News and Reports

Tracr and Sarine Join Forces on G7 Traceability Solution

October 10, 2023 / www.idexonline.com

(IDEX Online) - Tracr and Sarine are to collaborate on a traceability solution for diamonds entering the G7 nations.Tracr is the De Beers-owned company based in London that has developed what it describes as "the world's first fully distributed diamond blockchain platform".It is working with Sarine, the Israel-based diamond tech company behind the widely-used Diamond Journey traceability solu...Read More

Jewelry Raiders Flee after Employee Fires Shot

October 10, 2023 / www.idexonline.com

(IDEX Online) - Raiders fled a jewelry store in California, USA, after an employee fired a shot.Five hooded suspects used hammers to smash showcases at Prestige Jewelers, inside the Manhattan Village shopping mall at Manhattan Beach, on Friday (6 October)."An employee of the store responded by using a firearm to shoot towards the suspects," said local police."The suspects fled the store to awaitin...Read More

World's First Auction of Rough Tourmaline

October 10, 2023 / www.idexonline.com

(IDEX Online) - An auction billed as the "world's first" of rough tourmaline - the brightly-colored gemstone  - is to take place in Bangkok in November.Iridis, new owners of the Jagoda mine, in Zambia, says it will showcase the largest collection of exceptional pink, green, and bi-color tourmalines.It also says it's using the first-ever tourmaline grading system for prospective buye...Read More

Calibre, Aris see production records

October 10, 2023 / www.mining-journal.com

Its cash position has grown 72% since the start of the year, as gold production in the September quarter saw a 50% increase compared with the 49,081oz produced in the prior year period.Read More

Dundee reports Q3 gold and copper production increase...

October 10, 2023 / www.mining-journal.com

Both gold and copper production are up year-on-year by 16% and 4%, respectively.Read More

Fortuna prioritising debt repayment

October 10, 2023 / www.mining-journal.com

The company's debt now comprises $206 million on its credit facility and $46 million of convertible notes, while its cash position is about $119 million.Read More

Endeavour gets US$120M Terronera loan

October 10, 2023 / www.mining-journal.com

The debt facility, secured through a first-ranking security interest over Terronera, is for an 8.Read More

The Election's Being Decided NOW

October 10, 2023 / dailyreckoning.com

Today, with so much going on in the world, I'm writing about the 2024 presidential election. Why on earth would I write about the November 2024 election in October 2023?.Because this election is different. The election won't be decided in November 2024. It's being decided now.If you're an investor, you need to prepare accordingly.There are two events unfolding in front of our eyes. Democrats have...Read More

Rio Tinto turning a darker shade of green

October 09, 2023 / www.mining-journal.com

Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedA heavy-duty environment, social and governance (ESG) campaign by the big London-based miner kicked off late last week with Barton saying in an...Read More

Appian closes new $2bn fund raise

October 09, 2023 / www.mining-journal.com

Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedThe fund now has around US$4 billion in assets, making it the largest mining private equity fund in the market.   Appian's Fund III closed...Read More

This Means War!

October 09, 2023 / dailyreckoning.com

The heavy attack on Israel this weekend by the Palestinian militant group Hamas has shocked the world. So far, about 1,500 people are confirmed dead. That number will only grow.We don't have many facts at this point, but it appears to be a massive intelligence failure by Israel. That in itself is shocking because Israeli intelligence is generally excellent.It also suggests that Hamas is capable of...Read More

Asiamet progresses Indonesian BKM copper project

October 09, 2023 / www.mining-journal.com

Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedA technical review of the BKM feasibility study has been completed, with positive feedback, and an indicative term sheet for copper cathode off...Read More

Gecamines subsidiary challenges China's germanium stranglehold

October 09, 2023 / www.mining-journal.com

Societe Congolaise pour le Traitement du Terril de Lubumbashi (STL) a unit of state-owned miner Gecamines, has begun operations at a hydrometallurgical plant processing tailings from the Big HillRead More

Sigma announces resignation of COO

October 09, 2023 / www.mining-journal.com

Talbot gave notice in July following intermittent personal leaves that required extended absences from Brazil, Sigma said.Read More

Jay-Z's Second-Hand Watch Sells for $1.5m

October 09, 2023 / www.idexonline.com

(IDEX Online) - A Jacob & Co. watch owned by rapper Jay-Z sold for $1.5m at a charity event to help ex-prisoners.The white gold Caviar Tourbillon World Timer's dial and bracelet are set with 498 baguette diamonds, with a total weight of 35.52 carats. It keeps time in 25 cities.Jay-Z donated the timepiece for a star-studded casino night and auction in Atlantic City, New Jersey, USA, that r...Read More

Russia "Using Diamonds to Buy Weapons Tech"

October 09, 2023 / www.idexonline.com

(IDEX Online) - Russia is using bags of cash and diamonds to buy weapons technology for the war in Ukraine, according to an expert quoted by the financial news website Insider. It circumvents banking restrictions using intermediary accounts in Turkey and the UAE, and shell companies in Kazakhstan and Armenia, according to Pavlo Verkhniatskyi, a member of the International Working Group on Rus...Read More

F3 receives C$15M strategic investment

October 09, 2023 / www.mining-journal.com

Reach Resources focused on playing role in decarbonisation solutionsSPONSOREDreach resourcesEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedThe investment will be used to develop F3's Patterson Lake North (PLN) uranium project in Saskatchewan, where the miner discovered the JR Zone...Read More

Colombia's AG calls for Buritica action to stem violence...

October 09, 2023 / www.mining-journal.com

Armed criminal miners have undertaken repeated attacks since July with improvised explosive devices and gunfire against Zijin's operations to force their way into the Buritica mine to illegally mineRead More

De Beers Rough Sales Slump to $200m

October 09, 2023 / www.idexonline.com

(IDEX Online) - De Beers rough sales slumped to just $200m during cycle 8, the second lowest figure since it started reporting Sight totals in 2016.The company responded by cancelling the online rough auctions, which account for around 10 per cent of its sales, for the rest of the year.There has been only one occasion in the last seven years when De Beers reported a lower sales total - $116m in cy...Read More

Petra Prices Drop ahead of India's Rough Ban

October 09, 2023 / www.idexonline.com

(IDEX Online) - Petra saw rough prices dip by up to 18 per cent as it brought forward its Tender 2 ahead of India's voluntary two-month moratorium.The UK-based miner has sold 344,554 carats so far - three quarters of the total tender volume - for $30.2m and says it is currently offering the remaining 25 per cent. It will release full sales results in the next few days.The average price per ca...Read More

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