martes, 10 de octubre de 2017

Move over gold, diamonds may become one of the greatest safe-havens

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Mining News Digest
Wednesday 11 October 2017
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The Singapore Diamond Investment Exchange (SDIX) has launched a new investment-grade, standardized diamond product to rival gold as a safe-haven asset.

Ongoing concerns that looming steel production cuts in China on environmental grounds will sap steel mill demand continue to weigh on prices.

Company expects the full permitting process to be completed by December.

The company says that labour disruptions in South Africa and the confiscation of a parcel of diamonds by the Tanzanian government are to blame.

While OPEC mulls over further steps to once again support falling oil prices, tech startups are quietly ushering in a new era in oil and gas: the era of the digital oil field.

The main mystery on the company's vast Back River property may be just how many high-grade ounces are buried under the Arctic tundra.

Lately I've been seeing more and more headlines asking whether cryptos are "killing" gold. Would the gold price be higher today if massive amounts of money weren't flowing into bitcoin?

The LME expects three more clearing members to join its precious metals contracts by year-end.

Representatives from Elliott have in the last month met with major BHP investors based in London, South Africa and Australia to lay out the activist fund's arguments for an overhaul of the miner.

Proposal sought to raise hundreds of million of dollars in additional taxes on gold mining, but industry warned the step would spark job losses.

Oreninc Index falls as financings dwindle.

Higher purchases by India, the world's second-biggest consumer, could lend support to global prices that are trading near their highest level in a week.

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