RAPAPORT... De Beers brought in $630 million at its latest sales cycle as the miner benefited from solid demand for its rough amid shortages of Russian goods.Proceeds from the July sight and auctions were 23% higher than for the equivalent period a year ago, the miner reported Monday. Sales were down 4% compared with the previous cycle in June, which grossed $657 million."Following a period o...Read More
RAPAPORT... Lucapa Diamond Company has recovered one of the largest pink diamonds in history: a 170-carat stone from the Lulo mine in Angola.The type IIa rough, named the Lulo Rose, is "believed to be the largest pink diamond recovered in the last 300 years," Lucapa said Wednesday. It is also the fifth-largest diamond from Lulo, and the deposit's 27th over 100 carats since commercial producti...Read More
(IDEX Online) - De Beers today said it sold $630m (provisional) of rough during Cycle 6, a year-on-year increase of almost 23 per cent as demand remained "robust".The figure is a light drop on Cycle 5's $657m (up a third year-on-year). Rough sales during Cycle 4 were $604m.Bruce Cleaver, CEO, De Beers Group, said: "Following a period of consistently robust demand in the first half, we continu...Read More
IDEX Online) - A huge pink diamond weighing 170 carats has been recovered at the Lulo mine, in Angola.Australia-based miner Lucapa describes it as "an historic recovery" and says it is believed to be the largest pink diamond found in the last 300 years.The stone, named The Lulo Rose, will be sold at international tender by Sodiam E.P, the Angolan state diamond marketing company.Tobias Kormind, man...Read More
OzAurum drilling for a golden futureSPONSOREDozaurum resourcesShallow, high-grade ounces continue for Alto at SandstoneSPONSOREDalto metalsStandout ESG credentials position Trigg to capture investor attentionSPONSOREDtrigg miningMining Journal and MiningNews.Net: Mongolia Country SupplementSPONSOREDBorn in 1958, he graduated from the New Mexico Institute of Mining and Technology in 1981, becoming...Read More
"Teck will have the mining sector talking tomorrow morning with a slew of press releases tonight," BMO Capital Markets analyst Jackie Przybylowski said.Read More
"While global inflationary pressures were present in the first quarter of this year, second quarter costs were further impacted by higher energy and commodity prices resulting from the conflict in Ukraine," First Quantum said in its Q2 results, which were released after market close on July 26."Costs for fuel, explosives, freight, mill balls, reagents and other consumables represent almost half of...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 32 points in pre-opening trade. Investors are waiting for an update on monetary policy by the Federal Reserve to be released at 2:00 PM EDT.Index futures were virtually unchanged following release of the June Durable Goods Orders report at 8:30 AM EDT. Consensus was a slip of 0.4% versus a gain of 0.8% in May. Actual w...Read More
Shares in Canada's uranium major, Cameco (TSX: CCO; NYSE: CCJ), gained nearly 10% on Wednesday after the company reported higher core profit than expected amid an uptick in uranium prices.The Saskatoon, Sask.-based company said headline profit per share more than doubled to 18 ?, compared with analyst forecasts calling for a loss of 1 ?.Revenue for the three months ended June increased 55% year-on...Read More
NorthWest Copper Corp. (TSXV: NWST; US-OTCQX: NWCCF) has released a new mineral resource estimate on the Lorraine project, about 40 km. from the company's Kwanika-Stardust project in Central B.C.The June 30 technical report draws on drilling completed between 1949 and 2009 and calculates an indicated resource of 12.9 million tonnes for 156,093 lb. of copper, grading at 0.55% copper and 0.66% coppe...Read More
Mining financier and entrepreneur Lukas H. Lundin has died in Geneva at the age of 64, following a two-year battle with brain cancer. The Swedish-Canadian Lundin, known for his shrewd business sense and willingness to take risks, was born in 1958 in Stockholm. Lundin learned the natural resource business from his father, the late Swedish resource magnate Adolf H. Lundin and founder of the Lundin...Read More
Teck Resources (TSX: TECK.A/TECK.B; NYSE: TECK), Canada's largest diversified miner, has announced its chief executive officer, Don Lindsay, will step down after 17 years in the role.Lindsay, who will leave by the end of September, will be replaced by two executives in what the company calls "the culmination of a multiyear succession process." Chief financial officer Jonathan Price will take over...Read More
Australia's Lucapa Diamond (ASX: LOM) has recovered a rare 170-carat pink diamond at its prolific Lulo mine, believed to be the largest of its kind found in Angola in the last 300 years.The massive pink stone named the "Lulo Rose" will be sold later this year through an international tender conducted by Angolan state-owned diamond trading firm Sodiam.Lucapa has a 40% stake in the Lulo mine, whic...Read More
Palisades Gold Radio, Released on 7/27/22Bob brought 321gold.com to the Internet almost 14 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 820 m...Read More
The LaRouche Organization, Released on 7/27/22Trapped by the failed axioms which are imposed by government officials and those who dictate their policies, the downward plunge of western economies continues. Join with the LaRouche movement to end the immoral stupidity which is driving this collapse.Harley Schlanger's work can be found at The LaRouche Organization and The Schiller Institute.Harley...Read More
X22 Report, Released on 7/27/22 (Recorded on 7/26/22)Bob begins the conversation talking about the farmers on how they are rising up around the world, and one thing you don't do is mess with farmers. The economy is in a recession and no matter what Biden and the puppet masters do to make it seem like we are not in a recession this has failed. The central bank agenda has failed, gold, bitcoin and e...Read More
George Gammon, Released on 7/27/22George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the a...Read More
The Organic Prepper (via Zero Hedge), Released on 7/27/22As Russia, China, and other nations hostile to the US boost their presence within South America, should it come as a surprise to find uranium being trafficked by South American drug runners?Continue... Why Do South American Drug Runners Keep Getting Caught With Uranium? added by Herman James on 07/28/2022View all posts by Herman James ?+'Read More
Of Two Minds, Released on 7/27/22Systemic corruption on this vast scale optimizes failure and collapse.Continue... Charles Hugh Smith: There Won't Be Any Winners Because The Status Quo Is Corrupt Everywhere added by Herman James on 07/28/2022View all posts by Herman James ?+'Read More
The Felder Report, Released on 7/27/22Today, the Fed is set to announce another rate hike of 75 basis points, taking the funds rate to 2.25-2.5%. Continue... Jesse Felder: Managing The Inflation Narrative Versus Actually Managing Inflation added by Herman James on 07/28/2022View all posts by Herman James ?+'Read More