(IDEX Online) - Mountain Province Diamonds Inc. said that approximately 1,641,000 carats were recovered in the first quarter ended March 31 on a 100% basis from the Gahcho Ku?(C) diamond mine for an average grade of approximately 2.09 carats per tonne. This was 89% and 18% higher, respectively than what was achieved during the same period last year. Said David Whittle, the company's Interim Presi...Read More
RAPAPORT... Kering reported buoyant jewelry-and-watch sales in the first quarter, driven by newcollections and extensions of certain product lines. "Watches and jewelryperformed very well this quarter," the company said Wednesday. "Thestrengthened positioning of [jewelry brands] Boucheron, Pomellato and Qeelin are paying off,thanks to new collections, extended iconic lines, and investments incommu...Read More
HARARE – After two days of demonstrations – which at one stage turned violent – disgruntled villagers from Zimbabwe’s diamond-rich area of Marange on Tuesday began dispersing after a day of running battles with the police.There were no major injuries reported. Police fired tear gas and threatening to unleash vicious dogs on the protesters. However, the only concern has...Read More
Total production for the quarter dropped 7% on the year to 9,188 ounces, generated from the processing of 43,145 tonnes of ore, up 3%, at an overall average grade of 7.04g/t, down from 7.62g/t in the same period a year ago.Read More
Andrew Benitz of Jersey Oil & Gas PLC (LON:JOG) says pre-funding the seismic being shot over the Verbier acreage in North Sea allows the data to be optimised and is cheaper.Capex for the appraisal programme will be at the upper end of ?9-11mln including seismic.Drilling at Verbier will see an appraisal well in the summer to firm up the recoverable oil at the discovery.''All in all, the North...Read More
- Emergency cash offered by Ulster Bank as cash vanishes from accounts- Bank makes EUR500 available to customers whose deposits vanish- Bank investigates after hundreds of complaints on social media- "My salary has disappeared from my account today and my wife had her card declined when trying to pay for a GP visit and medication"- Cyber attacks and Brexit are biggest threats to the securities...Read More
SHANGHAI, Apr 25 (SMM) – Nonferrous metals fell across the board on Wednesday April 25 except for SHFE copper. SHFE zinc dropped over 1%, lead lost 0.76%, tin and aluminum edged down and nickel dipped.The ferrous complex also fell, except for rebar. Iron ore dropped 1.58%, coking coal slid 1.44% and hot-rolled coil and coke dipped.Copper: As the US dollar gained, the SHFE 1806 contract hover...Read More
Taking a closer look at how individual stocks have performed relative to the SPX Market breadth hasn't been on my radar lately, but my colleague, Schaeffer's Quantitative Analyst Chris Prybal, sent me a chart recently that piqued my interest. Analyzing market breadth gives you an idea about the number of individual stocks that are doing well or not so well. Investors often look at market breadth a...Read More
(IDEX Online) - Petra Diamonds Limited reported that Q3 revenue jumped 44% to $172.0 million from 1,373,771 carats sold (Q3 FY 2017: $119.1 million from 1,069,886 carats sold). Revenue for nine months to 31 March 2018 was 14% to $397.3 million from 3,184,924 carats sold, (Q3 FY 2017: $347.6 million from 2,979,999 carats sold). Revenue for FY 2018, however, continues to be impacted by the inabili...Read More
WINDHOEK – Diamond and uranium producer Namibia may scrap requirements for black ownership in the mining sector as it seeks to woo investors to an industry that is rebounding with the commodities cycle, its new mines minister said on Tuesday.Regional peers such as Angola and Zimbabwe are also trying to kickstart their mining sectors by easing investment rules at a time when other African cou...Read More
Thor Exploration LTD (TSXV:THX} CEO Segun Lawson is delighted by the initial drill results from the Segilola project in Nigeria.Lawson, who founded the Vancouver company, says the positive results further proves they are on the right track to making Segilola, the first large scale commercial gold mine in Nigeria.Lawson further adds they are expecting more drill results in May. Meet Peninsula...Read More
SHANGHAI, Apr 25 (SMM) – Jiangsu province will undertake a month-long, joint environmental inspection across eight cities along the Yangtze River from Tuesday April 24, the Jiangsu Provincial Environmental Protection Office said on Monday April 23.To protect and preserve the ecology along the river, inspections will be conducted in Nanjin, Wuxi, Changzhou, Suzhou, Nantong, Yangzhou...Read More
Power Americas Minerals Corp. (TSXV:PAM) has 3,300 hectares under its control in Ontario's Cobalt Camp and is looking to acquire morePeter Kennedy | April 25, 2018 | SmallCapPower: One of Canada's oldest mining camps is witnessing a rebirth as mining companies jockey for position near the town of Cobalt, Ontario.While the exploration rush is still in its early phases, one of the companies that hop...Read More
Any hope for potential support and subsequent reversal in gold was short-lived as a strengthening U.S. dollar and a predominantly bearish sentiment took prices lower today. Gold futures are currently trading off by nine dollars to be fixed at $1,324 per ounce, a net decline of -0.67%. Except for palladium, precious metals are trading lower today across the board. Physical palladium is trading unch...Read More
RAPAPORT... Robust demand for steel watches drove Swiss timepiece exportsupward in March, closing off the industry's strongest quarter of growth in sixyears. Worldwide shipments of Swiss timepieces climbed 5% year onyear to $1.73 billion (CHF 1.7 billion) last month, the Federation of the SwissWatch Industry reported Tuesday. Exports to Hong Kong jumped 10% to $234.5million (CHF 230.3 million), wh...Read More
(IDEX Online) - De Beers reported rough diamond production for Q1 2018 increased 15% to 8.5 million carats, reflecting the ramp-up of production from Gahcho Ku?(C) in Canada, and also to increased production from Orapa in Botswana in response to sustained healthy trading conditions. Total rough diamond sales volumes in Q1 2018 were 8.8 million carats (8.4 million carats on a consolidated basis) fr...Read More
Despite its potential impact on nickel ore supply, the latest development in the Philippine mining industry is having lesser impact on Shanghai Futures Exchange nickel prices while market participants focus on demand-side issues. SHFE nickel prices have trended down since the most-traded SHFE July nickel contract hit a high of 109,790 yuan ($17,396) per tonne on April 18, the highest since May 201...Read More
Silver output for the three-month period was 15.4 million ounces, up 14% on the year due to the contribution from San Julián, which has completed its ramp up to full capacity.Read More
Diamond group De Beers reported on Tuesday that its total production had increased by 15% to 8.5-million carats during the first quarter of this year (1Q18). This rise in output was largely credited by the Group to the ramp-up in production at the Gahcho Kué project in Canada and greater production at the Orapa operation in Botswana.In Canada, Gahcho Kué, which had achieved its namep...Read More