RAPAPORT... Gem Diamonds has recovered two large rough diamonds at itsLet??eng mine in Lesotho, it said Monday. The "high-quality," type-IIa stones weigh 117 (pictured) and 110carats, and both have D color, the company noted. The London-based miner'sshare price jumped about 6% in early trading following the announcement. "While we do not know the final value of the stones, it islikely that good-qu...Read More

(Kitco News) - Confusion and uncertainty reign in financial markets, helping gold prices rally in the face of higher bond yields, as traders continue to assess whether or not China will continue to buy U.S. Treasuries. Early Thursday, Chinese officials denied reports that the central bank is looking at slowing its U.S. bond purchases. According to reports, while the central bank is diversifyin...Read More

- Preliminary Economic Assessment (PEA) updated by Mine Development Associates- PEA indicates that Copper King could generate Net Cash Flow of $296.8 million- NPV increases to $178.5 million and IRR increases to 33.1%-PEA is based upon $1275/oz Au and $2.80/lb CuELKO, Nev., Jan. 11, 2018 /PRNewswire/ -- U.S. Gold Corp. (NASDAQ: USAU) today is pleased to announce that Mine Development Associates...Read More

In last year's roadmap, I forecast that 2017 would end with gold prices up and the dollar index down, both of which happened. I underestimated the number of Fed hikes by one hike, but globally, average short-term rates have remained around zero. That will be a core pattern throughout 2018.Central banks may tweak a few rates here and there, announce some tapering due to "economic growth", or def...Read More

A monumental policy shift announced by the U.S. federal government on pot last Thursday sent the pot markets into a frenzy.U.S. Attorney General Jeff Sessions' announcement that he will roll back the Obama-era "Cole memo" marijuana protections triggered a massive sell-off of pot stocks, especially in U.S.-based companies.Early morning Friday, it was anyone's guess how the U.S. pot market might be...Read More

The stock market dropped yesterday - finally.For the first time in 2018, the major averages dipped into the red to close out a quiet trading session.I know it sounds ridiculous, but some traders are annoyed that the market broke its streak and finished lower. While I don't think I need to write this, I will anyway: the stock market must go down sometimes. Some people are forgetting this inconvenie...Read More

You have to admire the de facto ruler of Saudi Arabia — the young Saudi Crown Prince Mohammed bin Salman.The man is taking a stand against the decades of corruption that has taken place at the top of Saudi society. The Crown Prince seeks the return of wealth that has been stolen from the Saudi people by a select few...Source: Middle East PressThe main targets of the Crown Prince’s hous...Read More

Published on: Jan 11, 2018 | by finfeedPure Minerals Limited (ASX:PM1) continues to deliver incremental progress at its 100%-owned Battery Hub manganese project in WA's Gascoyne region.In a market update today, the company announced initial drill results from its first phase of drilling. The key statistical highlights are summarised below:Source: Pure MineralsPM1 has strong intentions of defining...Read More

Operations at Glencore's Pasar copper smelter have been suspended since last week due to a leakage in the sulfuric acid plant, Metal Bulletin has learned.The smelter consumes 720,000 tonnes per year of copper concentrates. Part of the feed comes from Freeport's Grasberg copper mine in Indonesia. Glencore will continue to receive the feed, a well-informed source told Metal Bulletin. At least two sh...Read More

A chemical engineering student won the poster competition at the 2017 American Institute of Chemical Engineers annual student conference for work based on research she conducted with Colorado School of Mines faculty and graduate students.Rileigh Casebolt, a senior at Bucknell University, took part in the Research Experiences for Undergraduates program organized by the Renewable Energy Materials Re...Read More

Comex copper prices inched higher Thursday January 11 morning in the US due to a weaker dollar in an overall shallow market.Copper for March settlement on the Comex division of the New York Mercantile Exchange increased 0.55 cents or 0.2% to $3.2410 per lb. The dollar has softened gradually since mid-December and was recently trading at a one-week low of 91.94 on the...Read More

Angel Abbud-Madrid, director of the Center for Space Resources at Colorado School of Mines, was recently interviewed by National Geographic and Science about the discovery of ice cliffs on Mars. The eight cliffs expose what scientists believe is nearly pure water ice up to 100 meters thick, according to findings published this week in Science magazine.From the National Geographic article:"It's loo...Read More

Matt Morgan, deputy director and senior research geologist of the Colorado Geologic Survey, recently spoke to 9News meteorologist Cory Reppenhagen about the debris flows that can occur following wildfires. Mudslides claimed the lives of at least 17 people in Southern California earlier this week.Read More

An article in The Denver Post about a Boulder-based startup's new personal robot featured an interview with Tom Williams, assistant professor of computer science at Colorado School of Mines. Williams' research focuses on artificial intelligence for human-robot interaction.From the story:But the day when a Rosie is in every home is not close, said Tom Williams, an assistant professor of computer sc...Read More

The latest news and price moves to start the Asian day on Friday January 12.Base metals prices on the London Metal Exchange were mostly lower at the close on Thursday January 11, with nickel prices falling 2%. Read more in our live futures report.Here are how prices looked at the end of the day on Thursday.Metal Bulletin has learned that operations at Glencore's Pasar copper smelter in I...Read More

The new glass shop in the Hill Hall Foundry was recently featured by 9News Denver. In the segment, gaffer Jake Ivy, a PhD student in materials science, demonstrates glassblowing techniques and talks about the art and science of making the beautiful glass objects.Read More

Base metals prices on the London Metal Exchange were mostly lower at the close on Thursday January 11, with nickel prices falling 2%. The three-month nickel price hit a fresh two-and-a-half-year high at $13,200 per tonne yesterday above $13,000 per tonne, but could not sustain the rally for a second day. "A large overhead tail on yesterday's candlestick suggests the run higher in prices encountere...Read More

Annual refining charges (RCs) for imported blister copper, an intermediate product of refined copper production, have increased slightly this year while China's copper smelters are looking to import more material to fill the supply gap arising from the drastic cut in copper scrap import quotas.Expectations of rising supply have boosted RCs for imported blister copper, normally 97-99% copper conten...Read More

There were no queues at London Metal Exchange-approved warehouses in December for any metal, according to data released by the exchange this week. In November, just one queue remained at LME warehouses. ISTIM Metal LLC in New Orleans had an eight-day queue for copper, lead, aluminium and zinc. This follows the end of the infamous Access World Vlissingen queue in September 2017 after six years...Read More

The latest metal markets news and price moves to start the North American day on Thursday January 11.Base metals prices on the London Metal Exchange continued to strengthen during morning trading, with zinc prices leading the pack.The three-month zinc price hit a high of $3,375 per tonne and looks set to push toward the $3,400 per tonne resistance barrier. It is being supported by further cancelat...Read More