RAPAPORT... Sarine Technologies has launched a valuation service for rough diamonds, aiming to support the lending sector by making it easier to assess how much collateral is worth.The Israeli company will analyze rough stones with its existing technology and then value the expected polished outcome using various sources of pricing data, it said Monday. It will refine the estimate via "statis...Read More
RAPAPORT... Gem Legacy, a nonprofit that provides training, education and community development in East African colored-gemstone mining regions, has launched a for-profit adventure travel company.The business, called Gem Legacy Adventures, will offer guided tours of various initiatives run by the nonprofit and the areas in which it operates, it said Monday. Participants will also be taken on safar...Read More
RAPAPORT... The Dubai Multi Commodities Centre (DMCC) has signed an agreement with Botswana's Okavango Diamond Company to cross-promote the industry through various business endeavors. Under the partnership, Okavango will hold diamond auctions and viewings at the Dubai Diamond Exchange (DDE), which is part of the DMCC. They will also exchange information, analytical materials and forecasts on the...Read More
(IDEX Online) - US sanctions on importing rough diamonds from Russia do not apply to stones mined there but cut and polished elsewhere, according to the Jewelers Vigilance Committee (JVC).The ban, announced last Friday, covers "unworked or simply sawn, cleaved or bruted" diamonds, or what generally referred to as "rough diamonds", but does not extend to gems polished in other countries.The Office...Read More
(IDEX Online) - De Beers issued a brief statement following the imposition of US sanctions on Alrosa, its biggest rival, assuring retailers they could buy from them "with confidence".The UK-based miner gave assurances that all its diamonds were from Botswana, Canada, Namibia or South Africa.An executive order announced by US president Joe Biden last Friday prohibits the importation of rough...Read More
RAPAPORT... Russian-mined diamonds polished in other locations are allowed into the US under the latest import sanctions - but buying them is risky, says the Jewelers Vigilance Committee (JVC).President Joe Biden's March 11 executive order prevents the import of items with either of two harmonized tariff codes: 7102.31.00 or 7102.39.00. The first refers to "unworked or simply sawn, cleav...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 25 points in pre-opening trade despite weakness in Far East markets. The Shanghai Composite Index plunged 159.57 to 3,063.97 after the government shut down Shenzhen affected by a COVID 19 outbreak.Futures moved higher following release of economic news at 8:30 AM EDT. Consensus for the February Producer Price Index was...Read More
Measured and indicated contained copper at Carmacks was increased by 43% from its last previous resource estimate issued in 2018.Read More
The Company finds high-grade gold and copper while remaining on track to complete the next development steps for the CK Gold Project and submit Permit to Mine application to Wyoming DEQ mid-year 2022Cites proven and probable reserves of 1 million ounces of gold and 248 million pounds of copper CHEYENNE, Wyo., March 15, 2022 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold," the "Company," "we," "ou...Read More
Probe Metals (TSXV: PRB; US-OTC: PROBF) has released additional results from last year's drill program at the Monique property, part of the company's district-scale Val d'Or East project in Quebec.These included 71 holes from the 2021 resource expansion and infill drill program, which revealed new gold mineralization along strike and at depth to the east, southeast and south of the former Monique...Read More
The London Metal Exchange (LME) will resume trading nickel contracts at 08:00 London Time on March 16, the exchange announced, and it will set daily price limits in either direction for all base metals. The LME was forced to cancel nickel trading on March 8 following an abnormal 250% price spike triggered by Western sanctions against Russia that pushed the price of the metal above a record US$1...Read More
Power Nickel (TSXV: PNPN; US-OTC: CMETF) has announced drill results from its Nisk nickel sulphate project near James Bay in Quebec, which the company expects to become one of the "greenest ESG mines" in the future. The drill results have "confirmed" the presence of "high-grade nickel mineralization" in the central portion of the Nisk Main zone, the company said. Highlights from the drill re...Read More
Stuhini Exploration (TSXV: STU) has completed a pit-constrained mineral resource estimate for the Ruby Creek molybdenum deposit located 35 kilometres east of Atlin in British Columbia. The resource estimate was undertaken by Mine Development Associates (MDA), a division of RESPEC, and according to its calculations, Ruby Creek contains pit-constrained measured and indicated resources of 432.99 mil...Read More
Operations at Southern Copper's Cuajone mine in Peru have been suspended for 15 days as locals continue to block the company's access to a water reservoir and other key supplies, the country's mining and energy industry body has revealed.The blockade began on February 28, when Southern Copper made the decision to replace a 50-year-old water pipe that supplies nearby communities.According to Raul J...Read More
This week's episode features Access Mining managing partner George McLeod in conversation with Northern Miner Podcast host Adrian Pocobelli on the Russian invasion of Ukraine, the potential boomerang impact of sanctions, and which metals are most likely to be impacted by the conflict.George McLeodGeorge McLeod is a Southeast Asia specialist who has worked in the region for 12 years. He served as P...Read More
For more than a century, Canada has been the global leader in capital formation for the mineral exploration and development industry. However, in the wake of modern demand for niche technology minerals, a general underperformance in mining equities and dwindling investor interest, the mining finance sector needs to innovate to help keep its participants engaged and keep them from considering listi...Read More
Carnivore Trades, Released on 3/15/22Watch the original video from June 2021 here - https://youtu.be/SgEv4JMn9dU***Come Join Me on carnivoretrades.com for premium trades & commentary***Weekend Analysis Videos Can Be Found at -https://www.youtube.com/channel/UC0iT...Follow Aaron Basile: Twitter: https://twitter.com/aaronbasileYouTube: https://www.youtube.com/user/aaronbasile/videosWebsite: https://...Read More
Liberty and Finance, Released on 3/15/22Andy Schectman is the President and CEO of Miles Franklin Ltd. Precious Metals. Andy Schectman, gold, silverAndy Schectman: Volatility In ALL Markets added by Herman James on 03/14/2022View all posts by Herman James ?+'Read More
Quote the Raven - Twitter, Released on 3/15/22Me 12 beers deep at happy hour explaining geopolitics pic.twitter.com/X4fYYhFaAd- Quoth the Raven ???????? (@QTRResearch) March 15, 2022VIDEO: Nancy Pelosi is an alcoholic added by Herman James on 03/16/2022View all posts by Herman James ?+'Read More
Business Insider (via Yahoo Finance), Released on 3/15/22Gold has become one of Russians' last safe havens to preserve their wealth. Continue... Russians are buying so much gold amid the ruble's collapse that the central bank halted its own purchases from banks added by Herman James on 03/16/2022View all posts by Herman James ?+'Read More