Sales of the world’s largest diamond miner by volume, Alrosa, came to a near halt in April, with the company only selling $15.6-million in rough and polished diamonds in the month.This compares with sales of $152.8-million in March and $405-million in January this year.AdvertisementThe Russian company virtually stopped selling diamonds as governments across the globe were taking active...Read More
(IDEX) - Alrosa's monthly figures reveal the full impact of COVID-19, with April sales of rough and polished plunging to just $15.6m.That's a fall for the state-owned Russian miner of 96 per cent on $405m sales in January, before coronavirus lockdowns and travel restrictions came into force. Sales for the world's largest diamond producer by volume in 2019 were $3.3bn.Alrosa sou...Read More
(IDEX Online) - The case against lab-grown diamond companies accused of patent infringements is to go ahead, after a judge threw out their motions to dismiss.The Carnegie Institution of Washington and WD Lab Grown Diamonds, the manufacturer licensed to use its chemical vapor deposition (CVD) technology, are jointly bringing a case against competitors at a New York federal court.Defendants Fenix Di...Read More
(IDEX Online) - The billionaire who owned Firestar Diamond yesterday began his legal fight against extradition to India, where he is accused of defrauding the Punjab National Bank out of $1.85bn.Nirav Modi, 49, is alleged to have persuaded corrupt bank workers to approve low-rate loans for importing foreign goods, which he used to pay off debts. He was India's most wanted man and was the...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesSeven ways the resources sector can survive the COVID-19 crisisSPONSOREDproudfootThe report reveals some minerals, such as aluminium, copper and molybdenum, will be used across a range...Read More
Click here to download Base Metals Weekly DataDISCLAIMER - IMPORTANT PLEASE READ CAREFULLY This Disclaimer is in addition to our Terms and Conditions as available on our website and shall not supersede or otherwise affect these Terms and Conditions. Prices and other information contained in this publication have been obtained by us from various sources believed to be reliable. This info...Read More
Broader markets were generally weaker this morning, Tuesday May 12, amid concerns about clusters of new Covid-19 infections in the Chinese city of Wuhan and in South Korea, while China’s consumer price index (CPI) and producer price index (PPI) data releases were weaker than expected. Asian-Pacific and pre-market major western equity indices were mainly weaker this morning. Base metals Three-...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade. Index futures responded to news that the Federal Reserve is starting a program to purchase corporate bond Exchange Traded Funds. Index futures were virtually unchanged following release of the April Consumer Price Index at 8:30 AM EDT. Consensus was a decline of 0.8% versus a drop of 0.4%...Read More
Great Bear Resources (TSXV: GBR) is raising $33 million in an upsized (from $20 million previously) bought deal private placement. The syndicate of underwriters is led by Canaccord Genuity, with Great Bear issuing 1.47 million flow-through shares at $17 per share and 725,000 common shares at $11.04 each.Gross proceeds from the flow-through portion of the offering will be allocated towards eligible...Read More
RNC Minerals (TSX: RNX) is making its status as a gold-focused company official, announcing the acquisition of a third gold project in Australia, and proposing a name change to Karora Resources.RNC already operates the Beta Hunt and Higginsville gold operations in Western Australia, and holds a 28% stake in the advanced Dumont nickel project in Quebec. Now, it's signed an agreement to purchase the...Read More
NexGen Energy (TSX: NXE; NYSE: NXE) has signed a US$30 million financing agreement with Queen's Road Capital Investment (TSXV: QRC) and plans to use the funds to advance work at its flagship Arrow deposit, part of the company's Rook 1 project in Saskatchewan."Warren Gilman, chairman and chief executive officer of Queen's Road Capital, is a long-time shareholder and supporter of NexGen and also joi...Read More
Adriatic Metals (LSE: ADT1; ASX: ADT), which until now has focused its efforts in Bosnia-Herzegovina, is diversifying into neighbouring Serbia, with the acquisition of Tethyan Resource (TSXV: TETH) in an all-share deal worth US$10 million.Tethyan has two brownfield projects in southwestern Serbia: the Kizevak zinc-lead-silver project, which consists of two past-producing open-pit mines, and the Ru...Read More
This episode features excerpts from Newmont's May 5, 2020, conference call. Newmont president and CEO Tom Palmer discusses how the company is dealing with the coronavirus and its impact on mining operations. He also explains how the company's "long-term value proposition remains unchanged," with plans for further dividend increases and stock buybacks. Also, COO Rob Atkinson describes how the compa...Read More
Russia's Alrosa, the world's top diamond producer by output, saw sales for rough and polished diamonds fall to US$15.6 million in April, as the coronavirus pandemic continues to hit demand.The figure compares to the US$152.8 million the diamond miner fetched in March and the US$405 million in January.Deputy CEO, Evgeny Agureev, said restrictions to slow down the spread of the virus and falling dem...Read More
Every kingdom needs his legends and who better to answer this call for the Bike Kingdom Lenzerheide than Belgian ripper Thomas Genon. He welcomed this role with open arms, building upon his own legend with the support of no one less than @Anthill Films. To see how Thomas rules his new kingdom, check out <
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