NEWS
Discovery of 2 High-Grade Oxide gold Zones
Liberty Gold Corp announced additional drill
results from its Carlin-style Black Pine Property in southern Idaho, USA. Reverse Circulation drilling at Black Pine
continues to return thick, high-grade intervals of Carlin-style oxide gold
mineralization. New results reflect step-out drilling on all sides of the
Discovery 2 Zone. Exploratory holes were also drilled to the south, east and
west of the Discovery 1 and 2 Zones.
The Discovery 2 Zone continues to deliver
thick, high-grade oxide gold intercepts in drill holes. Most highlight
intercepts to date are oxide. Weighted average cyanide solubility for the
primary high-grade interval in LBP088 is 92%, for LBP090, 86%, and for LBP095,
85%.
Gold price increased 18.4% in 2019
According
to the World Gold Council, 2019 Highlights, North American and European funds
drove almost all inflows each growing 14% in 2019, SPDR Gold Shares and iShares
Gold Trust collectively represented nearly half the global inflows & Global
gold-backed assets under management (AUM) grew 37% in US dollars during the
year as a result of positive demand, combined with an 18.4% increase in the
gold price.
Global
gold-backed ETFs and similar products had US$19.2bn, or 400 tonnes(t), of net
inflows in 2019 in almost all countries, after holdings rebounded in December.2
Collective ETF holdings reached all-time highs of ~2,900t in the fourth
quarter.
Schofer New Year - new colors!
In
2020, chains and bracelets get cheerful, due to two new Pantone colors, which
come in acrylic with high abrasion resistance. Yellow Iris radiates optimism,
while Beetroot Purple surprises with a flashy hue. A strong statement for the
enjoyment of life!
Trade
Shows 2020: VicenzaOro January, IJS Hong Kong, Oroarezzo, JCK Las Vegas, VicenzaOro
September & JGF Hong Kong.
GDP India to remain at 5% during 2019-20
The
National Statistical Office (NSO), Ministry of Statistics and Programme
Implementation has released the First Advance Estimates of National Income at
both Constant (2011-12) and Current Prices, for the financial year 2019-20
along with the corresponding estimates of expenditure components of the Gross
Domestic Product (GDP).
The
First Advance Estimates of GDP have been released in accordance with the
release calendar of National Accounts. The approach for compiling the Advance
Estimates is based on Benchmark-Indicator method. The sector-wise Estimates are
obtained by extrapolation of indicators like (i) Index of Industrial Production
(IIP) of first 7 months of the financial year.
WFDB Mourns Sergey Oulin!
World
Federation of Diamond Bourses (WFDB) mourns the passing away of Sergey Oulin on
December 31, 2019 at the age of 69 years. President Ernie Blom has, on behalf
of the entire organisation, expressed sadness at the loss of a colleague and
friend.
Oulin
was the President of the Diamond Chamber of Russia and former member of the
WFDB Executive Committee (ExCo).
Diamond Prices Stable after Year
Diamond
market conditions improved in December as US and Chinese holiday demand helped
raise sentiment. Polished prices stabilized, supported by shortages of
better-quality goods. The RapNet Index for 1-carat diamonds slid 0.2% in
December and 5.3% for the full year. The index for 0.30- and 0.50-carat stones
firmed in the fourth quarter following steep declines earlier in the year.
High-end categories of 3 carats and larger remain weak.
The
market in 2019 was supply-driven, as noted in the Diamond Price Statistics
Annual Report that appears in this month’s issue of Rapaport Magazine. An
oversupply of diamonds set a negative tone, leaving the trade with numerous
diamonds that were difficult to sell. Inventory levels declined in the fourth
quarter, but there were a lot of lower-quality goods still available at the end
of December.
Golden Arrow Renegotiates Indiana Project
Golden
Arrow announces that the Company has renegotiated the terms of its option
agreement with the vendors of the Indiana gold-copper project in Chile. The
Indiana Project represents a near-term production target with upside potential,
and includes a permit for mining in the area of an historic resource with two
ramps allowing access for exploration and development.
Golden
Arrow has amended the definitive agreement with the property owner, Mineria
Activa SpA, a Chilean private equity investment management firm focused on
exploration to production-stage assets in the Mining sector. Golden Arrow now
has the right to earn 100% of the Project over a 74 month period, expiring in
December 2024 and the total cost of US$15.1 M has not changed.
BVC Wins Best Customs Broker Award
BVC
Clearance, a BVC Logistics enterprise has been awarded the Best Customs Broker
of the Year 2019 award at the 46th India Gem & Jewellery Awards (IGJA) 2019
organized by the Gems and Jewellery Export Promotion Council (GJEPC), the
highest recognition for excellence in the Gems & Jewellery industry.
Since
its inception, BVC has been a partner to the Gems & Jewellery industry,
with logistics solutions for the entire value chain. This award marks the 4th
consecutive year of BVC winning this award.
New Jersey Innovation Proof Coin
The
United States Mint started accepting orders for the American Innovation $1
Reverse Proof Coin honoring New Jersey on January 7, 2020.
The
New Jersey $1 Coin recognizes the development of a light bulb with a filament
that could last 1,200 hours. The reverse (tails) design depicts an Edison bulb
against an ornate background with the inscriptions “United States Of America”
and “New Jersey.” The obverse (heads) features a dramatic representation of the
Statue of Liberty in profile with the inscriptions “In God We Trust” and “$1.”
US China trade war plans a truce
China’s
trade delegation tentatively plans to travel to Washington for four days from
January 13 for the signing of the phase one deal that would herald a truce in
the costly trade war between the world’s two largest economies; a source
briefed on the matter has told the South China Morning Post.
Led
by Vice-Premier Liu He, the delegation had originally planned to set off
earlier in the month but had to change their travel schedule after US President
Donald Trump sent a tweet on New Year’s Eve claiming that he would sign the
deal with “high representatives” from Beijing on January 15 in the White House.