Peru must shake up its electoral system and root out graft before the 2021 election to restore faith in its political leadership following the country's biggest-ever bribery scandal, President Martin Vizcarra said.The government is urging the opposition-controlled Congress to debate a series of bills with new rules on campaign financing and selecting candidates. Congress has little more than a yea...Read More
Dr. John-Mark Staude, president and CEO of Riverside Resources, sits down with Maurice Jackson of Proven and Probable to discuss his company's just-announced exploration funding agreement with BHP.Maurice Jackson: Joining us for a conversation is Dr. John-Mark Staude, the president and CEO of Riverside Resources, Where Knowledge is Golden.Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB has some b...Read More
Here are five Fastmarkets MB stories you might have missed on Friday May 17 that are worth another look.The United States will give a 180-day window to its auto trading partners to reduce imports of automobiles and certain automobile parts, essentially delaying potential Section 232 tariffs on these products, the White House said on Friday May 17. On the same day, US President Donald Trump an...Read More
RAPAPORT... Jewelry sales at Richemont - the owner of Cartier and VanCleef & Arpels - increased 10% in the past fiscal year, with sales growing in all regions and channels. Proceeds from the category rose to EUR 7.08 billion ($7.91billion) in the 12 months ending March 31. Sales in the watch divisiongrew 10% to EUR 2.98 billion ($3.33 billion), the company reported Friday. The results ref...Read More
RAPAPORT... Alrosa's profit decreased in the first quarter as its sales mix shifted to lower-value goods. Net profit fell 27% year on year to RUB 24.1 billion ($371.6 million) forthe period, the miner said last week. Revenue plummeted 27% to RUB 70.49 billion ($1.09 billion), while the average price forgem-quality diamonds dropped 20% to $123 per carat. Rough-diamond sales decreased 37% to $...Read More
RAPNET PRESSRELEASE, May 19, 2019, Las Vegas ... RapNet,the world's largest marketplace for diamonds and jewelry, is releasing its newjewelry trading platform to the industry. Following extremely positivereactions when RapNet introduced its new jewelry marketplace to members inJanuary this year, the platform is now making jewelry trading available to thewider industry. Retailjewelers and deal...Read More
RAPAPORT... Lucapa Diamond Company has recovered a 130-carat, gem-qualitydiamond from its Lulo alluvial mine in Angola. The stone is the miner's 13th over 100 carats todate, and its second in that size category this year, it said last week. It found a128-carat, white, type IIa stone in February. The company expects to sell those two diamonds, along with a62-carat white diamond and several fa...Read More
Debmarine Namibia, a 50/50 joint venture between the Government of the Republic of Namibia and De Beers Group, announced it will begin with the construction of the world's first ever custom-built diamond recovery vessel. The new vessel is expected to cost US$468 million (N$7 billion) and represents the largest ever single investment in the marine diamond industry. The ship will become the sev...Read More
Roman Serov of Octonus (Finland, Russia), a leading diamond technology developer and Dr. Olga Okhrimenko, of Cutwise.com, presented "Diamond Impression -The Key to Sustainable Competitiveness" Dr. Okhrimenko began by asking a set of confronting questions, addressing the challenges retailers face when trying to sell diamonds to consumers, and, not less important, how develop repeat customers and se...Read More
As JCK Las Vegas 2019 quickly approaches, The Plumb Club will be offering buyers new attractions at what it calls a "state-of-the-art pavilion." The Plumb Club will be hosting its annual Breakfast Symposium on Saturday, June 1. Registration is required. This year, the Plumb Club is staging its new "Radiant Universe Planetarium Show." By using trend data acquired through market and consu...Read More
The possibility of an oversupply of lithium chemical is a myth, the president of California-based Global Lithium, Joe Lowry, said this week.Addressing the audience at the conference Paydirt 2019 Latin America Downunder, Lowry blamed the spread of such a 'myth' on 'big bank' analysts and the Chilean regulator CORFO.In Lowry's view, there have been misunderstandings regarding CORFO's reports related...Read More
Hot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corp"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingThe sedimentary-hosted copper-silver mineralisat...Read More
Hot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resourcesWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corp"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingThe programme will focus on exploration leading...Read More
Martin Elvis, senior astrophysicist at the Smithsonian Astrophysical Observatory in Cambridge, and Tony Milligan, a philosopher at King's College London, collaborated on a study that concludes that humans should be allowed to mine only one-eighth of eligible planets, moons and asteroids, leaving 85% of the solar system untouched.As companies get closer to developing technologies that allow them to...Read More
The stock market is in an interesting place today.Investors have enjoyed a significant rally in the first part of 2019, and despite all the recent turmoil and potential threats, the TSX Index and the major U.S. exchanges continue to sit near record levels.Two things come to mind. Either the market simply doesn’t believe the U.S. will extend the trade battle with China or go to war with Iran,...Read More
With new metals investors in mind, here are four of the top mining stocks currently trading on the TSX Index, and worthy of a place in a new portfolio.The top choice for copper bullsWith its share price down 5.27% in the last five days, Lundin Mining (TSX:LUN) is cheap as chips at the moment, and my top suggested metal stock to buy for a brand new portfolio. Discounted by more than 50% of its fair...Read More
If there is one issue that nearly every presidential candidate agrees on, it is the legalization of marijuana.In fact, Sen. Cory Booker went as far as to introduce a bill that would legalize marijuana nationwide, expunge federal convictions, and allow those prosecuted for use to petition the courts for shorter sentences.And he's doing this with four of his presidential rivals as co-sponsors.As you...Read More
May 20, 2019 Guest(s): Rob McEwen The commodities markets are cyclical, and we are about to enter a bull phase in which mining stocks become much more valuable relative to the broad market, said Rob McEwen, chairman of McEwen Mining. McEwen said that currently, several factors play a key role in determining the direction of gold prices, most important of which is the U.S. dollar."One of the pri...Read More
May 20, 2019 Guest(s): Matt Geiger Managing Partner, MJG Capital The vast majority of junior miners are not investable, so investors have to be extremely selective, said Matt Geiger, managing partner of MJG Capital. "I'm a big believer of Pareto's Law, that the top 20% of any population is going to result in 80% of the value, and if you take that a step further, the top 4% of any population is g...Read More
Here Are 3 Hot Things to Know About Stocks Right Now Stocks fell broadly Monday, with the tech-heavy Nasdaq faring the worst of the three major indexes on fallout from the blacklisting of China's Huawei. Google (GOOGL - Get Report) suspended business with Huawei and prevented the company from accessing critical portions of its Android mobile phone platform. Sprint (S - Get Report)...Read More