RAPAPORT... Stornoway Diamond Corporation saw production and sales dropin the second quarter amid a slowdown while the company transitions from open-pitto underground mining. The miner produced 223,351 carats from its Renard mine inthe three months ending June 30, a 46% decline compared with the same periodlast year. The company sold 201,283 carats at two tenders, versus 350,159carats across the...Read More
RAPAPORT... Global rough-diamond production increased in 2017, mainlydue to new mines in Canada, according to data the Kimberley Process (KP)released last week. Total output rose 29% to $15.87 billion last year, the KPsaid. By volume, production grew 19% to 150.9 million carats, with the averageprice up 8% to $105 per carat. Russia remained the largest producer of rough in 2017, itsoutput jumping...Read More
Right when the soccer fever is at its peak with the last matches of the World Cup 2018 quickly approaching, Russian giant Alrosa (MCX:ALRS) unearthed a diamond shaped as a soccer ball.The 0.50-carat stone was found at the company's Karpinskaya-1 pipe, located in the northern Arkhangelsk Region and operated by the miner's subsidiary Severalmaz."Nature creates different whimsical shapes, but it's th...Read More
RAPAPORT... Alrosa has unearthed a rough diamond bearing an uncannyresemblance to a soccer ball, and with flawless timing: bang in the middle ofthe World Cup taking place in Russia. The miner discovered the 0.50-carat stone at itsKarpinskaya-1 pipe in the Arkhangelsky region last Wednesday, three days beforethe Russian national soccer team's quarterfinal against Croatia. Alrosa CEOSergey Ivanov sa...Read More
South Africa's mines minister Gwede Mantashe said on Sunday he will extend by a month a period for public comment on a mining industry charter which lays out requirements for black ownership levels and other targets.Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.Mantashe said he will ex...Read More
The Renard diamond mine, in Quebec, has fully transitioned to underground mining, its new ore sorting plant is operational and the mine is now set for higher processing rates, grades and carat recoveries in the second half of the year.The transition from openpit operations and the completion of the ore sorting plant, which was installed to improve breakage issues, also mark the end of the principa...Read More
South Africa's mines minister Gwede Mantashe said on Sunday he will extend by a month a period for public comment on a mining industry charter which lays out requirements for black ownership levels and other targets.Uncertainty around the charter has deterred investment into a sector that accounts for 8 percent of gross domestic product in the world's top platinum producer.Mantashe said he will ex...Read More
For four nights straight, there have been riots between African migrants and the French police in the city of Nantes. The riots began after the police stopped and shot an alleged criminal, named Abubakar - initially claiming it was self-defense, then later admitting it was an accident.Read full newsRead More
It depends on how you measure it.Read full newsRead More
It depends on how you measure it.Read full newsRead More
Group gold production for the quarter to June dropped 36% to 133,778 ouncesRead full newsRead More
Perseus Mining Limited announced that in the period to June 30, 2018, the group has produced a record quantity of gold from its two West African mines and in the process has emphatically demonstrated the success of its plan to transform from a single mine producer into a successful multi-mine,Read full newsRead More
PO Box 7054 Cloisters Square, WA, 6850 Australia Ph6188 8181 Crater Gold Mining Limited ABN 75 067 519 779...Read full newsRead More
It depends on how you measure it.Read full newsRead More
It depends on how you measure it.Read full newsRead More
The Oyster Creek nuclear plant, located near the New Jersey shore, will be completely dismantled between 2075 and 2078.Even though the closure of the 50-year-old plant will take place by the end of 2018, officials with the US Nuclear Regulatory Commission announced this week that it will take much longer to completely shut it down.During a press briefing, the NRC said that the facility will stop p...Read More
Mr. Nav Dhaliwal of Bonterra reports BONTERRA SIGNS DEFINITIVE AGREEMENT WITH BEAUFIELD RESOURCES INC.Further to its news release of May 23, 2018, Bonterra Resources Inc. has now completed and entered into an option agreement with Beaufield Resources Inc., whereby Beaufield has granted the company an option to acquire a 70-per-cent interest in 81 strategic mineral claims totalling 3,590 hectares,...Read More
Base metals in recent weeks, notably copper, have been hit hard by growing alarm of a trade war emerging, which economists believe will hamper global economic growth. That caused copper to recently slide to a 12-month low, as investors head for the exits, fearful that a trade war will bring the base metals bull run to an abrupt end. While there are mixed signals relating to the outlook for commod...Read More
Gold has plunged sharply in recent weeks after peaking in mid-April at over US$1,345 per ounce. This decline can be attributed to the increasingly upbeat global economic outlook, which is fueling higher oil prices and driving the U.S. dollar higher.Nonetheless, regardless of the considerable degree of optimism now surrounding the economic health of the U.S. and many other economies globally, econo...Read More
Investors with a long-term bullish view on global growth should consider allocating part of their holdings to companies that are market leaders in key commodity sectors.Let's take a look at Nutrien Ltd. (TSX:NTR)(NYSE:NTR) and Cameco Corp. (TSX:CCO)(NYSE:CCJ) to see if one is an interesting pick right now.NutrienNutrien produces potash, nitrogen, and phosphate for the global wholesale fertilizer m...Read More