The gargantuan global debt bubble is now imploding at an astounding and terrifying rate, with the virus acting as a catalyst to speed up the process thanks to the lockdowns and the massive economic disruption that they are causing. The global economy is coming to a dead stop, with the airline, catering and tourism industries the first victims and already largely destroyed in the space of just a...Read More
RAPAPORT... Alrosa is set for its lowest annual rough-diamond production in at least a decade, after the Russian miner reduced its outlook by up to 6 million carats due to the weak market.The company now expects to produce 28 million to 31 million carats this year, compared with an earlier plan of around 34 million carats, it said Friday.It will achieve this by shutting mines containing lower...Read More
RAPAPORT... Dominion Diamond Mines has agreed to an asset sale that would allow it to resume mining operations and avoid bankruptcy.The deal, which is subject to court approval, would provide an affiliate of the Washington Companies - which purchased Dominion for $1.2 billion in 2017 - with the right to acquire all of Dominion's assets for approximately $126 million. The affiliate would also...Read More
RAPAPORT... The Responsible Jewellery Council (RJC) has expanded its board and appointed seven trade members to represent different parts of the supply chain.New board members include Feriel Zerouki, RJC honorary treasurer and senior vice president of international relations and ethical initiatives for De Beers, as well as Matthew Kilgariff, the council's honorary secretary and director of co...Read More
(IDEX Online) - One of the world's more unusual diamond mines - a dig-your-own family attraction in Arkansas, USA - has reopened after state lockdown rules were eased.Visitors pay $10 a day to sift the soil of a plowed field at the Crater of Diamonds State Park, near Murfreesboro, and keep whatever they find.Diamonds were first discovered there in 1906 by a farmer who owned the 37...Read More
(IDEX Online) - Traders and merchants in India have been crowding outside private vaults to retrieve their diamonds, after lockdown rules were finally eased. Authorities in Surat, the cut-and-polish hub, have allowed factories and workshops to resume production with up to half their staff, providing they follow strict guidelines on sanitizing and social distancing. Security companies that operate...Read More
De Beers has been given permission for a long-term clean-up at the site of its ill-fated Snap Lake mine, in Canada. The company invested over $2.2bn in its first mining project outside Africa. Snap Lake (pictured) had an expected 15-year life when it opened in July 2008, but was closed seven-and-a-half years later, after a decline in diamond prices and ongoing water problems at...Read More
Watch as Elon Musk and Jay Leno go for a joy ride in the 2021 Tesla Cybertruck + more bonus sneaks! Then, catch an all new episode ofRead full newsRead More
There have been two suspected arson attacks on the installations of SLN, New Caledonia's largest private sector employer, in the territory's north.Read full newsRead More
JAKARTA - As Indonesia ramps up its mining sector to feed the world's hunger for zero-emission vehicles, it is faced with a problem: what to do with all the waste. Now, companies building the nation's first factories to produce the elements that power electric vehicles are seeking permission to dump billions of tons of potentially [...]Read full newsRead More
Greenlane Renewables Inc. is a pioneer in the rapidly emerging renewable natural gas (RNG) market.Read full newsRead More
Newmont Mining (NYSE:NEM) has been on fire, and why shouldn't it? While gold prices have been quiet lately, they won't stay that way forever. The backdrop for the yellow metal is bullish. Therefore, the backdrop for NEM stock is bullish, too.Source: Piotr Swat/Shutterstock But let's not pretendRead full newsRead More
Boris Johnson needs to prioritise the environment as the UK recovers from coronavirus, firms say.Read full newsRead More
Each May, we Americans give tribute to those in the military who have paid the ultimate price serving their country. This Memorial Day is all the more poignant as we also remember family, friends and colleagues who have fallen to the coronavirus, a deadly, invisible enemy.The pandemic has slammed the U.S. economy, triggering bankruptcies and putting millions out of work. Goldman Sachs warned earli...Read More
"Loop Insights (#TSXV: $MTRX) & Sun Global Broadband Sign Partnership to Deliver #Contactless Solutions for Tokyo Summer Games [https://t.co/TB3cCis1G8]#investing #stocks #stockmarket #trading #investors #capitalmarkets #news #business #data #analytics #bigdata #tech #technology"Read full newsRead More
It’s said that every generation starts out with the best intentions. Whether Gen Z finishes what it starts is almost a moot point, though, if all an investor is looking for is growth. A cynic might look at investment themes among upcoming generational cohorts and spot growth trends rich with upside. Indeed, the ethical and social dimension of these trends may almost seem incidental.However,...Read More
Sifting through the outperforming stocks over the weekend yielded two strong themes. Gold and tech are popular with investors right now. It seems that not everybody got last week’s “buy anything” rally memo, which is perhaps just as well; while it’s reassuring to see stubborn bullishness in equities, it’s also alarming. Undue bullishness now almost certainly means ano...Read More
Canadian gold stocks are finally performing after being weighed down by gold’s prolonged slump after the 2008 Great Recession. Gold is one of the few assets that has performed strongly since the World Health Organization (WHO) declared a pandemic.The yellow metal is up 14% for the year to date to be trading at over US$1,731 an ounce. This coupled with the positive outlook for gold, with some...Read More
Gold has been one of the few assets to perform strongly since the WHO announced a pandemic in March 2020. The yellow metal has gained 14% for the year to date to trading at US$1,731 an ounce. Despite higher gold, some Canadian gold miners have seen their stock soften since the start of the year because of the impact of the coronavirus on operations. That has created an opportunity to acquire quali...Read More
Image from Pixabay Employee engagement and soft skills have never been more important for the mining industry, the Global Mining Guidelines Group (GMG) outlines in a recent report focused on advancing employee engagement in mining. GMG authored the paper to share industry insights with the global community, such as the Workforce of the Future Working Group, launching soon. A number of convergingf...Read More