RAPAPORT... Dominion Diamond Mines CEO Patrick Evans has resigned withimmediate effect after a year at the company, the miner confirmed to RapaportNews Sunday. Evans joined the Canada-based producer in November 2017 afterits $1.2 billion acquisition by Washington Companies. Prior to that, he was CEOof Mountain Province for 12 years. Shane Durgin, Dominion's chief operating officer, will take...Read More
(IDEX Online) - Lucapa Diamond Company says that diamonds from the Lulo mine in Angola will feature in an historic inaugural international tender under Angola's new diamond marketing laws recently approved by the President of Angola, Joao Lourenco, and the country's Council of Ministers. Sociedade Mineira Do Lulo, of which Lucapa is a partner, will showcase and sell seven large and exc...Read More
LONDON – Dominion Diamond CEO Patrick Evans has left the company, marking at least the third high-profile departure in less than a year at the Canadian miner, which is owned by billionaire Dennis Washington.Evans confirmed that he departed on December 5. Shane Durgin, who was COO, took over as CEO effective December 7, Evans said in a telephone interview Sunday. Evans said he plans to stay o...Read More
(IDEX Online) - Petra Diamonds Limited is selling off its interest in Helam Mining (Pty) Ltd in South Africa to Lindleys Mining (Pty) Ltd for a nominal consideration ZAR200 ($14) with immediate effect. Petra put the Helam mine on care on maintenance during FY 2015 following previous attempts to find a suitable purchaser, and no mining activities have been conducted by Petra since then. &nbs...Read More
(IDEX Online) - Stornoway Diamond Corporation said that the remaining tranches of financing announced on October 2 have been completed or approved for completion. A $10 million private placement with Ressources Qu?(C)bec Inc. acting as agent for the government of Qu?(C)bec, was completed on December 7. A 2-year deferral of principal payments on the Renard Mine Road Loan was authori...Read More
PERTH (miningweekly.com) – A 78 ct white diamond has been recovered from the Mothae diamond mine, in Lesotho.ASX-listed Lucapa Diamond Company on Monday reported that the large diamond was recovered through the new 1.1-million-tonne-a-year treatment plant, where commercial production was declared earlier this month.Advertisement“We are extremely delighted to have started our commercial...Read More
Welcome to Creamer Media’s Resources Watch, a weekly video round-up of the events and people making and shaping the news in the mining industry.This week:AdvertisementGold One launches R100m plant expansion projectOverly prescriptive policies threaten mine profitabilityAdvertisementAnd, Zest WEG Group delivers R200m electrical infrastructure solution at Petra’s Cullinan diamond mineGol...Read More
Sustained investment in people a big plus for consultancySPONSOREDbyrnecutMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsMOD's shares were down 17.65% Monday to A28c (US20c).The fall came despite the company, which has teamed up with Metal...Read More
Look beyond market approach to project valuations: van ZylLeadershipSustained investment in people a big plus for consultancySPONSOREDbyrnecutMahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumAs an agent for purchasers, PearTree would subscribe for up to 12.5 million flow-through shares at 41.3c, Sun Metals sa...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedUnder the agreement, South32 will provide US$1 million funding for generative work and acquisitions per year over two years.Generative work will focus on copper and other base metal projects within the Laramide and Tertiary magmatic arcs of Arizona, New Mexico and Utah.PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x lim...Read More
PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedThe country's copper imports fell for the first time this year, down 3% on the year, Bloomberg reported.China's iron ore imports fell for a second month in November, Reuters reported, pulled down by waning restocking demand at steel mills as profit margins narrow.PolarX builds bigger, richer Zackly pictureSPONSOREDpolar x limitedBl...Read More
Base metals continue to face headwinds from the ongoing trade dispute between the United States and China, but also from tension over the arrest of Huawei's chief financial officer, Brexit, social unrest in France and stuttering equity markets. Three-month base metals prices on the London Metal Exchange were down across the board on Monday December 10, with average losses of 0.5%, ranged between 0...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Index futures moved lower overnight on news that China has summoned the U.S. Ambassador to protest detention of Huawei's Chief Financial Officer, but recovered before North American equity markets opened. Conoco Phillips (COP $65.91) is expected to open higher after the company announced...Read More
John Bogle, an entrepreneur, true capitalist and the founder of one of the world's largest mutual fund companies, wrote in his book The Battle for the Soul of Capitalism concerns about the retirement system as a whole.We're in a crisis. But luckily, there's a solution for those smart enough to listen.He takes aim at CEOs of investment firms and believes retirement is going to be the next big finan...Read More
We begin today where we ended yesterday - confused - and dizzied.Down some 400 points from yesterday's start, the Dow Jones sank nearly 800 points by afternoon.The stock market had been routed by renewed gunfire in the trade war.Upon American "request," Canadian police arrested the CFO of China's largest telecommunications company at Vancouver airport.Chinese officials denounced the arrest in thun...Read More
When I first wrote my best-selling book, An American Hedge Fund, several "financial experts" told me straight up that I was crazy.They didn't think average retail investors and traders would understand my niche strategy that, I'll admit, was definitely not "buy and hold."That is the mainstream's main investment strategy, a strategy that at best earns them 10% a year, maybe 20% in a truly exception...Read More
Closed yesterday to sob for Bush, Wall Street reopened for business today.It should have stayed closed.The stock market resumed precisely where it left off Tuesday... when the Dow Jones plunged 799 miserable points.It opened today down another 400 or so - and kept going.Only a miraculous late rally reversed the 780-point spiral... and the index closed just 77 points in red.Both the S&P and Nas...Read More
Longitudinal section of the Goldboro deposit looking north. (Image: Anaconda Mining)NOVA SCOTIA - Anaconda Mining of Toronto has filed an updated 43-101 report for the resources at its Goldboro gold project 175 km northeast of Halifax. The deposit is now thought to contain 3.8 million measured and indicated tonnes grading 4.96 g/t gold and containing 602,700 oz. The inferred estimate is 2.1 millio...Read More
Never afraid to back his own judgement, or take risks leaders of other mining companies might avoid, Glasenberg looks like a man who needs to make changes to the way he operates.&...Read More
A pair of lightweight chainsaw chaps for forest firefighters took the top prize at the Fall 2018 Cornerstone Design Final Competition on Dec. 5. A total of 26 student teams from Introduction to Design (EDNS 151) exhibited their projects at the final competition, representing the top team from each class section.Blaster Disaster Rescue Crew won first place and $1,000 for their innovative personal...Read More