Monday, December 21, 2015

Fission Uranium Corp.- FCU.t

Fission Uranium Corp.- FCU.t is a Canadian-based uranium exploration company operating in Canada's Athabasca Basin. In December 2013, Fission Uranium consolidated 100% ownership of the PLS Property, where a high-grade uranium discovery was made in 2012.

On December 21, 2015 the company released News

"FISSION URANIUM CORP. ("Fission" or the "Company") (TSX:FCU)(OTCQX:FCUUF)(FRANKFURT:2FU) today announced that it has entered into a binding letter of intent ("LOI") with CGN Mining Company Limited ("CGN Mining"). Pursuant to the agreement, Fission and CGN Mining have agreed to proceed towards a CDN$82,226,059 private placement (the "Offering") in which CGN Mining would make a strategic investment in Fission which will result in CGN Mining owning approximately 96,736,540 common shares of the Company plus an additional number of common shares equal to 19.99% of the number of common shares issued by Fission prior to the closing of the Offering pursuant to the exercise of outstanding convertible securities of the Company (the "Subscription Shares"). The Subscription Shares will be issued pursuant to a subscription agreement between Fission and CGN Mining (the "Subscription Agreement") at a price of CDN$0.85 per Subscription Share on a private placement basis. The Subscription Shares may not be traded for a period of four months plus one day from the closing of the Offering.

Fission and CGN Mining have also agreed to proceed towards entering into an offtake agreement pursuant to which CGN Mining will agree to purchase uranium production from the Company's PLS Property (the "Offtake Agreement"). The Offtake Agreement and the Subscription Agreement, are referred to as the "Transaction Agreements".

Dev Randhawa, Chairman and CEO, of Fission Uranium, commented,

"This is an historic moment for Canada's uranium industry. It is the first time a Chinese company has invested directly in a Canadian uranium company. We are thrilled that CGN Mining has chosen to invest in Fission, PLS and the Triple R deposit. CGN Mining's understanding of the uranium business is superb and we are excited at the opportunity to work with them. CGN Mining's knowledge and expertise will be invaluable as we progress PLS and add to shareholder value."

Mr. Xing Jianhua, Chief Financial Officer of CGN Mining, said,

"CGN Mining and Fission Uranium have worked hard together to forge this partnership. Both companies have a strong drive to cooperate and achieve the synergy which will result in sustained, mutual benefit."

CGN Mining Company Limited ('CGN Mining') is an investment holding company listed on Hong Kong Stock Exchange (HKSE) and mainly engaged in the trading of natural uranium. In order to become a resource development and energy services company with a focused business with clear development direction, and assets with high sustainability, CGN Mining acquired 100% equity interests in Beijing Sino-Kazakh Uranium in 2014."




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Tuesday, December 8, 2015

Sotheby's Magnificent Jewels - New York

A sensational and historic diamond necklace created by Van Cleef & Arpels in 1939 for Queen Nazli of Egypt leads the sale of Magnificent Jewels in New York on December 10th.

Also featured are jewels by Suzanne Belperron, Art Deco Cartier and Mauboussin designs, and an exciting group of Bulgari jewels acquired in Rome in the 1960s-70s. The sale is further highlighted by one of the finest Kashmir sapphires to appear on the market and several important D color diamonds, all from private collections.

Sunday, December 6, 2015

RM Sotheby's Arizona 2016

1966 Alfa Romeo Giulia Super 'Polizia'
The collector car auction season starts with RM Sotheby’s returning to the Arizona Biltmore Resort & Spa in Phoenix on January 28–29 for its 17th annual Arizona sale. The two-day auction will present more than 100 blue-chip automobiles from the world’s most iconic marques.

The vehicles span the spectrum, from pre-war classics through to important sports and racing cars and contemporary supercars.

1965 Ferrari 275 GTS by Pininfarina

1988 Ferrari 328 GTS
RM Sotheby’s (formerly RM Auctions) is the world's largest auction house for investment-quality automobiles.
1974 Ferrari Dino 246 GTS by Scaglietti

1968 Alfa Romeo Gran Sport Quattroruote by Zagato

1942 Cadillac Series 60 Special Town Car by Derham

1937 Cord 812 Supercharged Phaeton

1956 Jaguar D-Type 'Long Nose'

1957 Mercedes-Benz 300 Sc Cabriolet A

1988 Porsche 959 'Komfort'

1968 Porsche 911 S 'Soft Window' Targa

1933 Packard Twelve Convertible Victoria

1966 McLaren M1B Can-Am

1970 Maserati Ghibli 4.9 SS Coupe

Saturday, December 5, 2015

'Crimson Flame' Ruby sets new auction record

Christie’s sold an “exceptionally rare” Burmese ruby for $18m (HKD 142m) at its Magnificent Jewels auction in Hong Kong, setting a world auction record for a ruby of $1.2 million per carat. The 15-carat “pigeon’s blood” gem surpassed its high estimate of $15 million.

In addition to the ‘The Crimson Flame,’ Christie’s also sold the flawless ‘Afghan Emerald’ for $2.2m, the highest-ever auction price for an Afghan emerald.

Christie’s sold a 120-carat Burmese ruby and diamond necklace for $13m in June, setting a world auction record for a ruby necklace.
Christie’s sold 80 percent by lot and 83 percent by value at the event, attracting 160 buyers from 16 countries. The auction of 320 lots took in $96.9 million.

7.53-carat pear-shaped Fancy Intense pink diamond flanked by half-moon white diamonds. $6.3m

A two-strand jadeite bead necklace with a diamond clasp by Cartier sold for $7.5m, well above its 4.8m estimate

Tuesday, December 1, 2015

World's Top Diamond Mines

ALROSA has 10 primary diamond mines, 10 alluvial mines, and 2 mines in development in Russia. The company also holds a 32.8% stake in the Catoca mine in Angola. ALROSA’s mines represent 8 out of the top 15 largest producing diamond mines in the world in terms of carats produced. Jubilee and Nyurbinskaya mines produced over 9 million carats in 2014 making them the fourth and fifth largest projects in the world.
1.) Jwaneng : Botswana. It is owned by Debswana. (50% DeBeers, 50% Botswana government) Jwaneng is the second largest diamond mine in Botswana and is nearing completion of the Cut-8 expansion, which will extend the mine life to at least 2025. Cut-8 will provide access to approximately 95 million carats of high quality diamonds, making Jwaneng the most valuable diamond reserve in the world. Jwaneng produced over 9 million carats of diamonds worth $1.3 billion in 2014.
>2.) Argyle : Australia. The Argyle mine in northwest Australia is owned and operated by Rio Tinto. The mine began production in 1985. The Argyle mine is known as the worlds largest producer of fancy coloured diamonds. It produced 12.6 million carats in 2014, making it the second largest diamond mine in the world in terms of carats produced.

The recent move to full underground mining will extend the mine life to at least 2019.
3.) Orapa : Botswana. Orapa is Debswana-owned. Botswana’s Orapa mine was the worlds largest diamond mine in terms of total value of carats produced in 2014. Orapa is estimated to be the worlds largest by value, estimated to produce $1.9 billion worth of diamonds. In 2014 the Orapa mine produced about 12.9 million carats.
4.) Catoca : Angola. The Catoca Mine is owned and operated by Sociedade Mineira de Catoca, a joint venture of the state-run mining company Endiama (32.8%), Russia-based diamond producer Alrosa (32.8%), China Sonagol (18%), and Odebrecht Mining (16.4%).

The mine went into production in 1997 and is expected to produce 60 million carats over its lifetime, about 35% of which are gem quality.
5.) Diavik : Canada. The mine is owned by a joint venture between the Harry Winston Diamond Corporation and Rio Tinto Group. The mine consists of three kimberlite pipes associated with the Lac de Gras kimberlite field and is located on an island 20 km2 (7.7 sq mi) in Lac de Gras. It is about 220 km (140 mi) south of the Arctic Circle. The Diavik Mine has 39.6 million carats of proven reserves and 13.7 million carats of probable reserves.
6.) Venetia : South Africa. The Venetia mine is owned and operated by De Beers. The open-pit mine began production in 1992 and now produces about 40% of South African total diamond production.

The mine produced over 3.5 million carats in 2014 with production valued at over $500 million.

7. Ekati : Canada. The Ekati mine is 80%-owned by BHP Billiton. The mine began operations in 1998. As of January 31, 2015, the Ekati Mine had 20.2 million carats of probable reserves in the Core Zone and 85.6 million carats of probable reserves in the Buffer Zone for a total of 105.8 million carats. The Jay deposit at Ekati has the potential to extend the mine life approximately 10 to 11 years beyond the current projected closure in 2020.