NEW YORK – A report made public Feb. 5 by Rapaport reveals that polished diamond prices softened in January, with 1-carat stones falling by 0.4% last month and 1.8% compared to January 2018, while 3-carat gems fell by 1.8% last…
The post DIAMONDS…
DIAMONDS: Diamond prices sliding – report Read More »
RIO DE JANEIRO – Vale has declared force majeure on a series of iron ore and pellets sales contracts after a Brazilian state court ordered it to suspend production from its Brucutu mine in the state Minas Gerais. The court order…
The post IRON OR…
IRON ORE: Vale declares force majeure Read More »
NEVADA – Construction of the Gold Bar mine near Eureka is on time and on budget. Owner McEwen Mining of Toronto says the first gold pour will happen this month, and the $81.4 million budget has not increased. Commercial production…
The post GOLD:…
GOLD: McEwen says Gold Bar will make first pour this month Read More »
WESTERN AUSTRALIA – South African-based Gold Fields has announced plans to build one of the world’s largest solar power and battery facilities at its Granny Smith gold mine 400 km northeast of Kalgoorlie. The system will be powered by more…
The p…
GOLD: Gold Fields plans mega solar power plant at Grannie Smith Read More »
WASHINGTON, DC – Last year was disappointing, but the Silver Institute is predicting a “more supportive” climate for silver this year. Sales of the U.S. Mint’s American Eagle coins rose 12% in January 2019, compared to the same month a…
The post …
SILVER: Outlook brightens for 2019 says Silver Institute Read More »
FREDERICTON, N.B. – Siemens Canada announced its corporate membership with the Canadian Institute for Cybersecurity (CIC) housed at the University of New Brunswick. In May 2018, Siemens announced the creation of a Cybersecurity Centre in Fredericton wi…
SECURITY: Siemens Canada joins Canadian Institute for Cybersecurity Read More »
Nicolas Carter is an executive vice-president of uranium at UxC LLC, one of the nuclear industry’s market research and analysis companies. Carter has 21 years of nuclear industry experience. He manages and coordinates uranium consulting projects and pr…
UxC’s Nick Carter expects uranium’s ‘gradual upward movement’ Read More »
UTAH – Vancouver-based Lithium Energy Products announced that it entered into a binding letter of intention with American Strategic Minerals to acquire 100% of its assets, including the Lost Sheep fluorite mine in Juab County, Utah. In a press release,…
LITHIUM: Lithium Energy Products wants to buy fluorite operation Read More »
AUSTRALIA – OceanaGold says its mines in the Philippines, New Zealand and the U.S. will produce a total of between 500,000 and 550,000 oz. of gold and 14,000 to 15,000 tonnes of copper this year at all-in sustaining costs (AISC) ranging…
The post…
GOLD: OceanaGold forecasts similar production, slightly higher costs for 2019 Read More »
BRITISH COLUMBIA – Rio Tinto’s BC Works aluminum smelter and Kemano power operations have been certified by the Aluminium Stewardship Initiative (ASI). This is the highest internationally recognized standard for environmental, social and governance pra…
ALUMINUM: Rio’s BC Works smelter ASI certified Read More »
