(IDEX Online) - Diamond dealers in Antwerp are suing their banks for blocking their US dollar accounts when they implemented AML (anti-money laundering) legislation.They're set to take a group action, claiming they have suffered disproportionately from the implementation of EU rules.Robin van Beurden, an Antwerp diamond broker, told the German broadcaster Deutsche Welle he'd already won...Read More
(IDEX Online) - A necklace of 33 exceptional jadeite beads sold for over $8.8m at Christie's Magnificent Jewels live auction in Hong Kong. The beads (measuring approximately 15.0 to 12.3 mm) were set with an 11-carat cushion-cut Burmese ruby surrounded by oval-cut diamonds. The piece (pictured) sold for $8,836,123 to a collector on the phone after "spirited competition". Christie's said...Read More
(IDEX Online) - TAG Heuer is now accepting crypto payments for watches sold online in the US.The luxury Swiss watchmaker says it's a "significant step on its digital transformation journey".Customers will be able pay with Bitcoin, Ethereum and a selection of 10 other cryptocurrencies, with a maximum spend equivalent to $10,000 in each transaction."We have been following cryptocurrency develop...Read More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesCopper Fox is brim-full of potentialSPONSOREDcopper fox metalsOrford eyes massive nickel sulphides at West RaglanSPONSOREDorford miningCIC-owned subsidiary Fullbloom Investment sold 110,700 Class B subordinate voting shares on the Toronto Stock Exchange and other alternative trading system...Read More
Technical evidence that North American equity indices have passed an intermediate low appeared last week. Look for a bottoming process between now and the next FOMC meeting on June 14th-15th. ObservationsConsensus earnings estimates for S&P 500 companies on a year-over-year basis in the first quarter of 2022 virtually were unchanged last week. Ninety seven percent of companies have report...Read More
Spread the loveCOMMENT: I just wanted to comment on your “Endless Propaganda Behind the Dollar.” I attended your 2011 WEC in Philadelphia. I bought the stock market using the Dow stocks when it was 12,500. Gold was about 1600 and your forecast that the high was in place was amazingly correct as it fell to nearly 1000 after that.You have opened my eyes to the real meaning of Adam Smith...Read More
Vanstar Mining (TSXV: VSR) has reported "promising" partial results from its initial drill program at the Bousquet-Odyno project in Quebec, where it hopes to expand the gold system at depth. Highlights from the two reported drill holes included 21 metres grading 5.23 grams gold per tonne starting from 301 metres (hole BO-22-63); and 6.5 metres grading 2.1 grams gold starting at 104 metres (hole...Read More
Miners operating in Colombia are bracing for tighter environmental rules as the two anti-establishment presidential candidates that made it to a runoff on June 19, have promised stricter environmental rules and controls over the industry.After no candidates were able to reach on Sunday's election more than the 50% of votes required to win outright, the South American nation will have to choose bet...Read More
Production at Glencore's (LSE: GLEN) Raglan nickel mine at Nunavik has been suspended as hundreds of unionized workers went on strike for the first time in 25 years on the night of May 27. Nearly 98% of the 630 workers from the United Steelworkers Union, Local 9449, voted in favour of a strike in late May citing issues including the use of subcontractors, deteriorating labour relations as well...Read More
Mawson Gold's (TSX: MAW) shares rose by more than 50% on May 30 after its 60.3% owned subsidiary Southern Cross Gold (ASX: SXG) reported a high-grade drill result from its Sunday Creek project in Victoria, Australia. Highlights from drill hole SDDSC033 included 5.2 metres grading 14.7 grams gold per tonne starting from 189.9 metres; 5.1 metres grading 17.7 grams gold starting from 160.5 metres;...Read More
Today's mining companies are complex organizations that operate in dynamic and evolving business environments. To manage a successful mining operation involves navigating the diverse and increasingly complex challenges of sustainability, governance, and stakeholder engagement on top of the requirements of managing finances, inventories, and supply chains that are common to all operators.Illumiti,...Read More
As the ESG spotlight shifts onto the mining and metals sector, there is increased interest in recycling as a source of green metals, a recent report by White & Case states.According to the law firm, the ideas around the circular economy, where all aspects of the economy are repurposed and/or reused, align well with recycling, while relatively high commodity prices also make the often resource-inte...Read More
Unionized workers at Baffinland Iron Mines' Mary River iron ore operation on the northern tip of Baffin Island, in Canada's territory of Nunavut, are urging the federal government to approve the company's request for a shipping limit expansion.After four years of consultations and deliberations, the Nunavut Impact Review Board (NIRB) rejected on May 13 Baffinland's request to more than double...Read More
Last year was an exceptional one for Lundin Gold (TSX: LUG) and its high-grade Fruta del Norte underground mine in southeastern Ecuador, 130 km northeast of Loja, the country's fourth-largest city.The company generated US$268 million of free cash flow in 2021 from the production of 428,514 oz. of gold at an all-in sustaining cost (AISC) of US$762 per oz., beating its guidance of 380,000 to 420,000...Read More
Jim Rickards - Twitter, Released on 5/30/22Russia is rolling up Ukraine on the ground. China is threatening Taiwan by air and sea. And the U.S. Secretary of the Navy thinks the existential threat is climate change. What idiots.https://t.co/aDieroEy7e- Jim Rickards (@JamesGRickards) May 30, 2022 Jim Rickards is a lawyer, investment banker and economist with over thirty years' experience in capital...Read More
Ron Paul, Institute for Peace and Prosperity, Released on 5/30/22Authoritarian politicians wasted no time using the recent shootings in Buffalo, New York, and Uvalde, Texas, to justify new infringements on liberty. Just days after the Buffalo shooting, the US House of Representatives passed a law creating new domestic terrorism offices in the FBI, the Justice Department, and the Department of Home...Read More
David Moadel, Released on 5/30/22Want more help from David Moadel? Contact me at [email protected]David Moadel is a trader and investor of stocks and options. A former elementary school teacher, David has a master's degree in education and a unique ability to convey knowledge in the area of finance. He has coached many people and likes to combine fundamental and technical analysis to help people...Read More
IsoMetrix launches pioneering ESG applicationSPONSOREDisometrixChinese Strategic AllianceSPONSOREDxanadu minesCopper Fox is brim-full of potentialSPONSOREDcopper fox metalsOrford eyes massive nickel sulphides at West RaglanSPONSOREDorford miningIn fact, Glencore outperformed two if its main rivals, BHP and Rio Tinto, topped only by Anglo American when looked at over the five trading days to Friday...Read More
Today's mining companies are complex organizations that operate in dynamic and evolving business environments. To manage a successful mining operation involves navigating the diverse and increasingly complex challenges of sustainability, governance, and stakeholder engagement on top of the requirements of managing finances, inventories, and supply chains that are common to all operators.Illumiti,...Read More
Mar 30, 2021 First Mining Gold's CEO and Director, Dan Wilton, and Auteco's Executive Chairman, Ray Shorrocks, will discuss ...Read More