RAPAPORT... Watches of Switzerland has appointed David Hurley as deputy CEO of the company and president of its North America segment.Hurley, who joined the luxury watchmaker in 2015, was previously executive vice president of the US division. His promotion "reflects the importance of the US market to the growth plans of the group," the UK-based retailer said Monday. The company's acquisition of t...Read More
RAPAPORT... The World Diamond Council (WDC) ended Alrosa's membership on Friday in response to the latest US sanctions against the Russian miner."The deciding factor [was] the sanctions issued by OFAC [the Office of Foreign Assets Control] on the evening of [April 7]," the WDC said Monday. "The termination of membership includes the cessation of any rights and benefits afforded to WDC members...Read More
Lake Resources targeting 100ktpa lithium productionSPONSOREDlake resourcesAsante Gold poised for successful 2022SPONSOREDasante goldWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.West Africa an improved opportunitySPONSOREDThe spotlight is on Britishvolt which is building a £4 billion gigafactory in the northeast of England to supply lithium-ion batte...Read More
(IDEX Online) - Jennifer Lopez is again engaged to actor Ben Affleck - and this time she has an 8.5-carat natural green cushion modified brilliant-cut diamond to prove it. Affleck, 49, first proposed in November 2002, when he presented singer-actress J.Lo, 52, with a Harry Winston 6.1-carat radiant-cut fancy intense pink diamond. They called off the engagement two years later. Fans are...Read More
(IDEX Online) - A legal case against Italian banks and diamond brokers has been delayed after a judge ruled it should take place in Trieste rather than Milan.UniCredit, Italy's second biggest bank, is among those alleged to have sold diamonds to clients for investment at vastly-inflated prices.The delayed prosecution could result in charges being dropped, as they are subject to a seven-year t...Read More
(IDEX Online) - An associate of fugitive jeweler Nirav Modi was due to appear at a court in India today, after he was reportedly deported from Egypt.Subhash Shankar Parab, 50, is accused, along with Modi, of involvement in the $1.85bn fraud against the Punjab National Bank (PNB) in 2018.Officials sources suggest he may "spill the beans" and reveal much more about the case, according to multiple me...Read More
(IDEX Online) - Businesses in the US must cease all dealings with Alrosa, says the Jewelers Vigilance Committee (JVC), including any memo/consignment agreements.It issued updated guidance to members following the US Treasury Department's announcement on 7 April of further restrictions on the miner, which is one-third owned by the Russian government.Alrosa is now on its Specially Designated Na...Read More
The Q1 production record stood at 55,602 tonnes of copper in concentrate and, as previously announced, Ivanhoe expected to hit the upper end of its 2022 copper production guidance of 290,000-340,000t. First ore was introduced on March 21 to the milling circuit of the phase-two 3.8-million-tonne-per year concentrator plant, which Ivanhoe said was four months ahead of the original development s...Read More
Base metals prices on the London Metal Exchange were up across the board on the morning of Tuesday April 12, while those on the Shanghai Futures Exchange were mainly weaker, as they followed the weakness seen on the LME on Monday.* United States 10-year treasuries yields continue to climb - and to weigh on market sentiment* Today’s focus is on consumer prices (CPI) and their inflationary impl...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 29 points in pre-opening trade. Index futures moved higher following release of the March Consumer Price Index at 8:30 AM EDT. Consensus was an increase 1.1% versus a gain of 0.8% in February. Actual was an increase of 1.2% On a year-over-year basis March Consumer Price Index consensus was an increase of 8.4% versus a...Read More
Barrick Gold (TSX: ABX; NYSE: Gold) aims to start producing copper and gold from its Reko Diq project in Pakistan's Balochistan province in 2027, the company's CEO Mark Bristow said at a conference call on Tuesday. The project, which was suspended in 2011 due to a dispute over the legality of its licencing process, is expected to have an initial capital cost of about US$7 billion - according to...Read More
Having recently optioned the former Gasp?(C) copper mine from Glencore Canada, Osisko Metals (TSXV: OM; OTC: OMZNF) is ready to begin drilling on the property this week, focusing on the re-evaluation of copper mineralization near the past-producing Mount Copper open pit.The drill campaign will be divided into two phases: Phase 1 (10,000 metres) is primarily designed to evaluate extent of near-su...Read More
Having recently completed its environmental assessment (EA) process with the government of Newfoundland and Labrador, Marathon Gold (TSX: MOZ) says the federal EA for its Valentine project is also approaching a ministerial decision.Site-specific permitting pertaining to provincial jurisdiction, including acquisition of mining lease, has already commenced. Concurrently, Marathon has been notified...Read More
Western Australia-focused gold producer Novo Resources (TSX: NVO; OTC: NSRPF) has agreed to sell its entire stake in New Found Gold, consisting of 15 million shares or about 9% of NFG's share capital, to a corporation controlled by Canadian mining investor Eric Sprott. Pursuant to arm's-length negotiations, Novo will receive total consideration of $125.9 million, representing a 9.3% premium to NFG...Read More
Zeb Nickel (TSXV: ZBNI; US-OTC: ZBNIF) has discovered a new gold zone at its at its namesake nickel project located in Limpopo, South Africa. Two out of the eight drill holes from its recently completed program intersected high-grade gold, the company said. The gold zone is located adjacent to and beneath the nickel and platinum group element (PGE) mineralized zones of its flagship project....Read More
Miner and commodities trader Glencore (LON: GLEN) has inked a multi-year agreement with General Motors (NYSE: GM) to provide the automaker with cobalt from its Murrin Murrin operation in Australia.The U.S. car producer has committed to making all-electric vehicles by the end of the decade, setting the goal of having 30 new EVs models, equivalent to 1 million electric cars, in the market by 2025."...Read More
This week's episode features Ana Gabriela Juarez, president of CTA Environmental Consultants and founder of WIM Central America. Ana discusses her work as the president of an environmental consultancy focused on mining, as well as the challenges women face in the mining industry, particularly in South America. She also describes some of the educational initiatives WIM Central America has undertake...Read More
The Jimmy Dore Show, Released on 4/12/22Former weapons inspector and US Marine Scott Ritter recently tweeted that he believed that Ukrainian forces, and not Russians, were responsible for the civilian killings in Bucha, and by blaming Russia, American President Joe Biden was committing a war crime. Inexplicably, Twitter then suspended Ritter's account, alleging that he had violated their restricti...Read More
David Morgan - Twitter, Released on 4/12/22If silver were to follow other commodities, it would imply a massive appreciate from current levels added by Herman James on 04/13/2022View all posts by Herman James ?+'Read More
CNBC, Released on 4/12/22Jeffrey Gundlach is the Chief Executive Officer and Chief Investment Officer of DoubleLine Capital. He is recognized as an expert in bond and fixed income investments. His investment strategies have been featured in leading publications from around the world In 2013, he was named "Money Manager of the Year" by Institutional Investor. He is a graduate of Dartmouth College s...Read More