Precious gemstones miner Gemfields has chosen to pay ?5.8 million (about $7.8m) to community members residing near its Montepuez ruby mine in Mozambique, in a "no admission of liability" move that settles a claim of human rights abuses brought against it by locals.Leigh Day, the London-based law firm representing a group of 273 Mozambicans, argued last year that security forces employed by the...Read More
Precious gemstones miner Gemfields has chosen to pay ?5.8 million (about $7.8m) to community members residing near its Montepuez ruby mine in Mozambique, in a "no admission of liability" move that settles a claim of human rights abuses brought against it by locals.Leigh Day, the London-based law firm representing a group of 273 Mozambicans, argued last year that security forces employed by the...Read More
It's late in the credit cycle, and it appears the end of the expansion phase is in sight.Geopolitics - Asia, and Russia publicly, have swapped reserve dollars for gold.Gold is massively under-owned in the west.The following is a list of the ten most important factors likely to affect gold in 2019. I have grouped them under two broad headings, economic developments, and factors affecting gold i...Read More
Lithium is set to soar - and leave investors pocking huge profits.Even with all the headlines and controversy surrounding Tesla founder Elon Musk, recent research shows that even bad press can't stop the momentum of a huge component that makes Tesla what it is today.In fact, Tesla merely helped highlight how completely critical lithium is in today's increasingly-technological world... and how scar...Read More
Mining companies need to determine how to operate in a market that is also characterized by rising stakeholder demands, a widening talent gap, dwindling access to key inputs such as energy and water, and a Chinese economy growing at under 7%, rather than 12%, just to mention some challenges. (Image courtesy of Codelco | Flickr.)2019 could go down in history as the year mining companies stopped anc...Read More
Mining companies need to determine how to operate in a market that is also characterized by rising stakeholder demands, a widening talent gap, dwindling access to key inputs such as energy and water, and a Chinese economy growing at under 7%, rather than 12%, just to mention some challenges. (Image courtesy of Codelco | Flickr.)2019 could go down in history as the year mining companies stopped anc...Read More
Mining companies need to determine how to operate in a market that is also characterized by rising stakeholder demands, a widening talent gap, dwindling access to key inputs such as energy and water, and a Chinese economy growing at under 7%, rather than 12%, just to mention some challenges. (Image courtesy of Codelco | Flickr.)2019 could go down in history as the year mining companies stopped anc...Read More
Mining companies need to determine how to operate in a market that is also characterized by rising stakeholder demands, a widening talent gap, dwindling access to key inputs such as energy and water, and a Chinese economy growing at under 7%, rather than 12%, just to mention some challenges. (Image courtesy of Codelco | Flickr.)2019 could go down in history as the year mining companies stopped anc...Read More
Mining companies need to determine how to operate in a market that is also characterized by rising stakeholder demands, a widening talent gap, dwindling access to key inputs such as energy and water, and a Chinese economy growing at under 7%, rather than 12%, just to mention some challenges. (Image courtesy of Codelco | Flickr.)2019 could go down in history as the year mining companies stopped anc...Read More
(Adds new death toll and comments from cemetery director;restores context)By Jake Spring and Gram SlatteryBRASILIA/BRUMADINHO, Brazil, Jan 29 (Reuters) - Vale SA , the world's largest iron ore miner, on Tuesday vowedto take as much as 10 percent of its ore output offline in orderto decommission 10 more dams like the one that burst last week,killing scores of workers and nearby residents.Chief Exec...Read More
(Adds new death toll and comments from cemetery director;restores context) By Jake Spring and Gram Slattery BRASILIA/BRUMADINHO, Brazil, Jan 29 (Reuters) - Vale SA , the world's largest iron ore miner, on Tuesday vowedto take as much as 10 percent of its ore output offline in orderto decommission 10 more dams like the one that burst last week,killing scores of workers and nearby residents. Chief E...Read More
The world's top diamond producer by output, Alrosa, (MCX:ALRS) has unearthed a rough diamond weighing nearly 200 carats from its Udachnaya pipe, its largest find in more than two years.The 191.46-carat stone, which is white with a slight yellowish tinge, measures 40 mm by 31 mm by 20 mm. It was found earlier this month at the processing plant No 12 of Udachny mining and processing division, th...Read More
The gold price finally pierced resistance at $1,300 on Friday, hitting a 7-month high!The $1,300 level has been pesky resistance roughly 12 times over the past 3 to 4 years.It is a psychological price threshold, but also has implications for paper futures traders.The bulls are optimistic that the Federal Reserve will leave interest rates unchanged this week.Growing risks to the global economy are...Read More
IAMGOLD announces decision not to proceed with the construction of Cote Gold project.Previously, I noted that investors were worried about this major investment as many gold projects fail to deliver return nowadays.This is a positive catalyst for the company which will provide some support for its beaten shares.Recently, I have written about IAMGOLD's (IAG) 2018 production and 2019 guidance report...Read More
Game of Thrones loses one of its Dark Hedges trees and all that glitters is not gold.Read full newsRead More
Vancouver, BC - Quadron Cannatech Corporation (CSE:QCC) (the "Company" or "Quadron"), is pleased to announce that it has completed the sale of a BOSS CO2 Extraction System ("BOSS") to Ten-10 Ventures Inc. in Kelowna, British Columbia, Canada ("Ten-10").Ten-10 is an applicant under the Cannabis Act and its principals have years of cultivation experience under medical production rules, and global...Read More
Published 23 Hours AgoUpdated5 Hours AgoReuters Getty ImagesGold jumped to its highest in more than eight-months on Tuesday, on doubts surrounding U.S.-China trade relations and ahead of a Federal Reserve meeting with increasing expectations for a pause to the central bank's rate hike trajectory.Spot gold was up 0.5 percent to $1,310.60 per ounce as of 2:53 p.m. EST, having hit its highest since...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average sank Monday, led lower by Caterpillar Inc. (CAT) , which missed analysts' earnings estimates.Caterpillar declined 9.13% after its posted weaker-than-expected fourth-quarter earnings and forecast a "modest" in increase in 2019 sales.Nvidia Corp. (NVDA) tumbled 13.8% after slashing its revenu...Read More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comJan 29, 2019 The magnificent gold price rally has paused in the $1300 area for the past few weeks.Monday was COMEX option expiry day. With that now out of the way, gold is already staging more upside action! Please click here now. Double-click to enlarge this daily gold chart.A bullish ups...Read More
By: David SmithTwo years ago at a conference during which I both presented and attended, a Keynote speaker, "Rich Dad" Robert Kiyosaki, introduced me to a different way of looking at things. He posed the question, "How many sides does a coin have?"The correct answer is "three." The front (obverse), back (reverse) and... the edge!When you think about it, this makes sense. From this angle - uncomm...Read More