The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
RAPAPORT... Profit at Asian Star, a Mumbai-based diamond manufacturer, grew 6% to INR 1.16 billion ($16.7 million) in thepast fiscal year, as lowerexpenses compensated for a decline in sales.Revenue, including at subsidiaries, dropped7% to INR 39.13 billion ($524.6 million) for the 12 months ending March 31, thecompany said last week. Expenses fell by the same percentage to INR 35.06billion (...Read More
RAPAPORT... Lucapa Diamond Company aims to pinpoint a huge source of rough diamonds at its Lulo mine in Angola within the next two years, it said Monday. The Australia-based miner has found high-quality stones at its alluvial deposit, including the 404.20-carat 4 de Fevereiro, the largest in Angolan history. The company believes these stones originated from a deep diamond source located within the...Read More
Export prices for Brazilian slab widened downward last week, with producers increasingly on the lookout for other destinations for their products due to shipments to the United States getting closer to exhausting their annual quota.The weekly Fastmarkets MB export price assessment for Brazilian slab was $440-520 per tonne fob last Friday May 24, compared with $510-520 per tonne fob a week earlier....Read More
RAPAPORT... India's polished-diamond exports slid 18% to $1.64 billionin April, representing the sixth consecutive month of year-on-year decline.Lower volumes outweighed a rise in the average price. Rough imports also fell,reflecting slow demand since the start of 2019.India Trade Data for April 2019 Millions unless stated otherwiseRead More
RAPAPORT... Platinum-jewelry demand grew in India and the US in 2018, as younger consumers and male buyers responded strongly to marketing campaigns,Platinum Guild International (PGI) reported. US sales at PGI's retail members grew 11% amid stronggrowth in the bridal category, and the successful use of celebrities inadvertising, the trade organization said. Sales for 2019 are expected to increaseb...Read More
RAPAPORT... India's diamond trade is in a fight with authorities overstricter customs enforcement for rough that could have a "disastrous" impact on theindustry.Companies have recently been suspected of giving incorrect values for imports or exports of rough diamonds, a senior official at the Office of the Commissioner of Customs in Mumbai reported in a note on May 4. In most of those cases, the c...Read More
IDEX has introduced BoxxStars, a new service that allows jewelry manufacturers, retail jewelers, designers and other jewelry professionals to source tailor-made order of round stars and melee diamonds. The BoxxStars Service is a new service offered by IDEX Guaranteed Diamond Transactions Network and is powered by IGI DBOX. This much awaited service brings the unmatched sourc...Read More
Israel Diamond Exchange (IDE) President Yoram Dvash led a delegation of the heads of 28 leading Israeli diamond companies to Moscow last week to meet with senior ALROSA officials. Accompanying the delegation was Israel Diamond Institute Chairman Boaz Moldawsky and Israel Diamond Controller Danny Tal. Dvash said that the delegation sought IDE's cooperation with the mining giant and to increase...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.As Indonesia heads for the polls on 17 April, Wood Mackenzie's research director Andrew Harwood provides the following commentary:"We predict that President Jokowi will once again defeat his 2014 opponent, Prabowo Subianto, and secure...Read More
In Photo: German Gemmological Association President Thomas Lind and CIBJO President Gaetano Cavalieri flanked by speakers and guests at the 7th European Gemmological Symposium in Idar-Oberstein, Germany. Seen in the photograph (from left) are: Hans Juergen Henn, Dr. Robert Chodelka, Prof. Dr. Andy H. Shen, Frank Fruehauf, Dr. Claudio Milisenda, Branko Deljanin, Dr. Thomas Lind, Prof. Dr. Henry Hae...Read More
Next week, the Responsible Jewellery Council (RJC) will return to JCK Las Vegas, one of the jewelry industry's recurring leading, annual trade events that brings together over 30,000 of the world's most influential industry professionals in a secure environment for order writing, inspiring education and networking. We have put together an exciting panel discussion with industry expert gu...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 oreRio Tinto, Global Ore, 170,000 tonnes of 62% Fe Pilbara...Read More
Australia's Danakali's (ASX, LON:DNK) said Monday it was about to close debt financing agreements worth $200 million with two African financial institutions, which will allow it fund construction and growth of its flagship Colluli potash project in Eritrea.The deals with African Export-Import Bank (Afreximbank) and Africa Finance Corporation (AFC) could be finalized "any day" and are expected to...Read More
Lithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedVimy ready for move to higher uranium groundSPONSOREDvimy resources"It's not regulation that fails, it's [the industry] as engineers and operators"SPONSOREDsrk consultingIn a translated statement issued on Saturday, the Sindicato de supervisors Codelco Norte sai...Read More
Investing for the remainder of 2019: Opportunities and Pitfallshttps://mikesmoneytalks.ca/investing-for-the-remainder-of-2019-opportunities-and-pitfalls/?mc_cid=b245e69156&mc_eid=592546b4b5 The Bottom LineMost developed equity markets in the world reached an intermediate peak on or about May 1st. Last week they continued moving slightly lower. ObservationsTechnical action by individual S&...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday May 24. ChinaExport prices in China rebounded slightly after most exporters raised their offer prices, citing a lack of silicon ore in the country's province of Xinjiang. Sources said the tightness of silicon ore in Xinjiang may be the result of environmental issues affecting mine production in the region. An increase...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday May 24. ChinaThe Chinese domestic antimony price continued its downward trajectory for a third consecutive week after some suppliers in the country slashed their prices to destock. Other suppliers were reluctant to sell of their stocks because prices had fallen below their production costs. With prices now below produc...Read More
In general, Americans are pretty fearful about retirement and it's easy to see why. So today I want to talk about seven different things that can totally derail anyone trying to work toward more financial stability in their golden years.Retirement Planning Sin #1: Counting on Social Security, Pensions, and Other Traditional PlansAt this point, I've probably written a million words on the problems...Read More
Vancouver, May 27, 2019 – PRIZE MINING CORPORATION (TSX-V: PRZ, Frankfurt: MQSP, OTCQB: PRZFF) (the "Company or "Prize") is pleased to announce that, further to its news release of May 1, 2019, it has closed the first tranche of a non-brokered private placement (the "Offering") of 25,200,000 common shares (the "Shares") at a price of $0.025 per Share for gross proceeds of $630,000.The Offeri...Read More