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Uranium is losing the new energy market battle

July 14, 2022 / www.mining-journal.com

Mining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDHomegrown and future-focused: a battery and critical metals discovery in the USASPONSOREDstill waters critical mineralsEclipse Metals to Explore Rare Earth Potential of Historic Greenland MineSPONSOREDeclipse metals ltdPensana Plc to provide UK-produced rare earth resourcesSPONSOREDpensanaThirty years ago, nuclear power plants...Read More

Chow Tai Fook Sales Slide During Covid-19 Wave

July 14, 2022 / www.diamonds.net

RAPAPORT... Chow Tai Fook's sales fell in the first fiscal quarter amid a resurgence of the coronavirus and a drop in tourism.Retail sales value across the group slipped 3.7% year on year for the three months ending June 30, the Hong Kong-based jeweler reported Tuesday. The figure dipped 2.8% in mainland China and 11% in Hong Kong, Macau and other markets.Sales were also lower due to an unfavorabl...Read More

Crime Costs US Jewelers $70m in 2021

July 14, 2022 / www.idexonline.com

(IDEX Online) - Crime has cost US jewelers $2.2 billion in the last two decades, says the JSA, after adjustments for inflation.The total figure for 2021 was just over $70m, down from $83m the previous year, said the New York-based Jewelers' Security Alliance Releases in its newly-released 2021 Annual Crime Report.But the total number of crimes was up from 1,438 to 1,687, an increase of 17 per...Read More

Indian Jeweler Claims World Record with a 24,679-Diamond Ring

July 14, 2022 / www.idexonline.com

(IDEX Online) - An Indian jeweler has landed a Guinness World Record with a ring made with 24,679 natural diamonds.The Touch of Ami took 90 days to make at SWA Diamonds, in Malappuram Inkel Educity, Kerala.It takes the title Most Diamonds Set in One Ring from the previous record holder Renani Jewels, based in Meerut, India. Their Ring of Prosperity is set with 12,638 individual diamonds."It is our...Read More

Nirav Modi's Brother Guilty of $2.6m Diamond Fraud

July 14, 2022 / www.idexonline.com

(IDEX Online) - Nehal Modi, younger brother of fugitive diamantaire Nirav Modi, has been convicted by a US court of fraudulently obtaining diamonds worth over $2.6m.Modi, 41, a diamond trader, made false representations between March and August 2015,  regarding a purported deal with Costco Wholesale Corporation to obtain the gems LLD, also known as Lev Leviev Diamonds.He then liquidated the d...Read More

S&P: Energy transition to drive copper

July 13, 2022 / www.mining-journal.com

The research firm said the energy transition will cause a near doubling of copper demand by 2035 leading to "unprecedented and untenable" supply deficits unless significant new copper supply comesRead More

Tech Talk for Thursday July 14th 2022

July 14, 2022 / www.timingthemarket.ca

U.S. equity index futures were lower this morning. S&P 500 futures were down 50 points in pre-opening trade.Index futures were virtually unchanged after release of the June CPI report at 8:30 AM EDT. Consensus was an increase 0.8% versus a gain of 0.8% in May. Actual was an increase of 1.1%. Year-over-year, June PPI was expected to increase 10.8% versus a gain of 10.8% in May. Actual was a gai...Read More

The view from England: Time called on mining graduates

July 14, 2022 / www.northernminer.com

The U.K. is facing a crisis. No, not our mounting supply issues, soaring cost inflation or the sudden change in political leadership; rather, the plummeting numbers of drinking establishments and graduate mining engineers. A survey in 1577 found that there were over 16,000 alehouses, taverns (generally larger than alehouses and also served wine) and inns in England and Wales. With a combined p...Read More

Panasonic to build US$4B battery plant in US to supply Tesla

July 14, 2022 / www.northernminer.com

Japan's Panasonic is deepening its ties with electric vehicles (EVs) maker Tesla by planning a battery plant in Kansas, which will cost US$4 billion.The facility is expected to supply the EV giant with a new high-capacity battery and boost Panasonic Energy's production capacity by fiscal 2028 from the current level of roughly 50 gigawatt-hours per year to 150 to 200 GWh.The Japanese company, the w...Read More

Rio Tinto invests US$188M to upgrade aluminum smelter in Quebec

July 14, 2022 / www.northernminer.com

Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) is investing US$188 million to increase the production capacity for low-carbon, high-value aluminum billets at its Alma smelter in Lac-Saint-Jean, Que., by 202,000 tonnes.The existing casting centre at Rio Tinto's Alma plant will be expanded to accommodate new state-of-the-art equipment, including a casting pit and furnaces, allowing a larger portion of th...Read More

Barrick sees 5.4% bump in quarterly gold output; copper production up 18.8%

July 14, 2022 / www.northernminer.com

Barrick Gold (NYSE: GOLD; TSX: ABX) has reported its preliminary second quarter operating results, showing total gold production of 1 million oz. and copper production of 120 million lb. During the quarter, it managed to sell all of the gold produced and 113 million lb. of copper.The gold output represents a 5.4% increase over the first quarter of 2022, which Barrick has said would be its lowest p...Read More

Anglo American, Nippon Steel to work on low-carbon steelmaking

July 14, 2022 / www.northernminer.com

Anglo American (LSE: AAL) and Japan's Nippon Steel have joined forces to develop solutions for lower-carbon steelmaking, a process responsible for up to 9% of global greenhouse emissions.The companies will research ways to optimize premium lump ore produced by Anglo American's mines in Brazil and South Africa to decrease emissions in the traditional blast furnace (BF) steelmaking process.The partn...Read More

RT @stockhouse: Mandalay Resources (#TSX: $MND) announces Q2 production and sales results

July 14, 2022 / stockhouse.com

Explore streaming news video about small-cap companies in Canada and the U.S.New videos are produced daily focused on key market news.Read full newsRead More

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July 14, 2022 / www.youtube.com

CEO.CA caught up with Joel Freudman, Co-founder and CEO of TRU Precious Metals (TSXV: TRU, OTCQB: TRUIF, FSE: 706) to discuss their drilling plans, leadershi...Read full newsRead More

The Biggest and Most Profitable Myth About Gold

July 08, 2022 / www.outsiderclub.com

Here's a fun fact about me...I'm a real history buff. I love history. Always have. Always will. I've read thousand-page books on the Ottoman Empire. I've spent way more time than I should have researching World War I. And just last week, my father-in-law walked in on me watching a PBS special about the ancient civilizations of Mesopotamia. There are more embarrassing things for a person to admi...Read More

Turquoise Hill reveals new Mongolia gold target

July 15, 2022 / www.canadianinvestor.com

Share this article VANCOUVER - Turquoise Hill Resources Ltd. [TRQ-TSX] has raised its 2022 gold production guidance for the Oyu Tolgoi mine in Mongolia.The company said copper production guidance for this year remains within the range of 110,000 to 150,000 tonnes. However, the gold production target has been raised to new range of 150,000 to 170,000 ounces. The previous target was 135,000 to 165,...Read More

The Beginning of the End for Oil?

July 15, 2022 / www.energyandcapital.com

Strange things are afoot at the EIA. Just a month ago, things had hit a feverish pitch for oil prices, and WTI crude soared to over $120 per barrel - a price level not seen since oil surged higher after Russia rolled its tanks into Ukraine. If you're like me, you probably breathed a little sigh of relief lately as gas prices finally started coming down as crude oil lost momentum in recent weeks,...Read More

Doug Casey on Sri Lanka, the Dutch Farmer Revolt, and the Global Energy Crisis

July 14, 2022 / marketsanity.com

Doug Casey's Take, Released on 7/14/22 Join our email list to get Special reports and updates: https://dougcasey.substack.com/aboutConnect with us on Telegram: https://t.me/dougcaseyDoug Casey is an American-born libertarian economist and advocate of the free market. He is a bestselling financial author, international investor, entrepreneur, and the founder and chairman of Casey Research, a provid...Read More

Marc Faber 2022: Avoiding Disaster, Best Countries To Be In, and Geopolitical Risks

July 11, 2022 / marketsanity.com

The Upgraded Brain, Released on 7/11/22With energy shortages, war in Ukraine, and rising geopolitical risks, what's the best way to protect both ourselves and our portfolio?Dr. Marc Faber was born in Zurich, Switzerland and obtained a PhD in Economics at the University of Zurich. Between 1970 and 1978, Dr. Faber worked for White Weld & Company Limited in New York, Zurich and Hong Kong. From 1978 t...Read More

Doomberg: Continued High Energy Prices May Collapse Both the Euro and the EU

July 14, 2022 / marketsanity.com

Wall St. For Main St., Released on 7/14/22Jason Burack of Wall St for Main St interviewed returning guest, thought leader and financial blogger and financial newsletter writer, Doomberg, about how the food and energy crisis is actually getting even worse in the EU and in emerging market countries like Sri Lanka. Follow Doomberg on Twitter here: https://twitter.com/DoombergTOver 200 articles, audio...Read More

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