Cracks AppearingFirst DominoConstrained HiringTariff TroubleA Virtual Pass to the SICRIP, Andrew Marshall, The Last WarriorCleveland, Chicago, Dallas, Austin, Dallas, and Back Home to Puerto RicoThis month, the Federal Reserve joined its global peers by turning decisively dovish. Jerome Powell and friends haven't just stopped tightening. Soon they will begin actively easing by reinvesting the Fe...Read More
Here are five Fastmarkets MB stories you might have missed on Friday March 29 that are worth another look.A cargo of 30,000 tonnes of Chinese-origin alumina has been sold at 2,810 yuan ($417.10) per tonne fob Yantai port to Glencore in recent days, a source familiar with the matter told Fastmarkets on Friday March 29. The cargo has been loaded and was approaching Yantai port in northeast of China...Read More
Polish miner KGHM and a union representing workers at its Sierra Gorda copper mine in Chile have come to an agreement over contract talks, the head of the union told Reuters, heading off the threat of a strike.Maykel Ocayo, president of Sierra Gorda's 520-member Union 1, told Reuters in a message that workers had voted on Saturday in favour of accepting an offer from the company with a roughly two...Read More
Non-profit organization Geoscience BC is planning a new airborne survey to help identify mineral potential on northern Vancouver Island, in the western Canadian province of British Columbia.According to the NGO, every time its team runs projects like this one, new investment comes into the region at hand as the data is used to inform mineral exploration and development decisions by the mining sect...Read More
Here are five Fastmarkets MB stories you might have missed on Friday March 29 that are worth another look.A cargo of 30,000 tonnes of Chinese-origin alumina has been sold at 2,810 yuan ($417.10) per tonne fob Yantai port to Glencore in recent days, a source familiar with the matter told Fastmarkets on Friday March 29. The cargo has been loaded and was approaching Yantai port in northeast of China...Read More
RAPAPORT... Forevermark is debuting a new campaign for the bridalmarket, De Beers' first in this category in almost 20 years. The new initiative will address consumers' changingattitudes toward love, marriage and engagement, Forevermark US presidentCharles Stanley said Friday. The campaign will launch together with thecompany's new bridal line, the Forevermark Engagement and Commitment Collec...Read More
RAPAPORT... Stornoway Diamond Corporation increased its net loss in2018 amid delays in the transition of its Renard mine in Canada and therecovery of lower-than-expected grades. The deficit widened to CAD 329.4 million ($246.8 million),compared with a loss of CAD 114.2 million ($85.6 million) the previous year,the miner said last week. The delays held back operations as Stornoway moved from o...Read More
RAPAPORT... Petra Diamonds has unearthed a 425.10-carat white diamond atits Cullinan mine in South Africa, it said Friday. The D-color, type II, gem-quality stone comes from the samemine that produced the 3,106-carat Cullinan diamond in 1905, the largest gem-qualitydiamond ever recovered. The stone won't be sold until the fourth fiscal quarter ending June 30. However, analysts have already is...Read More
RAPAPORT... The Gemological Institute of America (GIA) has updated thelanguage in its lab-grown-diamond certificates to align them withrecent Federal Trade Commission (FTC) guidelines. The grading lab will no longer use the term synthetic whenreferring to diamonds created in a lab, either inside its reports, or in the title, it said Friday. The new reports willalso feature the same 4Cs...Read More
Feriel Zerouki, Senior Vice President of International Relations and Ethical Initiatives, De Beers Groupis the recipient of the 2019 Initiatives in Art and Culture Award for Leadership in Responsible Practice in Jewelry, Initiatives in Art and Culture (IAC) announced. With the award, Zerouki is recognized "for elevating the conversation internationally on sustainability through the De Beers...Read More
Angola plans to stop using its oil production to obtain loans or credit from other countries, such as China, Brazil and Israel. Speaking to the TASS news agency, the Angolan president, Joao Lourenco, said that this also concerned China, from which Angola had received many billions of dollars in loans for the reconstruction of the country, after the end of the civil war."The amount of oil we export...Read More
RAPAPORT... Firestone Diamonds decreased its net loss in the first fiscalhalf, as sales grew despite weak prices,the miner said Thursday. The company reported a loss of $6.6 million fromits Liqhobong mine in Lesotho for the six months ending December 31, comparedwith a loss of $7.8 million the previous year. "The second half of 2018 saw a global price slump in thesmaller, lower-value goods, w...Read More
Stornoway reported a net loss of C$329.4 million for 2018 compared to Net loss of C$114.2 million in 2017. In 2018, Stornoway sold 1,038,967 run-of-mine carats for gross proceeds of C$141 million at an average price of US$105 per carat. The company sold an additional 164,322 carats of supplemental diamonds for gross proceeds of C$3.5 million at an average price of US$16 per carat. Patrick Godin,...Read More
Petra, one of the junior diamond miners that is suffering from stock value undervaluation, pulled a 425.10-carat Type II white rough diamond from its famous Cullinan diamond mine Petra Diamonds announced that it has recovered a 425.10 carat D colour Type II gem quality diamond earlier on March 29 from its famous Cullinan Diamond Mine. In its announcement, Petra said that "this recovery further de...Read More
In the following interview excerpt, iron ore expert Matt Simpson, co-founder and CEO of junior Black Iron (TSX: BKI; US-OTC: BKIRF), explains the new landscape for iron ore markets worldwide in the wake of Vale's horrific tailings-dam disaster near Brumadinho in Brazil, which has resulted in 10% of the world's iron ore pellet production being removed from the market.Matt SimpsonBefore heading up B...Read More
A plant explosion in China's Jiangsu province has killed seven people, authorities said on Sunday, the second deadly blast in the province this month as Beijing begins a nationwide industrial safety inspection campaign.Sunday's blast involved a container of scrap metal that exploded in the outdoor yard of a metal-molding plant in a bonded area in the city of Kunshan, causing the plant to catch fir...Read More
AngloGold Ashanti Ltd. is complying with an order from South Africa's Department of Mineral Resources to amend its mining rights to reflect black economic empowerment, the company's spokesman Chris Nthite said.The world's No. 3. gold producer may have contravened black economic empowerment rules tied to its mining rights when it awarded a 4.5 percent stake to employees instead of 6 percent, City P...Read More
Reed Gold Mine is celebrating another North Carolina treasure with its inaugural Barbecue Festival Saturday, April 13, 10 a.m. to 4 p.m.Read full newsRead More
Bond yields are crashing in major markets all around the world as there are fears of a global economic slowdown. Read for details.Read full newsRead More
Federal mine safety officials have cited an Idaho-based company for inadequate safety controls at a gold mine it operates in northeast Nevada where a worker was killed in an underground collapse in October.Read full newsRead More