$XAU The high prices are luring Africans into prospecting for gold. Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates(UAE) a gateway to markets in Europe, the United States and beyond. Customs data shows that the UAE imported $15.1-B worth of gold from Africa in […]
The owner of the only US rare earths mine is hiring, as it looks to significantly boost production, part of a strategy to build out American refining capability after China raised tariffs on the minerals during this escalating trade dispute. By next year, MP Materials will be the 1st company to refine rare earths since […]
$NGLOY Anglo American’s (OTCMKT:NGLOY) De Beers unit said Tuesday it saw rough diamond sales value rose about 10% in the 3rd sales cycle of the year on the back of stable demand. The world’s Top diamond producer by value, which reports on 10 sales cycles each year, sold $575-M in its 3rd sales cycle of […]
The world’s Top diamond producer by output, Alrosa, (MCX:ALRS) has unearthed a rough diamond weighing nearly 200 carats from its Udachnaya pipe, its largest find in more than 2 years. The 191.46-carat stone, which is white with a slight yellowish tinge, measures 40 mm by 31 mm by 20 mm. It was found earlier this month at the processing […]
Canada’s Lucara Diamond’s (TSX:LUC) New Year brought forth yet another massive find at its flagship Karowe diamond mine in Botswana. The 127 carat, Top white gem diamond, is 1 of the of 129 precious stones of over 100 carats the company has recovered at the mine since it began operations in Y 2012. That tally includes 12 diamonds […]
Kirkland Lake Gold Rebuffs Gold Field’s (NYSE:GFI) $1-4-B Offer $GFI, $KGILF, $NMKTF, $SSRI This week, South Africa’s Gold Fields (NYSE: GFI) the world’s 7th-largest bullion producer withdrew an joint offer with Silver Standard Resources (NASDAQ:SSRI) to buy Kirkland Lake Gold (OTCMKT:KGILF) after the Canadian miner rejected the bid. Gold Fields (a Johannesburg-based company) said it […]
