IDEX Online) - A huge pink diamond weighing 170 carats has been recovered at the Lulo mine, in Angola.Australia-based miner Lucapa describes it as "an historic recovery" and says it is believed to be the largest pink diamond found in the last 300 years.The stone, named The Lulo Rose, will be sold at international tender by Sodiam E.P, the Angolan state diamond marketing company.Tobias Kormind, man...Read More
OzAurum drilling for a golden futureSPONSOREDozaurum resourcesShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDBorn in 1958, he graduated from the New Mexico Institute of Mining and Technology in 1981, becoming...Read More
"Teck will have the mining sector talking tomorrow morning with a slew of press releases tonight," BMO Capital Markets analyst Jackie Przybylowski said.Read More
"While global inflationary pressures were present in the first quarter of this year, second quarter costs were further impacted by higher energy and commodity prices resulting from the conflict in Ukraine," First Quantum said in its Q2 results, which were released after market close on July 26."Costs for fuel, explosives, freight, mill balls, reagents and other consumables represent almost half of...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points in pre-opening trade. Investors are waiting for an update on monetary policy by the Federal Reserve to be released at 2:00 PM EDT.Index futures were virtually unchanged following release of the June Durable Goods Orders report at 8:30 AM EDT. Consensus was a slip of 0.4% versus a gain of 0.8% in May. Actual w...Read More
Shares in Canada's uranium major, Cameco (TSX: CCO; NYSE: CCJ), gained nearly 10% on Wednesday after the company reported higher core profit than expected amid an uptick in uranium prices.The Saskatoon, Sask.-based company said headline profit per share more than doubled to 18 ?, compared with analyst forecasts calling for a loss of 1 ?.Revenue for the three months ended June increased 55% year-on...Read More
NorthWest Copper Corp. (TSXV: NWST; US-OTCQX: NWCCF) has released a new mineral resource estimate on the Lorraine project, about 40 km. from the company's Kwanika-Stardust project in Central B.C.The June 30 technical report draws on drilling completed between 1949 and 2009 and calculates an indicated resource of 12.9 million tonnes for 156,093 lb. of copper, grading at 0.55% copper and 0.66% coppe...Read More
Mining financier and entrepreneur Lukas H. Lundin has died in Geneva at the age of 64, following a two-year battle with brain cancer. The Swedish-Canadian Lundin, known for his shrewd business sense and willingness to take risks, was born in 1958 in Stockholm. Lundin learned the natural resource business from his father, the late Swedish resource magnate Adolf H. Lundin and founder of the Lundin...Read More
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada's largest diversified miner, has announced its chief executive officer, Don Lindsay, will step down after 17 years in the role.Lindsay, who will leave by the end of September, will be replaced by two executives in what the company calls "the culmination of a multiyear succession process." Chief financial officer Jonathan Price will take over...Read More
Australia's Lucapa Diamond (ASX: LOM) has recovered a rare 170-carat pink diamond at its prolific Lulo mine, believed to be the largest of its kind found in Angola in the last 300 years.The massive pink stone named the "Lulo Rose" will be sold later this year through an international tender conducted by Angolan state-owned diamond trading firm Sodiam.Lucapa has a 40% stake in the Lulo mine, whic...Read More
Anglo American posted underlying earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$8.7 billion, down 28% from $12.Read More
Share this article VANCOUVER - Teck Resources Ltd. (TECK.B-TSX, TECK.A-TSX, TECK-NYSE) President and CEO Don Lindsay has informed the company of his intention to retire, effective September 30, 2022, following 17 years in the role. In a press release, the Vancouver mining giant said Jonathan Price will succeed Lindsay as CEO, and Harry "Red" Conger will become President and Chief Operating Offi...Read More
$1.02 billion...That's now the amount of the total Mega Millions jackpot after no one won on Tuesday.If you were to play now and win and you took the entire amount in one lump sum, you would actually end up with $602.5 million. And depending upon where you live, the taxes on that could get as high as 48%, which would leave you with about $313 million.That's a bit frustrating to be sure, but s...Read More
We spoke with Belinda Labatte, who is CEO of Lomiko Metals Inc. (TSX.V: LMR), a graphite and lithium exploration and development Company in Quebec, on a mission to build a major new energy platform in Canada. Lomiko holds a 100% interest, in its La Loutre graphite development, in southern Quebec, located within the Kitigan Zibi Anishinabeg (KZA) First Nations territory, close to infrastructure, wi...Read More
Aclara Resources is a development-stage, rare earth, mineral resources Company, located in Chile, with an objective to become a strategic supplier of the critical Heavy Rare Earth Elements (HREE), while also supplying key magnet, Light Rare Earth Elements (LREE), in order to support the widespread use of renewable energy technologies and the increased adoption of EVs, globally. Aclara is initiatin...Read More
Oxbow Advisors, Released on 7/28/22 Grant Williams is the portfolio manager of the Vulpes Precious Metals Fund and strategy advisor to Vulpes Investment Management in Singapore. Grant has 28 years of experience in finance on the Asian, Australian, European and US markets and has held senior positions at several international investment houses, including Robert Fleming, UBS and Credit Suisse. Since...Read More
Palisades Gold Radio, Released on 7/27/22Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 m...Read More
BNN Bloomberg, Released on 7/28/22Danielle DiMartino Booth is CEO & Chief Strategist for Quill Intelligence LLC, a research and analytics firm. She spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic newsletter She is the author of Fed Up: An...Read More
The LaRouche Organization, Released on 7/27/22Trapped by the failed axioms which are imposed by government officials and those who dictate their policies, the downward plunge of western economies continues. Join with the LaRouche movement to end the immoral stupidity which is driving this collapse.Harley Schlanger's work can be found at The LaRouche Organization and The Schiller Institute.Harley...Read More
The Scott Horton Show, Released on 7/28/22 (Recorded on 7/22/22)Scott is joined by Jeff Deist, the President of the Mises Institute, to discuss the bizarre economic moment we are living through. Deist puts into perspective the historic levels of economic stimulus that the Federal Reserve injected into the economy in 2020. The intervention was unprecedented in both scale and speed, and we're alread...Read More