RAPAPORT... The "5Cs and 2Ts" isn't as catchy as the usual formula, but it might be a better pricing method, according to the author of a diamond-trade guide that claims the 4Cs are no longer adequate."One of the biggest misconceptions is that there are onlyfour diamond price factors - color, clarity, cut and carat weight," Ren?(C)eNewman, a graduate gemologist who last year published the third ed...Read More
Stornoway Diamond Corp. mounted a mine rescue team from the Renard mine - and they won all the awards at the 57th Quebec Provincial Mine Rescue Competition. The contest took place on May 2-4, 2019, in La Sarre, Que.The Renard team of Danny Berube, Mathieu Dresdell, Raphael Duchesne, Simon Gelinas, Fran??ois Gilbert, Guillaume Lemay, Rachel Major, Adam Paquet and Patrick Tremblay led by Yannick Sav...Read More
Cheaper hot-rolled coil cargoes from Russia and Turkey dampened import prices for the flat steel product in Vietnam over the past week, market sources told Fastmarkets MB.The Fastmarkets MB weekly import price assessment for HRC in Southeast Asia - which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam - was $530-540 per tonne cfr for the week en...Read More
RAPAPORT... Gemfields has discovered illegal miners working formodern-slavery syndicates at its Montepuez ruby mine in Mozambique, after noticing a rise in the number of deaths caused by illegal-pit collapses at the site. The miners, some of whom are juveniles, are poverty-strickenand unemployed individuals recruited by well-financed syndicate leaders ormiddlemen, Gemfields said last week. Th...Read More
ABC News reported that, despite the faster pace of economic growth, the retail sector had shed 49,100 jobs in the past 12 months. But the National Retail Federation seems to disagree. "Retail job losses appear to reflect broader changes in the economy as more Americans have shifted their spending online and stores close after decades of overexpansion. But the government figures don't tel...Read More
Trading activity in the Singapore rebar import market was tin in the past week due to an absence of Chinese participants for most of the period due to a holiday.Fastmarkets MB's weekly import price assessment for rebar into Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $505 per tonne cfr for the week to Monday May 6, unchanged from a week ea...Read More
Mountain Province Diamonds (MPVD) announced upcoming changes to its board of directors. One new board member is William Lamb, the former Chief Executive Officer of Lucara Diamond Corp. In addition to Lamb, two new directors, Tom Peregoodoff and Brett Desmond will be joining the board pursuant to election. MPVD Chair Jonathan Comerford commented: "We are very pleased to welcome Tom, William, and Br...Read More
Stornoway Diamond Corporation announced that the Renard Mine rescue team won all awards at the 57th Quebec Provincial Mine Rescue Competition. The competition took place between May 2 and 4 in La Sarre, Quebec. The Renard Mine team won all awards: Best BG4 Breathing Apparatus Mechanics; Best Theoretical and Technical Performance; Best First Aid Performance; Best Team Management; and...Read More
LONDON – Mined diamonds are less carbon-intensive than man-made, but their producers should use more green energy, according to a study commissioned by the natural diamond industry, highlighting tensions between the mined and lab-grown sectors.The US Federal Trade Commission, which investigates allegations of deceptive advertising, sent warning letters to eight lab-grown diamond companies at...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipWhite Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftThe latest assay highlights from 10 holes at the Kamoa North bonanza zone include 13.6m at 18.48% copper...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials.Latest transaction: iron oreIron oreVale, Beijing Iron Ore Trading Center (Corex), 70,000 tonnes of 65% Fe Iron Ore Carajas, traded at $109.65 per tonne cfr China, laycan May 21-30.BHP, Corex, joint cargo, 110,000 tonnes...Read More
Brazil's iron ore exports fell by 29.1% in April compared with the same period in 2018, with several of Vale's operations remaining suspended in the wake of a tailings dam breach, data released by the country's economy ministry last week showed.Brazil exported 18.34 million tonnes of iron ore last month, compared with 25.88 million tonnes a year earlier. Last month's shipments are also 17.3% lower...Read More
The seaborne iron ore pellet and concentrate markets regained some strength last week, and prices are expected to rise further this week after participants return from a break for Labor Day in China.PelletsThe weekly Fastmarkets MB 65% Fe Blast Furnace Pellet Index was at $128.18 per tonne cfr China last Friday May 3, up by $1.27 per tonne from a week earlier.Some traders received word that a carg...Read More
Nearly 1,500 delegates will descend upon Singapore this week to attend the seventh edition of Singapore Exchange's (SGX) annual Singapore Iron Ore Week.Much of the conversation at last year's event revolved around the need for suitable risk mitigation tools in the iron ore market amid wide and volatile grade differentials due to the Chinese government's environmental protection policy and robust m...Read More
Ferrous scrap will be the "next big thing" for commodity-based derivatives in Asia, according to the Singapore Exchange (SGX).It is one key commodity that the SGX is looking at to expand its slew of ferrous derivatives under the "virtual steel mill" concept, in addition to the iron ore and coking coal contracts that are already trading well on its platform, the exchange's head of commodities, Will...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 44 points in pre-opening trade. Index futures responded to a twitter comment by President Donald Trump that the tariff rate will increase next week from 10% to 25% on $200 billion Chinese goods. In addition, Trump threatened to impose a 25% tariff on additional Chinese goods valued at $325 billion. The Shanghai Compos...Read More
As we age we eventually reach our Golden Years. It's a point where we expect to do things we couldn't do earlier in life due to factors such as family, work, or financial obligations. It's a time when we hope to continue growing as individuals by pursuing personal interests, hobbies, or even second careers, as our health permits. If nothing else, old age should be a time that is worry-free, peacef...Read More
A user-friendly organizable container for prescription medication won top honors at the Spring 2019 Cornerstone Design Final Competition on May 1.Cubic Solutions won first place and $1,000 for "C3: a Convenient pill Container without Compromise" in the competition, which pits the top team from each class section of Introduction to Design at the end of every semester. The Spring 2019 design challen...Read More
Colorado School of Mines hosted its second annual Undergraduate Research Symposium on April 26, highlighting the work of 125 freshmen, sophomores, juniors and seniors. Sponsoring this year's symposium was CoorsTek, also the namesake of the CoorsTek Center for Applied Science and Engineering, where the year-end event was held. Here is a snapshot of some of the diverse research being conducted by M...Read More
High-profile investments by Agnico Eagle Mines (TSX: AEM; NYSE: AEM) in two new Nunavut gold operations will drastically alter the company's production profile with the onset of commercial production later this year. However, perhaps lost in the excitement is that its core operations in Quebec - La Ronde, Canadian Malartic and Goldex - are also expected to expand. Help on the regulatory front from...Read More