Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
RAPAPORT... De Beers' rough-diamond sales slowed in January as adisappointing holiday season piled further pressure on the midstream. Proceeds fell to $505 million at the first sales cycle ofthe year, 25% lower than the $672 million it sold a year ago, the companyreported Tuesday. January is typically one of the biggest sales periods of theyear for rough, as retailers and dealers restock aft...Read More
Most base metals prices on the Shanghai Futures Exchange saw a slightly negative bias during Asian morning trading on Tuesday January 29 as market participants awaited the outcome of the US-China trade talks on January 30-31, although tin bucked the trend amid ongoing supply concerns. Among the complex, tin was the only metal that managed to record some gains. "Investors are faced with a plethora...Read More
(IDEX Online) - A rough diamond weighing almost 200 carats was mined at the Udachnaya kimberlite pipe in mid-January 2019, said diamond giant ALROSA. The gemstone had dimensions of 40x31x20 mm and a weight of 191.46 carats. It was extracted at the processing plant N12 of Udachny mining and processing division. The mined diamond is transparent, with a slight yellowish tinge. "Such lar...Read More
(IDEX Online) - The Bharat Diamond Bourse (BDB) announced the 2nd season of Bharat Diamond Sports League (BDSL Season -2) on 17th January at the Convention Hall, Bharat Diamond Bourse. The Bharat Diamond Sports League is an initiative taken by the Bharat Diamond Bourse to bring its members closer via sporting activities. Anoop Mehta, president of BDB, welcomed all the 13 participati...Read More
Quebec diamond miner Stornoway Diamond Corporation has appointed Patrick Sévigny to the position of VP for operations, effective immediately.With more than 25 years of experience in the sector, mining engineer Sévigny joined Stornoway in January 2015 as manager of mining operations at the Renard mine.AdvertisementTo watch Creamer Media's latest video reports, click here Advertis...Read More
RAPAPORT... Petra Diamonds' shares fell more than 15% in early trading Monday after theminer reported a significant slide in rough-diamond prices at its flagshipCullinan asset. The average price plunged 31% to $96 per carat at the miner'sSouth African asset in the first fiscal half ending December 31. That compares with an average of $140 per carat for the nine and a half years spanning July...Read More
Diamond producer De Beers on Tuesday reported that rough diamond sales in this year's first sale cycle had reached $505-million.This is $167-million less than the $672-million earned in the first sales cycle of 2018. Sales in the previous cycle – cycle ten of 2018 – reached $544-million.Advertisement“Rough diamond sales during the first sales cycle of 2019 were lower than th...Read More
Russia's Magnitogorsk Iron & Steel Works (MMK) reduced its export sales in 2018, redirecting shipments to the home market instead, the company said on Friday January 25.In 2018, the company cut exports by 15% year-on-year, to 2.38 million tonnes. Among this tonnage, around 1.95 million tonnes, or 82%, was related to shipments of hot-rolled coil (HRC), a source inside the company told Fastmarkets.F...Read More
LSE-listed Petra Diamonds delivered solid production, along with a “continued improvement” in its safety performance, in the first half of the 2019 financial year.CEO Johan Dippenaar on Monday said the mining company, which operates the Cullinan, Finsch and Koffiefontein mines, in South Africa, and the Williamson mine, in Tanzania, was “seeing production reaching consistent leve...Read More
Rebar suppliers to Russia's Central Federal District, the major steel-consuming region in the country, have cut their prices because demand in the secondary market remains seasonally weak. Fastmarkets' weekly price assessment for the domestic 12mm A500C rebar in Russia, including 20% VAT, was 33,700-33,800 roubles ($510-512) per tonne cpt Moscow on Monday January 28 , down from 35,000-35...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebarOman, export, rebar, offered at $500-510 per tonne cfr, to the...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transactions: HRC, CRC, HDGHot-rolled coilIndia, export, hot-rolled coil, offered at $520-525 per tonne cfr, to Saudi Arabia.China, export, hot-rolled coil, offered at $510-515 per...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBilletOman, export, billet, offered...Read More
Mining companies need to determine how to operate in a market that is also characterized by rising stakeholder demands, a widening talent gap, dwindling access to key inputs such as energy and water, and a Chinese economy growing at under 7%, rather than 12%, just to mention some challenges. (Image courtesy of Codelco | Flickr.)2019 could go down in history as the year mining companies stopped anc...Read More
"Tshisekedi would be a relatively positive figure for mining investment"SPONSOREDverisk maplecroftGolden Mile positioned for successSPONSOREDgolden mile resourcesCardinal advances at pace in Ghana SPONSOREDcardinal resourcesRevised Leonora PFS is next for KinSPONSOREDkin miningThe project ranks among the biggest undeveloped copper-gold-molybdenum deposits in the world and has collectivel...Read More
The import price for steel billet in the United Arab Emirates increased this week on higher offers, sources told Fastmarkets on Tuesday January 29.Domestic rebarLocal rebar producers in the UAE announced reduced prices on January 21 for material to be shipped in February.The country's largest producer, Emirates Steel, was offering rebar at 1,845 dirhams ($502) per tonne ex-works, while Conares Ste...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resourcesThe 10,000 tonnes per month front-end of the plant, including two crusher units, screens, ball mill and conveyors, was commissioned in December, and the back-end is expected to be commissioned nextRead More
Bias...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.Subsc...Read More
Eyeing US-China trade talks to provide...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Aluminium In last week’s report we noted that...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download th...Read More