The Antwerp World Diamond Centre (AWDC) announced it will celebrate the centennial of the "Tolkowsky cut," the famous round brilliant diamond cut that has set the global standard for quality diamond cutting. On May 27, AWDC will mark this milestone with a major event in Antwerp's diamond district. It will stage an event called "100 Years Brilliant" and also hold a street festival. Tolkowsky, a sci...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 transactions: iron oreIron oreBHP, Global Ore, 80,000 tonnes of 62% Fe Newman fines, traded at the June average of a...Read More
Iron ore prices were generally little changed on Thursday May 9, while the low-alumina Yandi fines traded actively at stronger prices.MB 62% Fe Iron Ore Index: $95.38 per tonne cfr Qingdao, down $0.19 per tonne. MB 62% Fe Pilbara Blend Fines Index: $94.06 per tonne cfr Qingdao, down $0.19 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $98.23 per tonne cfr Qingdao, down $0.06 per tonne. MB 58% Fe...Read More
Prices for seaborne cargoes of premium coking coal sold to China retreated on Thursday May 9, though sentiment among Chinese market participants remains positive, at least for the near term.A June-loading cargo of a top Australia brand was traded at $211.55 per tonne cfr China during the day, slightly lower than a transaction involving similar materials a day earlier.A Capesize cargo of another br...Read More
Chinese steel demand in 2019 will likely exceed that in 2018, according to the China Iron & Steel Association (Cisa).The growth will likely come from the housing and infrastructure markets, coupled with relatively stable demand for steel from other downstream industries, the association's deputy director Wu Jingjing told delegates at the Singapore Iron Ore Forum, the anchor event of the Iron Ore W...Read More
Chinese hot-rolled coil prices dropped further on Thursday May 9 amid thin trading, with market participants getting spooked by rising concerns over deteriorating trade relations between China and the United States.DomesticEastern China (Shanghai): 4,050-4,060 yuan ($597-599) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,910-3,920 yuan per tonne, down 10-30 yuan per tonneAlthough pr...Read More
Chinese rebar prices weakened further on Thursday May 9 after United States President Donald Trump toughened his stance against China a day earlier and threatened to begin imposing higher tariffs on Chinese products as early as on Friday.Domestic Eastern China (Shanghai): 4,060-4,100 yuan ($599-605) per tonne, down 20 yuan per tonneNorthern China (Beijing): 3,930-3,980 yuan per tonne, down 10-20 y...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsRambler's shares (AIM:RMM) jumped 40.91% Thursday to 3.88p (US5.Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsIt posted net income of $15.3 million compared to a net loss of $1.4 million in the same period of 2018 and almost 37% higher than the $11.2 million reported in the past quarter. It reported revenues of $72 million, an 81% increase over the $39.7 million achieved during the same period of 2018 but 15% lower than the $85.1 mill...Read More
White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsIron ore fine output was 11% lower on the year to 72.9 million tonnes, while pelle...Read More
Fastmarkets will host a free web seminar on Tuesday June 18 at 9.30am London time to discuss recent price moves in the cobalt market and how industry developments might affect the market going forward.Click here to register for the webinar. Date Tuesday June 18, 2019 Time 9.30am Join members of our cobalt price reporting and research team for: - An update on price assessment specifications, method...Read More
As it continues to advance the historic Keno Hill silver property in the Yukon, Alexco Resource Corp. reports a net income of $1.2 million for the first quarter of this year. In Q1 2018 the company recorded a loss of $3.6 million.The company has adopted a two phase development plan for Keno Hill. Phase one work begins this month and will focus on surface and mill capital improvements. The start of...Read More
Spot demand for cobalt sulfate in China following the Labor Day holiday (May 1-4) has been weak, with consumers continuing to conduct "hand-to-mouth" procurement, Fastmarkets learned during the latest pricing session. Fastmarkets assessed the cobalt sulfate Co 20.5% min, ex-works China price at 50,000-52,000 yuan ($7,378-7,673) per tonne on Wednesday May 8, down 1% from 50,000-53,000 yuan per...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis. The cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price is on a $ per lb basis. Fastmarkets MB prices Click here for Fastmarket MB's price assessment for cobalt sulfate, Co 2...Read More
U.S. equity index futures were lower this morning. S&P 500 futures dropped 22 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Jobless Claims was a drop to 220,000 from 230,000 last week. Actual was a drop to 228,000. Consensus for April Producer Prices was an increase of 0.2% versus a gain of 0.6% in Ma...Read More
If you're over 50, chances are the decision to retire won't be yours. A new data analysis by ProPublica and the Urban Institute found that more than half (56%) of U.S. workers over 50 have been fired, forced to retire early, or pushed out of their jobs before they were ready to retire.What's more, one third of these pushed-out workers go on to be fired from two or more jobs before leaving the work...Read More
The American Exploration & Mining Association (AEMA) has made the following statement in response to the Subcommittee on Energy and Mineral Resources Hearing discussing Rep. Ra??l Grijalva's (D-Ariz.) Hardrock Leasing and Reclamation Act of 2019:The sweeping changes in Rep. Grijalva's legislation are unnecessary and a disaster in the making for the domestic mining industry and for America.The fact...Read More
The Young Mining Professionals (YMP) is bumping up its YMP Scholarship Fund for the 2019-20 academic year for students in mining-related university programs in Canada.The YMP Scholarship Fund is a a registered charity that donates 100% of its receipts to students via this scholarship program, and is eligible to offer tax receipts to its donors. These latest scholarships are being funded by Barrick...Read More
Quebec-focused Monarch Gold (TSX: MQR; US-OTC: MRQRF) is taking a 14.2% stake in Unigold (TSXV: UGD), whose Nieta project in the Dominican Republic has an open-pit inferred resource of 39.49 million tonnes grading 1.59 grams gold per tonne for 2 million oz. gold.Monarch has acquired a block of 6.5 million Unigold shares from an investor at a price of 11.5 ? per share for $747,500, payable by the i...Read More
White Gold Corp a force in Yukon as exploration drive reaps dividendsSPONSOREDwhite gold corpWill Indonesia abandon its plan to ban bauxite exports?SPONSOREDverisk maplecroftQuality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumAltech ticks boxes on path to production SPONSOREDaltech chemicalsLast week's ‘From the Capital' column described gold as the most disappointi...Read More