Archives for February, 2020
Diamonds were first discovered in South Africa in 1867. This and subsequent discoveries dramatically increased potential supply and put downward pressure on price. In 1888 Cecil Rhodes formed De Beers Consolidated Mines with the successful objective of forming a monopoly over diamond production. Dwaneng Diamond mine in Botswana, owned 50%…
The common theme in the quotes below is that fiat currency, such as the USD, always reverts to zero value. This is surprisingly supported by central bankers themselves, as you will see below. Further, the continued issue of money, as has been the case for the last 10 years, tends…
Last week I described the relationship between gross metal value in a concentrate and the net percentage, which can be surprisingly low, of the gross that a seller will receive. You can read that article here. The following is a brief description of the forms in which copper is sold…
Many metals are concentrated after mining and the resultant concentrate is often sold to an appropriate smelter. Most concentrates comprise various sulphides, some of which carry the metal of value. Metals that are commonly sold as concentrates, often with several metals in a single concentrate, include copper, molybdenum, zinc, lead,…