Peru's Minister of Energy and Mines, Francisco ??smodes, and the Vice-Minister of Territorial Governance, Ra??l Molina, held a meeting this weekend with the Cusco Regional Governor, Jean Paul Benavente, where they addressed the situation regarding a blockade affecting Las Bambas copper mine.For 48 days now, the Indigenous community of Nueva Fuerabamba has blocked Chinese miner MMG Ltd from using a...Read More
Here are five Fastmarkets MB stories you might have missed on Friday March 22 that are worth another look.As of March 23, it has been a full year since US President Donald Trump's administration imposed tariffs against imported steel and aluminium under Section 232 of the Trade Expansion Act of 1962, which allows the president to place restrictions on imports on national security grounds. On the f...Read More
RAPAPORT... Jeweler Coronet has achieved a new Guinness World Record for themost diamonds set on a watch, it said Friday. The watch, named Mudan, which is Chinese for peony -the "king of flowers" in Chinese culture - features 15,858 diamonds,weighing a combined 50.01 carats. The piece is set in 18-karat gold, and has a 3-D dial painted by jeweler and artist Reena Ahluwalia to look like a diam...Read More
RAPAPORT... The devaluation of the Canadian dollar pushed Mountain Province to a loss in 2018, even as sales grew strongly in the first full year of commercial operations at the Gahcho Ku?(C) mine.The miner reported a net loss of CAD 18.9 million ($14.1million), compared with a profit of CAD 17.2 million ($12.8 million) in 2017,it said last week. The miner sells rough in US dollars, but...Read More
RAPAPORT... Tiffany & Co. reported its best ever annual sales in 2018, despite the challenging economic environment that caused a slowdown in the fourth quarter. "In 2018...net sales surpassed levels not seen since 2014," said Tiffany CEO Alessandro Bogliolo. "Softer trends in the second half of the year reflected, in part, what we believe were external challenges and uncertaint...Read More
The world's top diamond producer by output, Alrosa (MCX:ALRS), ran an experiment at its Zapolyarnaya pipe, which is a part of the Verkhne-Munskoye deposit in the west of Yakutia, and found that the area has the potential to become one of its richest in large diamonds deposits.The test, which took place from March 11 to March 15, 2019, consisted in feeding the processing plant N12 in the town of Ud...Read More
RAPAPORT... A twin-stone blue diamond ring will be the top lot at nextmonth's Christie's New York auction, with a presale estimate of $6 million to $8million. The piece, bearing two pear modified brilliant-cut, fancy-vivid-blue, VS2-clarity diamonds weighing 3.06 and 2.61 carats, will go underthe hammer at the Magnificent Jewels sale on April 16, the auction house saidlast week. Christie's w...Read More
Alrosa predicts that the Zapolyarnaya pipe in its Verkhne-Munskoye diamond deposit in west Yakutia may become one of its richest sources for large diamonds. During a week-long experiment conducted earlier this month, about 100,000 tons of ore from the Zapolyarnaya pipe was processed with the goal to establish the quality, color and clarity grades of the diamonds samples and to assess the cost per...Read More
RAPAPORT... Gem Diamonds has recovered a 161-carat rough stone, the first over 100 carats it has reported this year. It found the high-quality, white, type IIa diamond on March 21at its Let??eng mine in Lesotho, the company said Friday. Last year, Gem Diamonds found 15 stones weighing more than100 carats, a record for the company. That haul included the 910-carat LesothoLegend, which sold fo...Read More
The American Gem Society (AGS) will honor three leaders in the jewelry industry at its annual Circle of Distinction Dinner on Tuesday, July 30 at the Plaza Hotel in New York City.Alan M. Zimmer, President and CEO of REEDS Jewelers, Inc., will receive the AGS' Lifetime Achievement Award for his significant contributions to the industry throughout his career. Caryl Capeci, President, Chow Tai Fook N...Read More
Aron Shum, principal of the Hong Kong-based Coronet company, established yet another Guinness World Record, this time for a watch set with most diamonds. The feat was achieved during the earlier this month during Baselworld, the prestigious Swiss watch and jewelry trade fair. It was Coronet's 9th Guinness World Record. The 'Mudan' diamond watch features 5,858 diamonds. The 18-karat gold...Read More
"Attendance was excellent, and people were in a spending mood" is how Dave Siminski, vice president of sales and marketing at United Precious Metal Refining in Alden, New York, described the atmosphere of the 2019 MJSA Expo, which ran March 10-12. Siminski--was among the many exhibitors at this year's show,. Over the course of those three days, more than 3,000 buyers crowded the aisles at New...Read More
British-based trading and investment group Energy Financing Team (EFT) said on Saturday it will take its 300 megawatt (MW) Stanari coal-fired power plant in northern Bosnia offline for a 35-day overhaul from March 25.The Stanari power plant in Doboj is the first privately-funded power plant in the Western Balkans which came online in 2016. It produced 2,056 gigawatt hours (GWh) of electricity in 2...Read More
ENDEAVOUR ACHIEVES FIRST GOLD POUR AT ITY CIL PROJECT 4 MONTHS AHEAD OF SCHEDULE View News Release in PDF HIGHLIGHTS Over 8.5 million man-hours have been worked without a lost time injury The ...Read full newsRead More
ENDEAVOUR ACHIEVES FIRST GOLD POUR AT ITY CIL PROJECT 4 MONTHS AHEAD OF SCHEDULE View News Release in PDF HIGHLIGHTS Over 8.5 million man-hours have been worked without a lost time injury The ...Read full newsRead More
"Coming soon! #Cookies #Beverages #Drinks #Beer #Alcohol #Copacking #Distribution #Transportation #CEO #Formulation #Edibles #THC #California #USA #Investing"Read full newsRead More
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Precious metals were supported by a down dollar after the US Federal Reserve decision to pause interest rate hikes for 2019.Read full newsRead More
"Video Interview - Chantelle Schieven, research head at Murenbeeld & Co.: Ignore the Day to Day - Gold is a Long-term Investment. https://t.co/oityE0W8NQ #gold #investing"Read full newsRead More
Rio Tinto, the world's No. 2 iron ore miner, said on Sunday it was suspending rail operations in the Pilbara region and mining at the Robe Valley operations in Western Australia as a severe tropical cyclone hit the state's far north.The suspension comes after Rio, BHP, and Fortescue on Thursday cleared their ships from ports ahead of Cyclone Veronica, which reached land south of Port Hedland, the...Read More