Gold futures notched a gain on Thursday, with the precious metal finding some haven demand alongside a weaker dollar index and sharp tumble in stock trading. "If gold was ever going to stage a meaningful rally it will be now: stocks and yields are falling and dollar is isn't doing too great either, apart from against commodity currencies, owing to the ongoing risk-off trade," said Fawad Razaqzada,...Read More
China's monthly copper imports dropped for the first time this year - joined by declines in iron ore and soybeans - as economic growth slows in the world's biggest consumer of commodities amid a simmering trade row with the U.S.Oft-cited as a market indicator for economic health, the metal has been under pressure since the summer, threatening to unwind a three-year rally. Goldman Sachs Group Inc....Read More
In a series of talks that took place within the COP24 summit in Katowice, Poland, defenders of the circular economy highlighted the importance of including mining of rare earth metals into their discussions.Based on a research document focused on the Netherlands and prepared by consulting and venture building firm Metabolic, the experts agreed that resources are the missing link in the climate deb...Read More
RAPAPORT... Petra Diamonds has offloaded its Helam mine in South Africa fora total price of ZAR 200 ($14). Petra put the asset on care and maintenance in 2015 after failingto find a suitable buyer, and hasn't carried out any mining there since. It hasnow sold it to Lindleys Mining to support a South African government program toprolong the lives of deposits facing closure, Petra said last week. T...Read More
RAPAPORT... Global Witness is calling for improved transparency in Zimbabwe's diamond sector, pitching it as a test case for the new president's economic reforms."The new government's handling of the Marange diamond industry will be a clear indication of whether its commitments to economic reform and anti-corruption go beyond lip service," Sophia Pickles, campaign leader for the organization,...Read More
RAPAPORT... Canada's Northwest Territories (NWT) has abolished its banon diamond manufacturers sending rough to other locations for processing,potentially enabling significant cost savings for the industry. Rules in place since 1999 have required the region's cutting-and-polishingfirms to keep all their goods inside the NWT for manufacturing. That has restrictedgrowth, as diamonds cost about...Read More
RAPAPORT... Blue Nile has appointed former Starbucks executive AlexandraWheeler as chief marketing officer. Wheeler will lead the company's brand-marketing andcustomer-experience teams. She will focus on creating an "integrated andmeaningful brand experience" for Blue Nile's digital customers, Blue Nile CEOJason Goldberger said last week. Wheeler was vice president of global digitalmarketing...Read More
RAPAPORT... Sotheby's has divided the responsibilities of its chief operating officer, hiring two new executives to replace the departing Adam Chinn.The auction house has appointed John Cahill (pictured, above), a founding partner of art-law firm Cahill Cossu Noh & Robinson, and former general counsel at Phillips, as executive vice president and chief commercial officer. He will be respon...Read More
(IDEX Online) - The global diamond industry emerged stronger in 2017 with 2 percent growth across all segments of the value chain, following a period of high volatility, according to the Bain & Company report on the industry's performance in 2017 and the first half of this year. In line with positive luxury market trends, global diamond jewelry sales grew last year, fueled by stro...Read More
(IDEX Online) - Lucapa Diamond Company said that commercial diamond recoveries have commenced at the new treatment plant at the Mothae diamond mine in Lesotho. Managing Director Stephen Wetherall said the commencement of commercial recoveries through the new 1.1Mtpa Mothae plant represented another key milestone in Lucapa's strategic development plan. "Lucapa is on track to become on...Read More
One of the major drags on the market, besides trade wars, has been uncertainty about whether the Fed will raise rates this month. Despite the verbal bravado of Federal Reserve Chairman, Jerome Powell, over how strong the U.S. economy is, he doesn't live in a vacuum.Powell's borne the brunt of President Trump's recent accusations that the Fed's hikes are what's hurting the stock market and threaten...Read More
Colombian Forjando Futuros foundation issued a report accusing 33 companies and 150 individuals, both foreign and Colombian, of forcing people living in rural communities out of their land.According to the document, the forced displacement was ordered by the firms and individuals but executed by either the National Army or the guerrilla group known as the Revolutionary Armed Forces of Colombia.The...Read More
Canada is already freezing, and if you don't have a good winter jacket to battle the cold, this is the perfect gift for you from Sport Chek.Read full newsRead More
"Do #miningexecutives lack confidence to address 'soft' risks? Register for our free #GlobalLeadershipReport webinar and join the discussion: https://t.co/8t5UVEMo3i #leadership #mining @SwannGlobal"Read full newsRead More
Joe Fortes is giving away an epic four-course seafood dinner for two plus wine pairings in Daily Hive's 12 Days of Giveaways!Read full newsRead More
Minichiello is in the business of making memories, and that's exactly what you'll get with this diamond ring in the 12 Days of Giveaways!Read full newsRead More
For the Eastern Washington town of Republic, dreams of revival rest on a new approach to gold mining.Read full newsRead More
For the Eastern Washington town of Republic, dreams of revival rest on a new approach to gold mining.Read full newsRead More
"Gold Resource Corporation Expands Arista Mine Drilling 16.95 Meters of 6.21 g/t Gold and Discovers New Mineralized Southwest Veins https://t.co/V5Tls0O8QY"Read full newsRead More
"NG Weekly: Narrow Balance Development, 4.231s-4.63s, As Two-Sided Trade Continues Around Developing High Volume Node, 4.517s. https://t.co/QwofrGKICY"Read full newsRead More