RAPAPORT... The US, UK, Canada and Japan have placed sanctions on the import of Russian gold in an effort to eliminate revenue used to fund President Vladimir Putin's war on Ukraine.The four countries made the decision to ban Russia's biggest non-energy export at the G7 summit in Germany on Sunday, the UK government said. The remaining G7 participants - France, Italy and Germany - will likely foll...Read More
RAPAPORT... The Natural Diamond Council (NDC) is facing a massive budget cut in 2023 unless the industry steps in to compensate for the loss of Alrosa's financial contribution, CEO David Kellie told Rapaport News. "We've probably been impacted more than anybody [by sanctions against Russian diamonds] in as much as Alrosa was almost half of our funding," Kellie said in an interview on Thursday. "I...Read More
RAPAPORT... The status of Russian diamonds was the main point of contention at the recent Kimberley Process (KP) intersessional in Botswana, which closed Friday amid a stalemate over the issue.Ukraine, the European Union (EU), Australia, the UK, Canada, the US and nongovernmental organizations pushed to put Russia on the agenda, Reuters reported last week during the meeting. However, Russia,...Read More
(IDEX Online) - Edward Asscher, president of the World Diamond Council (WDC), said there was "strong support" for reforms at the Kimberley Process's intersessional meeting, despite its failure to address the redefinition of conflict diamonds."This year, throughout our engagements with many government participants here in Kasane (Botswana), there seems to be strong support for further reforms,...Read More
(IDEX Online) - US president Joe Biden yesterday announced plans by G7 - the world's seven richest nations - to impose sanctions on Russian gold.Russia supplies around a tenth of the world's gold and has reserves valued at $140bn, according to estimates by the World Gold Council.The G7 nations - Canada, France, Germany, Italy, Japan, the US and the UK - resolved to outlaw imports of newl...Read More
(IDEX Online) - A Ukrainian diplomat is urging consumers not to buy Russian diamonds, because they fund the war in her country.Liubov Abravitova, who serves as her country's ambassador to South Africa, Botswana and Mozambique, made the comments as members the Kimberley Processes failed to reach any agreement over calls to broaden its definition of conflict diamonds."When you see Bucha, Irpin,...Read More
Blue Horseshoe Ventures launches their new capital-raising platformSPONSOREDblue horseshoe ventures pty limitedAdvancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesIn addition to the above, the marketing efforts of the quasi-industry-government body,...Read More
U.S. equity index futures were higher this morning. S&P 500 futures gained 5 points in pre-opening trade.Index futures were virtually unchanged following release of the May Durable Goods Orders report at 8:30 AM EDT. Consensus was an increase of 0.1% versus a gain of 0.5% in April. Actual was an increase of 0.7%. Excluding transportation orders, consensus was an increase of 0.4% versus a gain...Read More
The Mining Association of Canada (MAC) released a new national poll that for the first time finds high levels of support for Canadian mining. The shift indicated increased understanding on the role Canada's mining industry must play in producing the green technologies essential to a low carbon future.For the past 12 years, MAC has worked with Abacus Data to assess public opinion on Canada's mining...Read More
Westhaven Gold (TSXV: WHN) has reported new high grade drill results from its ongoing program at its Shovelnose gold property in British Columbia, as it looks to expand resources in its next update in early 2023.Highlights of the drill results included 2 metres grading 39.67 grams gold per tonne and 30.38 grams silver starting from 104 metres depth in hole SN22-240; and 24.9 metres grading 3.47 gr...Read More
Calibre Mining's (TSX: CXB; US-OTC: CXBMF) shares rose this morning after the company reported high-grade precious metals intercepts from drill results at the Panteon north zone at its Limon mine in Nicaragua.Highlights included 5.8 metres (estimated true width of 5.6 metres) grading 66.03 grams gold per tonne, and 50.1 grams silver starting from 306.2 metres in hole LIM-22-4630; and 5.1 metres (5...Read More
Canada Nickel Company (TSXV: CNC; US-OTC: CNIKF) has received results from drilling at the Reid property in Ontario, where two holes were recently completed as part of its regional exploration program and led to the discovery of nickel mineralization.This discovery has now been confirmed with the latest set of assays. The highlight was hole REI21-02, which intersected 354 metres of 0.24% nickel an...Read More
Just a few days ahead of the 2nd UN Ocean Conference taking place in Lisbon from June 27th to July 1st, the European Commission issued a communiqu?(C) that, among other things, strengthens the bloc's position against deep-sea mining. The idea of banning mineral extraction in the exclusive economic zones of EU countries was one of the many items on the EU agenda on International Ocean Governance (...Read More
Shares in Australian gold producer Evolution Mining (US-OTC: CAHPH; ASX: EVN) cratered on Monday after it downgraded its forecast gold production for the year to June 30 and shelved a multi-million dollar expansion.The announcement triggered a sell-off that sent the company's stock 22% down and wiped off almost A$3.5 billion (US$2.4 billion) of the value of Australia's big three gold miners - Nort...Read More
Canada has unique strengths as a mining nation, including a large land base with a "vast diversity" in its mineral endowment, access to the U.S. market, and a long and successful mining history. Those were just some of the reasons why Canada is prominent in mining and a draw for investment, said keynote speaker Douglas B. Silver at the Mining Investment Event of the North conference, organized by...Read More
Copper is pivotal to the global transition to a clean energy future. The red metal is an essential ingredient for the electric vehicles (EVs), energy storage systems, and renewable energy technologies underpinning this transition.However, declining ore quality, mine closures, and the absence of additional investment in new supply could lead to a shortfall of 16 million tonnes by 2040, according to...Read More
This week, the Cabinet will reveal its plans for two new nuclear power stations. Climate and Energy Minister Rob Jetten called the stations "a good addition to all sustainable techniques," according to the NOS.Read full newsRead More
"We must be the great arsenal of democracy. For us this is an emergency as serious as war itself. We must apply ourselves to our task with the same resolution, the same sense of urgency, the same spirit of patriotism and sacrifice, as we would show were we at war."This quote from one of President Franklin Delano Roosevelt's "fireside chats" may not entirely apply today, but at its heart is the sam...Read More
Kore on June 28 announced that it has signed a heads of agreement for the construction of the Kola Potash Project with SEPCO Electric Power Construction Corp.Read More
Share this articleTORONTO - Seabridge Gold Inc. [SEA-TSX, SA-NYSE] has released the results of an updated preliminary feasibility (PFS) study for its 100%-owned KSM project in northern British Columbia.Located in B.C.'s Golden Triangle region, KSM ranks as one of the world's largest undeveloped gold projects as measured by reserves.A key feature of the new PFS is a reduction in the total capital e...Read More