NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESToronto, Canada (December 17, 2018) - Mega Uranium Ltd. (MGA: TSX) is pleased to announce the closing today of the first tranche of its previously announced non-brokered private placement (the "Financing"), pursuant to which the company raised aggregate gross proceeds of $1,310,000 from the issuance an...Read More
Toronto, Canada (December 14, 2018) -- Mega Uranium Ltd. (TSX: MGA) announces that it will be restating its audited annual financial statements for the year ended September 30, 2017 (the "2017 Annual Statements") and its interim financial statements for the first three quarters of the 2016, 2017 and 2018 financial years (the "Interim Statements"). The restatements are all due to deferred tax acc...Read More
RAPAPORT... A pink diamond recently submitted to the Central GemLaboratory (CGL) in Tokyo was found to be a chemical vapor deposition (CVD)synthetic stone, treated only with Low Pressure-High Temperature (LPHT). The marquise brilliant-cut, 0.192-carat diamond is an unusualfind, as stones of this nature are generally treated with a multistep process thatfirst uses High Pressure-High Temperature (HP...Read More
RAPAPORT... Chow Tai Fook has signed a memorandum of understanding(MoU) with online giant Tencent that will enable its customers to completetransactions using WeChat Pay, the Hong Kong-based jeweler said Monday. Beginning next year, Chow Tai Fook will allow customers to payfor purchases via the app's electronic-payment platform in designated stores inmainland China. It will gradually rollout...Read More
De Beers Group is pleased to announce it has officially launched its education partnership with the National Gemstone Testing Centre (NGTC), China's leading authority in the testing and inspection of gems and jewellery, extending the accessibility of De Beers Group's diamond education courses to students in China.The partnership, which was officially launched at the Beijing Jewellery Show in China...Read More
Image: Petra Diamonds.This year will likely go down in history as the one when lab-grown diamonds, made for decades as an inexpensive alternative to mined stones for industrial purposes, finally cracked the consumer market, largely thanks to millennials' evolving shopping tastes.The entry of new actors in the synthetic sector, particularly giant producer De Beers and its Lightbox brand, has creat...Read More
(IDEX Online) -Vicenza's Museo del Gioiello, the first such museum in Italy, and one of only a few in the world exclusively dedicated to jewelry, has opened a new collection which will be on display until the end of 2020. The museum is managed by the Italian Exhibition Group SpA (IEG) in partnership with Vicenza Municipality. The opening event was attended by the Deputy Mayor of Vicenza, Ma...Read More
(IDEX Online) - Zimbabwe's Mining Minister Winston Chitando said De Beers and Vast Resources will be allowed to explore for diamonds, making them the first listed companies to mine in the country for several years. However, a spokesperson for De Beers told Reuters that it was not mining in Zimbabwe and did not intend to, while Vast Resources said it could not comment. Earlier th...Read More
(IDEX Online) - Angolan mining company Sociedade Mineira da Catoca is to invest $330 million over the next three years in large sample collection works in the area of the future Luaxe mine, according to the company's Director General Benedito Paulo. The work is due to begin in the first half of next year, with the collection of data on the quality of diamonds and their price levels, upon wh...Read More
Base metals prices on the London Metal Exchange were mostly lower at the close of trading on Monday December 17, capped by broad strength in the US dollar index while investors remain cautious ahead of the the forthcoming Federal Reserve meeting in the United States. At this week's Fed meeting, a decision on further interest-rate rises is expected. Volumes traded over the day are moderately low, w...Read More
The Ontario Securities Commission (OSC) is to hold a hearing on Tuesday December 18 to consider the approval of a settlement following an investigation into Katanga Mining Limited and several of its executives.The OSC inquiry has been investigating whether Katanga's previously filed periodic public disclosures contain statements that are misleading in a material respect, along with the adequacy of...Read More
RAPAPORT... Jewelry sales at Christie's garnered a combined $492.3million this year, driven by expensive blue and pink diamonds. The company's top-selling piece was the Winston Pink Legacy,a rectangular-cut, 18.96-carat, fancy-vivid-pink diamond, which sold in Genevalast month for $50.4 million. Other top lots for the year included apear-shaped, 8.01-carat, fancy-vivid-blue, internally flawless di...Read More
China's recycled copper production is expected to reach 3.5 million tonnes per year by 2020, up 9% from 2017, according to Zhang Xizhong, vice president of the recycling branch of China's non-ferrous metals association CNMIA.China processed about 3.2 million tonnes of recycled copper in 2017, Zhang told delegates at an annual industry conference late last week. In 2017, that recycled mat...Read More
Christian Keidel joined downstream aluminium product producer Aludium at the start of December in the role of metal management director, Fastmarkets MB understands.Prior to joining Aludium, which comprises three former Alcoa mills in Spain and France, Keidel had been in...Read More
The Comex copper price fell in morning trading on Monday December 17 amid quiet trading conditions and uncertainty surrounding the future of American monetary policy. The copper price for March settlement on the Comex division of the New York Mercantile Exchange fell 2.70 cents to $2.7355 per lb. US market participants are awaiting the Federal Reserve's Wednesday decision on another rate hike. Glo...Read More
As a result of a technical error, Fastmarkets MB's copper concentrate treatment charges (TC) and refining charges (RC) indices for December 14 were published late on the Fastmarkets price book.Fastmarkets' copper concentrate index dropped by $2.60 per tonne/0.26 cents per lb to $86.20 per tonne/8.62 cents per lb on Friday December 14 from the end of last month.To provide feedback on the delayed pu...Read More
South Korea's Public Procurement Service (PPS) has floated a tender to procure 1,000 tonnes of good western primary aluminium, according to a notice posted on the state-run agency's website on Thursday December 13.The tender seeks high-grade good western aluminium of London Metal Exchange-registered brands, excluding those from China, India, Russia and Egypt, and for shipment to Incheon port by Ma...Read More
The latest metal markets news and price moves to start the North American day on Monday December 17. Base metals price on the London Metal Exchange were mostly lower during morning trading, with most metals broadly rangebound during the low-volume morning session, while looming US-China trade tensions keep investors cautious.The three-month aluminium price consolidated lower and continues to trade...Read More
The three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Monday December 17. The exception was zinc, the price of which was up by 1.3% at $2,565 per tonne. The three-month copper price was down by $1.50 per tonne at $6,139 per tonne. Volume across the complex has been above average with 6,271 lots traded as at 7.53am London time. The preci...Read More
Prices for steel plate in the United States continued to hold their ground over the past week, while mills were hinting at another price hike in January 2019, according to market participants.Fastmarkets AMM's price assessment for cut-to-length plate was unchanged at $49.50 per hundredweight ($990 per short ton) on Friday December 14. Lead times averaged five to six weeks, sources said, with...Read More