Category: Uncategorized

Kagem Mining has signed a collective agreement with unions under which unionised employees will receive a 10% increase in basic salary for 2020 and a further 10% increase for 2021.  The company is owned 75% by London-based Gemfields in partnership with the Industrial Development Corporation (IDC), which holds 25% on behalf of the Zambian Government. Kagem General Manager Prahalad Kumar Singh shakes hands with NUMAW National Treasurer Saul Simujika at the signing if the mine’s collective agreement. The collective agreement followed successful negotiations between management and representatives of the National… Read More Here

The price of the precious metal palladium has soared on the global commodities markets. It has jumped by more than 25% in the last two weeks alone, and almost doubled in value over the last year. At about $2,500 (£1,922) an ounce of palladium is more expensive than gold, and the pressures forcing its price up are unlikely to ease anytime soon. But what is palladium, what is it used for, and why is its price rising? What is palladium? It is a shiny white metal in the same group… Read More Here

SINGAPORE – Gold surged to the highest level in more than six years as fast-rising tensions in the Middle East stoked demand for haven assets, with Goldman Sachs Group saying that bullion offered a more effective hedge than oil to the crisis. Palladium extended gains to an all-time high. Bullion neared $1 600/oz as Tehran said it would no longer abide by any limits on its enrichment of uranium following the killing of General Qassem Soleimani. In addition, President Donald Trump said he was prepared to strike Iran “in a disproportionate manner” if it… Read More Here