RAPAPORT... Hong Kong's polished-diamond imports increased 1% year on year to $7.26 billion in the first half of 2022, according to the Diamond Federation of Hong Kong, China. The average price of shipments rose 11%, offsetting a 9% drop in volume. Hong Kong Trade Data for January to June 2022 Read More
RAPAPORT... The De Beers Blue is probably one of a select group of rare diamonds originating in the deepest parts of the earth, according to researchers at the Gemological Institute of America (GIA).The stone has important similarities with the Hope and Wittelsbach-Graff diamonds, two other blue, type IIb diamonds, according to an article in the summer 2022 edition of Gems & Gemology, the...Read More
(IDEX Online) - Members of the IDEX diamond trading network can now search, buy and sell Lab Grown diamonds online for the first time. The new feature has been introduced as part of IDEX's Guaranteed Diamond TransactionsTM, the fully automated online diamond trading service. All Lab Grown diamond listings are uploaded in separate inventory files to assure no confusion with natural diamon...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDRio already owns 51% of Turquoise Hill and in March bid C$34 per share for the remaining shares it didn't hold. Turquoise Hill rejected that offer and Rio returned last week with a $40 per share bid.Read More
* Tin tumbles to weakest level in 19 months * GRAPHIC-2022 asset returns: (Updates prices) By Eric Onstad LONDON, Sept 1 (Reuters) - Aluminium prices stumbled totheir lowest in 16 months on Thursday while other based metalsalso slid on renewed worries about weak demand after downbeateconomic data in top metals consumer China amid fresh COVID-19lockdowns. Benchmark aluminium on the London Metal Exc...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 22 points in pre-opening trade. Costco added $1.70 to $523.80 after its August sales rose 11%Walt Disney advanced $1.80 to 113.88 on news that the company is exploring an approach to membership similar to Amazon's Prime modelOkta dropped $7.08 to $84.35 after releasing second quarter results. Mizuho lowered its target...Read More
The canine days of August are clearing out, beach sand through the hourglass. Tomorrow the calendar furls to September.Many consider September a snoozing month of market peace before dreaded October.They will remind you that the market's most violent cataclysms - the Panic of 1907, the Crash of 1929, “Black Monday” 1987 - all came barreling through in October.October’s reputation...Read More
Credit rating firm Moody's Investors Service has pared down its 12-month price outlook for a basket of metals and mining commodities, citing a global economic slowdown and softening demand.Essential commodities affected include gold, silver, steel, aluminum and copper, as slack demand dents global growth momentum."China is a major consumer of base metals, coal and iron ore, and the largest steel p...Read More
The availability of risk capital for miners is biased towards those with concrete plans for achieving net-zero emissions targets by 2030, says Keith Russell, global director for energy transition, purpose and performance with Partners in Performance.Russell emphasizes the need for decarbonization strategies to become mainstream and incorporated into the industry's routine management, operating and...Read More
Copper is known by several monikers: The red metal for its colour; Dr. Copper because its price is a reliable economic indicator; and now, the "green metal" for its central importance in electrification. Below we highlight the top five copper drill results of the year so far (to Aug. 17), ranked by grade x width, as identified by data provider Mining Intelligence. Best copper drill results year...Read More
McEwen Copper, a subsidiary of McEwen Mining (NYSE: MUX; TSX: MUX), has closed the third and final tranche of its previously announced private placement of common shares priced at US$10 each.This financing tranche comprised a US$25 million investment by Rio Tinto's (NYSE: RIO; LSE: RIO; ASX: RIO) copper leaching technology venture, Nuton, and US$1.9 million from other investors. This brings the...Read More
Marathon Gold (TSX: MOZ) is moving ahead with its proposed Valentine open-pit gold mine in central Newfoundland after the company's board approved construction."The company's decision to proceed with construction of the Valentine Gold project considers the impact of almost two years of market inflation on the project's costs, as well as a necessarily cautious approach to project management, contin...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has reached an in-principle deal with Turquoise Hill (TSX: TQR) to buy the 49% of the Canadian miner it doesn't already own for US$3.3 billion.The move would grant the global miner direct ownership of the giant Oyu Tolgoi copper-gold mine in Mongolia, located 550 km south of the capital Ulaanbaatar. It also brings the six-month takeover battle to an end,...Read More
U.S. carmaker Ford Motor Co. (NYSE: F) is asking the Biden administration to speed up the permitting process for mining projects, particularly those targeting critical metals such as lithium, cobalt, nickel and graphite.In a letter to the Department of the Interior on Tuesday, the auto maker said the current "lengthy, costly and inefficient permitting process" makes it difficult for American busin...Read More
Ultramafic rocks mineralized with nickel, copper and platinum group elements that were discovered at surface and drilled in the mid-2000s are now getting a more fulsome examination in a 20,000-metre drill program by Quebec Nickel (CSE: QNI; US-OTC: QNICF). New assay results from the Fortin Sill Zone at the junior's 100%-owned Ducros project in Quebec, 80 km northeast of Val-d'Or, returned 35.6 m...Read More
As industries and nations fret about getting the raw materials needed to power the energy transition, coal is also seeing a stunning rise. In September 2021, the price of ICE Newcastle coal was around US$120 per tonne. In March, after Russia's invasion of Ukraine it spiked to nearly US$380 per tonne. At press time at the end of August - shortly after a European Union embargo against Russian coal c...Read More
Chile's President Gabriel Boric said late on Tuesday he is open to discuss changes in the country's tax law that would affect the mining sector as lawmakers are scheduled to vote on the proposed reform on Sept. 13.Speaking at a gala organized by the national mining association Sonami, Boric said the industry had been historically unwilling to reach agreements with the government in terms of sharin...Read More
Latin America-focused Nexa Resources (NYSE: NEXA) has halted its Atacocha San Gerardo open pit zinc mine in Peru due to a road blockade by a local community.The zinc producer, controlled by Brazilian holding company Votorantim SA, called the disruption "illegal" and said that activities are limited to critical operations with a minimum workforce to ensure proper maintenance.A March road blockade...Read More
VANCOUVER, British Columbia, Aug.16, 2022(GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) ("Rover" or the "Company") is...Read full newsRead More
Dear Outsider,America was founded on debt.From 1703 to 1775, the 13 Colonies borrowed huge sums of money from the British.At the time of the American Revolution, Colonial merchants and planters owed British creditors 5 million pounds.While the colonists worked to build a "free market," the British were embroiled in multiple wars, including the Seven Years' War, which doubled the national debt and...Read More