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Dominion set to Re-open its Ekati Mine

November 15, 2020 / www.idexonline.com

(IDEX Online) - Dominion, the troubled Canadian miner, is to recall about 60 furloughed employees in the hope that that its Ekati mine will soon resume operations.The deposit has been closed since March and Dominion, the world's third largest producer of rough diamonds by value, subsequently filed for insolvency protection.It expects to reach agreement soon to restructure its debt and secure...Read More

It's Now or Never - Chance to Buy Elvis's 7.5-ct Diamond Ring

November 15, 2020 / www.idexonline.com

(IDEX Online) - Elvis Presley's custom-made gold ring, featuring a 7.56ct VS2 diamond, could fetch as much as $1m when it is auctioned later this month.It is among the headline lots at a sale of showbiz memorabilia in Los Angeles, USA.The ring was designed by the King with the TCB logo - Taking Care of Business - the name he gave to his band, together with a pair of lightning bolts.The ring (...Read More

Coronavirus: Fancy Color Diamond Prices Fall 0.7 per cent

November 15, 2020 / www.idexonline.com

(IDEX Online) - The price of fancy color diamonds fell by 0.7 per cent in Q3 after sales came to a halt in April because of coronavirus.The New York-based Fancy Color Research Foundation (FCRF) has produced its first quarterly index of 2020.  Business was to slow in previous quarters to provide sufficient data.Its figures compare Q3 2020 with Q4 2019 and show declines of -0.8 per cent for pin...Read More

Bull market for base metals likely to remain intact, says David Rosenberg at the Global Mining Symposium

November 15, 2020 / www.northernminer.com

The Northern Miner's Global Mining Symposium virtual conference this week - the second one this year - was yet another resounding success, with thousands of viewers tuning in from around the world to hear the views of some of the industry's leading visionaries and entrepreneurs. From Haywood Securities co-founder and Canadian Mining Hall of Fame inductee David Elliott to Rob McEwen of McEwen Minin...Read More

Madagascar shuts down 'illegal' gold mine but activists remain in legal limbo

November 15, 2020 / dlvr.it

Earlier this month, Madagascar's government suspended a controversial gold-mining operation in Vohilava commune in the country's southeast. Many local people welcomed the news, which comes after years of tension over the project's environmental and economic impact and a recent demonstration against it. In early September, local people who oppose the project destroyed company equipment, throwing [....Read More

Gold, the simple math

November 15, 2020 / dlvr.it

Potential exists for the dollar price of gold to rise more than 5-10 fold.Read full newsRead More

Questions Of The Silver Market Pricing

October 25, 2021 / www.juniorminers.com

Something seems out of whack in the silver market. Earlier this summer when silver prices were flirting with that $30 an oz pricing, you read all over the internet that physical silver was out of supply. If you wanted to buy physical silver you had to pay up front and then be put in queue for an order being that there just wasn't the silver available.Fast forward a few months to today and you find...Read More

2021 gold price target: 'not wildly bullish, just positive' - HSBC

November 14, 2020 / www.kitco.com

Nov 16, 2020 Guest(s): Jim Steel Senior Analyst, HSBC 2020 has seen a "phenomenal" inflow of gold-backed exchange-traded funds, fueling an investment-led rally, but while ETF inflows are still expected to be strong, 2020's level of inflows would be hard to keep up. Jim Steel, chief precious metals analyst at HSBC, said that gold will average a price of $1,965 an ounce in 2021, owing to competing...Read More

IN CASE YOU MISSED IT: 5 key stories from November 16

November 17, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday November 16 that are worth another look.Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.Prices and payables for...Read More

LIVE FUTURES REPORT 16/11: LME base metals complex rallies on vaccine news; Cu up 1.8%

November 17, 2020 / www.metalbulletin.com

The London Metal Exchange copper three-month price continued to break records on Monday November 16, with more than 30,000 lots of the metal exchanged by 5pm, a volume last reached in March 2020.Copper's three-month price opened at $7,142.50 per tonne on Monday, its highest since June 2018. The red metal's three-month price at the end of the day was $7,108.50 per tonne, a 1.8% increase from Friday...Read More

IAI launches initiative to improve bauxite residue sustainability

November 17, 2020 / www.metalbulletin.com

The International Aluminium Institute (IAI) has launched a roadmap to maximize alternative uses for bauxite residue to significantly reduce the waste material's social, environmental and economic impact, it said.Bauxite residue, also known as bauxite tailings or red mud, is a highly alkaline waste product composed mainly of iron oxide generated in the production of alumina. According to the IAI, b...Read More

This past week in gold

November 17, 2020 / www.321gold.com

Jack ChanPosted Nov 16, 2020Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal. Short-term signals can last for days and weeks and are more suitable for traders. COT data is supportive for overall higher gold prices.COT data is supportive for overall higher silver prices.Our ratio is...Read More

IN CASE YOU MISSED IT: 5 key stories from November 16

November 17, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday November 16 that are worth another look.Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.Prices and payables for...Read More

Futures up, ASX apologises

November 16, 2020 / www.mining-journal.com

"ASX is very disappointed with today's outage and sorry for the disruption caused to investors, customers and other market users," managing director and CEO Dominic Stevens said yesterday.The ASX and its technology provider Nasdaq said they had identified the root cause of the problem and would resolve it overnight before today's 10am opening.Elsewhere, markets closed higher yesterday and futures...Read More

Champion buys more iron on the cheap

November 16, 2020 / www.mining-journal.com

Kami is about 15km east of Champion's Bloom Lake mine, where the board last week pulled the trigger on an expansion to double production capacity to 15 million tonnes per annum over the next 18Read More

China, 14 other Asia-Pacific countries sign world's largest free trade deal

November 17, 2020 / www.metalbulletin.com

Fifteen countries signed up to the Regional Comprehensive Economic Partnership at the annual summit of the Association of Southeast Asian Nations (Asean) on Sunday November 15.The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 members of Asean plus Australia, China, Japan, New Zealand and South Korea. Together, the participating nations account for about 30% of global gross do...Read More

Siyata Mobile Partners with OnTech Smart Services ToLaunch Uniden (C) Cellular Signal Booster Installation Program Throughout the United States

November 16, 2020 / kincommunications.com

Vancouver, BC - Siyata Mobile Inc. (NasdaqCM: SYTA, SYTAW ) wholly owned subsidiary, Signifi Mobile Inc. ("Signifi"), is pleased to announce a partnership with OnTech Smart Services, a company dedicated to the installation, setup, and personalized education of smart products.Starting this Winter, Siyata's partnership with OnTech will bring installation services to the full range of Uniden (R) cell...Read More

IAI launches initiative to improve bauxite residue sustainability

November 17, 2020 / www.metalbulletin.com

The International Aluminium Institute (IAI) has launched a roadmap to maximize alternative uses for bauxite residue to significantly reduce the waste material's social, environmental and economic impact, it said.Bauxite residue, also known as bauxite tailings or red mud, is a highly alkaline waste product composed mainly of iron oxide generated in the production of alumina. According to the IAI, b...Read More

IN CASE YOU MISSED IT: 5 key stories from November 16

November 17, 2020 / www.metalbulletin.com

Here are five Fastmarkets stories you might have missed on Monday November 16 that are worth another look.Russia-based steelmaker NLMK's US subsidiary has reached a settlement with the United States government on a lawsuit regarding Section 232 tariffs on steel imports.Prices and payables for...Read More

GLOBAL SILICON SNAPSHOT: Prices continue rise on higher offers

November 17, 2020 / www.metalbulletin.com

Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday November 13.China The Chinese silicon grade 5-5-3 export price continued to gain strength, with deals concluded at the high end of the assessed range. Exporters kept raising offers after robust domestic prices. The rise in electricity prices in southern China, a tight supply of silica and the higher...Read More

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