RAPAPORT PRESS RELEASE, September 6, 2022, Las Vegas... Diamond prices declined in August, reflecting caution in the trading centers and weakness in China. The US is supporting the market with solid demand from retail programs and steady memo calls from independent jewelers. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds fell 3.6% in August. It was up 0.8% from the beginning of the year...Read More
RAPAPORT... De Beers has temporarily stopped work at the Gahcho Ku?(C) mine in Canada following the death of an employee at the site."We are deeply saddened to confirm that an employee...succumbed to injuries sustained in an incident at Gahcho Ku?(C)," the miner said last week. "The circumstances around what happened are under investigation by the appropriate authorities. All nonessential work at...Read More
(IDEX Online) - Kyrgyzstan, the former Soviet republic, and one of the world's poorest countries, says it has diamond deposits.The central Asian nation has never before reported diamond deposits. In 2020 it imported a negligible $61,000 of diamonds, primarily from UAE.Kanatbek Madumarov, the Kyrgz Director of Precious Metals Department, said the geological explorations were ongoing, but noted...Read More
North Gilbey's a Gascoyne game-changerSPONSOREDgascoyne resources ltdSun shines on Saturn MetalsSPONSOREDsaturn metalsMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDThe company ended the June quarter with US$21.1 million in cash and a $40 million working capital deficit.Read More
Centerra's board and executive search firm will look for a long-term replacement for Perry who has also resigned from him position as a director of the firm.Read More
"This is an extremely frustrating development where we have been seeking clarification from the authorities since the new board became aware of the issue in June," Caerus CEO Charles Long said.Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 23 points in pre-opening trade.Bed Bath & Beyond dropped $1.21 to $7.42 on news that the company's Chief Financial Officer died by suicide.Discover Financial slipped $0.28 to $99.25 after JP Morgan downgraded the stock from Overweight to Neutral.FedEx dropped $3.32 to $205.40 after Citigroup downgraded the stock fr...Read More
This week's episode features Northern Miner podcast host Adrian Pocobelli on mining stories from around the world, including new smelter shutdowns in Europe, warnings from Taiwan, Chinese gold buying, opportunities for Canada, joint ventures between mining companies and automakers, and a surprising amount of tragedies at mines. All this and more with host Adrian Pocobelli.Music Credits:"Rattl...Read More
A newly released assessment of global tailings management facilities (TMFs) data paints a jarring picture showing that relative to global mine production, there has been no improvement in the rate of significant failures, according to watchdog World Mine Tailings Failures (WMTF).According to data released for the first time on Tuesday, the rate was constant at 0.09 failures per billion tonnes of p...Read More
An investigation is underway at the Gahcho Ku?(C) Mine site in the Northwest Territories following the death of a worker in an accident there on Thursday.Inspectors from the territorial Workers' Safety and Compensation Commission (WSCC) are at the diamond mine and have started their investigation, WSCC communications officer Shannon Moore told The Northern Miner in an email.It was not known when o...Read More
Chile's national mining association SONAMI has welcomed the weekend rejection of the proposed new constitution for the world's number-one copper producer, sending lawmakers back to the drawing board to create a more inclusive document prioritizing the country's unity.Chileans overwhelmingly rejected the proposed new constitution during a referendum on Sept. 3, handing left-leaning President Gabrie...Read More
NioCorp Developments' (TSX: NB; US-OTC: NIOBF) demonstration-scale processing plant in Quebec has started processing ore samples from the company's Elk Creek critical minerals project in Nebraska. The plant is intended to demonstrate that the company can extract and separate rare earth elements from ore mined at the project, and that its simplified process for producing niobium, scandium and titan...Read More
Centerra Gold (TSX: CG; NYSE: CGAU) said on Tuesday it had named director Paul Wright as interim president and chief executive to replace Scott Perry, without providing reasons for the sudden change at the top.The company said Perry, who led Centerra for seven years, had also resigned as a director of the company and will not be nominated for election at its upcoming annual meeting by the end of S...Read More
O3 Mining (TSXV: OIII; US-OTC: OIIIF) has completed a prefeasibility study for its 100% owned Marban gold project, demonstrating its potential to become the next gold producer in the mining region of Val-d'Or, Que.The study showed robust project economics including a post-tax net present value (at 5% discount rate) of $463 million and post-tax unlevered internal rate of return of 23.2%. The report...Read More
McEwen Copper, a subsidiary of McEwen Mining (TSX: MUX; NYSE: MUX), has inked a deal with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) that gives the global miner an option to become a majority joint venture partner in the Elder Creek project, in Nevada.To exercise the option, Rio's subsidiary Kennecott Exploration would have to invest US$18 million over a maximum of seven years. After that the two...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has inked a definitive arrangement with Turquoise Hill Resources (TSX: TQR) to buy the 49% of the Canadian miner it doesn't already own for US$3.3 billion.The global miner noted Turquoise Hill's board had unanimously recommended the $43 per share cash offer and said it would not increase its bid despite pressure from minority shareholders.Rio said that sen...Read More
USA Watchdog, Released on 9/6/22"They are going to go to another major currency. The BRIC countries and China are preparing to have an anti-dollar. I have told you for years that the dollar is not going to crash, but now it is time. In a year or so, they will really be getting into trouble with the dollar. If the dollar goes down, of course, the inflation goes even higher. So, actually, there is n...Read More
Rice TVx, Released on 9/6/22On this episode, I will be joined once again by Lynette Zang aka DataGirl. LZ is the Chief Market Analyst for ITM Trading. LZ has been helping as many people as she can to survive and thrive the inevitable collapse of the financial system. Her motto/manra is: Wealth, Food, Water, Energy, Security, Barterability, Community, Shelter. I want to get her thoughts on Biden's...Read More
Liberty and Finance, Released on 9/6/22Wealth confiscation is happening right now through inflation. Countries around the world are moving away from the U.S. dollar at an accelerating pace. People are increasingly concerned also about the safety of their money in the bank. "The banks are undercapitalized, and they're over leveraged," says Andy Schectman, CEO & president of Miles Franklin Precious...Read More
GoldCore, Released on 9/6/22Jim Rogers shares his thoughts on the worst bear market of his lifetime and his perspective on Pelosi's visit to Taiwan. Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before "retiring" at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys -...Read More