Net polished diamond imports into the U.S. rose by 298.5 percent to $327.7 million in March, underscoring the revival of polished diamond trading in the U.S. Gross imports rose to $1.55 billion, an 84.8 percent year-over-year increase.
View full post on MINING.com News
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
PETALING JAYA – Selangor-owned sand mining company Kumpulan Semesta Sdn Bhd (KSSB) said Kapar MP S Manikavasagam’s allegations against the company were “irresponsible and vicious lies”. In a statement today, the company denied the allegations and
The latest jobs data from the ABS showed a surge in full-time positions and fuelled a rally on the Australian Securities Exchange. Source: Bloomberg THE Australian sharemarket was firmly in positive territory at the close of trade today, on the back of
North American stocks fell at the start of trading on Thursday, with weak commodity producers and U.S. financials weighing on indexes. The Dow Jones industrial average fell 9 points or 0.1 per cent, to 10,888. The broader S&P 500 fell 2 points or 0.2 per
Javier Blas and Jack Farchy, FT.com (FT)Gold prices hit an all-time high as demand surged to the highest level since the collapse of Lehman Brothers in 2008 amid volatile financial markets in Europe. Spot gold in London surged to above $1,230 a troy
HDFC Bank, which is getting into silver bar retail, is aiming to sell about 150 kg of precious metal on Akshaya Tritiya (May 16). The bank aims to sell a total of 100-150 kgs of silver bars through 80-85 of its branches spread over 21 cities, HDFC Bank
Gold firmed near a record high reached in the previous session, while the world’s largest gold-backed ETF reached an all-time high on Thursday as investors continued to worry that attempts to contain the euro zone debt crisis would either fail or stoke
Construction of an anode pallet storage building, sized 50 metres by 250 metres is slated to begin this month. Photo courtesy of Rio Tinto Alcan others also read… Kitimat Sentinel BC North Updated: May 12, 2010 8:53 AM So far, so good. That was the
* Gold seen on upward track, risk aversion persists * Gold priced in sterling, euro hits a record high (Adds comment, updates prices) LONDON, May 13 (Reuters) – Gold steadied on Thursday, but analysts expect the precious metal to extend gains to new
LONDON (Commodity Online):The 12-member Organization of the Petroleum Exporting Countries’ (OPEC) crude oil production output averaged 29.21 million barrels per day (b/d) in April, 90,000 b/d lower than the 29.3 million b/d estimated for March, according
Order free …
Arch Coal, Inc. (NYSE: ACI) today announced that its Cumberland River Coal Company as well as Surface Supervisor Wayne Smith earned Virginia state environmental awards for outstanding reclamation efforts. Cumberland River’s Pardee surface mine was
The mining companies BHP Billiton and Xstrata have both said that Australia’s proposed 40% resource super profits tax has cast doubt on the continuation or expansion of their exploration and investment in the country’s mining industry. Xstrata
Universal Gold Mining Corp. (formerly Federal Sports & Entertainment, Inc. (OTC Bulletin Board: FEDS), the “Company”) is pleased to announce that FINRA has approved the Company’s name change to Universal Gold Mining Corp. effective May 12, 2010, and that
Aluminium stocks are looking a bit battered but, does this represent a buying opportunity or further reason to avoid them?
trial of Canadian producer Syncrude for the deaths of 1600 ducks in a tailings pond at the Aurora oil sands deposit in Alberta has ended, with the company’s defence lawyer arguing that the company did nothing wrong. The judge’s verdict will be handed
Western Australia’s Premier Colin Barnett who runs the only Australia State conservative government has fired a broadside at Canberra
While gold bugs are excited about the latest price rises and predict more of the same, Indian demand remains a cautionary factor.
You cannot eat it and it pays no interest, but you can gamble with it and try to make your fortune. The reality is, most people who speculate in gold will lose their shirt, while a few people, who feed intellectual propaganda to the media, will be laughing all the way to the bank with a fortune in the currency they are telling people is going out of fashion.Gold does have some industrial uses. It is also used for jewelry and cosmetic teeth fillings. In my humble opinion, if it only traded on supply and demand basis, the price would be somewhere around $300 an ounce, given the state of world economies. As I write these words, gold is trading at $1230 an ounce 300% more than the supply/demand may be worth. »
- Athabasca Oil Sands Corp. (TSX:ATH) (‘AOSC’) announces that it has filed its 2010 first quarter financial statements and management’s discussion and analysis for the three month period ended March 31
The Gold Report submits: “We’re heading toward government devaluing its currency to devaluate its debt in order to survive. That means you need to protect yourself. You can’t just have savings accounts paying no interest. You need to go and buy gold,” says Bud Conrad, chief economist with Casey Research, in this exclusive Gold Report interview. Despite the grim outlook for the U.S. dollar and other paper currencies worldwide, Conrad believes he and other speakers at the recent Casey Research 2010 Crisis and Opportunity Summit have information you need to both prosper and protect yourself during the coming economic storm.TGR: Today we are talking with Casey Research Chief Economist Bud Conrad who recently presented a riveting talk during Casey Research’s 2010 Crisis and Opportunity Summit. Here are four major points from his talk:The world economy is in a calm between a credit crisis turning into a currency crisis as the collapse of the private debt bubble is replaced by a government debt bubble that will also collapse.The world is at a point of no return for government debt as debt-to-GDP approaches 100%. When debt becomes too big, governments cannot control the interest rates and currency. The lead warning is Greece, much the same as Lehman Brothers was in the credit bubble crisis.Peak oil. The wealth of humanity has been built on energy. Half the world’s conventional oil supply is already used. That means that the quantity of oil produced each year will not increase much from the current level even as demand from developing countries like India and China increases. Wars over oil have already started. Energy prices will rise. We will see a substantial rise in the cost of food, as food production requires energy.The U.S. can prosper and stay ahead of the rest of the world by developing and investing in three forms of technology—the Internet and cell phones, new medicines through biological breakthroughs and new sources of energy. All are good investment opportunities and are necessary for human expansion.TGR: What lens were you using as you developed these themes? »