RAPAPORT... The Jewelers' Security Alliance (JSA) appointed three new officers at its most recent event and finalized the reelection of its chair, Steven Kaiser.Kaiser, the CEO of luxury jeweler Kennedy North America, will serve another three-year term, the JSA said last week. Meanwhile, Alan Zimmer, CEO of Reeds Jewelers, was elected as vice chairperson, while Mark Udell, the president of London...Read More
The Gold Bar Integrity Programme is designed to produce a traceable chain of custody for gold bars, allowing them to be tracked from the mine, through the smelter, to buyers.Read More
RAPAPORT... Rough resources at Lucapa Diamond Company's Lulo deposit in Angola increased 11% in 2021 as the miner identified new material and improved its knowledge of existing areas, management said Monday.The figure, which refers to the volume of diamonds with a reasonable prospect of being extracted economically, climbed to 151,040 carats as of December 31 from 135,900 carats a year earlie...Read More
In a very brief speech to open the Exploration Forum, the first event in Cesco week in Santiago, Chile, mining minister Marcela Hernando stressed that communities need to know about mining projects inRead More
Belgium does not Oppose Sanctions on Russian Diamonds, says PM(IDEX Online) - Belgium has not opposed EU sanctions against Russian diamonds, its prime minister told national radio.Alexander De Croo (pictured) was responding to calls within the federal government -from the Flemish Green party Groen and French-speaking socialist party PS among others - to stop the importation of diamonds from Russia...Read More
(IDEX Online) - Russia has reportedly seized millions of dollars worth of Audemars Piguet watches in response to a Swiss ban on the sale of timepieces and other luxury goods.Agents from the FSB security service took the from the firm's Moscow premises, claiming there had been customs irregularities, according to the Swiss newspaper NZZ am Sonntag.But Swiss foreign affairs department officials...Read More
The US$25 million payment will be paid by way of issuance of a convertible note to Glencore, giving the firm an equity stake in the Canadian junior.Read More
West Africa an improved opportunitySPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining The "doctor" in this case is not really a doctor, it's the global management consulting firm McKin...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 2 points in pre-opening trade.Energy equities and related ETFs are expected to open lower after the price of crude oil dropped $5.40 to US$108.50 per barrel in overnight trade. Tesla gained $61.38 to $1,072.00 after the company indicated plans to split its stockApple dropped $2.27 to $172.45 after reportedly cutting it...Read More
Shares of Pure Gold Mining (TSXV: PGM) fell to its lowest in a year after the company announced it will need to raise funds within the next 30 days to fund its operations and service the interest on its debt. The company, which operates the PureGold underground mine, located in Red Lake, Ont., said its cash balance stands at about $9 million. "Over the next six months [Pure Gold] will require...Read More
Osisko Metals (TSXV: OM; OTC: OMZNF) has signed an option to purchase the former Gasp?(C) copper mine from Glencore Canada. The mine, located near Murdochville, Quebec, was developed and operated by Gasp?(C) Copper, a subsidiary Noranda Mines.Osisko has agreed to make an up-front payment of US$25 million to be paid by way of a convertible note when the arrangement closes. A further US$20 million w...Read More
The S&P/TSX Venture Composite Index rose 19.65 points or 2.3% over the Mar. 21-25 trading week to end at 866. The top two gainers on the Venture Exchange by value for the period were both lithium companies. After more than quadrupling in value last year, the price of battery grade lithium carbonate has only continued to gain momentum this year.Shares in Sigma Lithium, which is also listed on the N...Read More
Over the Mar. 21-25 trading period, the S&P/TSX Composite Index fell 3.19 points or 0.014% to 22,005.94. The S&P/TSX Global Mining Index increased 2.06 points or 1.61% to 127.39 and the S&P/TSX Global Base Metals Index rose 4.35 points or 1.92% to 226.52. The S&P/TSX Global Gold Index rose 0.29 points or 0.08% to 350.04 and spot gold ended the weekUS$18.75 per oz. higher, or 0.95%, at US$1,953.80...Read More
The Dow Jones Industrial Average rose 308.25 points or 0.88% to 34,861.24 and the S&P 500 rose 81.88 points or 1.80% over the week to 4,543.06. Shares of Gatos Silver fell 17.3% or 91 ? to $4.36. The company said that it intended to delay the filing of its annual report for 2021 beyond the prescribed deadline of Mar. 31, 2021. The company is focused on producing a new life-of-mine plan and upda...Read More
Cornish Metals (LON, TSX-V: CUSN) is getting closer to reopening the South Crofty tin-copper mine in Cornwall, southwest England, as a group of investors including mining veteran Mick Davis are injecting ?40.5 million (US$53.1 million) into the company.Davis's battery metals investment firm Vision Blue Resources (VBR), whose main strategy is acquiring stakes in assets linked to electric vehicles...Read More
Following a tense meeting with human resources personnel, the union that represents MMG's Las Bambas workers announced the launching of a protest action as they demand a review of the end-of-year profit amounts paid by the mining company to its employees.In a media statement, the union says that this is the first time that employees receive their share of the profits since the copper mine became f...Read More
Mining, together with construction, retail trade and services, is among the sectors most affected by cold and wet weather consequence of climate change in the United States.A recent study led by University of Cambridge researchers looked at the environmental impact over five decades on 10 different economic sectors in the 48 contiguous U.S. states - excluding Alaska and Hawaii - from 1963 to 2016...Read More
"The economic opportunity of acting on climate change far outweigh the risks," he said. "It will continue to drive economic growth...Read More
Hochschild Mining's (LSE: HOC) rare earths spin-off Aclara Resources (TSX: ARA) has withdrawn an environment impact assessment (EIA) application for its Penco Module project in central Chile to resolve issues raised by the South American nation's government on the protection of local flora and fauna. The company, which is focused on developing rare earth mineral resources and providing a supply...Read More
Canada Silver Cobalt Works CEO Frank Basa and President Matt Halliday joined Steve Darling from Proactive to share news the company has received the first th...Read full newsRead More