020 that it could close or scale down the Antwerp operation. The Covid pandemic added to its woes, on top of a shift to manufacturing in India and banks' reluctance to lend. Belg...Read More
(IDEX Online) - A US tourist had his unique $1m Hublot watch - set with over 32 carats of black diamonds - snatched from his wrist in Barcelona.He suffered minor injuries in the incident outside the five-star Mercer Hotel, where he is believed to have been staying. Unconfirmed reports identify the stolen watch as a Hublot Black Caviar Bang.The timepiece is described by its Swiss makers as a w...Read More
(IDEX Online) - A Patek Philippe watch made in 1990 and described as "possibly unique" sold for $2.5m at auction, smashing its $829,000 high estimate. The watch, Ref 3974, (pictured) was the most technically sophisticated watch of its day - with a minute repeater, a perpetual calendar, 24-hour indication and phases of the moon. It sparked a furious bidding war between 20 potential buyers at Phill...Read More
Pretoria, Gauteng, South Africa, June 10, 2022 (GLOBE NEWSWIRE) -- Gold Secured Currency (GSX) has received, through a geotechnical assessment report, confirmation of the presence of copper and gold valued at an estimated 40 billion US Dollars in 1,050 hectares of GSX-owned mining claims. The $40 billion estimate means that the assets backing GSX will increase by over 570% in 2022. This update put...Read More
STORY: This is the moment wildcat gold-miners in Bolivia threw stones at Senator Cecilia Requena as she visited a tiny settlement along the Beni River in the north, a hotspot for the illegal practice. Tensions are rising in the country's Amazon between small-scale prospectors and local indigenous groups over a boom in unregulated gold-mining, driving a surge in imports of mercury used to extr...Read More
Attackers raided the Karma industrial gold mine in northern Burkina Faso in the early hours of Thursday morning, killing one soldier and one mine employee, the company said.Read full newsRead More
Russian oligarch Yevgeny Prigozhin, also known asRead full newsRead More
Figure 1 Royal Visit at Selinsing Gold Mine Figure 2 Selinsing Employees with the Prince and Government Officials Figure 3 Selinsing Process Manager Azman bin Taib giving the Prince an overview of the processing plan Figure 4 The Chief Minister with the Prince Holding Gold Bar VANCOUVER, British Columbia, June 03, 2022 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) "Monumen...Read More
BOISE, Idaho - Perpetua Resources Corp. has announced that IMCO Construction has been selected as a partner to begin water quality improvements in the historical Stibnite mining district in centralRead full newsRead More
Carnival Corporation & plc (NYSE:CUK) concluded the trading at $10.84 on Thursday, June 09 with a fall of -9.44% from its closing price on previous day. Taking a look at stock we notice that its last check on previous day was $11.97 and 5Y monthly beta was reading 2.08 with its price kept floatRead full newsRead More
Russian oligarch Yevgeny Prigozhin, also known asRead full newsRead More
Figure 1 Royal Visit at Selinsing Gold Mine Figure 2 Selinsing Employees with the Prince and Government Officials Figure 3 Selinsing Process Manager Azman bin Taib giving the Prince an overview of the processing plan Figure 4 The Chief Minister with the Prince Holding Gold Bar VANCOUVER, British Columbia, June 03, 2022 (GLOBE NEWSWIRE) -- Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) "Monumen...Read More
Vancouver, British Columbia, June 02, 2022 (GLOBE NEWSWIRE) -- Asante Gold Corporation (CSE: ASE/ FRANKFURT: 1A9/U.S.OTC: ASGOF) ("Asante" or theRead full newsRead More
(IDEX Online) - At least FORTY diamond miners are feared dead after a mine collapsed in Democratic Republic of Congo (DRC), according to the country's minister of the interior.The artisanal workers were in underground shafts in Samba, near the city of Tshikapa, in the southwestern region of Kasai.Initial reports after the mine collapse on Tuesday (7 June) indicate there were six fatalities. T...Read More
BOISE, Idaho - Perpetua Resources Corp. has announced that IMCO Construction has been selected as a partner to begin water quality improvements in the historical Stibnite mining district in centralRead full newsRead More
A newly renamed company pitching a freshly revamped proposal for an open-pit gold mine on the Eastern Shore has submitted its environmental assessment of the project to the province. Signal Gold, previously known as Anaconda Mining, wants to develop a mine in Goldboro, N.S., about 250 kilometres east of Halifax. The project would include two open pits, a processing facility, a tailings management...Read More
06/10 In Bolivia's Amazon tensions are rising over a boom in wildcat gold mining that is driving a surge in imports of mercury used to extract the precious metal and is sparking conflict between small-scale prospectors and local indigenous groups.Read full newsRead More