News and Reports

TAGS Sells Less Than Half the $40m Goods Offered

October 02, 2023 / www.idexonline.com

(IDEX Online) - Trans Atlantic Gem Sales (TAGS) sold less than half the rough on offer at its September tender in Dubai, amid ongoing weak demand.The company didn't want to provide an exact figure but said it had offered around $40m of goods.It said most sales were of +10.8-ct stones, which remained least affected by negative market sentiment."Unfortunately, we were obliged to withdraw a high...Read More

A Double Political Disaster

October 02, 2023 / dailyreckoning.com

A last-minute deal has averted a government "shutdown," which would have taken place on Sept. 30.But all it does is kick the proverbial can down the road. We'll be back right where we started 45 days from now when this agreement expires, just before the holiday season. Then the same theatrics will begin again.But for now, a shutdown has been averted.Regardless, we could be looking at two catastrop...Read More

Lucara continues to shed management staff

October 02, 2023 / www.mining-journal.com

Zara Boldt has tendered her resignation as chief financial officer and corporate secretary, and John Armstrong as vice president of technical services of the company.Read More

Eldorado increases production

October 02, 2023 / www.mining-journal.com

Although a preliminary number, the company said it is on track to achieve full-year guidance of 475,000-515,000oz.Read More

Neometals offtake with Jiuxing shelved

October 02, 2023 / www.mining-journal.com

Miramar Resources leveraged to exploration success SPONSOREDmiramar resourcesIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedEmerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsThe offtake agreement, between Neometals subsidiary Australian Titanium Pty and Jiuxing, related to Neometals Barrambie vanadiferous-titanomagnetite project i...Read More

HB Antwerp Reinstates Mansori

October 02, 2023 / www.idexonline.com

(IDEX Online) - HB Antwerp today (2 October) said it had reinstated Oded Mansori as managing partner, a month after removing him over a "sharp difference in strategic vision and approaches to business".His removal was swiftly followed by Canadian miner Lucara's withdrawal from a 10-year deal to sell its specials (+10.8-cts) through HB, citing "a material breach of financial commitments"."We w...Read More

China sees modest factory activity recovery in September...

October 02, 2023 / www.mining-journal.com

Emerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedMiramar Resources leveraged to exploration success SPONSOREDmiramar resourcesBoth the official and Caixin manufacturing Purchasing Managers Indexes (PMIs) for China registered growth for September.Read More

Graphite optimists creep back into view

October 02, 2023 / www.mining-journal.com

Emerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedMiramar Resources leveraged to exploration success SPONSOREDmiramar resourcesBut hints of a graphite revival have emerged over the past two months as investment banks re-discover the material, which is an essential component of most ba...Read More

Botswana Rethinks HB Investment

October 02, 2023 / www.idexonline.com

(IDEX Online) - The Botswana government is rethinking its proposed deal with HB Antwerp, after Canadian miner Lucara last week announced it was pulling out of a 10-year sales agreement with the company.The government said in March that it would be buying a 24 per cent stake in HB, a new venture that  pledged to reinvent the diamond supply chain.But that was only an agreement in principle, and...Read More

De Beers and Botswana Sign Preliminary Agreements

October 01, 2023 / www.idexonline.com

(IDEX Online) - De Beers and the Botswana government today (1 October) said they had taken a significant step towards finalizing their new sales and mining deals, with the signing of Heads of Terms.The document provides further detail and clarity on the commercial and operational aspects of the outline agreement, De Beers said in a statement.The current agreement, under which Botswana receive...Read More

IDEX Price Report for 1 October: Rounds Keep on Falling

October 01, 2023 / www.idexonline.com

(IDEX Online) - It was "more of the same" during September, as round prices again suffered wholesale losses, but fancies fared somewhat better.Markets remain weak, sentiment remains slow and Alrosa has halted sales for two months in a move aimed at stabilizing the market.Lab growns are set to overtake natural diamonds, and currently account for almost half of unit sales. And the global economy rem...Read More

G7 Delegates Visit India Ahead of Sanctions on Russia

October 01, 2023 / www.idexonline.com

(IDEX Online) - G7 representatives have completed a fact-finding mission to explore how India's diamond industry can comply with forthcoming sanctions on Russian stones.They aim to cause "minimal or no disruption to the sector", according to a statement issued issued by the Gem & Jewellery Export Promotion Council (GJEPC), which hosted the delegation.  G7 members - Canada, Franc...Read More

A-One-Two-Punch

September 30, 2023 / dailyreckoning.com

You have to understand: No amount of political blustering will bring this gaslit nation into daylight when there is no more money and no more credit and no feasible way to feed the Washington blob that ate our government.I know, that's a mouthful. Let's unpack this.The equation is simple. Our country can't handle normal interest rates; and the value of the dollar can't withstand more ultra-low int...Read More

SPAC offer for Appian's Brazilian mines falls through...

September 29, 2023 / www.mining-journal.com

ACG Acquisitions, a London-listed special-purpose acquisition company, announced that "despite its best efforts" the deal has been terminated.Read More

Decarbonising in a fractured world: Will the energy...

September 29, 2023 / www.mining-journal.com

Emerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedMiramar Resources leveraged to exploration success SPONSOREDmiramar resources"We seek to responsibly manage the competition between our countries, so it does not tip into conflict," he said.Read More

Another day another Australian mining cost blowout...

September 29, 2023 / www.mining-journal.com

Emerging developer to make Impact in HPA spaceSPONSOREDimpact mineralsIceni adds lithium and nickel potential to 14 Mile Well gold projectSPONSOREDiceni gold limitedMiramar Resources leveraged to exploration success SPONSOREDmiramar resources  Liontown, the lithium takeover target of U.S.Read More

US announces $1M in grants for mining safety

September 29, 2023 / www.mining-journal.com

The DoL's Mine Safety and Health Administration (MSHA) awarded the funding to the University of Alabama, the University of Arizona, Southeast Kentucky Community & Technical College, the UniversityRead More

Why Did Fauci Meet With CIA?

September 29, 2023 / dailyreckoning.com

Jeremy Farrar's book from July 2021 is relatively more candid than most accounts of the initial decision to lock down in the U.S. and the U.K."It's hard to come off nocturnal calls about the possibility of a lab leak and go back to bed," he wrote of the clandestine phone calls he was getting from Jan. 27-31, 2020.They had already alerted the FBI and MI5.I'd never had trouble sleeping before, somet...Read More

China to double down on Ecuador copper

September 29, 2023 / www.mining-journal.com

Solaris is not officially in play, although it is looking at securing some US$80 million in finance to complete a feasibility study and advance Warintza through permitting.Read More

This Pentagon Program Is About to Pay Out Like a Slot Machine

September 29, 2023 / www.outsiderclub.com

For years, I've been following a little-known Pentagon program. An absolute game-changer.It's called "Skyborg."And it's as futuristic as it sounds.The idea is to start pairing fighter jets and bombers up with drones. From now on, every pilot gets a little buddy, a robot wingman.Some are launched from the ground, while others are small enough to deploy from underneath a jet's wing like a missile, o...Read More

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