RAPAPORT... Alain Bernard, the former CEO of Richemont North America, will join the board of Aether Diamonds, a synthetics producer that claims to grow its stones using carbon dioxide from the air.Before his most recent position at Richemont, which he left last year to start a consulting firm, Bernard spent nearly nine years at Van Cleef & Arpels and seven at Cartier, Aether said last week. Hi...Read More
RAPAPORT... The World Federation of Diamond Bourses (WFDB) has appointed Eyal Shirazy as executive director of trading website Get Diamonds.Shirazy joins the business-to-business (B2B) platform from his role as chief digital officer at Shlomo Sixt Group, an Israeli company spanning the investment, automotive and insurance industries, the WFDB said last week.The WFDB adopted Get Diamonds as it...Read More
RAPAPORT... Millennial and Gen-Z shoppers are increasingly turning to lab-grown diamonds to get a larger stone more affordably in both the fashion and bridal categories, an MVI Marketing survey found.Respondents said the ability to spend less for the same size and quality was the primary reason they would select synthetics over mined diamonds, closely followed by gaining a bigger diamond for the s...Read More
RAPAPORT... Lucara Diamond is looking for acquisition opportunities, as the industry currently lacks an investable, mid-tier mining company, CEO Eira Thomas told the Rapaport Diamond Podcast. "Right now, we have a very bipolar industry, with [De Beers and Alrosa] on one side, and a handful of smaller miners on the other," she explained to Rapaport Senior Analyst Avi Krawitz. "Consolidation makes s...Read More
(IDEX Online) - Zimbabwe could benefit from a supply gap in rough diamonds, says the CEO of its biggest miner.Russia's invasion of Ukraine could increase demand, according to Mark Mabhudhu (pictured), of the state-owned Zimbabwe Consolidated Diamond Co (ZCDC)."It may end up creating the supply gap that may drive demand for our product, as well as that of other players," he said in an in...Read More
(IDEX Online) - An armed gang held nine employees and customers at gunpoint in a $1.5m raid on a jewelry store.They zip-tied several victims at the Jared store in Glendale, Arizona, USA, said police, and stole their personal possessions, as well as merchandise from the store.Police arrested four suspects after a woman dialled 911 during the robbery last Wednesday evening. They face charges of arme...Read More
The tech start-up using core enablers of automation to benefit every mineSPONSOREDMarvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Anglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Anglo plans to produce polyhalite, a type of potash that cur...Read More
(IDEX Online) - Diamonds from Russia should be treated as conflict diamonds, says the US-based NGO Pact."These are objectively conflict diamonds: They're funding an armed conflict against a peaceful neighbour, by a state actor," said Cristina Villegas, director of its Mines to Markets operation.She was quoted by the London-based Guardian newspaper in a piece entitled "Jewellery industry accus...Read More
Base metals prices on both the London Metal Exchange and Shanghai Futures Exchange were mixed on the morning of Tuesday March 22, and volumes on the former have been very light with less than 2,000 lots traded as at 6.30am London time.* Federal Reserve chair Jerome Powell adamant the US central bank will attack inflation aggressively.* Brent crude oil back at $115 per barrel.* Expect LME nickel to...Read More
The tech start-up using core enablers of automation to benefit every mineSPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining The funds are being raised through a non-brokered private placement...Read More
Max - which has seen its share price on a strong upward trend throughout this year - has enlisted Endeavour to help with finances required by Colombia's National Mining Agency. In return, Endeavour will take a smelter-royalties return and 5% ownership of Max.Endeavours' net smelter returns royalty will be an underlying 0.5% and cover new mineral tenures, but not the ones that Max currently ha...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 9 points in pre-opening trade. Nike gained $8.11 to $138.30 after the company reported higher than consensus fiscal third quarter revenues and earnings.Altria advanced $0.56 to $52.25 after Goldman Sachs upgraded the stock to a Buy.Schlumberger added $1.45 to $41.19 after Goldman Sachs added the stock to its Conviction...Read More
Vale (NYSE: VALE) has struck a multi-year agreement to supply Swedish lithium-ion battery manufacturer Northvolt AB with low-carbon nickel from its Long Harbour refinery in Newfoundland. Details regarding volume and pricing were not released, but the multinational base metals miner said that the agreement had been two years in the making and would serve as a "launchpad for further cooperation."...Read More
Toronto-based Freeman Gold (TSXV: FMAN; US-OTC: FMANF) has reported near-surface, bonanza grade results from a recent drilling program at the company's Beauty zone site, part of its 100%-owned Lemhi gold project in eastern Idaho.The company began an exploration program at the 30-sq.-km Lemhi site in 2020, with the majority of its drilling having been conducted in the central part of the project. H...Read More
The global refined copper market showed a 92,000 tonnes deficit in December, compared with a 123,000 tonnes deficit in November, the International Copper Study Group (ICSG) said in a new data release.For the full year, the market reported a deficit of 475,000 tonnes compared with a 484,000-tonne shortfall a year earlier, the ICSG said.World refined copper output in December was 2.11 million tonnes...Read More
Galway Metals (TSXV: GWM; US-OTCQB: GAYMF) is preparing to release a new mineral resource update within days encompassing all six of the Clarence Stream gold project's discovery zones in New Brunswick.Recent exploration has confirmed a continuous mineralized strike of at least 3.1 km, connecting previously separate deposits. Most recently, the company has succeeded in expanding the George Murphy Z...Read More
Meridian Mining (TSXV: MNO; US-OTC: MRRDF) has announced new results from its 25,000-metre drill program at its Cabacal copper-gold project at Mato Grosso in west-central Brazil as it works to update the resource later this year. Highlights from the drill results included 11.9 metres grading 1.3% copper, 0.4 gram gold per tonne, 8.9 grams silver per tonne starting from 61.8 meters in drillhole CD...Read More
Silver Tiger Metals (TSXV: SLVR; US-OTC: SLVTF) announced high-grade drill results from the Sooy vein at its El Tigre project in northwest Mexico, an area at the historic mine district that was drilled for the first time. Drill highlights included 9.3 metres grading 4.65 grams gold per tonne, 1,877.1 grams silver per tonne, 0.03% copper, 0.39% lead and 0.02% zinc starting from 36.6 metres; and...Read More
Talisker Resources (TSX: TSK; OTC: TSKFF) has reported more high-grade assays from drilling at at its flagship Bralorne gold property in B.C. Bralorne is an advanced-stage project hosting three historic gold mines that together produced 4.2 million oz. at an average recovered grade of 17.7 grams gold per tonne.This time, the results are highlighted by SBP-2021-020, which returned 21.5 grams gold o...Read More
This week's episode features a presentation by the World Bank senior mining specialist Martin Lokanc at the Global Mining Symposium. Martin explains why the shift to green energy will be more mineral intensive than fossil fuels and how supply chains are in the process of changing around the world. He also points out how areas like the Middle East and Africa will play bigger roles in the mining ind...Read More