(IDEX Online) - Alrosa has quit the Responsible Jewellery Council (RJC).The move came days after the RJC's own executive director resigned in frustration that the miner - a third owned by the Russian government - had been allowed to remain as a member.Alrosa stood down as vice chair of the London-based watchdog shortly after Russia invaded Ukraine on 24 February, but did not suspend its membe...Read More
(IDEX Online) - Allegations of a $200m rough diamond and foreign exchange scam involving customs officers in Mumbai are being investigated by India's Directorate of Revenue Intelligence (DRI), the Free Press Journal reports.The Mumbai-based newspaper says the DRI stumbled upon corrupt "hawala" transactions - money transfer without money movement - allegedly carried out with the connivance of...Read More
(IDEX Online) - The IDEX Polished Price Index rose steeply over a couple of days early in March, but declined steadily day by day during the rest of the month. The initial leap outweighed subsequent losses, so the Index closed up 0.54 per cent on the start of the month, setting another decade-high record. But the trend since the 5th of the month has clearly been downwards...Read More
It followed seven weeks of negotiations and involves around 1,300 union employees at the copper complex which is near Salt Lake City.Read More
"Our updated mineral reserve estimate is an indication of Chelopech's consistent track record of replacing mineral reserves, and we believe there is strong potential to continue this trend," president and CEO of Dundee David Rae said. The new life-of-mine plan predicts gold production in 2022 of 171,000oz, which is up from the previous plan's 158,000oz. There has been little change to 2023 an...Read More
Ontario's strategic push to establish a fully integrated lithium-ion battery supply chain got a massive boost on Monday after Avalon Advanced Materials (TSX: AVL) reached an agreement with India-based Essar Group to fund and provide development support for a lithium refinery in Thunder Bay.Avalon and RenJoules International have partnered to co-develop a regional lithium battery materials supply c...Read More
The Toronto-quoted equity of Hemlo Explorers (TSXV: HMLO) jumped more than 53% on Monday after the company revealed it had entered a binding term sheet with Barrick Gold (TSX: ABX; NYSE: GOLD) that will give Barrick a right to earn up to 80% of the Pic project in Ontario.Located 25 km west of Barrick's Hemlo mine, Barrick will have to deliver to Hemlo Explorers a pre-feasibility study within six...Read More
Lithion Recycling has received $22.5 million in funding from the Quebec government, including a $15 million equity investment in the company's capital stock through Investissement Qu?(C)bec and $7.5 million in grants from the Fonds d'?(C)lectrification et de changements climatiques.Lithion also received funds totalling $125 million earlier this year from Quebec-based Fondaction, and from Korea's I...Read More
Belmont Resources (TSXV: BEA) reported its longest intercept of copper mineralization to date from the ongoing 7,000-metre drill program at the Lone Star copper-gold project, operated by Marquee Resources (ASX: MQR). The project is situated in northern Washington state, near the Canada-U.S. border. The drill campaign is part of an option agreement that Belmont inked with Marquee in November,...Read More
Canada Nickel Co. (TSXV: CNC; OTC: CNIKF) has completed the current phase of drilling at its flagship Crawford nickel sulphide project in Ontario, and is reporting assay results from 33 drill holes, including additional assays from the previously announced East Zone high-grade core discovery. A further 37 holes have been drilled at Crawford, with assays pending.The East Zone was originally defined...Read More
Centerra Gold (TSX: CG) and the Kyrgyz Republic have reached an out-of-court settlement in which the Canadian miner agrees to hand control of its expropriated Kumtor operation to the country's government, ending an almost year-long dispute over the asset.The deal, to be announced by Kyrgyz President Sadyr Japarov on national television, will see Centerra to transferring ownership of the mine...Read More
Inflation is not a guessing game anymore; it's here. Every time you buy gas at the pump or groceries at the supermarket or book a plane ticket, the price increases are staring you in the face.The problem is that inflation cannot be isolated. It's not limited to what you pay to fill up your car, for example. Truckers have to pay the same higher prices for diesel fuel, which add to transportation co...Read More
(IDEX Online) - The diamond industry in Israel is likely to suffer from sanctions on Russia, says Ha'aretz newspaper even though the country has itself remained neutral on the invasion of Ukraine.Precious stones and metals account for about a third of Israel's total imports from Russia, according to the Israel Export Institute, amounting to $524m in 2021.Israel has not imposed restrictio...Read More
(IDEX Online) - An innovative - and extremely pricey - new TAG Heuer watch exploits technical opportunities offered by lab grown diamonds.The $376,000 Carrera Plasma (pictured) incorporates almost 12 carats, including a 2.5-ct gem grown to the shape of the crown.The dial of the 44mm-diameter watch looks like it's been sprinkled with diamonds but has actually been grown as a single polycrystal...Read More
One reason American movies are so bad these days is they have forgotten how to tell a story. Stuff just happens to characters. Cause, effect and consequence no longer exist in the workshops of Hollywood.And one might sense that these imperatives are likewise missing from what used to be known as real life in the USA, with all its stories and narratives. Stuff just happens to the people in this cou...Read More
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Share this article VANCOUVER - New Gold Inc. (NGD-TSX, NYSE American) has released a technical report containing an update on the open pit and expanded underground mine plans for its Rainy River gold mine in Ontario.The company said the life of mine has been extended to 2031 with the conversion of an additional 569,000 gold ounces in the underground main zones to mineral reserves. It said the re...Read More
Look beyond market approach to project valuations: van ZylLeadershipWest Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel gold It won't happen because governments do not have to comply with listing rules which see market regulators routinely...Read More
The Canada-based company has predicted will recieve 5,700 to 6,700 attributable gold-equivalent ounces this year, which would be a gain of between 55% and 82% from 2021.Read More