LSE-listed Petra Diamonds on Wednesday announced the completion of the sale of its and its black economic empowerment partner’s 75.9% interest in the Kimberley Ekapa Mining joint venture (KEM JV) for R300-million to JV partner Ekapa Mining.The KEM JV incorporates the Kimberley underground mine, extensive tailings retreatment programmes and the high-volume central treatment plant, which are a...Read More
(IDEX Online) - The Gem and Jewellery Export Promotion Council (GJEPC) organized a two-day India Jewellery Buyer-Seller Meet on December 4 and 5 in Kolkata for leading jewelers from participating countries such as Bangladesh, Bahrain, Kuwait, Malaysia, Singapore, UAE, UK and USA. The GJEPC said the initiative aimed to offer a gateway to a huge potential market and boost investment and trad...Read More
PERTH (miningweekly.com) – Commercial diamond mining has started at the Mothae mine, in Lesotho, ASX-listed Lucapa Diamonds reported on Wednesday.“Lucapa is on track to become one of a few listed diamond companies globally with production from more than one operating mine,” said Lucapa MD Stephen Wetherall.AdvertisementRamp-up to the 1.1-million-tonne-a-year nameplate capacity at...Read More
(IDEX Online) - The top performing lot during Bonhams December Fine Jewelry sale was a diamond ring which sold for $828,500 compared with its pre-sale estimate of $400,000-$600,000. Coming from a private collection, it was the first time the 18.04-carat emerald-cut diamond had come to auction. The second top performing lot was a diamond solitaire ring by Royal De Versailles. The ro...Read More
(IDEX Online) - A federal judge in New York has ordered that Signet Jewelers Ltd. face a securities-fraud lawsuit filed by shareholders alleging the company misled them about the performance of its credit portfolio and allegations of sexual discrimination. The lawsuit was filed by Public Employees Retirement System of Mississippi with which District Judge Colleen McMahon agreed. The...Read More
HARARE – Zimbabwe will now allow two more private companies to explore and mine diamonds in the country, bringing to four the number of firms that will operate in the sector, mines minister Winston Chitando has said.Last week Chitando said the country did not plan to change its ownership rules for diamonds and platinum, denting hopes among some miners the country will open up ownership as it...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromineSpeaking at its investor day on Monday, CEO Ivan Glasenberg said inventories for a lot of metals were at or near reco...Read More
New entity Wealth Copper would up the stakes for shareholders on "the global energy consumption paradigm shift" to capitalise on a forecast positive global copper market outlook, CEO Henk Van Al...Read More
Mahenge the Cinderella of the graphite space?SPONSOREDblack rock miningSky is the limit for BSK at Amarillo GrandeSPONSOREDblue sky uraniumNew Energy brings experience to new dawnSPONSOREDnew energy mineralsDealing with the complexity of Coal data with Geobank 2018SPONSOREDmicromine"While we remain modestly positive on commodities, differentiation is essential, and three macro downside risks stand...Read More
According to a statement by Vancouver-based Mason on Tuesday, both proxy advisory firms cited the strong strategic rationale for the arrangement, the significant premium, certainty of value from the cash consideration, and favourable market reaction as factors supporting their positive recommendations.Mason (TSX:MNR) shareholders will vote on the deal during a special meeting scheduled for De...Read More
Yellowhead owns the Harper Creek copper-gold-silver project in British Columbia, where the company already operates the Gibraltar mine.CEO Russell Hallbauer said Yellowhead was being acquired at a cost of "half a penny per pound of copper" in the reserve base. The project holds proven and probable reserves of 3.6 billion pounds of recoverable copper, accompanied by 370,000 ounces gold and 15.6Moz...Read More
Canadian equity markets are expected to open mixed in quiet trade today. U.S. markets are closed. S&P 500 Index futures were up 16 points after China noted that it is confident that a trade agreement with the U.S. will be reached within the 90 day window.The Canadian Dollar slipped 0.04 to U.S. 75.34 cents prior to a Bank of Canada statement on interest rates scheduled to be released at 10:00...Read More
It was around this time last year that we saw Bitcoin climb to an all-time high around $20,000 per coin and saw gains in the 1000% range.The growth during this time sparked a crypto-rage that triggered consumer interest in both buying and trading. I did radio shows with experts, I wrote articles around this topic, and I even invested in cryptocurrency.But as we all know, what goes up, must come do...Read More
Remember when you were a kid and someone gave you cash for your birthday or some other holiday?There was nothing better than that feeling of having extra money that you could spend on anything you wanted.My go-to was always Nike basketball shoes. Somehow I believed with the newest shoes, I’d be able to jump just a bit higher and score a few more points for my team.Today, the largest American...Read More
As 2018 draws to a close, one of the more intriguing exploration stories of the year is shaping up in the Paterson province in a remote part of Western Australia's Great Sandy Desert - east of the Pilbara region's better-known iron ore district.Due to extensive sand dunes and other unconsolidated cover, the Paterson province is relatively underdeveloped, compared to the iron fields to the west. Ne...Read More
Orsu Metals (TSXV: OSU; US-OTC: ORSYF) has connected its Klyuchi West and Kozie gold targets into a 250-metre wide gold mineralized stockwork that extends for 750 metres at its Sergeevskoe gold project in Russia.The company connected the two zones with results from its extended 2018 drilling and trenching campaign. Orsu identified a low resistivity anomaly between the two zones during PD-IP electr...Read More
Victoria Gold (TSXV: VIT) has increased the tonnage, gold grade and ounces in the measured and indicated category at its Eagle deposit in the Yukon, where the Toronto-based company expects to start pouring gold in the second half of 2019.Once in production, the open-pit deposit will produce about 200,000 ounces of gold a year for more than a decade, according to a 2016 feasibility study, and will...Read More
Troilus Gold (TSX: TLG; US-OTC: CHXMF) has tripled its land position with the acquisition of 11,300 hectares to the northeast of its Troilus mine project in Quebec.Troilus is advancing its namesake gold project immediately to the south, and has drilled more than 36,000 metres at the site this year.Last month the company updated the resource to 121.7 million measured and indicated tonnes grading 1....Read More
Dec 06, 2018 Guest(s): Edward Egilinsky Managing Director, Head of Alternative Investments, Direxion Copper has the best potential of all the metals to outperform in 2019 based on fundamentals, said Edward Egilinsky, managing director of Alternative Investments at Direxion. "I think it would be copper on the standpoint of a deal with China, and also Chinese stimulus within their economy to boost...Read More
Oro Verde cited longrunning civil unrest in Nicaragua, though it retains ground in the Central American nation around Topacio and elsewhere.Oro Verde also needed to stump up about A$2 m...Read More