JOHANNESBURG (miningweekly.com) – Diamond producer Lucara Diamonds has recovered a 327 ct, top white gem diamond from its 100%-owned Karowe diamond mine, in Botswana. Eight diamonds greater than 100 ct have now been recovered at Karowe since the beginning of the year, including a 472 ct diamond.AdvertisementLucara will hold an exceptional stone tender in June that will include for sale...Read More
LONDON (Reuters) - The Bank of England is studying how funds and insurers could cope with sudden demands for cash to back trades without resorting to a destabilizing fire sale of assets, a senior BoE official said on Thursday.Alex Brazier, the Bank’s executive director for financial stability strategy, said the simulation exercises will check how the investment sector could deal with a big i...Read More
The social media name reported encouraging profit and revenue in the first quarterThe U.S. stock market is on track for a positive open, with Facebook's (FB)first-quarter earnings beat boosting investor sentiment. Most recently, FB stock is up 7.5% in pre-market action, and futures on the Nasdaq-100 Index (NDX) and S&P 500 Index (SPX) are trading comfortably above fair value. Futures on the Dow Jo...Read More
SANTIAGO, April 26 (Reuters) - Chile's Escondida, the world's largest copper mine, said on Thursday that early contract talks with its workers' union ended without an agreement, setting the stage for legally scheduled negotiations to begin in June.The union representing workers at the mine, which is controlled by BHP told Reuters this week that it was "highly probable" that an agreement for a new...Read More
The price of steel billet imports into Egypt fell again this week while local rebar prices remained unchanged, sources told Metal Bulletin on Thursday April 26.The country's biggest producer, Ezz Steel, is still offering rebar at E ?12,528 ($706) per tonne ex-works, including 14% VAT, while Beshay Steel, also a...Read More
On April 24, ALROSA, the world leader in diamond mining, and Antwerp World Diamond Centre (AWDC) signed a new extended cooperation agreement in Moscow. The agreement continues positive cooperation experience between the parties and expands bilateral interaction in line with new challenges of the market.ALROSA CEO Sergey Ivanov and AWD?? CEO Ari Epstein signed the new agreement. The official ceremo...Read More
The TSX- and US-listed major produced 590,000 ounces of gold in the three months to March 31, a 9.9% drop on the same period last year and an 8.7% drop on the December quarter.Read More
(IDEX Online) - CIBJO, the World Jewellery Confederation, has paid tribute to the memory of a former president, Friedrich (Fritz) Schwarzer, who died recently in Austria, after decades of public service in the jewelry industry, both in his native country and internationally, and more than 60 years of experience in the trade. He headed the World Jewellery Confederation from 1993 through 1996. Born...Read More
SHANGHAI, Apr 26 (SMM) – Nonferrous metals continued their weak performance on Thursday April 26. SHFE zinc saw a wider decline of close to 3%. Copper, aluminium, lead and nickel dipped. Tin closed slightly higher.The ferrous complex fell across the board. Iron ore led with a loss of over 1%. Coke dropped 0.62%. Rebar, hot-rolled coil and coking coal edged down.Copper: The SHF...Read More
BENGALURU, April 26 (Reuters) - Gold prices on Thursday stayed close to five-week lows hit in the previous session, pressured by a stronger dollar, which hovered near more than three-month highs, and a rise in U.S. Treasury yields.FUNDAMENTALS* Spot gold XAU= was little changed at $1,323.34 per ounce at 0101 GMT. The yellow metal on Wednesday hit a low of $1,318.51 an ounce, its lowest since March...Read More
Are you ready for a potential economic reset?No matter what the news says, when this bubble pops, we're going to witness the worst market crash in history. But if you know this massive reset is coming, and prepare accordingly, it could be the greatest wealth opportunity of your life.You could have the once-in-a-lifetime opportunity to build wealth that lasts not just years... but generations!Once...Read More
VANCOUVER (miningweekly.com) – A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions, according to the Commission for Environmental Cooperation (CEC).Orla...Read More
Newmont Mining (NYSE:NEM) logged Thursday a higher-than-expected quarterly profit on the back of higher gold prices during the first three months of the year, as investors have returned to safe haven assets due to ongoing geopolitical risks.The US miner, the only gold company that forms part of the S&P500 index, earned a quarterly profit of $192 million, or 36 cents a diluted share, compared wit...Read More
Africa-focused Gem Diamonds' (LON:GEMD) revenue nearly tripled in the first quarter of the year thanks to strong demand for its high-quality white rough rocks and the sale of a 910-carat diamond, the fifth-largest in history.Delivering results for the quarter ended on March 31, the company said the $40 million fetched by the giant D-Colour Type IIa diamond found at its flagship Let??eng mine i...Read More
Steel billet prices in Turkey continued to fall over the past week because of poor demand and low scrap prices, sources said on Thursday April 26.Offers from the CIS region fell to $525-535 per tonne cfr, from last week's $530-540 per tonne, although customers in Turkey were bidding $520 per tonne cfr or...Read More
(IDEX Online) - Lucara Diamond Corp. has recovered a 327-carat, top white gem diamond from its 100% owned Karowe diamond mine in Botswana. Eight diamonds greater than 100 carats have now been recovered at Karowe since the beginning of the year, including a 472-carat diamond announced earlier this month. Lucara will hold an Exceptional Stone Tender in June that will include the 327 an...Read More
Dushnisky said Shandong Gold, which came into the Veladero project as a partner for US$960 million last year, had added to Barrick's expertise as well as its balance sheet.Read More
Moroccan King Mohammed VI will sign a series of investment agreements in a visit to Congo Republic this weekend, Environment & Tourism Minister Arlette Soudan-Nonault said.Mohammed will travel to the Central African nation for an April 28 summit of leaders to discuss the Congo Basin Blue Fund, Soudan-Nonault said by mobile-phone text message on Thursday from the capital, Brazzaville. The monarch w...Read More
RAPAPORT... Gem Diamonds' revenue nearly tripled in the first quarteramid strong demand for its rough and the sale of the fifth-largest diamond inhistory. Revenue surged 174% year on year to $106.2 million for thethree months ending March 31, the miner said Thursday. The company sold 32,412carats from its Let??eng mine inLesotho across two tenders during the period. In March, the company sold the...Read More