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Codelco's Radomiro Tomic copper mine. (Image by Matt Hintsa, Flickr). The Chilean parliament's Mining Commission announced that it will investigate allegations against an insurance company accused by Codelco of inflating policies for workers at the Radomiro Tomic y Chuquicamata copper mines. Last week, Codelco filed a complaint before Santiago's 29 Civil Court against Chilena Consolidada, a firm...Read More
Lithium-rich Uyuni salt flat in Bolivia. (Image by Psyberartist, Flickr). A new report by Roskill states that the lithium industry is in a waiting game. Suppliers are limiting capacity utilisation and expansions to see if prices pick up as demand grows and inventories go down.Although the strategy is expected to provide significant opportunities, it's not clear when it is going to be really effec...Read More
Brewer gold miner site. (Image courtesy of Brewer Gold Receiver). Canadian miner Pancontinental Resources (TSXV: PUC) and American engineering company Environmental Risk Transfer were selected in a competitive process to explore the former Brewer gold mine in South Carolina, near Pancon's Jefferson project.Brewer is located 12 kilometres northeast and along trend from OceanaGold's (TSX, ASX: OGC)...Read More
Reference image of the Nalunaq gold mine in southern Greenland. (Image by Nalunaq Gold Mine via James St. John, Flickr). Miners working at porphyry copper and gold deposits should be aware that the deeper a deposit is, the more copper there will be, while gold-rich deposits are closer to the surface. This, according to a study published in Nature Communications.Now the mineral exploration indust...Read More
Key market indices closed higher at the end of last week after the US and China signed the long-awaited phase one trade deal, ending 18 months of market tumult.The palladium price achieved a new record, breaking through the US$2,500 an ounce mark on Friday as demand continues for the metal used in autocatalysts. It was back around $2,300/oz on the spot market this morning.Its gains follow rhodium'...Read More
Adriatic Metals PLC (ASX: ADT, LSE: ADT1) is a precious and base metals explorer and developer, with the first mover advantage, via its 100% interest in the polymetallic Vare?? Project in Bosnia & exploration deposit at Rupice. Adriatic's short-term aim is to expand the current JORC resource at Rupice, as well as conduct exploration on a number of other prospects within the property. We learned fr...Read More
Bob Moriarty of 321gold explains why he has invested in this silver explorer with a project in Colorado. Metals other than gold have finally gotten their wake-up call. Last week rhodium shot up to $7700 up from $575 three and a half years ago. Platinum broke $1000 to settle at $1027 and even silver was up.South Africa has gone the Zimbabwe route. They are murdering white farmers and set the price...Read More
Some basic logic must come to the table inthe Gold pricing mechanism. The easiest way to keep the Gold price down is NOTTO USE IT IN TRADE, NOR IN BANKING RESERVES, and to relegate it to thesidelines as the barbaric metal. Some deep amusement comes always in hearingthat Gold does not have value, does not earn a yield, and has no uses. Watchingthe destruction in bond principal value leads the obser...Read More
RAPAPORT... Chow Tai Fook has acquired Enzo Jewelry, a colored-gemstone brand with around 60 retail locations in mainland China.Enzo, founded in 2004, targets "modern, sophisticated and self-confident women who demand fashionable jewelry with a highly distinctive style," Hong Kong-based Chow Tai Fook noted Friday. The brand aims to grow in mainland China through self-operated and franchise stores,...Read More
RAPAPORT... The Gemological Institute of America (GIA) has suspended its diamond-sealing service after fraudsters tampered with packets and replaced stones with treated ones. A small number of packages were "compromised" after leaving the GIA with their seals closed, the organization said in a statement Friday. The "third parties" swapped the original goods with natural diamonds that had undergone...Read More
RAPAPORT... Rio Tinto expects a decline in diamond production in 2020 as it reduces output at its Argyle mine in Australia, which is set to close in the fourth quarter.The company will produce between 12 million and 14 million carats for the year, compared with 17 million carats in 2019, it said last week. The miner also expects to retrieve lower grades at its Diavik mine in Canada, further i...Read More
RAPAPORT... Richemont's jewelry sales increased 9% in the third fiscal quarter as strong growth in Europe, the US and China offset weakness in Hong Kong.Jewelry proceeds from Cartier, Van Cleef & Arpels and Buccellati rose to EUR 2.16 billion ($2.40 billion) in the three months ending December 31, Richemont reported last week. The results were the first to include Buccellati following Ric...Read More
(IDEX Online) - Rio Tinto has announced its Q4 and full-year figures for 2019 with production at both the Argyle and Diavik mines down 8 percent over 2018. The miner said these results were due to lower recovered grade at Argyle, which was partially offset by stronger mining and processing rates. At Diavik, the drop was due to lower ore availability and grade from the underground operations....Read More
(IDEX Online) - GIA (Gemological Institute of America) has announced that it is suspending its diamond sealing services. The suspension is effective immediately and comes following the discovery that "a small number" of GIA sealing packets that had been compromised by third parties after the sealing packets left GIA. The Institute said that in these cases, the original diamonds had been repla...Read More
(IDEX Online) - Industry charity Jewelers for Children (JFC) will honor Virginia "Gina" Drosos, CEO of Signet Jewelers, Ltd. and Mercedes Abramo, president and CEO of Cartier North America at the 22nd edition of its annual Facets of Hope event in Las Vegas. Drosos was appointed Signet CEO in July 2017 and has served as a director of Signet's boardsince 2012. She serves on the Board of Ak...Read More
(IDEX Online) - Alrosa has announced that it has started test drilling at the Mir kimberlite pipe. The move is part of its strategic investment plan. Mining at the Mir underground mine was suspended in 2017.Under the current feasibility study, the miner will start searching the kimberlite pipe at a depth of 1,200-1,600 meters below the surface. This will help to define more precisely the pipe'...Read More
PRIVATE BLOG - Gold & the ECMPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
PRIVATE BLOG - Palladium & the ECMPrivate blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
Un fuerte sismo sacudi?? la regi??n occidental de Xinjiang, en el extremo occidental de China, no hay reportes de heridos o da??os. COMENTA ESTE VIDEO Y COMPARTELO CON TUS AMIGOSPara m??s informaci??n entra: http://www.youtube.com/excelsiortvNo olvides dejarnos tus comentarios y visitarnos enFacebook: https://www.facebook.com/ExcelsiorMexTwitter: https://twitter.com/Excelsior_MexSitio: http://www....Read More