(Reuters) - Shares of Nvidia Corp reversed course after markets opened to gain about 2.5 percent on Tuesday after shortseller Citron Research said it has bought the chip designer's stock."Citron buys $NVDA. This is the first time in 2 years stock offers an appealing risk-reward to investors. $NVDA still a player in AI and Data...will eat through inventory issue. We see $165 before we see 120," Cit...Read More
RAPAPORT...A bizarre press release from Alrosa landed in the RapaportNews inbox in early October, purporting to relay positive results from the"washing season of 2018" at one of its subsidiaries. What exactly occurs duringthe Almazy Anabara washing season, which "lasted from the twenties of May to the24th of September"? That much was a mystery. Since the text seemed to be aboutmining and productio...Read More
RAPAPORT... A bookkeeper at Lev Leviev's diamond business jumped to herdeath from the company's office at the Israel Diamond Exchange on Tuesday,according to local media. The 42-year-old woman had been questioned by police in aninvestigation into an alleged crime ring at LLD Diamonds, Globes reported.She was one of nine employees of the firm arrested since the probebegan, the report said. "W...Read More
RAPAPORT... Botswana Diamonds' loss grew over the past financial year asthe company faced several challenges to its operations, it reported this week. The miner recorded a loss of GBP 630,009 ($806,460) for the 12 months ending June 30, versus adeficit of GBP 161,868 ($207,200) the previous year, it said Monday. Thecompany incurred an impairment charge of GBP 179,524 ($229,800) at its S...Read More
Debswana Diamond Company today announced that Managing Director Mr Balisi Bonyongo will retire from the business with effect from 30 November 2018, following 26 years of dedicated service to the organisation.The Shareholders of Debswana have appointed Mr Albert Milton, currently General Manager of Jwaneng Mine, to take over as the company's Managing Director with effect from 1 December 2018. The S...Read More
The SPDR Gold ETF (GLD) has seen a surge in assets over the last month, even though gold has been a poor performer among investment asset classes this year.Volatility in stocks, a weakening U.S. dollar and any consistent signs of inflation picking up in the US economy could send gold prices back above $1,300. Mike Schnitzel, special to CNBC.com Published 8 Hours AgoUpdated7 Hours AgoCNB...Read More
European prices for mesh-quality wire rod were flat across the Northern and Southern parts of the continent on Wednesday November 21, while concerns over the import quotas imposed by the European Commission (EC) continued to grow.Fastmarkets' weekly domestic price assessments for mesh-quality wire rod in both Southern and Northern Europe stayed at ?,?540-560 ($616-639) per tonne delivered on Wedne...Read More
Gold is off to a stable start to the week.Speculators turn more bearish, the CFTC shows.ETF investors become more bullish, according to Fastmarkets.The vagaries of the dollar will play a key role in gold's monetary demand.The December FOMC meeting could mark a dollar peak and an acceleration in the gold rally. Verus, Oxue ? 1/4 ?? 1/2 '? 1/2 " Moises Miranda Lopez (Saatchi Art) Introduction Welcom...Read More
The World Diamond Council (WDC) has reiterated its support for the Kimberley Process (KP) certification scheme to end trade in conflict diamonds, while expressing concern over the progress in reforming its scope.In a press statement issued after the conclusion of the 2018 KP plenary meeting, in Belgium, the WDC said the KP plenary’s final communique of the submission by the Canadian governme...Read More
The precious metal broker, GoldCore, has opened a new storage facility in Dublin.The firm expects gold investors to move physical holdings out of London.After years of secrecy, London revealed the extent of its gold market on Tuesday.David Reid| @cnbcdavyPublished 10:20AM ET Tue, 20 Nov 2018Updated16 Hours AgoCNBC.com Waldo Swiegers | Bloomberg | Getty ImagesA worker lifts a gold bullion bar fr...Read More
(IDEX Online) - While reiterating its support for the Kimberley Process Certification Scheme (KPCS) as the most effective means possible to end the trade in conflict diamonds, the World Diamond Council (WDC) expressed concern that more progress was not made in reforming its scope during the 2018 KP Plenary Meeting that ended on November 16 hosted by the European Union in Brussels, Belgium. ...Read More
Aim-listed BlueRock Diamonds has recorded a grade of 4.51 carats per hundred tonnes (cpht) at KV1 – one of five known diamondiferous kimberlite pipes at its Kareevlei mine, near Kimberley, in South Africa.It is currently mining from two pipes at Kareevlei – KV1 and KV2.AdvertisementIt has now processed the first Level 1 ore from KV1 totalling 20 500 t, resulting in grades of between 3....Read More
(IDEX Online) - Sales of fine jewelry and fine watches rose by 5.3 percent in the U.S. market in September, when compared to the same month a year ago, as the graph below illustrates. The rise is the lowest seen so far this year, but is nonetheless a solid increase. Overall sales in September, the last month for which figures are available, were an estimated $5.5 billion, according...Read More
(IDEX Online) - A woman aged 42 who reportedly worked as a bookkeeper at Lev Leviev's LLD diamond company jumped to her death from the company's offices at the Ramat Gan bourse. The woman had been questioned by police under caution regarding an investigation into an alleged diamond smuggling ring that had been going for some years and amounted to hundreds of millions of shekels, a...Read More
Toronto-based Minera Alamos (TSXV: MAI) announced today it has received a positive notification from the Mexican environmental authorities regarding the permit application for the development of the La Fortuna gold project in the northern Durango state.The notification confirms the completion of the technical review phase of the company's application for the change of land use to build mining and...Read More
The latest news and price moves to start the Asian day on Thursday November 22.Base metals price changes on the London Metal Exchange were mixed at the close of trading on...Read More
Broda said BHP could get "first-mover advantage into the next cycle" if it sticks to its new framework."We therefore see BHP as likely much more active in M&A going forward, especially should the target have high-quality growth options," he said.The major's CFO Peter Beaven summarised the plan as looking earlier at possible big plays."We could lose all our investment on these if, for instance,...Read More
Published 22 Hours AgoUpdated5 Hours AgoReuters Gold prices rose on Wednesday in subdued trade ahead of a U.S. holiday amid weakness in the dollar.Spot gold was up 0.5 percent at $1,226.76 per ounce. U.S. gold futures rose $6.80 to settle at $1,228 per ounce."Gold is tracking the dollar movement," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong, adding "trading is expected...Read More
Zinc premiums narrowed in Southeast Asia but were stable elsewhere in the week ended Tuesday November 20 after zinc forward price spreads became the most widely backwardated since at least 2004. Lead premiums dropped in Taiwan, with lower offers moving levels down. Zinc cash/three-month price spread backwardation soars to $98 per tonne Taiwan lead premium falls pressed by increase in I...Read More
China continues to rely heavily on imported bauxite, with imports set to reach a five-year high of 70 million tonnes this year, Pi Jianqing, deputy manager of the non-ferrous department of Hanzhou Jinjiang Group, said last week. "China is expecting to import 70 million tonnes of bauxite in 2018. This [is the highest] since 2013, when the market stockpiled large quantities of bauxite on tightness c...Read More