The Daily Gold, Released on 10/11/22When one considers the fundamental backdrop, one will realize that a major turn is soon at hand.Continue... Jordan Roy-Byrne: Major Catalysts Building for Gold added by Herman James on 10/11/2022View all posts by Herman James ?+'Read More
Rising interest rates - including by the US Federal Reserve - and Russia's ongoing invasion of Ukraine were factors behind the prospects of a downturn next year.Read More
The decline reflects an 8% fall in gold prices to an average of US$1,730 an ounce and a larger decline in by-product metals, including a 15% fall in silver prices and 19% in copper.Read More
Mining Journal talked to Centamin chief executive Martin Horgan about the company's plans.Read More
The third quarter consolidated production at 63,900 ounces of gold was down 12% from the previous quarter of 72,900 ounces and below market consensus of around 69,000 ounces.Read More
The southern seafloor of the exclusive economic zone (EEZ) surrounding Minamitorishima - a coral atoll also known as Marcus Island - has an extremely REE-rich mud layer, according to KatoRead More
Chaarat makes headway at KyzyltashSPONSOREDchaarat gold holdings ltd.Metal Bank draws on experience as resource upgrades nearSPONSOREDmetal bank limitedCerrado eyes feasibility study for Brazil assetSPONSOREDcerrado goldMining Journal and MiningNews.Net Critical Minerals reportSPONSOREDRio currently exerts control via a 51% stake in Turquoise Hill which in turns owns 66% of Oyu Tolgoi, the remaind...Read More
RAPAPORT... This year, we commemorate the 10th anniversary of theInternational Day of the Girl. The day, which falls on October 11, focuses on the need to address thechallenges girls that face and promotes girls' empowerment and the fulfilment oftheir human rights. In the last 10 years, there has been a greater focus on gender equality with more opportunities for girls to have theirvoices heard on...Read More
RAPAPORT... De Beers is set for a change in leadership as CEO Bruce Cleaver will step down from his role at the beginning of 2023. He will be replaced by Al Cook, who is currently executive vice president of international exploration and production at Norway-based energy company Equinor."Al brings more than 25 years of international leadership experience," said De Beers chairman Duncan Wanblad sai...Read More
(IDEX Online) - RioZim has bought the Sperrgebiet Diamond Mine in Namibia in a deal reportedly worth $58m. Sperrgebiet has two land and two offshore licenses and says it specializes in small and melee diamonds. It describes itself as "a diversified natural resource company that performs land-based exploration, mining and rehabilitation operation and services". RioZim, the Zimbabwe-based diversifi...Read More
(IDEX Online) - The GIA (Gemological Institute of America) says it will launch a digital-only version of its Diamond Dossier in January 2023.It's the first step towards phasing out all printed reports with three years, a move that will save saving 20 tons of paper and 18.5 tons of plastic a year. "Beginning Tuesday, January 2, 2023, GIA Diamond Dossier will be available in a convenient,...Read More
(IDEX Online) - Diamond miners in Zimbabwe will have to pay half of their royalties to the government in rough gems rather than cash.The move, to be implemented immediately, was announced by President Emmerson Mnangagwa (pictured)in a weekly newspaper column for The Sunday Mail (9 October edition).The new royalties rules also include gold, platinum group metals (PGM) and lithium, widely used in re...Read More
RAPAPORT... The Williamson Pink Star diamond has become the second-most valuable jewel ever sold at auction, following a 'bidding frenzy' at Sotheby's Hong Kong.After a 20-minute battle, which included 50 bids, the cushion-cut, 11.15-carat, fancy-vivid pink, internally flawless diamond ring sold for $57.7 million, nearly three times its $21 million high estimate, Sotheby's said following the one-o...Read More
(IDEX Online) - Bruce Cleaver is to step down early next year as CEO of De Beers Group and will be replaced by Al Cook, of the Norwegian energy giant Equinor.Cleaver, who was appointed as CEO in 2016, will become co-chairman of the company.Cook is currently executive vice president of exploration and production international at Equinor, the state-owned petroleum company, with responsibility for op...Read More
RAPAPORT... Debmarine Namibia, De Beers' joint venture with the government in the southern African nation, has promoted chief financial officer Willy Mertens to CEO.Mertens will take over on November 1 from Otto Shikongo, who is retiring from Debmarine Namibia at the end of this year after leading the business since 2014, the company said Thursday. De Beers and the state each own 50% of Debma...Read More
Analysts from the investment bank are bearish on copper, downgrading their three-month forecast price from US$7500 per t (which is around current levels) to just $6200/t or $2.80 per pound.Read More
Volume for major equity markets was significantly lower than average yesterday where markets were open:Chinese equity indices dropped after the U.S. announced restrictions on distribution of semi-conductors chips to China.U.S. equity index futures were lower this morning. S&P 500 dropped 2 points in pre-opening trade.Qualcomm dropped $1.70 to $112.90 after KeyBanc Capital lowered its target pr...Read More
Canada's largest uranium producer Cameco (TSX: CCO) has announced a significant expansion into the nuclear services sector after agreeing to buy U.S.-based Westinghouse Electric with Brookfield Renewable Partners (NYSE: BEP) in a US$7.9 billion deal, the companies announced on Tuesday.Brookfield Renewable and its institutional partners will own a 51% interest in Westinghouse, while uranium fuel su...Read More
Burkina Faso-focused miners say operations have not been affected following a second coup d'?(C)tat on Sept. 30 that saw the country's president Lt.-Col. Paul Henri Sandaogo Damiba overthrown after only nine months in power.While local mining operators face growing security, logistical and financing issues, they appear to remain bullish on the jurisdiction, with no announcements emerging of reduce...Read More
This week's episode features George Hemingway, Managing Partner Head of Innovation Practice, Stratalis, in conversation with Northern Miner production editor Blair McBride at the Q3 Global Mining Symposium. George discusses how the mining industry needs to take a more personal approach to persuade younger people to have a more positive view of it.All this and more with host Adrian Pocobelli. "R...Read More