LSE-listed Gem Diamonds has entered into a binding agreement with Pro Civil for the sale of 100% of the share capital of Gem Diamonds Botswana (GDB), which holds the Ghaghoo diamond mine, which has been on care and maintenance since March 2017.Under the share sale agreement, Pro Civil will make a one-off upfront payment of $5.4-million for the share capital of GDB. Gem Diamonds will use the s...Read More
De Beers Group Institute of Diamonds is partnering with the International Institute of Gemology in India (IIG) to deliver diamond education courses throughout that country.The IIG has been operating for more than 50 years and is entrenched in gemology and in diamond and jewellery education in India.Advertisement“As the major player in the global diamond cutting and polishing industry, India...Read More
Metals trader Trafigura has refuted claims from Iceberg Research, the analytics outfit that launched an explosive campaign against Noble Group, that it has overvalued "hundreds of millions [of dollars] in debt securities issued by an associate."Iceberg's claims - made in a report published on Wednesday June 19 - center on Trafigura's valuation of debt securities linked to its Porto Sudeste asset,...Read More
Steel producers in Turkey passed the day without any deep-sea bookings while they digested falling prices, sources said on Thursday June 20.After booking a US cargo at lower prices on Wednesday June 19, the mills went quiet in the deep-sea markets.A steel mill in the Iskenderun region had booked the US cargo comprising 18,000 tonnes of HMS 1&2 (80:20) at $278.50 per tonne and 7,000 tonnes...Read More
Seaborne iron ore prices surged further toward $120 per tonne cfr on Thursday June 20 after two of the major global miners updated shipment expectations.MB 62% Fe Iron Ore Index: $117.25 per tonne cfr Qingdao, up $3.17 per tonne. MB 62% Fe Pilbara Blend Fines Index: $116.05 per tonne cfr Qingdao, up $3.17 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $118.79 per tonne cfr Qingdao, up $2.98 per...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....Read More
Strongbow reviving age-old Cornwall tin mining traditionSPONSOREDstrongbow explorationLithium's next generationSPONSOREDneo lithiumFinally, a changed mining tech M&A landscapeSPONSOREDatricoE25 powering towards Butcherbird PFSSPONSOREDelement 25President and CEO Luis Tondo said Coro had discovered new, multiple high-grade zones within the oxide zone at surface, and for the first time was s...Read More
Prices for seaborne coking coal cargoes bound for China fell further on Thursday June 20.A shipment of a top Australian brand, scheduled for loading over July 22-31, was sold to an international trader at $203.08 per tonne cfr China, various sources told Fastmarkets.This is $2.18 per tonne lower than a transaction involving the same brand that was concluded just a week earlier.A July-loading cargo...Read More
United States-based iron ore producer Cleveland-Cliffs is prepared to export part of its iron ore output in the event that more furnaces are shut down in the country, its chairman and chief executive officer Louren??o Gon??alves said on Wednesday June 19.It has yet to experience any effects of steel production cuts, however, because they did not involve any of its clients, he said during the Steel...Read More
More dovish central bank talk, this time from the US Federal Open Market Committee (FOMC), has pumped fuel into the price rebounds in equities, bonds and the metals this morning, Thursday June 20. The FOMC left the door open for a rate cut in July.Markets had started to rebound at the start of the week on the back of optimism that a US-China trade talks may start making progress again, but pr...Read More
(Corrects number of FOIA requests in paragraph 2 to six,instead of two dozen) By Valerie Volcovici WASHINGTON, June 20 (Reuters) - A conservation group onThursday sued the Trump administration for withholding documentsrelated to its decision to cancel a 20-year ban on mining in aMinnesota wilderness area and open it up to copper production. The Wilderness Society filed the lawsuit in a Washington,...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 28 points in pre-opening trade. Investors responded to expectations for lower interest rates by the Federal Reserve. Broadly based U.S. equity indices are testing their all-time highs.Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for Weekly Initial Jobless Claims wa...Read More
Domestic stainless steel prices in China continued to trend upward over the past week, tracking the strength exhibited by nickel prices in the futures market. The Fastmarkets MB domestic price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,000-14,350 yuan ($2,027-2,078) per tonne including value-added tax for the week ended Wednesday June 19, up by 50-10...Read More
Import prices for stainless steel in East Asia were largely stable this past week despite poor demand in downstream markets amid uncertainty caused by trade tensions between China and the United States.Despite weak demand, suppliers are unlikely to reduce their asking prices in the near term, but that could change if the price of nickel continues its downtrend, a trader in East China said.The thre...Read More
Since the 1970s, relationship experts have popularized the notion of "empty nest syndrome," a term used to characterize feelings of deep sadness, angst, and loneliness parents sometimes feel when the last child leaves home.Several books and blogs have been written to help parents deal with the transition. Simon & Schuster even published a "Chicken Soup for the Soul" dedicated to empty nesters....Read More
PRIVATE BLOG – Gold & The Pop to 1397 Private blog posts are exclusively available to Socrates subscribers. To sign-up for Socrates or to learn more, please visit Ask-Socrates.com.https://ask-socrates.com/Read More
No placement agent or broker dealer participated in the offeringGross proceeds earmarked for general corporate purposes ELKO, Nevada, June 20, 2019 /PRNewswire/ -- U.S. Gold Corp. ("U.S. Gold" or the "Company") (NASDAQ: USAU), a gold exploration and development company, announced today that it has agreed to sell, in a non-brokered offering, $2.5 million in Series F Preferred units (a "Unit"), eac...Read More
The announcement came rolling from the Eccles Building at 2 p.m. Eastern...No rate hike today.Jerome Powell has decided to sit on his hands - for now.In his very words:It's important that monetary policy not overreact to any one data point... The FOMC will closely monitor the implications of incoming information for the economic outlook and will act as appropriate to sustain the expansion.That is...Read More
How far might markets plunge next time around?And will you be able to recover your losses rapidly?Answers - possibilities, rather - shortly.And is one of Wall Street's oldest chestnuts of investment wisdom tragically wrong?This question too we will tackle.But first to that vicious den of sin and iniquity - the stock market.The Dow Jones roared 353 points today. The S&P rallied 28 points and th...Read More
On June 19, Colorado School of Mines was called out as an example of an institution that is being deliberate about how it delivers value and serves students-and the world. "Thriving institutions have created a distinctive mission and focus on active engagement around priority outcomes," writes contributor Tom Vander Ark in the article, "How to Fix Higher Education." He goes on to point to Mines,...Read More