Recent News

Rapaport Weekly Market Comment

February 14, 2019 / www.diamonds.net

Polished market improving, with suppliers selling at lower pricesto generate liquidity. Rough trading cautious as high rough prices and weakpolished continue to squeeze midstream profits. Shortages of top-make goods dueto reduced manufacturing, but large inventory of leftover lower-qualitydiamonds. Chinese government reports retail sales +9% during 7-day Lunar NewYear holiday. High-end luxury robu...Read More

India: Activity Rises Ahead of Hong Kong Show

February 14, 2019 / www.diamonds.net

Dealers preparing for Hong Kong show, stimulatingbetter activity in Bharat Diamond Bourse. Overseas buyers interested in 0.30 to2 ct., H-K, VS2-I1 stones. Little buzz around IIJS Signature fair, but steadygold jewelry market for wedding season. Liquidity concerns amid bankruptcyrumors of small-scale manufacturers. Polished production levels remainrestrained. RoundRead More

Pandora Hires Industry Outsider as CEO

February 14, 2019 / www.diamonds.net

RAPAPORT... Pandora has named veteran consumer-brand executive AlexanderLacik as its CEO, as it seeks to transform the company following weak sales. "Alexander is a brilliant marketer and brand architect, andhas throughout his career shown himself as a great leader and a highlyeffective executor," Pandora chairman Peder Tuborgh said. "His skills andexperience will be key to revitalizing the Pandor...Read More

India's Asian Star Sees Revenue Fall

February 14, 2019 / www.diamonds.net

RAPAPORT... Indian diamond manufacturer Asian Star's sales and profitdeclined in the third fiscal quarter, the company said Wednesday. Group revenue dropped 24% year on year to INR 7.93 billion($111.7 million) in the three months ending December 31. Net profit plummeted63% to INR 181.6 million ($2.6 million). Revenue from diamond sales, Asian Star's largest division,dropped 27% to INR 6.94 b...Read More

Rapaport Trade Mission to Surat, India

February 14, 2019 / www.diamonds.net

RAPAPORT... The RapaportGroup is pleased to announce our trade mission to Surat, India. This mission willprovide an opportunity for members of the diamond-and-jewelry trade to gainfirst-hand knowledge of the diamond supply chain. Surat ishome to an estimated 500,000 diamond cutters, who manufacture over 90% of theworld's polished diamonds. Participants will experience the real diamondmarket at the...Read More

IDI to Again Hold Diamond Auction of Special Stones at HKTDC Show

February 14, 2019 / www.idexonline.com

(IDEX Online) - The Israel Diamond Institute (IDI) will hold an auction of special stones at HKTDC's Hong Kong International Diamond, Gem & Pearl Show following a successful pilot event last year.   The auction will be held at IDI's Israel Diamond Pavilion, which this year will host 58 companies. There will also be 10 Israeli companies exhibiting in other locations throughout the show....Read More

Gem-A to Expand Gemological Education With Move Into USA

February 14, 2019 / www.idexonline.com

(IDEX Online) - Gem-A (the Gemmological Association of Great Britain) has established an independent, non-profit entity in the United States designed to facilitate its gemological education in an important market.   Gem-A USA will provide the same Gemmology and Diamond Diploma courses designed to inspire and educate the next generation of gemologists, the lab said.   Gem-A USA has announ...Read More

Vast Resources set to mine Zimbabwe diamond territory - Minister

February 14, 2019 / www.miningweekly.com

HARARE/LONDON – London-listed miner Vast Resources is to be allowed into Zimbabwe's diamond fields, Mining Minister Winston Chitando said on Thursday, joining other new entrants including Russia's Alrosa.Zimbabwe is stepping up efforts to exploit its mineral resources to revive a moribund economy sapped by high inflation and unemployment, with President Emmerson Mnangagwa looking to...Read More

Famed Cullinan mine banks on big diamonds to drive down debt

February 14, 2019 / www.miningweekly.com

CULLINAN – The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.Petra Diamonds bought Cullinan in 2008, aiming to breathe new life into the South African mine renowned for yielding the largest rough gem diamond eve...Read More

Tech Talk for Thursday February 14th 2019

February 14, 2019 / www.timingthemarket.ca

U.S. equity index futures were mixed this morning. S&P 500 futures were unchanged in pre-opening trade. Index futures moved lower following release of economic news at 8:30 AM EST. Consensus for Weekly Jobless Claims was 225,000 versus 234,000 last week. Actual was 239,000. Consensus for the January Producer Price Index was an increase of 0.1% versus a decline of 0.2% in December. Actual was a...Read More

Miner fined US$488,000 for using wells in Chile without permission

February 14, 2019 / www.mining-journal.com

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesLumina Copper Chile was fined 325 million pesos (US$488,000) for irregularities related to its Caserones mine.Read More

Strike action at El Roble

February 14, 2019 / www.mining-journal.com

"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftEastern promise for PolarXSPONSOREDpolarxCobalt leader talks about new era for project, IdahoSPONSOREDecobalt solutionsGolden Mile positioned for successSPONSOREDgolden mile resourcesAtico said it had been unable to reach a new two-year collective agreement at the copper-gold operation in Co...Read More

No Southern Copper tailings spill: regulator

February 14, 2019 / www.mining-journal.com

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe body of a 64-year-old employee from Southern Copper's Toquepala operation, who was swept away by a mudslide on Friday, was found earlier today.In a translated statement, the company said searchers found his body 7km from where he had been working.Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe company expressed sincere...Read More

Capstone back in the black on lower sales

February 14, 2019 / www.mining-journal.com

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesTotal 2018 revenue was $415.9 million, 3% lower year-on-year compared against revenue of $420.4 million in 2017.The company said it met guidance with output of 155.2Mlb copper, despite the number being 5% lower year-on year, at 3% higher C1 cash costs of $1.83/lb of payable metal.Alderan unlocking Frisco potentialSPONSOREDalderan resource...Read More

First ore processed at Cobre Panama

February 14, 2019 / www.mining-journal.com

Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe Toronto-headquartered company said Wednesday the ore passed through the primary crushing circuit last week at initial feed rates of 4,000-5,000t/h, before being placed into the first completed milling circuit.In the coming weeks the focus will remain on hot commissioning to move the ore throughout the plant until the first copper conc...Read More

How to Buy Hawaii's Most Desirable Real Estate for $11

February 14, 2019 / dailyreckoning.com

Every single day as I suffer through this frigid winter, I dream of buying a house somewhere beautiful, sunny and warm.My dreams aren’t just for any random warm location, though. I have a specific place in mind.For me, there is no place that I would rather be than Maui, Hawaii!For now at least, elementary school age children and strong family ties to where I currently live are keeping me fro...Read More

PRIZE MINING PROVIDES ADDITIONAL DISCLOSURE WITH RESPECT TO ITS NEWS RELEASE DATED JUNE 21, 2018 AND THE JULY 6, 2018 NON-BROKERED PRIVATE PLACEMENT

February 14, 2019 / prizemining.com

Vancouver, British Columbia(February 14, 2019) -  PRIZE MINING CORPORATION ("Prize" orthe "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announces thatpursuant to the Alberta Securities Commission order of February 12, 2019 withrespect to Prize (the "ASC Order"), the Company is providing additionaldisclosure with respect to its previously issued news release on June 21, 2018head...Read More

United States Snapshot: Ten companies with projects on the go in the USA

February 14, 2019 / www.northernminer.com

Mining and mineral exploration in the U.S. has been on an uptick in recent years, thanks to higher gold and silver prices, and an easing in some regulatory burdens. Here's a look at 10 companies involved in mining or mineral exploration in the United States.AMERICAS SILVERToronto-based junior silver miner Americas Silver (TSX: USA; NYSE-AM: USAS) has two operating mines in Mexico and Idaho, plus a...Read More

Ascendant doubles resource of Lagoa Salgada in Portugal

February 14, 2019 / www.northernminer.com

Ascendant Resources (TSX: ASND; US-OTC: ASDRF) has nearly doubled the number of tonnes at both its North and South deposits, part of the Lagoa Salgada polymetallic project in Portugal's Iberian Pyrite Belt.The increase comes after drilling just 20 additional holes in 7,077 metres and the company believes there is potential for further growth along a continuous 1.6-km-long induced polarization (IP)...Read More

Facts 'n' figures: Central banks buoyed gold demand in 2018

February 14, 2019 / www.northernminer.com

The following is an edited summary from the World Gold Council, based on its Gold Demand Trends Full Year and Q4 2018 report. To access the full report, visit www.gold.org.Global gold demand reached 4,345 tonnes (140 million oz.) in 2018, up 4% on 2017 and in line with five-year average demand of 4,348 tonnes, according to the World Gold Council's latest Gold Demand Trends report.The annual inc...Read More

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