US markets slip, March 15-19
The Dow Jones Industrial Average dropped 0.46% to finish the week at 32,627.97 and the S&P 500 fell 0.77% to 3,913.10. Spot gold fell by US$17 per oz., or 0.98%, to…
Europe
The View from England: Copper has been a stand-out price performer during the pandemic, as has cardboard
As tempting as it is to opine about the Duke and Duchess of Sussex, and the Oprah Winfrey soap opera, there are rather more important things going on than the…
Wheaton enjoys record 2020 revenue of $1.1B
Wheaton Precious Metals enjoyed record 2020 revenues of $1.1 billion (all figures are U.S. dollars) with 627,063 oz. gold-equivalent sold. The figure includes sales of 367,419 oz. gold, 22,9 million…
Europe lagging behind in battery metals production – report
According to Aperio Intelligence, Europe’s own supply is unlikely to meet the demand driven by the e-mobility sector by 2025.
Cumbria coal mine on hold after UK Gov’t calls for public inquiry
A public inquiry will be held into plans for the UK’s first deep coal mine in 30 years after government U-turn.
NGOs criticize LBMA’s gold sourcing program
Advocacy groups said the London Bullion Market Association is failing to ensure that only responsibly-sourced, conflict-free gold is traded worldwide.
Resource nationalism surge spells rough times for miners
Resource nationalism has spiked in more than 30 countries over the last year and more than half of those nations are key producers of minerals and hydrocarbons, a new study reveals….
Petra sells 299 carat diamond for $12.18 million
Petra Diamonds (LSE: PDL) has sold a 299.3 carat diamond recovered in January at its iconic Cullinan mine, in South Africa, to Belgium-based Stargems DMCC for US$12.18 million. The exceptional Type 11a…
Rio Tinto chairman to step down over caves blast scandal
Simon Thompson is the latest high-profile departure linked to the miner’s destruction of ancient rock shelters in Western Australia.
Dundee Precious Metals releases PFS on US$211M open pit mine at Timok
Toronto-based gold and copper producer Dundee Precious Metals (TSX: DPM) has announced the results of a prefeasibility study on its Timok gold project in Serbia, as well as the decision…
Nevada is the world’s new top mining destination
Nevada replaced iron ore-rich Western Australia as the most attractive mining jurisdiction according to the Fraser Institute.
Pent-up weddings and stimulus could mean ‘generational consumer boom’ for diamonds
Global diamond production in 2020 fell by more than 20% to about 113 million carats due to planned production declines by the major producers and pandemic-related suspensions and curtailments. The…