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... Swiss watch exports were flat in January at CHF 1.62 billion ($1.62 billion), as a drop in orders from Chinaoutweighed solid growth in other major export markets. "The main markets reported growth, except for China, whichexperienced one of the most unfavorable base effects of the last four years," the Federation of the Swiss Watch Industry reported Tuesday. Exports to China...Read More
RAPAPORT... The average amount US couples spent on engagement rings dropped 2% in 2018, according to a survey The Knot released lastweek. While 28% of the 14,000 respondents spent more than $6,000on their ring, the national average was approximately $5,680, down from $5,764in 2017, the data showed. In 2018, "high-spenders" - those whose nuptials cost more than$60,000 - spent an average of $13...Read More
RAPAPORT... Lucapa Diamond Company has recovered a 128-carat whitediamond from its Lulo alluvial mine in Angola, the company said Tuesday. The type IIa stone, which it found at the deposit's Mining Block6 region, is the miner's 12th over 100 carats to date. Lucapa also recently unearthed a 7.5-carat, fancy-purple-pink diamond in the same portion of themine, it said. The company will likely s...Read More
Brazilian distributors' flat-rolled steel sales volumes fell by 19.5% year on year to 228,600 tonnes in January due to high inventories held by clients, figures from local flat steel association Inda show.Domestic flat steel sales had totaled 283,800 tonnes in January 2018, Inda said on Tuesday February 19.Flat steel producers made an effort to increase sales in December, leaving buyers stocked, I...Read More
Flat steel prices in the Brazilian domestic market were expected to be unchanged throughout the first quarter of 2019, according to local flat steel distributors' association Inda."I don't see room for a price increase to occur before April," Inda president Carlos Loureiro told journalists on Tuesday February 19.On the other hand, he believed that rumors of price discounts which circulated in rece...Read More
Lucara Diamond Corp. recently recovered a 223-carat, high white gem diamond, from its Karowe Diamond Mine in Botswana.This stone will be shown alongside the 240 carat and 127 carat, top white gem diamonds reported earlier this year together with other exceptional single diamonds recently recovered from Karowe, at Lucara's upcoming diamond tender closing on March 7, 2019. Eira Thomas CE...Read More
Lucapa Diamond Company, Empresa Nacional de Diamantes E.P. (Endiama) and Rosas & Petalas announced the recovery of a 128-carat diamond from the Lulo alluvial mine in Angola. The stone is the 12th +100- carat diamond recovered to date from Lulo, offering proof once again of the nature of the prolific Lulo diamond field. The diamond was recovered along with a 7.5 carat fancy purple pink gem. The...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has recovered a 128 ct diamond from its Lulo alluvial mine, in Angola.The diamond is the twelfth stone over 100 ct to be recovered to date from the Lulo operation, which continued to underline the large-stone nature of the Lulo diamond field, said Lucapa.AdvertisementThe diamond was recovered from Mining Block 6, along with a 7....Read More
Petra Diamonds has appointed Richard Duffy as CEO. He is to commence his task on April 1, 2019. The veteran, outgoing CEO Johan Dippenaar will be working closely with Duffy to ensure an efficient handover. According to a news release issued by Petra, Duffy who worked for almost three decades for Anglo American and AngloGold Ashanti Ltd., has extensive experience in both open pit and undergr...Read More
MHKA, the Museum of Contemporary Art Antwerp, is staging an exhibition called "Melancholia: The Diamond," in collaboration with Lars von Trier, Marianne Slot and Leonid Ogarev. The exhibition is inspired by van Trier's film "Melancholia" (2011) and also harks back to van Trier's days in film school when he made very first documentary about diamonds. The fascination with diamond has r...Read More
Aim- and BSE-listed exploration company Botswana Diamonds has started with the planned intensification drilling on its Thorny River prospect in South Africa, with the first four holes having intersected diamonds at predicted thicknesses and depths. The programme, which comprises the drilling of 40 reverse circulation angle percussion boreholes to a depth of 30 m is expected to be completed wi...Read More
Rebar suppliers to Russia's Central federal district, the major steel-consuming region in the country, have increased their offer prices on expectations of a seasonal rebound in secondary market demand in March.Fastmarkets' weekly price assessment for domestic 12mm A500C rebar in Russia, including 20% VAT, was 36,000-38,500 roubles ($543-581) per tonne cpt Moscow on Monday February 18, up from 33,...Read More
The price trend in the CIS export billet market reversed at the beginning of this week, going downward with buying activity in the major outlets turning sluggish, Fastmarkets heard on Tuesday February 19.This was partially due to the massive volumes of bookings done in recent weeks. Another reason, howover, was the weakening of the import scrap market in Turkey as well as lower billet prices in Ch...Read More
The price for steel rebar imported into the United Arab Emirates decreased this week in the latest deals, despite demand being stronger than in previous weeks, sources told Fastmarkets on Tuesday February 19.The reason for the fall in the rebar import price was that producers in Oman, currently the main exporter of rebar to the UAE, could not raise their prices for rebar as much as they had for bi...Read More
BHP, the world's largest mining company, has urged peers to create an independent international body in charge of overseeing the construction, integrity and operations of tailings dams, which storage mining waste, following the second collapse of a dam in Brazil in the past three years."As an industry, we now have to redouble our efforts to make sure events like this simply cannot happen," Chief E...Read More
K+S Potash Canada has again been named one of the provinces top employees. This is the sixth time and the second year in a row.President and general manager, operations Sam Farris said, "We've experienced a lot of changes moving from a project into operations, but the one constant has been our strong team. We've learned a lot together."The Bethune potash mine owned by K+S has been operating sin...Read More
The Turkish scrap import market continued to be quiet on Tuesday February 19 because of the slow rebar and billet sales in the country, sources told Fastmarkets.The mills in the country were still struggling to sell rebar and billet in both the domestic and export markets, so they were delaying their raw material purchases, Fastmarkets heard."Turkish producers were expecting to sell some rebar to...Read More
Hot metal remains the principal method of choice for Chinese steelmakers despite the recent surges in the price of iron ore, according to data from Fastmarkets research this week.The use of hot metal allows Chinese steelmakers to continue to enjoy cost savings in comparison with the use of ferrous scrap, even though production costs have increased following the rises in iron ore prices.The price r...Read More
Alderan unlocking Frisco potentialSPONSOREDalderan resources"Due to the scale of Marimaca, Berta was a distraction for us," president and CEO Luis Tondo told Mining Journal.Read More
Iron ore prices in China were up by 7% in a monthly comparison in January on restocking ahead of the Lunar New Year and the Vale dam failure that boosted seaborne prices.Read More