Lazare Kaplan International is suing a number of insurance companies for $140 million in diamond losses. Lazare Kaplan, and three other associated companies, claims that $94 million in diamonds delivered to Gulfdiam were never paid for. $60 million in diamonds were sent by Gulfdiam to Gemport were never paid for. Another $34 million in diamonds that went to A.D. Middle East FZE and Overseas Hong Kong Ltd were “lost,” according to a court filing.
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CHARLESTON, W.Va. – Patriot Coal says it’s completed a $250 million debt offering. Patriot says the offering of 8.25 percent notes closed Wednesday. Patriot plans to use the proceeds for working capital. Among other things, that could include investing
The Pessamit Innu community in Quebec’s North Shore region has reached what it is calling a historic agreement for mining development on its ancestral lands. The agreement with St-Georges Platinum Ltd., Litewave Corporation and Argex Silver Capital,
Photo: Controled Demolition Inc. Before Photo: Controled Demolition Inc. After With cracks as sharp as the frozen Arctic air, a 1,375-ft-tall steel communications tower in Port Clarence, Alaska, was demolished on April 28, the first step in the
TORONTO (miningweekly.com) – Tye Burt, the CEO of Toronto-based gold-miner Kinross, was not giving anything away on Wednesday about his plans for a 9,4% stake in West Africa-focused Red Back Mining, announced late the previous day.’It’s too early to
La Libertad and Ancash, northern Regions of Peru, were the leaders of the national production of gold and silver respectively in the first quarter of the year 2010, reported the Chairman of Gold Committee of the National Society of Mining, Oil and Energy (SNMPE), José Miguel Morales.
Audio slideshow and article courtesy of NRDC
The Environmental Protection Agency on Tuesday proposed regulating coal ash, possibly as a kind of hazardous waste, while phasing out wet storage impoundments. It would allow coal byproducts to be used in concrete, wallboard and other building materials.
COAL & Oil Co has concluded a long-term shipping contract with STX Pan Ocean to feed a power plant planned in the Indian city of Tuticorin. The 10-year contract was signed yesterday and is estimated to be worth $150M. STX will deploy two or three geared
TSX-V: RES VANCOUVER, May 5 /CNW/ – Rare Element Resources Ltd. (TSX-V: RES) (“Rare Element” or the “Company”) is pleased to announce the appointment of Dr. Tony
For some five centuries the River Danube formed an essential part of ancient Romes northern border against the barbarian tribes of Germania. The Austrian Mints new silver series called ‘Rome on the Danube’ breathes life back into the ruined remains of
India gold buying retreated on Wednesday afternoon as a weak rupee made the dollar-quoted yellow metal expensive, despite a pick-up earlier in the week when prices tumbled from a five-month high. “I did more than 150 kgs yesterday at about USD 1,175 (an
Rio Tinto has shelved plans to spend $11 billion expanding its iron ore operations in Western Australia. An official audit has cast doubt over Kevin Rudd’s claim to have saved Australia from recession by building school halls. The school halls being
Colombia is well placed both geographically and structurally as far as the coking coal market is concerned With the recent London Mining (AIM: LOND) acquisition of the remaining 80% of the Colombian coal producer International Coal Company (ICC),
-1.67% LONDON (SHARECAST) – Though tomorrow is the day of the UK General Election all eyes were on Greece today, as at least three people were reported dead as violent protests erupted in central Athens against the planned introduction of austerity
Business Financial Newswire – London Mining has completed the acquisition of the 80% of International Coal Co that it did not not already own. London Mining has issued 3.5 million shares that form part of the initial consideration. Story provided by
ST. LOUIS, May 5 /PRNewswire-FirstCall/ — Patriot Coal Corporation (NYSE:PCX – News) today announced that it has closed its public offering of $250 million of 8.25% Senior Notes due 2018 (the ‘Notes’). The Notes were issued at a price of 99.279% of
Source: Karen Roche of The Gold Report 05/05/2010
http://www.theaureport.com/pub/na/6221
Talking heads are waxing enthusiastic over signals that the recession is receding, but debris from the derivatives debacle won’t go away without a total financial system collapse, according to 321gold.com founder Bob Moriarty in this exclusive Gold Report interview. “Nobody and nothing is going to stop it from [...]
In the decades that preceded Greece’s adoption of the euro in 2001 the country papered over its chronic inefficiency and lack of competitiveness with its northern neighbors through regular devaluations of its currency, the drachma. But as a prerequisite to join the Euro Zone, the dominant powers of the Continent, most notably Germany, required financial [...]
Another choppy and volatile day as investors experience a wild roller-coaster ride in the gold.
The Globex (electronic market) covered a $20+ trading range as European Union uncertainty continues to fuel the global markets. This uncertainty has been the driving force in the recent appeal and rising prices in the gold as investors have chosen [...]
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