News: Polished demand slower than usual at this time of year. Jewelers optimistic for holiday season but hesitant to buy inventory. Consumers seeking convenient and interactive shopping experience that combines digital and in-store platforms. De Beers rough prices stable at Sep. sight; secondary market seeing fewer buyers and lower premiums. Grib Diamonds cancels Oct. auction after bank blocks cu...Read More
The Jewish New Year is a time for reflection about who we are and what we do. The diamond trade is blessed with a product that celebrates all that is good in life. The joy of gifting, connecting and loving is the message of diamonds. The diamond and jewelry trade makes the world a better place by providing people with products that promote loving relationships.That's nice.There is more to our live...Read More
Bedrock gold discovery adds to Kingwest reignSPONSOREDkingwest resourcesZenith Minerals aiming for new heights with lithium focusSPONSOREDzenith minerals limitedNorth Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDSpeaking recently at a gathering of investors in Perth hosted by the Association of Mining Explorat...Read More
RAPAPORT... De Beers Forevermark has performed a U-turn on its strategic revamp following customers' responses.The company will maintain its current practice of allowing partners to buy loose stones from the brand and its authorized suppliers, a spokesperson told Rapaport News Wednesday. Management informed them of the reversal last Thursday."We listened to the feedback from our valued partne...Read More
(IDEX Online) - Smash and grab aiders fled empty-handed after they were thwarted by thick laminated display cases.A gang of six men tried to smash the cases at a store in the Jewelry District of downtown Los Angeles, California, USA.Employees fought back, hurling items at the perpetrators and a security guard fired a non-lethal pepper ball.The men, all were wearing black hoods, drove off in three...Read More
(IDEX Online) - Billionaire businessman Lev Leviev is to be interviewed by police in Israel over allegations of diamond smuggling.LLD (Lev Leviev Diamonds), one of the world's largest diamond cutting groups, is suspected of smuggling stones into the country by air over a 16-year period.Leviev, 66, (pictured) who has lived in Russia since 2018, arrived in Israel on Tuesday (20 September) and w...Read More
The trend has been seen in at miners including Agnico Eagle Mines and also major miners Barrick Gold and Newmont.Read More
Permitting and legal obstacles faced by the firms over the construction of the 211-mile-long industrial road, known as the Ambler Access Project, have been complicated further by a decision by the USRead More
U.S. equity index futures at 7:30 AM EDT were lower this morning. S&P 500 futures were down 12 points in pre-opening trade. The Bank of England raised its lending rate to major banks from 1.75% to 2.25%.Lennar added $0.55 to $76.47 after reporting higher than consensus fiscal third quarter revenues. The company also raised guidance for the fourth quarter. KB Homes slipped $0.23 to $27.79 after...Read More
A 75-basis-point rate hike was forecast... and a 75-basis-point rate hike it was. The Federal Reserve issued word shortly after 2 p.m. Eastern.Today's was the third consecutive 75-basis-point rate raising. Never in its history has the Federal Reserve imposed three consecutive 75-basis-point rate raisings.And so its target rate presently ranges between 3% and 3.25%. Not since February 2008 - over 1...Read More
Toronto-based Electra Battery Materials (TSXV: ELBM; NASDAQ: ELBM) signed its first production agreement for North America's only cobalt refinery today, agreeing to supply LG Energy Solution of Seoul with about US$63 million of cobalt sulphate when calculated at the current spot price. The financial terms of the agreement weren't released, but Electra is to supply LGES, a global manufacturer of...Read More
Talon Metals (TSX: TLO) has received more encouraging results from drilling at its Tamarack nickel-copper-cobalt project in Minnesota, including assays for 17 holes drilled on the western side of the Tamarack resource area that demonstrated the continuity and thickness of the high-grade massive sulphide zone.The new holes, drilled between 2021 and 2022, extend across 320 metres from northwest to s...Read More
Atlantic Lithium (AIM: ALL), an Australia-based miner seeking to unlock electric car battery resources in West Africa, said its proposed operation in Ghana will generate nearly US$5 billion in revenue over its 12.5-year lifespan.The Ewoyaa project, about 120 km west of the capital, Accra, has a net present value of US$1.3 billion at a discount rate of 8% with expected free cash flow of US$2 billio...Read More
Credit rating firm Moody's Investors Service said on Thursday it had changed its outlook for the global metals and mining industry from stable to negative as a global economic slowdown continues to soften demand. The downturn is affecting prices, which consequently reflects a decreasing profitability for the largest Moody's-rated companies in the industry during the upcoming 12 months, the firm s...Read More
The London-based International Council on Mining and Metals (ICMM) says mining companies should be able to use emerging technologies within 15 years to drastically reduce the tailings that continue to kill and cause destruction when tailings storage structures fail.The ICMM estimates developing new technologies such as no-waste mine architecture, in-situ-leaching and non-chemical extraction, all a...Read More
Engineers at West Virginia University are developing new technologies for coal waste storage facilities that will detect and prevent potential failures like leakage of hazardous materials into the environment.After receiving almost half a million dollars in funding from the United States Department of Energy, the researchers plan to deliver an aerial robot-enabled inspection and monitoring system...Read More
General Motors is boosting efforts to secure lithium supplies, a crucial ingredient for electric vehicle (EV) batteries, by investing in Canadian battery recycling company Lithion Recycling Inc.The move creates a partnership between the world's second largest automaker and the Quebec-based company to pursue a circular battery ecosystem using Lithion's technology. Financial details of the investmen...Read More
Amid an ebbing of mining investment sentiment as project proponents big and small take a pause and wait out decade-high inflation and high interest rates, West Africa is an outlier, emerging as a region where mine construction timelines are met, builds get completed under budget and discovery potential beckons more investment.The Northern Miner recently caught up with a handful of mineral explorer...Read More
We British are good at queuing, and most of us practice standing in line from an early age. This lifetime of training came to fruition during the four days leading up to the funeral of Queen Elizabeth II. The Secretary of State for Culture, Michelle Donelan, has estimated that over 250,000 people queued (for an average of eight hours and up to 18 hours) to see the Queen's coffin as she lay in stat...Read More
Silvercorp Metals (TSX: SVM) has published an updated technical report that outlines the mineral resources and reserves contained within the Ying property in Henan province of east-central China, and extends the mine life to 15 years.The report was prepared by AMC Mining Consultants (Canada) and covers all the mines in the Ying Property (also referenced as the Ying mining district), namely the SGX...Read More