Feriel Zerouki, Senior Vice President of International Relations and Ethical Initiatives, De Beers Groupis the recipient of the 2019 Initiatives in Art and Culture Award for Leadership in Responsible Practice in Jewelry, Initiatives in Art and Culture (IAC) announced. With the award, Zerouki is recognized "for elevating the conversation internationally on sustainability through the De Beers...Read More
Angola plans to stop using its oil production to obtain loans or credit from other countries, such as China, Brazil and Israel. Speaking to the TASS news agency, the Angolan president, Joao Lourenco, said that this also concerned China, from which Angola had received many billions of dollars in loans for the reconstruction of the country, after the end of the civil war."The amount of oil we export...Read More
RAPAPORT... Firestone Diamonds decreased its net loss in the first fiscalhalf, as sales grew despite weak prices,the miner said Thursday. The company reported a loss of $6.6 million fromits Liqhobong mine in Lesotho for the six months ending December 31, comparedwith a loss of $7.8 million the previous year. "The second half of 2018 saw a global price slump in thesmaller, lower-value goods, w...Read More
Stornoway reported a net loss of C$329.4 million for 2018 compared to Net loss of C$114.2 million in 2017. In 2018, Stornoway sold 1,038,967 run-of-mine carats for gross proceeds of C$141 million at an average price of US$105 per carat. The company sold an additional 164,322 carats of supplemental diamonds for gross proceeds of C$3.5 million at an average price of US$16 per carat. Patrick Godin,...Read More
Petra, one of the junior diamond miners that is suffering from stock value undervaluation, pulled a 425.10-carat Type II white rough diamond from its famous Cullinan diamond mine Petra Diamonds announced that it has recovered a 425.10 carat D colour Type II gem quality diamond earlier on March 29 from its famous Cullinan Diamond Mine. In its announcement, Petra said that "this recovery further de...Read More
In the following interview excerpt, iron ore expert Matt Simpson, co-founder and CEO of junior Black Iron (TSX: BKI; US-OTC: BKIRF), explains the new landscape for iron ore markets worldwide in the wake of Vale's horrific tailings-dam disaster near Brumadinho in Brazil, which has resulted in 10% of the world's iron ore pellet production being removed from the market.Matt SimpsonBefore heading up B...Read More
A plant explosion in China's Jiangsu province has killed seven people, authorities said on Sunday, the second deadly blast in the province this month as Beijing begins a nationwide industrial safety inspection campaign.Sunday's blast involved a container of scrap metal that exploded in the outdoor yard of a metal-molding plant in a bonded area in the city of Kunshan, causing the plant to catch fir...Read More
AngloGold Ashanti Ltd. is complying with an order from South Africa's Department of Mineral Resources to amend its mining rights to reflect black economic empowerment, the company's spokesman Chris Nthite said.The world's No. 3. gold producer may have contravened black economic empowerment rules tied to its mining rights when it awarded a 4.5 percent stake to employees instead of 6 percent, City P...Read More
Reed Gold Mine is celebrating another North Carolina treasure with its inaugural Barbecue Festival Saturday, April 13, 10 a.m. to 4 p.m.Read full newsRead More
Bond yields are crashing in major markets all around the world as there are fears of a global economic slowdown. Read for details.Read full newsRead More
Federal mine safety officials have cited an Idaho-based company for inadequate safety controls at a gold mine it operates in northeast Nevada where a worker was killed in an underground collapse in October.Read full newsRead More
Scientists from Rice University, Argonne National Laboratory and Northwestern University discovered that when heated in a furnace and place on a gold surface, boron atoms dissolve into a bath of gold and when the materials cool down, they resurface in the form borophene.Borophene is the atom-flat form of boron.Illustration by Luqing Wang | Rice University.In a press release, the researchers explai...Read More
"Bluestone Resources is an advanced gold project thats looking to become the next gold producer Read their feasibility now: https://t.co/vwveNe0ftJ#bluestoneresources $BSR #gold #mine #momentumstocks #bsr #cerroblanco #exploration #goldcorp #mining"Read full newsRead More
"Precious Metals Weekly Round-Up: Gold Takes a Tumble, the US Dollar Regained Momentum and Equities Became Stronger. https://t.co/uesKnfk3Sb #preciousmetals #gold #investing"Read full newsRead More
Non-profit organization Geoscience BC is planning a new airborne survey to help identify mineral potential on northern Vancouver Island, in the western Canadian province of British Columbia.According to the NGO, every time its team runs projects like this one, new investment comes into the region at hand as the data is used to inform mineral exploration and development decisions by the mining sect...Read More
Polish miner KGHM and a union representing workers at its Sierra Gorda copper mine in Chile have come to an agreement over contract talks, the head of the union told Reuters, heading off the threat of a strike.Maykel Ocayo, president of Sierra Gorda's 520-member Union 1, told Reuters in a message that workers had voted on Saturday in favour of accepting an offer from the company with a roughly two...Read More
The major silver miners have rallied higher on balance in recent months, enjoying a young upleg. That's a welcome change after they suffered a miserable 2018. Times are tough for silver miners, since silver's prices have languished near extreme lows relative to gold. That has forced many traditional silver miners to increasingly diversify into gold. The major silver miners' recently-released Q4'18...Read More
Vancouver's Teck Resources and Japanese partner Sumitomo Metal Mining and Sumitomo Corp. have closed their $1.2-billion transaction giving Sumitomo a 30% indirect interest in the Quebrada Blanca copper project.The Quebrada Blanca property is 240 km southeast of Iquique at an elevation of 4,400 metres.Teck received the final permit to go forward with a $4.7-billion expansion at the mine and mill in...Read More
Gold has been asleep at the wheel for seven or eight years.Even its most ardent supporters are questioning their allegiance. I've talked to brokers who've gotten out of the space entirely. The cannabis commissions are easier, more plentiful, and the stocks have actually been going up.There's really been no reason for anyone to pay attention to gold after it did its thing post-2008. Free money from...Read More
The former Nanticoke Generating Station site, located on the northern shore of Lake Erie, has been transformed into a 44-megawatt clean energy facility that hosts 192,431 solar panels across 260 acres.The project has just been completed by PCL Construction, a company that was commissioned to design, engineer and build it, as well as supply the photovoltaic solar panels and racking system. Behind t...Read More