RAPAPORT... De Beers has reduced its sightholder list in a revamp of its supply system, with more goods expected to go to pure-play manufacturers, especially those with Africa-based factories.The new list features fewer diamond dealers than before, as De Beers wants as many clients as possible to be adding value by processing goods into marketable polished rather than reselling the rough, ins...Read More
(IDEX Online) - Employers in the US fine jewelry industry rate themselves highly when it comes racial justice, but don't necessarily practice what they preach, says a major new survey.Seven out of 10 rated themselves as "very good" at racial justice and equity in a survey about diversity and inclusion conducted by trade association Jewelers of America and National Jeweler magazine.But only 41...Read More
(IDEX Online) - De Beers has reportedly ditched around 10 of its 80 Sight holders as it seeks to exert more control over diamond pricing.It has also introduced new contracts dividing buyers into three categories - dealers, manufacturers and integrated retailers - as it embarks on a huge and much-heralded shake-up of the way it sells rough.The UK-based miner aims to put its diamonds into the hands...Read More
(IDEX Online) - India's government must reduce import duties on precious metals and diamonds, or face a surge on smuggling and other criminal activity, an industry bodies has warned.The All India Gem and Jewellery Domestic Council (GJC) is seeking a reduction from 12.5 per cent to four per cent on gold, silver and platinum in next month's budget. "If the tax rate is kept at this lev...Read More
Maximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resources"Our general philosophy this year is that we are bullish on commodities, so we have programmed the best CEOs and look to stress test the investment thesis with experts that know a lot more than we do.Read More
Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe court upheld a complaint filed by the San Isidro de Quipisca Indigenous Agricultural Association against an environmental approval granted in November 2016 and ruled that a routine evaluation ofRead More
We've dug up the best and brightest gold companies for you to invest in, along with expert advice about putting your money into this field.Read full newsRead More
High gold prices are boosting Ethiopia's mining revenue and attracting more investor interest in a sector that is largely dominated by artisanal and smaller players. Coronavirus-linked border closures...Read full newsRead More
We've dug up the best and brightest gold companies for you to invest in, along with expert advice about putting your money into this field.Read full newsRead More
The market rally off the 2020 crash wiped out most of the good deals in the TSX Index, but investors can still find quality cheap stocks for their TFSA or RRSP portfolios.Should Barrick Gold stock be on your buy list?Barrick Gold (TSX:ABX)(NYSE:GOLD) struggled through several years of falling gold prices and high debt. At one point, it appeared the company would get crushed under its US$13 billion...Read More
Warren Buffett buys oversold stocks that offer significant long-term potential for capital gains. His company Berkshire Hathaway bought large positions in two Canadian stocks in 2020.Why Warren Buffett likes Suncor Energy stockBerkshire bought shares of Suncor (TSX:SU)(NYSE:SU) last year. Canada’s largest integrated energy company is best known for its oil sands production, but it also...Read More
Jan 18, 2021 Guest(s): Hong Fang CEO, OKCoin While Bitcoin continues to remain the "blue chip" of cryptocurrencies, 2020 has seen Ethereum trail in second place, as well as the rise in popularity of altcoins built on Ethereum, said Hong Fang, CEO of OKCoin."2020, in addition to Bitcoin which takes the dominance in the market, about 73% of the volume, Ethereum definitely comes next. Ethereum is b...Read More
The London Metal Exchange aluminium forward price was dented by almost 1% by a sizeable delivery of material to registered warehouses, while tin recorded the biggest increase at the 5pm close on Monday January 18. Tin's three-month price was up 0.6% on Monday at 5pm to $21,245 per tonne. The metal has rebounded from this year's low of $20,525 per tonne on January 11, and is edging closer to the Ja...Read More
Mining at Vedanta Zinc International's South African zinc mine in Gamsberg has resumed after a two-month shutdown following a landfall at the project in November. Mining activity was stopped at Gamsberg on November 17 following the incident, which left 10 workers trapped in the landfall and one miner still missing. Vedanta, which acquired the Gamsberg mine in 2011 from Anglo American and operates...Read More
Holman Head retired from his role as president and chief operating officer of O'Neal Industries (ONI) at the end of September. He recalls the substantial growth of the business during his 40-year career with the company and discusses likely future trends with Fastmarkets' Bette Kovach.In reflecting on his 40-year career with ONI of Birmingham, Alabama, Head thought about all the changes that metal...Read More
Jack ChanPosted Jan 18, 2021Gold sector as represented by $HUI is on a long-term BUY signal.Long-term signals can last for months and are more suitable for investors.Short-term is on BUY signal.Short-term signals can last for days and weeks and are more suitable for traders. COT data is not definitive at this point, as speculative long and short positions are too close to each other.Our ratio is n...Read More
Treatment charges for spot market zinc concentrates were flat from one assessment to the next at low levels in the first half of January, with smelters and traders weighing seemingly limited short-term availability against expectations of a mined abundance later this year.Vedanta restarts mining at Gamsberg after fatal collapseTrevali to bring back Caribou after high price hedgesMiners offering bi...Read More
Top metals consumer China's GDP expanded 6.5% in December, taking 2019's growth to 2.3% and above analysts' expectations, Marex Spectron's Anna Stablum said.She also pointed to global copper stocks across the three bourses falling to 244,448t last week, the lowest since October 2008, and cited news of impending wage talks at Antofagasta's biggest copper mine Los Pelambres in Chile.The copper price...Read More
Mining at Vedanta Zinc International's South African zinc mine in Gamsberg has resumed after a two-month shutdown following a landfall at the project in November. Mining activity was stopped at Gamsberg on November 17 following the incident, which left 10 workers trapped in the landfall and one miner still missing. Vedanta, which acquired the Gamsberg mine in 2011 from Anglo American and operates...Read More
The latest data for the global manganese ore market for the week ended January 18, 2021.Read More