News and Reports

Sarine Files More Lawsuits Against Alleged Pirates of Surat

May 24, 2022 / www.idexonline.com

(IDEX Online) - Diamond tech firm Sarine has filed a series of lawsuits in and around Surat for alleged piracy of its mapping software.Raids were carried out at eight locations in India's cutting and polishing capital last Wednesday (18 May) after a court granted the company ex-parte orders.Sarine was unable to provide details, but said: "It is believed that the court commissioners were able...Read More

North American miners to see copper AISC rise 19%

May 24, 2022 / www.mining-journal.com

 AISC costs were already driven higher in the first quarter of this year by a combination of factors, including higher energy, labour, and equipment costs in a higher inflationaryRead More

Filo Mining rises on long copper intercept at its Filo del Sol project in South America

May 24, 2022 / www.northernminer.com

Shares of Filo Mining (TSX: FIL) reached an all-time high as the company reported its best hole yet in terms of copper-equivalent and intercept length, drilled at its Filo del Sol project, which straddles the Argentina-Chile border. Highlights from the latest drill results from its ongoing program included drill hole FSDH055C from the Breccia 41 zone, which cut 1,337.5 metres grading 0.66% coppe...Read More

Glencore charged with bribery in London, pleads guilty in the US

May 24, 2022 / www.northernminer.com

Mining and commodities trader Glencore (LSE: GLEN) has settled probes into bribery and market manipulation in the U.K. and U.S. that have hung over the company for years.The company, which in February announced it had set aside US$1.5 billion cover the costs of settlements in the U.S., U.K. and Brazil, confirmed on Tuesday it would appear in court in the U.S. today in connection with "proposed re...Read More

The Northern Miner Podcast - episode 292: The decline and fall of the unipolar order, ft Paul from The Sirius Report on energy, metals and geopolitics

May 24, 2022 / www.northernminer.com

This week's episode features geopolitical and natural resource commentator 'Paul' from the Sirius Report in conversation with host Adrian Pocobelli. Paul discusses global energy supplies and the vulnerability of European nations in the context of the Russia-Ukraine war, as well as precious metals, rare earths, and what will likely be an increasing competition for resources between the West and the...Read More

BSGR to pay Guinea US$5.6M after losing case over Simandou

May 24, 2022 / www.northernminer.com

BSG Resources, the mining arm of Israeli tycoon Beny Steinmetz's empire, secured the rights to the vast Simandou iron ore project in Guinea through corrupt practices, and international tribunal has ruled.The World Bank's International Centre for the Settlement of Investment Disputes (ICSID) "forcefully" rejected the mining company's claims against Guinea for billions of euros for having been str...Read More

Filo sourcing rigs to drill to 2km

May 24, 2022 / www.mining-journal.com

The company just reported an intercept of 1,337.5m grading 1.33% copper equivalent in which the drill bottomed out at about 1,500m depth in good mineralisation."The big takeaway for me from this particular hole was how strong the mineralisation remained right to the bottom of the hole," said Beck. "We drilled this to almost to 1.5km deep and the last 20m of this hole were still in 0.93% copper equ...Read More

Biden Places Ideology Above Lives

May 24, 2022 / dailyreckoning.com

It's a shame that the Biden administration would place ideology over the well-being of the American people, but that appears to be the case right now. Today I'll explain why.No one needs to be told about the impact of higher prices for food, gasoline and other essentials. The price hikes are everywhere; there's really no way to avoid them. This is not limited to luxury goods or resorts. The price...Read More

What's Waiting on the Sidelines

May 24, 2022 / www.outsiderclub.com

Times like these, eh? We're all living through them, but they're hard to talk about in a meaningful way.It's easy to use reductive sayings. Anyone commenting on the markets tends to fall back on these pithy aphorisms even though they don't actually offer much guidance."Buy the dip" some say. "Blood in the streets" certainly applies too.Sometimes they're a bit more subjective. It's common to hear t...Read More

Canada's Osisko Development to list on NYSE

May 23, 2022 / www.mining-journal.com

The firm is focused on funding the development of its Cariboo gold project in central British Columbia, Canada and a feasibility study on track for completion in the first half of this year.Read More

Canada's Osisko Development to list on NYSE

May 23, 2022 / www.mining-journal.com

Look beyond market approach to project valuations: van ZylLeadershipKumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzThe firm is focused on funding the development of its Cariboo gold project in central British Columbia, Canada and a feasibility study on track for compl...Read More

Gold sector robust as cost pressures increase

May 23, 2022 / www.mining-journal.com

Kinross Gold and IAMGOLD were the companies feeling cost pressures the most with AISC up 27.7% and 20.Read More

US copper market deficit to grow: Jefferies

May 23, 2022 / www.mining-journal.com

Copper mine supply in the US is expected to reach 1.52 million tonnes this year, higher than 1.465 million tonnes last year but still short of expected national demand of 2.Read More

Cost inflation tarnishes good news of strong metal...

May 23, 2022 / www.mining-journal.com

Kumtor deal paves way for ChaaratSPONSOREDchaarat gold holdings ltd.IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixKropz set to fly after false startSPONSOREDkropzBMG returns eye-catching high-grade gold at Abercromby in WASPONSOREDbmgThe S&P/TSX Global Mining Index is, at time of writing, down by 18% over the past month, albeit from the 14-year highs in April.Read More

Heiress's Cartier Bracelet Could Fetch $1.25m

May 23, 2022 / www.idexonline.com

(IDEX Online) - A rare Cartier art deco emerald and diamond bracelet is expected to fetch up to $1.25m when it is auctioned tomorrow at Bonhams New York.It was made in 1926 and belonged to the American heiress Helene Irwin Crocker Fagan (1887-1966), whose father William G. Irwin made his fortune from the sugar plantations of Hawaii.The bracelet (pictured) was designed as a graduated row of seven r...Read More

Arctic Star Finds High-Value Type IIa Diamonds

May 23, 2022 / www.idexonline.com

(IDEX Online) - High-value Type IIa diamonds have been found during explorations in Canada.Vancouver-based Arctic Star says analysis of a small sample - 12 stones over 0.3mm diameter - showed half were Type IIa.Only two per cent of diamonds globally are Type IIa - the most chemically pure, with no measurable nitrogen or boron impurities. Arctic Star drilled the Sequoia Kimberlite, on the Diag...Read More

De Beers Heads for Higher Earnings, as Alrosa is hit by Sanctions

May 23, 2022 / www.idexonline.com

(IDEX Online) - De Beers is heading for a bigger market share and an increase of almost 10 per cent in earnings this year, says Morgan Stanley, as sanctions continue to hit rival Russian exports.The UK-based miner is expected to earn $1.2bn before interest, tax, depreciation and amortization (EBITDA), according to the investment management and financial services company. Last year's figu...Read More

Richemont Loses $177m from Russia Boycott, but Doubles Profits

May 23, 2022 / www.idexonline.com

(IDEX Online) - Richemont has lost $177m from its withdrawal from Russia.But the Swiss-based company, that counts Cartier, Van Cleef & Arpels, Jaeger-leCoultre and Piaget among its 26 maisons, still saw operating profits more than double for the year to 31 March 2022.It said suspending its commercial activities in Russia accounted for less than two per cent of total sales.Richemont's jewe...Read More

Atico gets EIA tick for La Plata

May 23, 2022 / www.mining-journal.com

The company noted that the most significant infrastructure being constructed is the filtered tailings facility—which is the first of its kind in Ecuador.Read More

Stocks Are Off to the Races

May 23, 2022 / www.outsiderclub.com

Dear Outsider,Baltimore's Pimlico Race Course hosted the 147th Preakness Stakes this past Saturday. Last year's races were limited to just 10,000 attendees due to COVID-19 restrictions, so it was good to see a semblance of normalcy return to the racetrack.If you've never been to Pimlico, it's worth seeing before it's completely rebuilt, which is slated to happen after next year's Preakness. The Ma...Read More

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