(IDEX Online) - A flamboyant pastor who was robbed at gunpoint of $1m of jewelry during a live-streamed sermon has been indicted on fraud and extortion charges.Lamor Miller-Whitehead, 45, of Paramus, New Jersey, dubbed the Bling Bishop by newspapers, is charged with two counts of wire fraud and one count of extortion, all of which carry a maximum 20-year sentence. He's also charged with...Read More
(IDEX Online) - A new tracaeability check that will instantly confirm a diamond's country of origin from its Sarine ID number.Sarine, the diamond tech company behind the innovation, says traceability and sustainability have become just as important as an accurate 4Cs evaluation. Its Traceability Origin Check is being introduced as "a complimentary service for the natural diamond communit...Read More
(IDEX Online) - Gitanjali Gems, the company established by Mehul Choksi, the fugitive diamantaire, has been named India's biggest willful defaulter, with unpaid loans of Rs 7,848 crore ($947m). The Reserve Bank of India (RBI), has announced a Top 50 of "can pay, won't pay" borrowers.Gitanjali once had 4,000 points of sale, and more than a 50 per cent share of India's overa...Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingCypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpProduction during the company's third quarter of this year, which runs to the end of November 2022, was impacted by a planned 5-week pr...Read More
"The government of Canada has determined the significant adverse environmental effects of the proposed Sukunka coal mine…could not be mitigated.Read More
4 Emerging Trends Driven by the Global Mining BoomSPONSOREDproudfootMetalla poised to flourish amid royalty M&A frenzySPONSOREDmetalla royalty & streamingCypress Development advances Nevada lithium project towards productionSPONSOREDcypress development corpWith hundreds, perhaps thousands, of indicators tracking aspects of mining industry investment attractiveness, confusion comes easily.Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 20 points in pre-opening trade.Index futures moved lower following release of the updated U.S. third quarter annualized GDP growth report at 8:30 AM EST. Consensus was unchanged at 2.9%. Actual was growth at a 3.2% rate.Micron dropped $0.93 to $50.26 after reporting lower than consensus fiscal first quarter results. T...Read More
"Securing project finance is a very significant milestone for the Company, and we believe this agreement maximises risk-adjusted value per share for existing shareholders," Foran's executive chairmanRead More
Premium Nickel Resources (TSXV: PNRL) says drill results at its Selebi nickel-copper-cobalt project in Botswana advance the concept that two past-producing deposits there are connected at depth. The Toronto-based company acquired the project, 400 km north of the capital of Gaborone, in January and is aiming to find links between the Selebi north and south deposits, which are separat...Read More
The past few days have seen a flurry of activity in the lithium space, with four Canadian and Australian firms announcing acquisitions and earn ins.Li3 Lithium (TSXV: LILI) announced Wednesday that its 50%-owned Li3 Resources has earned a 50% interest in the Mutare lithium project in eastern Zimbabwe through its US$250,000 funding of initial exploration at the site.Li3 Resources has until Dec. 31...Read More
Solaris Resources (TSX: SLS; US-OTC: SLSSF) has signed an investment contract with the government of Ecuador on its 100%-owned Warintza copper-gold project, which president and CEO Daniel Earle says "provides a foundation of certainty" and represents a "major milestone" for the company.The investment contract ratifies the Investment Protection Agreement announced in June and "significantly" de-ris...Read More
Nuton, a Rio Tinto (ASX: RIO; LSE: RIO; NASDAQ: RIO) venture that has developed innovative copper sulphide leach technologies, is taking a 16.5% stake in Regulus Resources (TSXV: REG; US-OTC: RGLSF) for US$15 million.Nuton's technologies have the potential to process arsenic-bearing copper sulphides with a lower carbon footprint and less impact on water resources than traditional concentrator proc...Read More
Canada has rejected Glencore's (LSE: GLEN) proposed open-pit Sukunka coal mine project near Tumbler Ridge in British Columbia on environmental grounds.The coal mine, 55 km south of Chetwynd and 40 km west of Tumbler Ridge, would have produced three million tonnes of hard coking coal per year.The metallurgical coal mine would have had a mine life of up to 20 years, and a coal handling and processin...Read More
Argosy Minerals (ASX: AU) has produced battery quality lithium carbonate at its Rincon lithium project in Argentina's Salta province.The 99.76% lithium carbonate was produced as part of the commissioning phase of the 2,000 tonne per year lithium operation and the company says it plans to finish the ramp-up phase and achieve steady-state production by the end of the second quarter of fiscal 2023.Au...Read More
Fury Gold Mines (TSX: FURY, NYSE-AM: FURY) says drill results from its Percival prospect may expand the resources at its Eau Claire project near James Bay in Quebec.The Vancouver-based company drilled five step-out holes on the westerly down plunge of its "considerably under-explored" Percival target, where high-grade mineralization has been defined in a 500 metre by 100 metre surface footprint to...Read More
The Bibiani and Chirano gold mines, situated 15 km apart in Ghana, are expected to produce a combined 400,000 oz. of gold next year, according to Asante Gold (CSE: ASE).Asante acquired the open pit Bibiani mine from Resolute Mining in August 2021, started open pit mining operations in February 2022, and after completing the refurbishment and commissioning of the process plant in June, poured first...Read More
SOQUEM, a subsidiary of provincial government corporation Investissement Quebec, has signed a letter of intent with Vior Inc. (TSXV: VIO; US-OTC: VIORF) on the junior's Skyfall nickel project in the province's Abitibi Greenstone Belt, 150 km east of Lebel-Sur-Quevillon and 102 km south of Chapais.Under the LOI, SOQUEM has the option to acquire 50% of Skyfall and Vior will own the remainder and bec...Read More
Foran Mining (TSXV: FOM; US-OTC: FMCXF) says it will use a US$150 million loan from Sprott Resource Lending to help construct its McIlvenna Bay copper project in Saskatchewan. The funding from Toronto-based Sprott joins $200 million proposed by the Ontario Teachers' Pension Plan, which was announced in August and should be approved "in due course," Foran said in a news release on Wednesday. Th...Read More
Finland's Terrafame will start recovering natural uranium as a byproduct of zinc and nickel production at its Sotkamo mine by mid 2024.The miner, in which the Finnish state has a 67.1% stake and commodities trader Trafigura holds a 31.1% interest, is aiming to produce 200 tonnes per year by 2026, it said on Wednesday.Terrafame, formerly known as Talvivaara, intends to refine the uranium into y...Read More
Earlier this month Orezone Gold (TSX: ORE; US-OTC: ORZCF) kicked off commercial production at its open pit Bombore gold mine in central Burkina Faso, but its drills continue to explore the underlying sulphides at the mine for a larger Phase II expansion.The company is undertaking a 77,000-metre infill and expansion drill program at the mine, 85 km east of the capital city of Ouagadougou, and once...Read More