(IDEX Online) - De Beers posted a $102m loss for 2020 as the pandemic took its toll, compared with a $45m profit the previous year.It's the first time it's dipped into the red since 2008, when parent company Anglo American provided an $800m rescue package of interest-free loans. Underlying EBITDA (earnings before interest, taxes, depreciation, and amortization) for last year fell to...Read More

(IDEX Online) - Alrosa is to sell one of the largest diamonds it has recovered since 2000.It says the 242.31-carat gem-quality stone could fetch well over $2m.The rough stone will be offered for sale at the Russian state-owned miner's 100th auction of large diamonds, which will take place in Dubai on 22 March. Viewings are from 14 to 21 March.Two other notable diamonds- weighing 190.74-carats...Read More

(IDEX Online) - Fugitive diamond billionaire Nirav Modi should be extradited to India, a UK judge ruled, overruling arguments that his mental health would suffer and prison conditions were poor.He is accused of fraudulently using letters of undertaking offered by the Punjab National Bank (PNB) in an alleged $1.85bn fraud.He is accused of persuading corrupt bank workers to approve low-rate loans fo...Read More

RAPAPORT... US retail sales will grow 6.5% to 8.2% this year, as more consumers are vaccinated and the economy reopens, according to the National Retail Federation (NRF)."We are very optimistic that healthy consumer fundamentals, pent-up demand and widespread distribution of the vaccine will generate increased economic growth, retail sales and consumer spending," NRF CEO Matthew Shay said last wee...Read More

Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Rising stocks of concentrate, high treatment charges and difficulties in selling less desirable qualities of concentrate was expected to result in mine production losses over the next few years. But coronavirus has changed this dynami...Read More

RAPAPORT... The World Diamond Council (WDC) and the Antwerp World Diamond Centre (AWDC) have called on the trade to show extra care when handling rough that may have originated in the Central African Republic (CAR).The caution follows recent reports of attacks by rebel fighters on the capital, Bangui, and other major cities, the organizations said in a statement Thursday. Diamond buyers should pur...Read More

BANGKOK: As American electric vehicle maker Tesla eyes up a hefty investment in Indonesia, concerns are growing over the potential environmental ...Read full newsRead More

African Gold Acquisition Corp., a special purpose acquisition company targeting gold assets on the continent, raised a more-than-expected $360 million ahead of a listing in New York on Friday.Read full newsRead More

The best investments are when you can find high-quality stocks trading at a significant discount. A lot of the stocks that trade undervalue do so for a reason. It’s a lot rarer to find high-quality Canadian stocks that are trading below their fair value.Over the last year, there were several of these opportunities. However, once the majority of the market had recovered from the pandemic, onl...Read More

Warren Buffett is one of the greatest investors of all time. Accordingly, many investors (me included) follow how the Oracle of Omaha manages his portfolio.Buffett has stayed away from most commodities over the years. However, Buffet has made numerous investments in the energy sector and a number of other niche investments as well over the years.Here’s why I think Nutrien (TSX:NTR)(NYSE...Read More

Mar 01, 2021 Guest(s): Greg King Founder, CEO, Osprey Funds Bitcoin is still in a rapid adoption phase, with the peak of the current cycle at $200,000, said Greg King, founder and CEO of Osprey Funds. "I think we're in a natural consolidation phase. Our view is that Bitcoin is in a bull run. It's sort of in its fourth of fifth big bull leg of Bitcoin. If you look at it historically, as it's gone...Read More

I’ve been bullish on Barrick Gold (TSX:ABX)(NYSE:GOLD) for years. However, I’m not the only one who’s had his eyes on this top TSX gold miner.It turns out Warren Buffett is bullish on the long-term prospects of Barrick Gold. So much so that the Oracle of Omaha took a position in Barrick in the third quarter of last year. He’s since eliminated his position. Ho...Read More

Here are five Fastmarkets stories you might have might have missed on Monday March 1 that are worth another look.Brazilian iron ore exports increased by 10.9% in February versus the corresponding month in 2020, with a significantly higher average price, according to data released by the country's economy ministry...Read More

The price of tin fell throughout the day on Monday March 1 to its lowest in two weeks at the close of trading on the London Metal Exchange, while the fortunes of the rest of the base-metals complex was mixed following strong losses on the previous Friday.Tin's three-month price was down to $23,460 per tonne on March 1, its lowest 5pm closing price since February 12.The metal was rallying until Fri...Read More

Bob Moriarty ArchivesMar 1, 2021It’s been right at a year now since the Wuhan/Covid Bio-terror program began. At first the world was forced by a lack of information to believe everything the “Experts” said and the media pounded home. Today we know better, after all, we have a year’s real data to justify or to disprove what we were told. We know the “Experts” ove...Read More

Fastmarkets plans to launch two new prices on a CIF China, Japan and Korea basis - nickel sulfate, cif China, Japan and Korea, $ per tonne, and nickel sulfate premium, cif China, Japan and Korea, $ per tonne.Fastmarkets Research estimates that the current demand for class 1 nickel units for use in electric vehicle (EV) batteries accounts for a minimal 3-4% market share, but this is forecast to inc...Read More

Jack ChanPosted Mar 1, 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 SELL signal.Short-term signals can last for days and weeks and are more suitable for traders. Speculation is now at levels of previous bottoms.Data is supportive for overall higher silver prices.Our ratio is on SELL si...Read More

The latest data for the global manganese ore market for the week ended March 1, 2021.Read More

Wall Street was buoyant, with the S&P 500 making its strongest one-day gain since June, Reuters reported, as another COVID-19 vaccine received US approval and president Joe Biden's US$1.9 trillion relief package was passed by the house of representatives before heading to the senate.The S&P 500 closed up 2.38% to 3,901.82.Futures were up around the globe.Gold has slumped to $1,723 an ounce...Read More

Of the boxes ticked over the past few months the lift in prices for titanium minerals, which will be the primary product from Barrytown, appears to be the most important, but is matched by theRead More