(IDEX Online) - De Beers today reported provisional rough sales of $650m at its second sight of the year, amid continuing "robust" demand.It's a slight dip from $660m at Cycle 1, but a significant increase from $550m at last year's Cycle 2.Rough remains in short supply, and banking restrictions on Russia will inevitably impact the ability of its biggest rival, Alrosa, to make sales.De Be...Read More

(IDEX Online) - Surat is braced for a shortage of rough supplies and further price hikes following Russia's invasion of Ukraine."There is growing uncertainty in the diamond industry due to the war," Savjibhai Dholakia, chairman of Hari Krishna Exports - one of India's biggest diamond companies - told Hindustan Times."About 40% of our diamonds are supplied from Russia today and the paymen...Read More

(IDEX Online) - Botswana is aiming to further expand its diamond production as Russia faces global sanctions, says the country's president Mokgweetsi Masisi.He hopes Botswana, currently the world's second-largest producer by volume, will "play a more prominent role in the industry," according to a report by Bloomberg News on an interview her gave in Nairobi, the Kenyan capital.Botswana p...Read More

Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherAnalysts were right, until they weren't; and even President Putin couldn't be blamed because investor priorities had started to change well before the invasion of U...Read More

Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherThe southern Africa-focused miner had initially expected the Congolese Kamoa-Kakula mine - which began commercial production in July last year - to sell 95,000t of...Read More

The adjusted net income per share was US$0.65 on a diluted basis, up 62% from US$0.40 per share in the same quarter a year earlier.  "The company [is] in a strong position to execute on initiatives targeting approximately 100,000 tonnes of annual copper production and 60,000 ounces of annual gold production by 2025," said chief executive David Strang. ASCI gold costs increased 50% t...Read More

With the aim to supply raw materials for about half a million electric vehicles annually by 2025, Frontier Lithium (TSXV: FL; US-OTC: LITOF) has stepped up its pace by quadrupling indicated resources at its Spark deposit in northwestern Ontario. Spark now hosts 14.4 million tonnes grading 1.40%, up from the previously estimated 3.3 million tonnes grading 1.59%, after the...Read More

De Beers, the world's top diamond producer by value, saw sales jump by 18% in the second cycle of 2022 compared to the same period last year, attesting to the industry consolidated recovery from the first pandemic-induced shutdowns.The Anglo American unit sold $650 million of diamonds between Feb. 21 to Feb. 25, down $10 million from the first cycle of the year, but higher than $550 million it so...Read More

Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF), citing significant investor demand, has amended the terms of its earlier agreement with a syndicate of underwriters led by Red Cloud Securities to increase the size of its public offering from $25 million to $45 million.Under the revised offering, the underwriters will purchase for resale the following equity securities of the company on a bought d...Read More

Skeena Resources (TSX: SKE) has received the final drill results from its 2021 regional and near-mine exploration programs at the Eskay Creek gold-silver project. This drilling was designed to follow up on the company's resource category conversion drilling performed in early 2021.The new results were highlighted by exploratory drill hole SK-21-997, which returned high-grade gold mineralization av...Read More

Toronto's Kinross Gold (TSX:K; NYSE: KGC) has poured its first gold bar since the restart of mining at La Coipa 1,000 km north of Santiago, Chile, in the Atacama region.Commissioning the mine and mill began in early February, on schedule and under budget. The plant is expected to reach full capacity by mid-year. Annual production is expected to be about 250,000 oz. of gold.Two years ago, Kinross g...Read More

Nighthawk Gold (TSX: NHK; US-OTC: MIMZF) has reported a substantial increase in mineral resources at its Indin Lake property located 200 km north of Yellowknife, Northwest Territories, further demonstrating the potential for a future large-scale, higher-grade, open pit project in the district.Indicated resource for the open pit was 121% higher than its previous estimate, now standing at 46.4 milli...Read More

The company reported a highlight of 2m grading 43.73 grams per tonne gold and 24.Read More

Monumental Minerals (TSXV: MNRL) has signed a deal with Lithium Chile (TSXV: LITH; US-OTC: LTMCF) to have the option to acquire up to 75% of the Salar De Laguna Blanca project in northeastern Chile. Under the deal, Monumental will have to pay $1.5 million and spend the same amount on exploring the Laguna project within three years. Lithium Chile will also hold 9.9% of Monumental's shares. On...Read More

A couple months ago I was sitting in a room with a whole bunch of my peers, talking about the future. We were talking about yearly predictions, or at least what could be in store in the near future.I couldn't have been more wrong.Like so many, I discounted the idea of a European war. I also doubted that anyone would mess with their "bread and butter." Rich getting richer, moving past one of the m...Read More

Today we are dumbstruck. We are awestruck and thunderstruck...That is because we have witnessed a miracle of God. That is correct. Your editor has witnessed a miracle of God.We now know, despite all contrary evidence, that the living God is with us - even in this godless age.For what we have observed is no dime-store or magician's miracle - but an authentic miracle - true as gold, true as the star...Read More

Jeff Currie, Goldman Sachs head of commodity research, joins CNBC's 'Squawk Box' to break down nickel futures after the London Metal Exchange suspended tradi...Read full newsRead More

Surging raw materials costs, made worse by Russia's invasion of Ukraine, could set back the dream of Tesla Chief Executive Elon Musk and other auto executives to roll out more affordable electric vehicles.Read full newsRead More

?EUR?A nation that can't control its energy sources can't control its future."- Barack ObamaRead full newsRead More

The indicated open pit resource is now 46.4 million tonnes grading 1.Read More