Junior Mining News

Solid demand for large stones boosts Gem Diamonds sales

By analyst By Cecilia Jamasmie Sales from Africa-focused Gem Diamonds’ (LON:GEMD) iconic Letšeng mine increased sharply in the third quarter as improved demand for high-value rough precious rocks boosted prices, the company said Tuesday. The Lesotho-based mine’s sales jumped by 19% year on year to $48.1 million in the three months to September 30, Gem

Solid demand for large stones boosts Gem Diamonds sales Read More »

More than 2,000 miners sacked at Sibanye’s Cooke gold mine

By analyst By Cecilia Jamasmie South African precious metals producer Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), has delivered termination letters to over 2,000 workers at its loss-making Cooke gold mine. The National Union of Minworkers (NUM) said through its Twitter feed on Tuesday that the company has officially begun mothballing the operation. It added the miners being sacked

More than 2,000 miners sacked at Sibanye’s Cooke gold mine Read More »

‘Shovel-Ready’ Project Could Benefit from Rebounding Rare Earth Prices

Source: Streetwise Reports 10/31/2017 As China’s central government clamps down on archaic polluting mines, Australia looks to meet surging global demand. Snap quiz: the transition metal Zirconium (Zr) can be found in a. nuclear reactors, b. prosthetic hips, c. jet engines or d. all-of-the-above. You guessed it—it’s “d.” Zirconium is an obscure do-it-all metal critical

‘Shovel-Ready’ Project Could Benefit from Rebounding Rare Earth Prices Read More »