Crude Oil Climbs High. Is It Enough to Enjoy a BetterView?The threat of sanctions caused a stirin the markets: WTI spiked above $130 and Brent is nearing the $140 mark. Whereis crude oil going next?A possible Western embargo on Russian oilcaused oil prices to soar again on Monday, as stock markets feared persistentinflation and a consequent economic slowdown.On the US dollar side, the continuedral...Read More
Dramatic consequences of a silver scarcity?by Samuel Briggs via KinesisIn this week's Live from the Vault, Andrew Maguire is joined by Dr Stephen Leeb, a renowned American economist and a financial author to contemplate the impending commodities shortage and the dramatic consequences of a silver scarcity for the developing countries.The precious metals experts discuss how China's growing prosperit...Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDEro Copper touts green focus and shareholder returnsSPONSOREDero copperFor C3 Metals, X marks the spotSPONSOREDc3 metalsGreat Panther, great prospectsSPONSOREDgreat pantherCopper at an all-time high of almost US$5 a pound. Nickel at $13.50/lb, aluminium at $1.Read More
RAPAPORT... Prices soared at Petra Diamonds' recent rough tender in South Africa as strong market momentum continued.The miner brought in $140.6 million at its fourth sale of the fiscal year, compared with $128.4 million at the previous event, it reported Monday. Like-for-like prices rose 38% versus the previous tender, which ended December 15, and jumped 47% compared with the six months endi...Read More
RAPAPORT... The World Federation of Diamond Bourses (WFDB) has adopted a document calling for members to comply with standards of ethics.The decision took place at the WFDB president's meeting in Dubai last month, the umbrella organization for diamond exchanges said in a recent statement. The "Guidelines on Responsible Business Practices" deal with responsible sourcing throughout the supply c...Read More
RAPAPORT... Diamcor Mining has fast-tracked its mine-improvement program by several months to increase production and benefit from the current strong rough prices.The upgrades, which would allow the company to step up both output and processing at its Krone-Endora at Venetia deposit in South Africa, were originally scheduled to be completed by June 30, the company said last week. "Given the curren...Read More
RAPAPORT... Carla Liuni will step down as chief marketing officer of Pandora after two years with the company.Liuni will leave her position with the Danish jeweler to return to Italy, Pandora said last week. She was one of a number of senior marketing executives Pandora recruited in 2019 and 2020 to introduce major new product lines and launch its turnaround strategy."We understand Carla's wish to...Read More
(IDEX Online) - Alrosa has suspended its membership Natural Diamond Council (NDC) and relinquished its position as as vice chair of the Responsible Jewellery Council (RJC), following Russia's invasion of Ukraine.It said it hoped the industry would stand strong during "this tough time" and that the situation would soon stabilize.The NDC, an alliance of the world's leading diamond producer...Read More
(IDEX Online) - Christian Dior yesterday unveiled an 88.88-carat cushion-cut yellow diamond - worth an estimated $50m - at the re-opening of its flagship store in Paris.The fancy intense VVS2 stone was recovered as a 150-carat rough gem at the Kimberley mine, South Africa, owned by Ekapa.Dior acquired it for an undisclosed sum and insisted on cutting it to exactly 88.88-carats, reflecting its beli...Read More
The Ministry of Mines and Energy authorised the restart after it completed a consultation process with the indigenous Maya Q'eqchi' people, which was ordered by the Constitutional Court in June 2020.Read More
(IDEX Online) - Two former employees have been cleared by a court in Namibia of stealing marine diamonds worth $420,000 from a Debmarine vessel. The main prosecution witness against Emmanuel Shikololo and Rodney Klim, both aged 48, did not give a credible account, said the judge at Windhoek High Court. Klim was alleged to have reported a blockage in the vessel's vacuum air trans...Read More
The motion received 13 votes in favour with three against and three abstentions.Read More
"We are proud to be awarded these grants for the second time, which validates the company's bold exploration strategy exploring the northern, covered extension of the Macquire Arc, Australia's premierRead More
U.S. equity index futures were sharply lower this morning. S&P 500 futures were down 23 points in pre-opening trade. Index futures are responding to the growing conflict in Ukraine. Commodity prices were sharply higher again this morning in response to the Ukraine conflict. Gold added $9.70 to $1,976.30. Crude oil gained $2.90 to $118.58. Bed Bath & Beyond advanced $10.75 to $26.93 on news...Read More
A committee tasked with rewriting the Chilean constitution has approved an early-stage proposal that opens the door to the country nationalizing some of the world's most significant copper and lithium mines.The local media outlet, emol, reported on Monday the constituent assembly's motion brought by the environmental committee received 13 votes in favour, with three against and three abstentions.T...Read More
The growing demand for Geodrill's (TSX: GEO; OTC-US: GDLFF) suite of services is set to increase amid heightened investor demand for haven assets like gold. This, in turn, drives interest in metal production and pushes exploration budgets higher, CEO David Harper tells The Northern Miner.The Toronto-based services company reported fourth-quarter and full-year 2021 revenue growth of 8.2% year-over-...Read More
In another important milestone towards its goal of developing a sustainable battery supply chain in North America, Electra Battery Materials (TSXV: ELBM; US-OTC: ELBMF), the company formerly known as First Cobalt, has obtained final approval of the updated closure plan for its hydrometallurgical facility in Ontario.Electra's business strategy is to produce sufficient battery material on an annual...Read More
A 62% jump in passenger electric vehicles (EVs) registrations in the second half of 2021 to 5.84 million units continues to drive an intensifying demand in the battery metals sector, the latest data release from Adamas Intelligence shows.According to the market analyst, an 86% increase in passenger EV registrations in the Asia Pacific region positions it as the top EV market, followed by the Ameri...Read More
Kinross Gold (TSX: K; NYSE: KGC) may permanently exit from Russia after operating in the country for about 25 years, a BMO metals and mining analyst said, as the nation continues to attack Ukraine. On Mar. 2, Kinross announced that it would suspend its Russian operations following Western sanctions. However, in a research note to clients on Mar. 6, BMO analyst Jackie Przybylowski stated that the...Read More
Canadian explorer Tier One Silver (TSXV: TSLVF; US-OTC: TSLVF) believes it is in the early stages of a new discovery in Peru.The Vancouver-headquartered junior recently completed the first ever drill program on its 100%-owned Curibaya silver-gold project in southwest Peru, about 48 km northeast of the provincial capital Tacna, close to the border with Chile.The drilling comprised 16 holes (5,347...Read More