RAPAPORT... Alrosa is streamlining the management teams at its Mirny and Nyurba divisions, aiming to improve the efficiency of its mining projects.The Russian miner will combine the engineering and administrative teams from both sites into one division, thereby eliminating the need for some management positions, it said last week. The merged department will be called Mirny-Nyurba and will be based...Read More
(IDEX Online) - Diamond tycoon Lev Leviev is embroiled in a bitter legal row with his son.Shalom Leviev, 42, accuses his father (pictured) - worth an estimated $1bn - of hastening his financial downfall, and his bankruptcy, over a debt of $240,000.He describes his Leviev, 64, born in Uzbekistan and founder of LLD (Lev Leviev Diamonds), as his "enemy", and says he intends to sue him in court,...Read More
(IDEX Online) - Diamond manufacturers are increasing wages by as much as 10 per cent to entice migrant workers to return to Surat.Many thousands who returned to their villages because of the Covid pandemic are now busy sowing rice, maize, sorghum and other "kharif" crops.Production of polished diamonds in India is reportedly dropped by 20 per cent during the second wave of coronavirus, and has yet...Read More
As the world moves to meet stringent targets for cutting carbon emissions - partly by phasing out internal-combustion-engine cars - demand for lithium, cobalt and nickel vital for electric vehicle batteries will soar, raising the prospect of shortages.Read full newsRead More
LegalZoom is the nation's leading provider of personalized, online legal solutions and legal documents for small businesses and families. Form an LLC, incorporate a business, make a will, register a trademark, get legal advice, and more online.Read full newsRead More
The price of gold is starting to recover from a recent pullback, but gold stocks are not rebounding as much as one might expect and still appear undervalued today.Gold outlookGold trades near US$1,790 per ounce at the time of writing. The price of the yellow metal hit a record high around US$2,080 last August and fell back below US$1,700 in March. Since then gold has been as high as US$1,900.Gold...Read More
Those worried about a potential market correction or crash certainly have reason to view the markets in a skeptical way.Indeed, valuations are nearing all-time highs on various metrics. And some investors are rightly becoming concerned with just how steeply valued the market is right now relative to historical levels.On this basis, the search for value stocks is on. Here are two of the top value s...Read More
Barrick Gold (TSX:ABX)(NYSE:GOLD) shares have been under considerable pressure over the past several months, as gold prices slid. Undoubtedly, gold has been quite the volatility asset of late, rallying over 10% between March and June, only to plunge nearly 8% in a matter of weeks.While there’s not yet enough data to conclude that gold and its miners have a negative correlation with cryptocur...Read More
While the Canadian stock market bounced back strongly on hopes of a revival in the economy, plenty of high-quality stocks are trading cheap and are well within reach. So, if you are looking for cheap stocks to buy now, consider these three Canadian stocks priced under $30. Algonquin Power & Utilities Speaking of high-quality, cheap (under-$30) stocks, Algonquin Power & Utilities&...Read More
The price of gold is set to record its worst month since 2016.But the pieces are still in place for a major bull run.Gold prices have shed more than 7.5% this month, dipping below $1,750 an ounce yesterday. Prices have largely been pulled down following mid-June's FOMC meeting, where board members projected raising interest rates earlier than previously forecasted.Gold - One Month Thirteen of the...Read More
Russia-origin aluminium will carry an export duty of 15% with a minimum rate of $254 per tonne from August 1 until December 31 this year, according to the Russian government.Export duties have been approved on 340 non-ferrous and steel products, after Russian Prime Minister Mikhail Mishustin signed an official decree on Friday June 25.Primary aluminium, under harmonized system code 760110, will al...Read More
Base metals price movements on the London Metal Exchange were mixed during trading on Monday July 5, with copper and tin making the best showings among the complex.Copper's three-month price rallied upward by more than $130 per tonne during Monday's trading, to $9,511 per tonne at the 5pm close, from $9,376.50 per tonne on Friday, despite only 12,404 lots being traded during the day.While the stro...Read More
Kalidas Madhavpeddi has been appointed as the new chairman at Glencore, the commodities company announced on Monday July 5.Madhavpeddi will take over from retiring chairman Tony Hayward on July 30. Currently non-executive director of Novagold Resources Inc, Trilogy Metals Inc and Dundee Precious Metals Inc, Madhavpeddi has more than 40 years of experience in the international mining...Read More
Jack ChanPosted Jul 5, 2021Gold sector as represented by $HUI is on a long-term SELL signal.Long-term signals can last for months and are more suitable for investors.Short-term is on SELL signal.Short-term signals can last for days and weeks and are more suitable for traders. The 167k bottom and now the 215k top suggest that these are not bull market speculative values. Bull market values should b...Read More
The latest data for the global manganese ore market for the week ended July 2, 2021.Read More
The junior is looking to raise £6.2 million at 5.5p per share for exploration at its assets across Arizona and Nevada.Read More
Seaborne high-grade manganese ore prices rallied for a third consecutive week on Friday July 2 with deals concluded at higher levels, while the seaborne low-grade market held amid thin liquidity ahead of a new round of offers from miners in South Africa.The high-grade manganese ore market rose as a result of buyers booking August-shipment material at higher prices compared with the previous month....Read More
The Fronterizo, Muga and Goyo concessions have been approved, signed, and sealed, meaning Highfield can kick off its long simmering construction plans at last.Read More
Base metals production in Peru increased significantly year-on-year during May due to the strong effects of the Covid-19 pandemic in 2020, but figures were also up on a monthly basis on better performances by the largest mines, the country's ministry of energy and mines, Minem, said on Friday July 2.Copper output totaled 195,999 tonnes in May, up by 52.63% from 128,412 tonnes in the corresponding...Read More
Tantalum concentrate continues to gain price support amid pressing demand for consumer electronics goods and the global extent of shipping delays, which have incentivized primary tantalum producers in Central Africa to raise their output over the past month, Fastmarkets heard on Monday July 5.Fastmarkets assessed the price of tantalite, basis 25% min Ta2O5, cif China, at $87-90 per lb on June 2, i...Read More