RAPAPORT... Alrosa plans to close its New York operations as tensions between the US and Russia escalate. Rebecca Foerster, president of Alrosa USA, has left the company, the miner said Monday.The developments follow White House sanctions on Alrosa and other Russian entities amid the country's continued war in Ukraine. The US has also banned the import of Russian diamonds, adding to the...Read More
RAPAPORT... Belgian diamond manufacturer HB Antwerp has appointed Valerie Geluykens as head of sustainability for Signum, its experiential luxury brand.Geluykens recently joined the company from Claes Retail Group, owner of Belgian fashion labels CKS, JBC and Mayerline, HB said last week. Signum is a technology-based brand that enables customers to buy diamonds in physical and digital forms,...Read More
The tech start-up using core enablers of automation to benefit every mineSPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining The Shakespeare Mine was previously in commercial production from 2...Read More
RAPAPORT... India's polished-diamond exports rose 14% year on year in February, while rough imports jumped 40%, according to data the Gem & Jewellery Export Promotion Council (GJEPC) released last week. An increase in the average price of outbound polished shipments outweighed a drop in volume.India Trade Data for February 2022 Read More
RAPAPORT... Swiss watch exports surged sharply in February as demand rose in nearly every market, generating the best performance for the month the sector has seen.Global shipments increased 24% year on year to CHF 1.99 billion ($2.14 billion) for the month, the Federation of the Swiss Watch industry reported last week. "Swiss watch imports grew very strongly in February," the federation...Read More
Eight Capital and RBC Capital Markets are acting on behalf of a syndicate of underwriters that have agreed to buy 18.6 million shares in Osisko at an offering price of $13.45 per share. On March 11, Osisko's share price closed at C$18.45 (US$14.64), which was the highest closing value since mid-2015. By March 20, it had fallen to C$16.54/share. Osisko had a market capitalisation of C$2.75 bil...Read More
(IDEX Online) - The world's most advanced diamond recovery vessel, the $420m Benguela Gem, is to set sail off the coast of Namibia next week.The 177-meter ship (pictured) will join Debmarine's existing five-strong fleet, which dredge thousands of tonnes of sediment fat 90 to 150 meters below the seabed, 12 miles off the south-western coast. It is expected to increase Debmarine'...Read More
(IDEX Online) - A thief working his first shift at a cutting and polishing unit in Surat walked off with rough diamonds, valued at $5,000.He'd responded to a job ad on social media and was given 550 packets of rough diamonds to work on, according to a report in The Times of India.He told three fellow workers he was going out for food during a night shift, at 2am on 2 March, but never returned...Read More
(IDEX Online) - Alrosa's rough shipments to India have reportedly resumed, with payments being made in euro via banks in Germany.Supplies were suspended following Russia's invasion of Ukraine last month and the subsequent removal of Russian banks from SWIFT, the mechanism that enables foreign currency transactions.Alrosa, a third-owned by the Russian government, has now started shipping...Read More
The tech start-up using core enablers of automation to benefit every mineSPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Less oil = more coal. It isn't quite as simple as that but a squeez...Read More
The tech start-up using core enablers of automation to benefit every mineSPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining The rabbit, or perhaps jerboa, this time is 52.9 billion-pound [of...Read More
Barrick's former joint venture partner Antofagasta Minerals decided not to participate in the reconstituted project as its growth strategy is focused on the production of copper and by-products in the Americas. Antofagasta acquired the project in February 2006 through the acquisition of Tethyan Copper for US$140 million and simultaneously entered into a 50:50 joint venture with Barrick Gold. Tethy...Read More
The tech start-up using core enablers of automation to benefit every mineSPONSOREDWorld Copper has economics to back Escalones resource in ChileSPONSOREDworld copper ltd.Marvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining TMC said it expected "production readiness" in the fourth quarter o...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 5 points in pre-opening trade. Crude oil gained $4.37 to $109.07 per barrel in overnight trade.Boeing dropped $11.93 to $180.90 after a Boeing 737 aircraft crashed in China.Intuit slipped $0.88 to $478.99 after Stifel Nicolaus lowered its target price from $600 to $580.Berkshire Hathaway slipped $2.67 to $342.41 after...Read More
Los Andes Copper (TSXV: LA; US-OTC: LSANF) has stopped drilling at its Minera Vizcachitas project in central Chile after an environment court asked it to suspend its project operations in an order that deals with the protection of the Andean cat, a threatened species. The court order relates to the impact on the the habitat of the vizcachas, a small rabbit that is part of the food chain for the A...Read More
The shutdown of the Canadian Pacific Railway's (TSX: CP; NYSE: CP) operations due to a wage and pension-related dispute with its union will negatively impact the country's mining industry, one of the largest railway customers, miners and analysts say.The Mining Association of Canada (MAC), which includes about 50 of the nation's leading mining companies has expressed "serious concern regarding the...Read More
Barrick Gold (TSX: ABX; NYSE: Gold) has reached an agreement with the Pakistan government to restart Balochistan's Reko Diq project, which hosts one of the world's largest undeveloped open pit copper-gold porphyry deposits. According to Barrick CEO Mark Bristow, the project, which was suspended in 2011 due to a dispute over the legality of its licencing process, could be in production in five t...Read More
Osisko Metals (TSXV: OM; OTC: OMZNF) has provided further results from definition drilling at its Pine Point base metals project in the Northwest Territories. The program required to upgrade deposits currently classified as the inferred mineral resource category to the indicated category, so that they can be included in an upcoming feasibility study.The latest results are based on drilling in late...Read More
Wolfden Resources (TSXV: WLF) has received results from last year's drilling at the Big Silver project in Maine, where the company holds the mineral rights to a land package of over 800 acres in Washington County, close to the New Brunswick border.The fall/winter program included a total of eight holes in some 1,750 metres across several different target types. Part of the objective was to determi...Read More
A group of chemists at Tsinghua University have developed a nano-scale structure that combines copper, gold and silver to work as a superior catalyst in a reaction whose performance will be essential if carbon capture efforts are to succeed in helping to mitigate global warming.In a study published in the journal Nano Research, the team behind the development explains that they focused on a chemi...Read More