(IDEX Online) - Surat's diamond industry has welcomed an announcement by the Reserve Bank of India (RBI) that it can pay for Russian diamonds with rupees.Transactions were done in dollars through intermediary banks in the US, until Russia invaded Ukraine in February.The RBI will now allow purchases to be settled in rupees, as a method of circumventing current banking restrictions. The measure...Read More
RAPAPORT... US retail sales saw soft growth in June as consumer prices climbed, especially for essential goods.Revenue rose 1% from the previous month, versus a 0.1% decrease in May, according to data the US Census Bureau released last week. June sales climbed 8% compared with a year earlier. Inflation is causing consumers to modify their spending behavior and prioritize essentials such as food, e...Read More
Rio Tinto would supply materials materials including lithium, low-carbon aluminium and copper, the two firms said.Read More
"We are disappointed with the outcome of the vote"Our objective… [is] to restart our activities as quickly as possible," Raglan Mine said. Strike action at the mine started in May.Read More
The firm also announced an increase in its share buyback programme to $5 billion from $3 billion. The firm is targeting net cash cost of $1.Read More
Barrick chief executive Mark Bristow met Balochistan chief minister Abdul Quddus Bizenjo in the provincial capital Quetta on July 19, a day after talks with the federal government's finance ministerRead More
U.S equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade. The Euro moved higher following news that the European Central Bank raised its base rate by 0.50%.Index futures were virtually unchanged following release of the July Philly Fed report at 8:30 AM EDT. Consensus was a gain of 1.6 versus a decline of 3.3 in June. Actual was.a drop of 12.3.Te...Read More
The latest two drill holes Eloro Resources (TSXV: ELO; US-OTC: ELRRF) has released from its Iska Iska silver-tin project in the Potosi Department of southern Bolivia, are also the best to date. Highlights from hole DSBU-10, an underground hole drilled across the higher-grade feeder zone at the Santa Barbara Resource definition area included 349 metres grading 44.75 grams silver per tonne and 1.05...Read More
Fancamp Exploration (TSXV: FNC) has agreed to sell all its rights and interests in the Koper Lake-McFaulds mineral properties, comprising four mining claims located within Ontario's Ring of Fire, to KWG Resources (CSE: KWG). The entire property package covers 10.2 sq. km immediately to the east of claims owned by Wyloo Metals containing the Eagles Nest nickel-copper-platinum deposit.KWG is current...Read More
De Beers, the world's top diamond producer by value, has boosted its full-year guidance to 32 million-34 million carats, from 30 million-33 million carats thanks to what it calls "robust demand" from U.S. customers.The Anglo American unit saw a slight decrease in production in the three months to June 30, churning out 7.9 million carats, down from the 8.2 million it produced during the same quarte...Read More
Lithium Americas (TSX: LAC; NYSE: LAC) has marked the official opening of its lithium process testing facility located in Reno, Nev., with a ground-breaking ceremony on Thursday. The company was joined by Nevada Governor Steve Sisolak and University of Nevada, Reno president Brian Sandoval.The Lithium Technical Development Center was developed to demonstrate the chemical process designed for the c...Read More
Golden Arrow Resources (TSX-V: GRG) has terminated its option to acquire a 75% stake in the Libanesa silver-gold project in Argentina's Santa Cruz province.The company said it would focus instead on its new 100% owned San Pietro copper-gold-cobalt project in Chile and other projects in Argentina.The 145-sq.-km Libanesa project, owned by Mirasol Resources (TSX-V: MRZ), is located about 70 km west...Read More
Jordan Roy-Byrne, Founder and Editor of The Daily Gold, joins us look at the key technical and fundamental data points he's following for gold and the gold m...Read full newsRead More
VVC Exploration Corporation (TSX:VVC), dba VVC Resources, (Read full newsRead More
Dear Outsider,You've heard me ramble on about the power of following legal insider trading.I've got to admit, I started to bore myself.That's because there was a severe lull in the broader markets and it kept raining on our parade.But as I've said many times, when the market drops, you need a strategy that gives you the upper hand.Main Street has been floundering...Investors aren't sure what moves...Read More
"Suggestions about potential use of EVRAZ's steel, vanadium and other products for military purposes indicate not only the misunderstanding of steel industry's base principles, but the lack of knowledge about EVRAZ's product range as well," the company said.EVRAZ's listing on the London Stock Exchange was suspended on 10 March pending forthcoming sanctions on the company related to Russia's 2022 i...Read More
Share this articleVANCOUVER - Jourdan Resources Inc. [JOR-TSXV, JORF-OTCQB-2JR1-FRA], a company that is aiming to become the next lithium producer in Quebec, said it is increasing the size of a recently announced private placement financing, which is now expected to generate proceeds of $2.4 million.In a press release on June 29, 2022, the company said it planned to complete a non-brokered priva...Read More
Few investors are gifted with foresight. If everyone knew what the future foretold, investing would be a much different game than it is today. Unfortunately, most of the investment herd today is reactionary and waits until the shit has actually hit the fan before acting. I'm not telling you anything new, dear reader, because it happens all the time around us. Just ask yourself how many investor...Read More
The Daily Gold, Released on 7/22/22The S&P 500 is rallying but following the historical path that other bad bear markets followed. Typically, there is a decline of around 20% and then a bear market rally that reaches the 200-day moving average. The S&P 500 has ~5% more upside before it tests the 200-day moving average. The average of 6 of the worst bear market suggests a secondary peak at the 200-...Read More
CNBC, Released on 7/22/22Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, joins CNBC's 'Squawk Box' to break down his outlook on markets and inflation.Mohamed El-Erian is the Chief Economic Adviser of Allianz, a multinational financial services company. He is the former CEO and co-Chief Investment Officer of PIMCO, a global investment firm and one of the world's lar...Read More