South Africa's largest gold producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), as the other top gold and platinum producers in the country, are preparing to hold wage negotiations in Q2-2019, and are bracing themselves to what is coming up, in particular with the belligerent Association of Mineworkers and Construction Union or AMCU.AMCU was responsible leading 70,000 mineworkers in the longest, mo...Read More
Gold demand was robust in India and Singapore this week as a correction in prices ahead of a key gold-buying festival boosted purchases even as major centres like China and Japan were closed for most of the week due to holidays.Gold demand spiked in India as a fall in prices to the lowest level in more than four months boosted retail purchases."Jewellers are aggressively buying as retail demand ha...Read More
A team of German scientists published a paper this week where they state that, following a series of lab experiments, they discovered that the concentration of gold in the so-called 'fool's gold' is directly dependent on the content of arsenic in the pyrite where the gold is encrusted.Fool's gold is very common in the Carlin-type gold deposits that are found in Nevada. In those areas, which are re...Read More
Global steel billet prices were stable or continued downward in most regions following weak demand and lower scrap prices during the week ended Friday May 3.Global ferrous scrap prices trended downward due to low demand and high inventories held by steel mills.Fastmarkets daily index of North Europe-origin HMS 1&2 (80:20), reached $296.04 per tonne cfr Turkey on Friday, down from $303.55 per tonne...Read More
Learn how to protect savings and maximize returns by investing in precious metals.Gold Trust would like to announce the newest edition of its guide to precious metals, perfect for anyone hoping to safeguard their investments and retirement!And today, they are giving away a free copy of their Investor's Guide to Precious Metals 2019!Their goal is to help regular investors learn the "pro" secrets...Read More
Welcome to this week’s Market Wrap Podcast, I’m Mike Gleason.Coming up we have an eye-opening interview with Bill Holter of JS Mineset. Bill weighs in host of topics including our incredibly broken and phony markets, the truth behind why governments hate gold so much, and the real reasons why China and Russia are eagerly amassing huge gold positions.Bill also highlights some tell-tale...Read More
It lookslike crude oil is set for a sizable weekly decline. After yesterday’s plunge,the market looks to have stabilized today. But is it really so? In today’sanalysis, we’re bringing you the details. We objectively reveal what to expectnext. Either the bulls or the bears won’t like it. Who do you think it’ll be?Let’s takea closer look at the chart below (charts...Read More
Here are five Fastmarkets MB stories you might have missed on Friday May 3 that are worth another look.An agreement in next week's labor negotiations at Codelco's Chuquicamata mining and smelting division could prove tough to secure, Fastmarkets learned on Friday May 3. Codelco has invited unions No 1, 2 and 3 of the Chuquicamata division to hold talks about work contracts in Calama in northern Ch...Read More
Gold futures climbed Friday, recouping some of the sharp loss from a day earlier that sent prices to their lowest level of the year, but the precious metal still registered a loss for the week-their fifth in six weeks. Data Friday revealed that the U.S. created a larger-than-expected 263,000 new jobs in April, which helped the unemployment rate fall to a 49-year low of 3.6%. In reaction, however,...Read More
Here are five Fastmarkets MB stories you might have missed on Friday May 3 that are worth another look.An agreement in next week's labor negotiations at Codelco's Chuquicamata mining and smelting division could prove tough to secure, Fastmarkets learned on Friday May 3. Codelco has invited unions No 1, 2 and 3 of the Chuquicamata division to hold talks about work contracts in Calama in northern Ch...Read More
Following a two-month blockade that ended in mid-April, negotiations are still ongoing between Peruvian authorities, the community of Nueva Fuerabamba and Minera Las Bambas, a joint venture project between MMG, a wholly-owned subsidiary of China's Guoxin International Investment, and CITIC Metal Co. Ltd.On May 6 and 7, a new meeting is to be held as the community is pushing for two bills before Co...Read More
Zambia will pay off all outstanding legitimate VAT refunds, but plans to press ahead with a new non-refundable sales tax despite criticism from some businesses as it strives to cut debt, its finance minister said on Friday.The proposed tax change in Africa's second biggest copper producing nation has upset the mining community, which has said the country is deterring new investment it desperately...Read More
RAPAPORT... Gemfields has discovered illegal miners working formodern-slavery syndicates at its Montepuez ruby mine in Mozambique, after noticing a rise in the number of deaths caused by illegal-pit collapses at the site. The miners, some of whom are juveniles, are poverty-strickenand unemployed individuals recruited by well-financed syndicate leaders ormiddlemen, Gemfields said last week. Th...Read More
RAPAPORT... Retail sales of jewelry and other luxury items dropped inHong Kong in the first quarter, amid ongoing caution in the consumer market. Revenue from jewelry, watches, clocks and other valuablegifts fell 2.7% year on year to HKD 22.38 billion ($2.85 billion) for the threemonths ending March 31, the municipality's Census and Statistics Departmentreported last week. Sales in all r...Read More
RAPAPORT... James Allen has launched sales of lab-grown diamonds,marking parent company Signet Jewelers' entry into the synthetics market. The e-commerce business, which Signet acquired in 2017,now gives consumers the option of "earth-created" or "lab-created" stones onits retail page. James Allen is offering lab-grown as center stonesfor engagement rings, promising "up to 30% more size for the sa...Read More
RAPAPORT... The Diamond Producers Association (DPA) will launch acampaign in India encouraging new parents to celebrate the birth of a child by purchasing a diamond. Based on the DPA's consumer research, 39% of Indianconsumers consider the birth of a child to be an auspicious occasion for buyingjewelry, it explained last week. The new campaign will follow up on the initial Real is Rare...Read More
RAPAPORT... Pink fancy-color diamonds outperformed other major colorcategories in price terms during the first quarter, the Fancy Color ResearchFoundation (FCRF) said. "At a time of diamond-market uncertainty, fueled by growingwhite-diamond inventory and the emergence of lab-grown diamonds, mostcategories of fancy-color diamonds are showing continued pricing stability,with the pink segment po...Read More
White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsIt's remarkable how often over the past 15 years the debt advisory team at Noah's...Read More
South Africa's largest gold producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), as the other top gold and platinum producers in the country, are preparing to hold wage negotiations in Q2-2019, and are bracing themselves to what is coming up, in particular with the belligerent Association of Mineworkers and Construction Union or AMCU.AMCU was responsible leading 70,000 mineworkers in the longest, mo...Read More
Disney's second feature adaptation of one of its classic tunes this year, Aladdin, hit tracking today with a combination of industry and tracking projections betting $70M-$90M over four-days....Read full newsRead More