The latest resource addition of 569,000 ounces takes NE Bankan in Guinea to 3.9 million ounces - within 72.3 million tonnes of dirt - while the overall Bankan project now totals more than 4.2Moz.Read More
"This is probably one of the toughest markets we've seen in a long time.Read More
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDSpeaking to journalists and analysts on site at Red 5's recently commissioned King of the Hills (KOTH) gold mine in Leonora, managing director Mark Williams said mergers in the region - currentlyRead More
RAPAPORT... Lucapa Diamond Company's revenue fell 36% year on year to $21.8 million in the second quarter, reflecting an unfavorable comparison with last year's sales surge. A year earlier, the miner held a special tender of seven large, high-value rough stones from the Lulo deposit in Angola, it explained Thursday.In addition, the company saw a decline in polished revenues resulting from man...Read More
Production fell year-on-year despite the ramp up of Freeport-McMoRan's Grasberg mine in Indonesia and the Kamoa-Kakula in Democratic Republic of Congo as well as increased production at the majorRead More
RAPAPORT... A 21.13-carat diamond ring will lead Leonard Joel's upcoming Important Jewels auction, where it is expected to fetch up to AUD 900,000 ($620,362).The cut-cornered square modified brilliant-cut, K-color, SI2-clarity diamond ring is one of a number of large stones that will feature in the August 16 sale in Sydney, Australia. The auction could garner as much as AUD 8.6 million ($5.9 milli...Read More
The transaction to buy ED&F Man's brokerage unit will add to Marex's metals franchise, Marex said.Read More
RAPAPORT... Sales and earnings at Indian diamond manufacturer Asian Star rose sharply in the first fiscal quarter, reflecting the market's solid rebound.Group revenue, including at subsidiaries, jumped 45% year on year to INR 12.58 billion ($159.3 million) for the three months that ended June 30, the Mumbai-based company reported Friday. Profit increased 4% to INR 216.2 million ($2.7 million)...Read More
RAPAPORT... Four new directors will join the board of Jewelers of America (JA) for a three-year term.The directors were elected at JA's annual general meeting (AGM) on July 21, the organization said last week. The board of directors represents the fine-jewelry marketplace and advises the JA on strategic direction."I know [the four new directors] will be committed to serving Jewelers of America's m...Read More
(IDEX Online) - A villager collecting firewood in India stumbled on a 4.39-carat rough diamond valued at $25,000.Genda Bai, 45, was working in forest in Purusottampur, in the central state of Madhya Pradesh, when she made the find.It's an area where informal diggers routinely pay for the right to dig a small patch of land in search of diamonds - but simply finding a diamond lying on the groun...Read More
(IDEX Online) - There were more losses again in July, especially among rounds, as the war continues in Ukraine. A more mixed picture for fancies. The only clear upward trend is among larger 'investment type' stones of 4.0-cts to 5.0-cts, which is typical when financial markets are weak and investors seek greater stability.HIGHLIGHTED CHANGES Rounds0.90-0.99 ct. D-H / VVS2-...Read More
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDThis report examined the industry's imminent skills shortage, and regretted Exeter University's "pausing" of mining undergraduate enrolment at Camborne School of Mines in 2020.Read More
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDMore than half the 70 companies allocated time at the conference have gold as their core interest, which is understandable as Diggers & Dealers and Kalgoorlie have gold roots.Read More
(IDEX Online) - A plaque honoring De Beers founder Cecil Rhodes at Oxford University has been given government protection.The plaque is located yards from the statue that prompted the Rhodes Must Fall campaign. Critics accuse the diamond magnate, who died in 1902, of being a racist, a white supremacist and the father of apartheid, and have called for his statue to be removed.It's the latest t...Read More
Alicanto wows with maiden resourceSPONSOREDalicanto mineralsSavannah eyes major Li production in PortugalSPONSOREDsavannah resourcesMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDTwenty or almost half reported fatalities were attributed to Sibanye. Glencore followed at some distance with four, while 28% of members reported at least two deaths.Read More
North American equity markets extended their intermediate uptrends last week. Strongest broadly based U.S. equity index was the NASDAQ Composite Index. The TSX Composite joined the trend by moving above its 50 day moving average on Friday. Earnings and Revenue Outlook for S&P 500 companiesConsensus earnings and revenue estimates for S&P 500 companies on a year-over-year basis in the s...Read More
Australia and Canada share a rich and storied mining tradition. Both are home to vast mineral resources, abundant infrastructure, effective regulatory regimes, and supportive legislation, and are considered tier-one mining jurisdictions. Here are eight Australian companies operating in Canada. 92ENERGY Examining drill core at 92Energy's Gemini project in Saskatchewan's Athabasca Basin. Credit: 9...Read More
TNM Drill Down, released every Monday, focuses on the top gold assays of the past week. Assays are?EUR?ranked by gold grade x width, as our sister company?EUR?Mining Intelligence?EUR?identifies. This week's top intercept comes from Barrick Resources (TSX: ABX; NYSE: GOLD) and NovaGold Resources' (TSX: NG; NYSE: NG) equally owned Donlin project northwest of Anchorage, Alaska. Through their Donlin...Read More
Last week, Ford announced several plans to source new EV batteries and related minerals, including lithium and nickel, to support the company's goal of achieving annual production of 600,000 electric vehicles by next year and over 2 million by 2026.The company announced Chinese battery maker Contemporary Amperex Technology Co. Ltd. (SHE: 300750) will supply lithium-iron-phosphate batteries for new...Read More
Mosaic expects to return all of its 2022 free cash flow, after debt reduction commitments are met, to shareholders through a combination of share repurchases and dividends, the Florida-based firmRead More