Oct 31 (Reuters) - Singapore Technologies Engineering Ltd STEG.SI :* UNIT TO DIVEST LEEBOY INDIA CONSTRUCTION EQUIPMENT PRIVATE TO POLYHOSE INDIA PRIVATE LTD FOR $1.05 MILLION Read More
Oct 31 (Reuters) - The rift between India's central bank and the government has widened and could lead to the Reserve Bank of India (RBI) governor considering resignation, CNBC TV18 reported https://twitter.com/CNBCTV18Live/status/1057445750441820160 on Wednesday, citing sources.There has been an irreversible breakdown between the RBI Governor Urjit Patel and the government, the media said, adding...Read More
Oct 31 (Reuters) - Indian shares clawed back earlier losses to end higher on Wednesday, bolstered by a rally in financial stocks after the country's government stressed that the Reserve Bank of India has autonomy, calming investors worried about a growing public rift with the central bank.The broader NSE index .NSEI ended 1.85 percent higher at 10,386.60, while the benchmark BSE index .BSESN close...Read More
Walter Coles Sr. stood on a hill overlooking the Virginia pasture land that his family has farmed since it was deeded to them by Thomas Jefferson, motioning with a sweep of his hand to the expanse of radioactive treasure buried below."There's uranium everywhere," Coles said of fields that had once been filled with tobacco. The mine would bring hundreds of jobs and tax revenue to an area that's ye...Read More
China National Nuclear Corp (CNNC) is looking to invest in overseas uranium mines to secure supply for an expected ramp-up in China's nuclear power generation, a senior company executive said on Wednesday.China and Japan have been ramping up nuclear power as an alternative to fossil fuels, and rising demand could pull uranium out of a years-long slump that has seen a swathe of projects put on care...Read More
* Q2 net profit 13.43 bln rupees vs 12.68 bln rupees est.* Expenses rose 11.4 pct in the qtr* Q2 rev from ops up 5.2 pct (Adds details, background)Oct 31 (Reuters) - Indian miner Vedanta Ltd VDAN.NS reported on Wednesday a 34 percent fall in second-quarter net profit, hit by lower revenue from its zinc operations, rising costs and the shutdown of a smelter in southern India.The Indian unit of dive...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.India's renewables target of 175 GW capacity (100 GW of solar and 75 GW of wind) by 2022 is an ambitious endeavour. Even with significant cost declines, Wood Mackenzie expects about 76% of the target to be met by 2022 and this would s...Read More
(Bloomberg) -- Glencore (LON:GLEN) Plc’s coal mining business will eclipse its copper unit next year and become the world’s biggest commodity trader’s most profitable operation.Despite making a lot of noise about its electric vehicle-focused mines such as nickel, copper and cobalt, Glencore has continued to buy more coal assets, adding rival Rio Tinto’s Australian opera...Read More
The tin premium in Europe accelerated to a 21-month high on concerns surrounding Indonesian tin supply, while premiums in the United States and in Asia were immobile on sufficient supply. European premiums at 21-month high US contracts hint at climbing premiums Asia premiums steady on abundant stocks Indonesian supply crunch lifts European premiums In Europe, the premium for 99.9%...Read More
RAPAPORT... A blue diamond ring estimated at $9 million to$12 million will go under the hammer at Sotheby's Geneva auction on November 15alongside a roster of rare colored diamonds.The rectangular-cut, 5.04-carat, fancy-vivid-blue piece is oneofthree blue diamonds set to feature at the Magnificent Jewels and Noble Jewels sale.The auction will also include earrings containing a 2.61-...Read More
RAPAPORT... Bonhams's jewelry sale in Hong Kong will spotlight a rarenecklace featuring the largest collection of chameleon diamonds offered atauction, according to the company. The piece - which will lead the Rare Jewels andJadeite sale on November 25 - includes nine diamonds weighing atotal of 13.87 carats. The necklace carries a presale estimate of HKD 1.6million to HKD 3 million ($204,000...Read More
Market participants believe that domestic prices for hot-rolled coil (HRC) in Northern Europe have 'reached bottom,' sources told Fastmarkets on Wednesday October 31.Prices in southern and central Europe remained under pressure because of slow trading, they added.Northern EuropeFastmarkets' weekly price assessment for domestic HRC in Northern Europe was stable over the week at ?,?550-565 ($625-642...Read More
Vancouver-based explorer Golden Arrow Resources (TSX-V: GRG) has entered into a Definitive Agreement with Mineria Activa SpA to acquire up to 100% of the Indiana gold-copper project in Chile. Indiana is located approximately 35 kms from Golden Arrow's new Atlantida copper-gold project.The advanced-stage gold-copper project features a near surface deposit of high-grade gold and copper vein-hos...Read More
RAPAPORT... Gemfields has recovered a 5,655-carat emerald at itsKagem mine in Zambia, it said Monday. "The discovery of this exceptional gemstone is such animportant moment both for us and for the emerald world in general," said ElenaBasaglia, a gemologist at Gemfields in London. "We are experiencing strikinglyincreased demand for high-quality Zambian emeralds from the major brands,particularly in...Read More
Africa-focused Gem Diamonds (LON:GEMD) said Wednesday it's on track to meet its long-term targets, as third-quarter production rose 27% in the three months to Sep. 30, when compared to the same period last year.The company, which has found over a dozen of huge precious rocks at its flagship Let??eng mine in Lesotho this year, now expects to recover 120,000 carats to 124,000 carats of diamonds...Read More
Swedish engineering company Epiroc announced today that it will be supporting the work of Kimberley Ekapa Mining to help digitize the company's Kimberley underground mine, located South Africa's Kimberley town and whose yearly production reached 755,645 carats in June 2018.In detail, Kimberley Ekapa wants to implement Epiroc's Mobilaris Mining Intelligence, known as MMI, to enable situational awar...Read More
RAPAPORT... Source-verification programs are poised to become a standard feature of diamond sales, with early adopters set to gain market share.The question of whether a diamond could be traced throughout the distribution chain initially met with some skepticism. Back in 2011, as rough production from Zimbabwe's controversial Marange fields was being cleared for export by the Kimberley Proces...Read More
RAPAPORT... Sears Holdings Corp. must pay suppliers for consignmentgoods its customers buy during the bankrupt retailer's closing-down sales,according to a court filing last week. Vendors, including diamond manufacturer Rosy Blue andjewelry supplier Vijay Gold Designs, had objected to the department store's previousclosure plans, as they feared Sears would sell off products they had shipped toit o...Read More
The latest news and price moves to start the Asian day on Thursday November 1.Base metal prices on the London Metal Exchange ended mostly lower on Wednesday October 31, pressured by a fresh 2018 high in the United States' dollar index. Read more in our live futures report.Here are how prices looked at the close of trading:Ternium chief executive officer M??ximo Vedoya expects steel slab...Read More
In line with its strategy of the early detection of large diamonds and reducing diamond damage, LSE-listed Gem Diamonds has approved the construction of a $3-million pilot plant, at Letšeng, in Lesotho, that will use innovative technology to identify diamonds within kimberlite ore and nonmechanical means of liberating the encapsulated diamonds.The pilot plant will be commissioned in the sec...Read More