Gem Diamonds published its results for the first half of 2019, reporting a revenue of $91.3 million, compared to $167.7 million during the first half of 2018. The miner's earnings before interest, taxes, depreciation and amortization (EBITDA) stood at 25.3 million, compared to 70.7 million in 2018. Its attributable profit, from continuing operations was $6.6 million against $26.8 millio...Read More
While investor sentiment toward Zimbabwe is expected to improve, the country faces yet another economic crisis in the form a currency crisis that could deter investors who have had their interest in the country piqued recently, law firm Webber Wentzel tells Mining Weekly. “The indigenisation law, which is a challenge that investors are facing, is a minor issue in light of the foreign currenc...Read More
The optimism following the ousting of former Zimbabwean President Robert Mugabe was short-lived, with the realisation that it would not result in substantial change in the short term, or immediate return of foreign investment to Zimbabwe. This also came with the realisation that the once-healthy economy of the country would not be immediately revitalised, says legal service provider Eversheds Suth...Read More
Despite experiencing growth last year, intermittent power supply and a lack of new foreign direct investment (FDI) are the main causes of the Zimbabwe mining sector’s declining performance, says specialist strategy and communications consultancy Africa Practice mining sector lead Rishon Chimboza. Mining has been a lifeline for the country’s economy, with more than 60% of foreign exchan...Read More
The Angolan government is currently engaged in an international roadshow to showcase mineral concessions that the country will make available to local and foreign investors. The roadshow started with a presentation in Luanda on August 27, with the second presentation to be held in Dubai on September 10, followed by Beijing on September 16 and then ending in London on September 20. The intent is to...Read More
Stellar result for PolarXSPONSOREDpolarxHole 34 extends mineralisation to the north to an area never drill-tested before and returned 819.9m grading 0.53% copper, 0.24 grams per tonne gold and 7.83g/t silver for 0.Read More
LSE-listed Gem Diamonds continues with the successful implementation of its business transformation programme, which is aimed at achieving $100-million in incremental revenue, productivity improvements and cost savings to the end of 2021.Reporting on the diamond miner’s results for the six months ended June 30, CE Clifford Elphick on Thursday said the company had already achieved $42-million...Read More
Alrosa said on Thursday its supervisory board will consider terminating the Russian diamond miner's participation in the share capital of Alrosa-Nyurba on September 10 by way of voluntary liquidation of Alrosa-Nyurba.The voluntary liquidation, in case it gets an approval from Alrosa's board and then from Alrosa-Nyurba's board and shareholders, would be completed by the end of 2020, it...Read More
The markets have been under steady pressure for so long that the combination of good news about Hong Kong, with the withdrawal of the extradition bill, and reports that high level US-China trade talks will resume in October, have been enough to lead a relief rally. This saw the three-month base metals prices on the London Metal Exchange rise by an average of 2.4% on Wednesday September 4.The rally...Read More
Mining Weekly and Engineering News Senior Deputy Editor Martin Zhuwakinyu unpacks the investments in Zimbabwe’s mining sector.AdvertisementRead More
U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points in pre-opening trade. Index futures responded to news that trade negotiations between China and the U.S. will resume early in October.The S&P 500 Index is scheduled to open above short term resistance at 2643.31.Index futures moved slightly higer following release of economic news at 8:15 and 8:30 AM EDT....Read More
Theta's triumphant return to forgotten South Africa gold rush siteSPONSOREDtheta gold minesAmani Gold fires up ambitious growth moves in CongoSPONSOREDamani goldWhite Rock ready to roll with NSW gold projectSPONSOREDwhite rock mineralsThickened tailings deposition for closureSPONSOREDsrk consultingIn past cycles, investment returns among the smallest companies in the mining industry would have...Read More
Extremely dovish monetary policies around the world and economic conditions could propel gold prices much higher, to even $10,000 over the long-term. "I think it goes up to $10,000. I don't think it's going to happen in the next 12 months, but I think the supply of gold, peak gold is there. The supply of gold is not growing. GDP per capita is still strong in China and India and Southeast Asia. 60%...Read More
On his recent trip to New York City, Frank Holmes stopped by Kitco News to chat with Daniela Cambone about the latest updates in the gold market. On what's driving the rally, Frank says that an imbalance of fiscal and monetary policy, such as tariffs and negative real interest rates, are a big factor. Some investors talk of $2,000 an ounce gold, but Frank thinks $10,000 an ounce wouldn't be crazy....Read More
Lyric Video by Tommy Boysen performing Dembow. | (C) 2019 La Verdadera Mafia.Concursa para grabar conmigo esta canci??n.1- Sube un video a Instagram cantando una estrofa creada por ti en el espacio libre del 1:11 usando el hashtag #DembowChallenge y etiquetandome (@tommyboysen)2- Estar?(C) reposteando los mejores videos en mi perfil de Instagram.3- El video con m??s likes ser?? el ganador y podr?...Read More
#Kingck #LB #BellasongRead More
Making good on his promise to personally rank the natural resource companies in our viewers' portfolios, Rick Rule, CEO of Sprott Asset Mgt (known for their physical bullion funds,) returns to Reluctant Peppers to answer YOUR questions on gold, silver, inflation, mining stocks, investing, speculating, and protecting your family from the potential of a coming collapse.Rick responds with characteris...Read More
Extract from the 4CDs boxset to be released on oct. 2019 on Sonoris.Read More
Sep 06, 2019 Guest(s): Will Rhind CEO, GraniteShares The world has seen a "paradigm shift" where nothing is the same as before, and the Fed has difficult choices to make, says Will Rhind, CEO of GraniteShares. "On the one hand you could make the case for, which obviously the president would make, that yes, interest rates are too high and it's now against the backdrop of almost zero if not zero o...Read More
The hastened ban follows the relaxation of a previous ore export ban in 2017. Market analyst Wood Mackenzie believes the move has serious implications for nickel supply, particularly in China, but also Indonesia.The nickel price rose last week from US$15,779 per tonne on August 27 to $18,004 on August 30 - a fresh five-year high - lingering at elevated levels on Wednesday at $17,905/t.While the ea...Read More