Recent News

Brutal truths for China at Las Bambas

June 14, 2022 / www.mining-journal.com

CONEXPO-CON/AGG, Taking Construction to the Next LevelSPONSOREDconexpo-con/agg 2023Advancing Copper and Gold Projects in an Under-Explored Porphyry DistrictSPONSOREDresilience miningServicing China's Steel SectorSPONSOREDaspire miningChinese Strategic AllianceSPONSOREDxanadu minesBeijing-based MMG suspended operations in April after huge protests by indigenous communities with some activists i...Read More

103-ct Light of Africa Sells for over $20m

June 14, 2022 / www.idexonline.com

(IDEX Online) - A flawless 103.49-ct diamond sold for over $20m at Christie's New York, beating its high estimate of $18m.The Light of Africa Diamond (pictured) is a D-color, Type IIa emerald-cut stone, from the iconic Cullinan mine, in South Africa.It was cut and polished in South Africa from a 299.3 carat rough stone, which was sold to Stargems DMCC, Dubai-based arm of the Antwerp diamond s...Read More

Dubai Billionaire Buys Troubled Swiss Jeweler De Grisogono

June 14, 2022 / www.idexonline.com

(IDEX Online) - Celebrity jeweler De Grisogono, which filed for bankruptcy in 2020, has been bought for an undisclosed sum by the Dubai-based Damac Group.De Grisogono was known for its close links with Hollywood actress Natalie Portman and supermodel Naomi Campbell, as well as its Creation I necklace, featuring the the largest D/IF diamond in the world (pictured), which sold for $33.7m at Christie...Read More

Dubai "to become World's Largest Hub for Rough and Polished"

June 14, 2022 / www.idexonline.com

(IDEX Online) - The Dubai Diamond Exchange (DDE) says it is poised to become the world's largest hub for both rough and polished gems, as it reported over $11bn of trade in the first quarter of 2022.In February it announced it had overtaken Antwerp as the top trading hub globally for rough diamonds - over $22.8bn in 2021.And with over $4bn of polished trade in Q1 2022 - a year-on-year rise of...Read More

Tech Talk for Tuesday June 14th 2022

June 14, 2022 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures advanced 20 points in pre-opening trade. Index futures moved slightly higher following release of the May Producer Price Index at 8:30 AM EDT. PPI was expected to increase 0.8% versus a gain of 0.5% in April. Actual was an increase of 0.8%. On a year-over-year basis, May Producer Price Index was expected to increase 10.9% vers...Read More

Geoscience BC deploys a brewery gas sensor to look for metals

June 14, 2022 / www.northernminer.com

Geoscience BC has successfully demonstrated how an ordinary brewery and greenhouse gas meter can aid in finding new mineralized deposits.The organization said on June 14, the made-in-British-Columbia device was tested at the Mount Milligan copper-gold mine located between Fort St. James and Mackenzie.The device measures oxygen and carbon dioxide concentrations in soil (soil-gas) in real-time, indi...Read More

PDAC 2022: Gold miners need to partner up to avoid being left behind in future, says Newmont CEO

June 14, 2022 / www.northernminer.com

If gold companies want to survive the future of mining, which will entail low-grade ores and the required responses to climate change, they will need to consolidate, said Newmont (NYSE: NEM, TSX: NGT) CEO Tom Palmer, during his keynote speech on the second day of PDAC 2022 in Toronto. According to Palmer, miners are identifying fewer "large scale and transformative" gold deposits that are harder...Read More

PDAC 2022: Colombia pushes diversification of mining sector as presidential vote looms - interview

June 14, 2022 / www.northernminer.com

Just ahead of a runoff presidential election in Colombia that will determine current president Iv??n Duque's successor, The Northern Miner caught up with the country's Minister of Mines and Energy, Diego Mesa Puyo at the Prospectors and Developers Association of Canada (PDAC) convention on June 13 in Toronto. Colombia has been trying to diversify its mining sector away from thermal coal, and Mesa...Read More

The Northern Miner Podcast - episode 295: 'There's going to be a war for talent', ft former Ontario Securities Commission CEO Maureen Jensen

June 14, 2022 / www.northernminer.com

This week's episode features former Ontario Securities Commission chair and CEO Maureen Jensen in conversation with Northern Miner senior reporter Henry Lazenby at the Global Mining Symposium. Maureen discusses the shortage of millennial talent in the mining industry, the challenge of reaching net-zero by 2030, prospects for war and instability, and the importance of avoiding politics in the board...Read More

Salazar, Adventus earmark $270m for Ecuador copper-gold project

June 14, 2022 / www.northernminer.com

Canada's Adventus Mining (TSX-V: ADZN) and Salazar Resources (TSX-V: SRL) have reached a preliminary investment protection agreement (IPA) with Ecuador's government for their Curipamba-El Domo copper and gold project.As part of the deal, the partners have committed to investing US$270 million over the next 12 years in the project. The figure doesn't include the US$50 million both miners have inv...Read More

Orla Mining expands into Nevada with Gold Standard Ventures acquisition

June 14, 2022 / www.northernminer.com

Mexico-focused precious metals miner Orla Mining (TSX: OLA; NYSE: ORLA) is expanding its footprint into the U.S. with the acquisition of Gold Standard Ventures (TSX: GSV; NYSE: GSV), whose main asset is the South Railroad open-pit project located on the Carlin trend in Nevada.Earlier this year, Gold Standard completed a robust feasibility study for the South Railroad gold project, outlining a mill...Read More

Wandering in the wilderness with gold and silver

June 14, 2022 / www.northernminer.com

These are bewildering times. The state of the economy seems more up in the air than usual. Some say a recession is already upon us. Others that one will come yet this year, or in 2023. Others, including CPM Group, state that a recession is inevitable and imminent, but it might be 2024, 2025, or even 2026 before it arrives. The reality is that there still is a lot of slack in major parts of the Nor...Read More

How To Survive 40-Year High Inflation | Andy Schectman

June 14, 2022 / marketsanity.com

Liberty and Finance, Released on 6/14/22Inflation is at a 40-year high, but the stock market has entered bear market territory. Wealth preservation is more important than ever. "There are no affordable alternatives that will protect you in this event," says Miles Franklin's CEO & president Andy Schectman, "look to silver, look to gold, look to platinum." 0:00 Intro1:16 Inflation high8:30 Precious...Read More

Martenson: This Drought is Worse Than You Think

June 14, 2022 / marketsanity.com

Peak Prosperity, Released on 6/14/22To see Part 2, head to Peak Prosperity using the following link: https://peakprosperity.com/membership...Christopher Martenson is a former American biochemical scientist. Currently he is a writer and trend forecaster interested in macro trends regarding the economy, energy composition and environment. He is the founder of PeakProsperity.com. As one of the early...Read More

Red Flagged Nation: Gun Confiscation Laws Put a Target on the Back of Every American

June 14, 2022 / marketsanity.com

The Rutherford Institute, Released on 6/14/22No matter how well-intentioned, red flag gun laws will put a target on the back of every American whether or not they own a weapon.Continue... Red Flagged Nation: Gun Confiscation Laws Put a Target on the Back of Every American added by Herman James on 06/15/2022View all posts by Herman James ?+'Read More

China uses its vast COVID surveillance infrastructure to stifle protests by turning people's health QR codes red

June 14, 2022 / marketsanity.com

Reuters (via MSN), Released on 6/14/22As predicted by many "conspiracy theorists" online, protests in China are now being thwarted because the authorities have turned their health code apps red, several depositors told Reuters.Continue... China uses its vast COVID surveillance infrastructure to stifle protests by turning people's health QR codes red added by Herman James on 06/15/2022View all post...Read More

Leon Cooperman: Wall Street unlikely to go back into a bull market anytime soon

June 14, 2022 / marketsanity.com

CNBC, Released on 6/14/22Leon Cooperman, CEO and chairman of Omega Family Office, joins CNBC's 'Squawk Box' to break down his outlook for markets, the risk of a recession and more.Leon Cooperman is an American billionaire investor and hedge fund manager. He is the chairman and CEO of Omega Family Office. leon cooperman, recession, stocksLeon Cooperman: Wall Street unlikely to go back into a bul...Read More

75 basis points in fed funds rate does not solve this...

June 14, 2022 / marketsanity.com

TF Metals Report - Twitter, Released on 6/14/2275 basis points in fed funds does not solve this... pic.twitter.com/w7WZ590FAZ- TF Metals Report (@TFMetals) June 14, 2022 75 basis points in fed funds rate does not solve this... added by Herman James on 06/15/2022View all posts by Herman James ?+'Read More

The guy that said subprime was contained is now telling us the inflation problem is contained

June 14, 2022 / marketsanity.com

Jim Bianco - Twitter, Released on 6/14/22Just to remind everyone ...The guy that said the subprime problem was contained is now telling us the inflation problem is contained.- Jim Bianco biancoresearch.eth (@biancoresearch) June 14, 2022 Jim Bianco is President and Macro Strategist at Bianco Research, L.L.C. Since 1990 Jim's commentaries have offered a unique perspective on the global economy and...Read More

Civil Society Calls to Suspend Russia from Kimberley Process

June 14, 2022 / www.diamonds.net

RAPAPORT... The Civil Society Coalition is urging the Kimberley Process (KP) to take a stand against Russian diamonds and own up to the fact that its current definition of conflict diamonds is not broad enough."The KP being unable to even discuss whether it should continue certifying Russian diamonds as conflict free proves what the KP Civil Society Coalition has been denouncing for years, namely...Read More

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