News Archives

: Category: News Archives; Created: 24 March 2021; Hits: 476

America’s Back—Against a Wall. Three problems stand athwart Biden’s plans for a rules-based international order.

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: Category: News Archives; Created: 24 March 2021; Hits: 559

March 24, 21 by

(IDEX Online) - Zimbabwe's state-owned diamond miner is reportedly "on the brink of collapse" after the country's president allowed Chinese mining giant Anjin to resume operations.

The Zimbabwe Consolidated Diamond Company is currently "facing critical challenges that severely threatened its viability," according to an investigation by the Zimbabwe Independent business weekly.

The late former President Robert Mugabe forced the closure of seven mining companies, including Anjin in 2016, and went on to merge their assets into the ZCDC.

But his successor, Emmerson Mnangagwa (pictured) reversed that move in a bid to restore productivity in the diamonds sector and develop the country's ailing economy.

The Anjin Diamond Mining Company contributed about $200m to Zimbabwe's economy before it was forced to halt operations.

Meanwhile ZCDC has reportedly stopped mining in four of its concessions and abandoned the exploration of three other sites....

Read more from our friends at IDEX

: Category: News Archives; Created: 24 March 2021; Hits: 440

The demand for gold from central banks has grown significantly. In this video, the first in a series on gold as a reserve asset, we explore central bank investment behaviours over the last 10 years. Learn more...

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: Category: News Archives; Created: 23 March 2021; Hits: 448

The Federal Reserve has taken another step forward in efforts to ensure that the financial system is protected against climate risks.

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: Category: News Archives; Created: 23 March 2021; Hits: 403

The impact should only spread from there. Which is why this jump in inflation won’t be transient as the Fed hopes. Every manufacturer with tight margins will be forced to raise and maintain higher prices. So get ready for some serious sticker shock very soon.

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Diamond News Archives

Russia and China Are Convinced That the U.S. Has Sunk into Irreversible Decline

Zimbabwe's State Miner on "Brink of Collapse"

The Demand for Gold from Central Banks Has Grown Significantly

Fed Sets up Panels to Examine Risks That Climate Change Poses to the Financial System

"Get Ready For Some Serious Sticker Shock Very Soon