RAPAPORT... The 2018 World Diamond Congress will take place in Mumbai inlate October, the World Federation of Diamond Bourses (WFDB) said last week. The meeting of the WFDB and the International DiamondManufacturers Association (IDMA) - at which the organizations discussindustry issues every two years - was originally scheduled for June inTel Aviv. The groups canceled the meeting due to low regist...Read More
RAPAPORT... Okavango Diamond Company (ODC) has signed on to use theGemological Institute of America (GIA)'s M2M tracking program for some of itsrough stones. ODC's July spot auction will be its first to featurediamonds that have been evaluated by the GIA, the diamond-grading organizationsaid Friday. Okavango, a Botswana government-owned rough supplier, is entitled to 15% of production coming...Read More
(IDEX Online News) - The IDEX polished diamond price index was stable in June, rising very slightly during the month. The Index began the month at 124.90 and ended at 125.49. Outlook Diamond trading was robust during June, as seen by the ongoing robust demand for goods reported by De Beers and ALROSA. De Beers sold a provisional $575 million of rough at its fifth sight of this year, making...Read More
(IDEX Online News) - Round diamonds saw a small number of changes in smaller stones of half a carat and less in June. There were decreases of 1-3% in diamonds of 0.90-0.99 carats, I-J, IF-VVS1, and also in 4.00-4.99 carats, D-F, VS2, while 5.00-5.99 carat stones, F-H, VS2, saw declines of 1-3%. Increases were noticeable in diamonds of 3.00-3.99 carats, G-I, VVS2-VS1, of 3%. Fancy diamonds also saw...Read More
RAPAPORT... Johnny Velloza is set to leave Gem Diamonds, two monthsafter his promotion to deputy CEO and chief operating officer. Velloza will step down on September 15 to become jointCEO of a copper and cobalt company, the miner said Thursday. Gem Diamonds is currently searching for his successor. In theinterim, Gavin Beevers will join the miner as technical adviser on July 1 foran as-yet-undete...Read More
RAPAPORT... Indian authorities have asked Interpol for help arrestingthe owner of Winsome Diamonds, which is under investigation for alleged willfuldefault, The Economic Times reported.The Central Bureau of Investigation (CBI) called on theinternational police agency to issue a red notice against Jatin Mehta, who isbelieved to be in St. Kitts and Nevis, the report said Friday. A red notice is...Read More
Luxembourg-based steel pipe maker Tenaris SA is temporarily laying off workers and adjusting production at a Canadian plant because of uncertainty in the steel market following tariffs imposed by the United States, a company official said on Saturday.Teneris will lay off 40 workers at its TenarisAlgomaTubes plant in Ontario and adjust output there because of the U.S. tariffs on steel and aluminum...Read More
Carlos Slim, who is known as the richest man in Mexico, teamed up with Canada's Goldcorp (TSX:G) (NYSE:GG) by sealing a deal between his Minera Frisco and Goldcorp's subsidiary Minera Pe??asquito. The deal involves exploring and evaluating possible mining operations in Mexico's Mazapil Valley, which is in the central Zacatecas state near the Canadian miner's flagship Pe??asquito mine. In a press r...Read More
Major Thyssenkrupp shareholder Cevian called for further restructuring of the German conglomerate on Sunday, a day after it sealed a steel joint venture with India's Tata Steel.Activist investor Cevian is the second largest shareholder in Thyssenkrupp and, like fellow shareholder Elliott, has criticised Thyssenkrupp CEO Heinrich Hiesinger, saying there is significant room for improvement at the st...Read More
Toronto-based Noront Resources (TSXV:NOT) has started discussions with gold producers in Canada and elsewhere with the idea of striking a joint partnership to explore for gold.Interviewed by the Financial Post, Noront CEO Alan Coutts said that the move is necessary as the company continues to lead exploration in Ontario's massive Ring of Fire, located 540 kilometres northeast of Thunder Bay. The 4...Read More
(The opinions expressed here are those of the author, a columnist for Reuters)Read full newsRead More
"...abandoned, scammed, website dead, no nodes, wallet issues, no social updates, low volume or developers have walked away from the project."Read full newsRead More
Last Thursday, three sources told Reuters that Elon Musk's self-imposed deadline of midnight Saturday to reach the milestone 5000th Model 3 produced in a week, would fail. Reuters now cites two sources today that while they reached the 5000 milestone - it was 5 hours late...Read full newsRead More
The mining sector showed an interannual growth of 0.16 per cent in May.Read full newsRead More
The question of whether inflation will get to the Federal Reserve's 2% target has been answered: Yes. Now the question is what the Fed is going to do about it.Read full newsRead More
Featured today on WallStEquities.com is the Gold industry, which comprises companies that are engaged in the exploration and production of gold from mines.Under observation this morning are the following fours stocks: Goldcorp Inc. (NYSE: GG), Harmony Gold Mining Co. Ltd (NYSE: HMY), Hecla Mining CoRead full newsRead More
Featured today on WallStEquities.com is the Gold industry, which comprises companies that are engaged in the exploration and production of gold from mines.Under observation this morning are the following fours stocks: Goldcorp Inc. (NYSE: GG), Harmony Gold Mining Co. Ltd (NYSE: HMY), Hecla Mining CoRead full newsRead More
* Gold mining resumes, power restored after Feb. 26 quakeRead full newsRead More
The contracts with Northern Star Resources and Bluestone Mines Tasmania JV reflect increasing demand for drill rigs.Read full newsRead More
Featured today on WallStEquities.com is the Gold industry, which comprises companies that are engaged in the exploration and production of gold from mines.Under observation this morning are the following fours stocks: Goldcorp Inc. (NYSE: GG), Harmony Gold Mining Co. Ltd (NYSE: HMY), Hecla Mining CoRead full newsRead More