RAPAPORT... An article entitled "De Beers Jewellers Sees Sales Drop" - published on Diamonds.net and the NewsBrief on Wednesday, October 10, 2018, and in the TradeWire on Thursday, October 11, 2018 - was inaccurate. It referred to De Beers Jewellers' 2017 sales results, but was based on a company filing that only reflected inventory movement around the group, and not sales to consumers.As a r...Read More
RAPAPORT... Three financial institutions have agreed to guarantee a $125million loan to Botswana's diamond-manufacturing industry to strengthen thenation's economic growth.The US government's Overseas PrivateInvestment Corporation (OPIC) has partnered with Botswana Finance - a subsidiary of diamond-manufacturingcompany Lazare Kaplan International (LKI) - and Stanbic Bank to provide the loan....Read More
RAPAPORT... Stornoway Diamond Corporation's average price fell quarteron quarter in the three months ending September 30 due to weakness in theIndian market, it said last week. Prices of smaller and lower-quality stones have decreased sinceJuly due to challenging conditions in India, while larger and high-qualitycategories have remained strong, the company said. The miner's average price of$103 pe...Read More
RAPAPORT... Stornoway Diamond Corporation's average price fell quarteron quarter in the three months ending September 30 due to weakness in theIndian market, it said last week. Prices of smaller and lower-quality stones have decreased sinceJuly due to challenging conditions in India, while larger and high-qualitycategories have remained strong, the company said. The miner's average price of$103 pe...Read More
"RNC Minerals (TSX:RNX) Recovers 90-kilogram Specimen Slab, Estimated to Contain 1,000 Ounces of Gold, from Beta Hunt https://t.co/IdepMokOO9 #gold #investing"Read full newsRead More
"World Marijuana Market Predicted to Enjoy a 47% CAGR for the Next Nine Years #marijuana $CROP $WEED @nextgreenwave $ACB $APH #medical marijuana #cannabis #invest https://t.co/OIz0E7WH3v"Read full newsRead More
The British bank initiated coverage on Goldcorp, Kinross Gold, Newmont Mining and Yamana GoldRead full newsRead More
The VanEck Vectors Gold Miners ETF is flying today as investors seek safety in gold stocks. Here's how to profit with GDX options.Read full newsRead More
More than 30 gold miners have died in an informal pit in the Democratic Republic of Congo's South Kivu province after a landslide, officials said Thursday, with dozens more feared trapped.The incident happened a week ago in Misisi in the Fizi region.Read full newsRead More
There isn't much at the proposed mine site right now: just a long airstrip, with clusters of sturdy buildings in the middle of green mountains close to the Middle Kuskokwim River. But if completed, the Donlin gold mine would be one of the biggest in the world. Listen nowRead full newsRead More
"@lamb2_lion Their customers (stainless steel producers) will be short their traditional sources of Ni feed (some of which will be redirected to battery production) and thus have to bid up FeNi and NPI prices."Read full newsRead More
"@lamb2_lion Sulphide ore is not class 1 Ni, nor is sulphideconcentrate. Class 1 Ni is a refined product that can be made from either sulphide or laterite ores. Ni sulfate, in turn, can also be made from many sources, including Class 1 briquettes or MHP (which itself comes from laterites)."Read full newsRead More
"@lamb2_lion Thanks for RTs & Likes. But to be clear, there's no such thing as a "class 1" Ni explorer. A sulphide miner 1st produces concentrate, which yields ~73% of Ni spot price. Without their own smelter, sulphide miners will see limited benefit from EVs. FeNi miners on th'other hand..."Read full newsRead More
The bull market could be nearing its end, and a new panic is approaching.The U.S. Mint just issued a troubling report.It appears that sales of physical gold and silver are in full collapse.At the Mint, U.S. Gold Eagle coins sold through August have dropped 18% compared to last year.And sales of U.S. Silver Eagle coins fell a whopping 32.6% in August 2018 compared to August 2017.What exactly is go...Read More
"Weekly Big News Round-Up. What happened in the Resource sector in the past week? Find out here: https://t.co/Xg2Aj5WruO #resource #mining #investing"Read full newsRead More
MUMBAI, Oct 12 (Reuters) - India's core consumer inflation was seen at 5.8 percent in September, compared with around 6 percent in August, four analysts estimated from the inflation numbers released on Friday.India's retail inflation rate INCPIY=ECI slightly picked up to 3.77 percent in September from August's 3.69 percent, government data showed on Friday, lower than the 4.0 percent that analysts...Read More
By Sumeet ChatterjeeNUSA DUA, Indonesia, Oct 12 (Reuters) - State Bank of India SBI.NS , the country's largest lender, sees its provision for bad loans remaining high for at least the next two quarters, after which it will start softening as it steps up efforts to improve asset quality, its chairman said on Friday.The state-run lender is also seeing a slowdown in "accretion" of new bad loans, Ra...Read More
Investing.com - Here are the top five things you need to know in financial markets on Friday, October 12:1. Big Banks Report EarningsResults from three of the four big banks are expected before the opening bell on Friday. Investors are waiting to see whether bank stocks remain a safe haven after the volatile week in the stock market, as JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC) and Citigro...Read More
Investing.com - Gold prices were lower on Friday as the greenback recovered from a two-week low as inflation pressures eased.Comex gold futures for December delivery fell 0.39% to $1,222.80 a troy ounce as of 8:58 AM ET (12:58 GMT), after recording its largest daily percentage gain on Thursday since June 2016 amid a selloff in equities.Cooling inflation data and rate hike expectations lead to a ri...Read More
(Adds company news items and futures)Oct 12 - Britain's FTSE 100 .FTSE index is seen opening 27 points higher at 7,034 with FTSE 100 futures .FFIc1 up 0.51 percent ahead of the cash market open on Friday, according to financial bookmakers.* ASHMORE: Emerging markets-focused fund manager Ashmore ASHM.L said assets under management rose 3 percent in its first quarter, boosted by inflows of client...Read More