Infomine

By Cecilia Jamasmie The world’s largest diamond jewellery retailer, Signet, has become the first chain to join De Beers’ pilot of its end-to-end diamond blockchain program called Tracr, aimed at clearing the supply chain of imposters and conflict minerals. Signet will work alongside the Tracr team to ensure the platform meets the needs of the […]

By Michael Allan McCrae Yukon-based junior Fireweed Zinc (TSXV: FWZ) filed a preliminary economic assessment today showing a pre-tax net present value at 8% of Can$779M and an internal rate of return at 32%. Company stock was largely unchanged at $2.01 a share. The 52-week high is $2.12 and the low is 67 cents. The

By Michael Allan McCrae Quebec-based Nemaska Lithium (TSX:NMX) announced on Tuesday it had raised Can$280M to help bring its lithium mine to production. Nemaska sold off on the news, declining 15% today to 98 cents a share. The 52-week high for Nemaska was $2.44 a share. “Today marks a big day in the life of

By Felicia Chan Nickel was last traded at $14,735 per tonne, up 20.2% on a year-to-date basis emerging as the strongest performing base metal so far this year. FocusEconomics Consensus Forecast panelists predict nickel prices to ease off over the short term after a buildup of tension surrounding US sanctions against Russian aluminum giant Rusal

By Cecilia Jamasmie Africa-focused Gem Diamonds’ (LON:GEMD) has recovered a 115-carat diamond from the Letšeng mine in Lesotho. The top white colour Type IIa gem was the ninth diamond of over 100 carats the company has found so far this year, exceeding the total number of precious stones over 100 carats dug up in 2017.

By Cecilia Jamasmie Australia’s Lucapa Diamond (ASX:LOM) has found a 25-carat yellow gem diamond at its 70%-owned Mothae mine in Lesotho, adding that the stone was recovered during the first two days of trial processing at the project. The yellow diamond was unearthed from the Neck zone of the Mothae kimberlite, which is not part

By Frik Els Up and away Investors continued to pile into NioCorp Developments (OTCMKTS:NIOBF, TSX: NB) on Monday after the US Department of Commerce included all the metals the Colorado-based company plans to mine at its Elk Creek project on the US government’s register of critical minerals. Over the counter units of NioCorp trading in

By Frik Els The price of cobalt has been drifting after hitting near 10-year peaks in March to exchange hands for $91,000 a tonne on Friday. Cobalt is still up nearly fourfold since hitting multi-year lows at the beginning of 2016 as worries about supply of the metal, a crucial element in batteries, combine with

By Valentina Ruiz Leotaud Southern Copper’s Manager of Technical Services, Carlos Aranda, said this week that the $1.4 billion Tía María copper project, located in the southern Peruvian region of Arequipa, is gaining legitimacy amongst the population. In a conference held before Peru’s Mining Engineers Institute, Aranda said that the company, a subsidiary of Grupo

By Cecilia Jamasmie Glencore’s (LON:GLEN) copper operations in the Democratic Republic of Congo will soon be the target of British regulators, which are planning to open a formal bribery investigation into the company and its deals Dan Gertler, an Israeli mining tycoon implicated in the payment of bribes to the country’s leader Joseph Kabila. An