Steel beam prices in the domestic Northern European market edged up this week as producers continued to push for increases to offset raw materials costs, sources told Fastmarkets on Wednesday February 27.Fastmarkets' weekly price assessment for domestic S235-grade, 200x200mm, category-2 H-beam in Northern Europe was ?,?600-635 ($682-722) per tonne delivered on February 27, widening upward by ?,?5...Read More
The price for rebar produced and delivered in Southern Europe remained flat on Wednesday February 27, with "indications" of better prices to come being the best that producers can report amid disappointing demand. Fastmarkets' weekly price assessment for domestic rebar in Southern Europe was at ?,?510-520 ($580-591) per tonne delivered, flat week on week on Wednesday.Producers have raised their of...Read More
The price for rebar produced and delivered in Northern Europe remained steady on Wednesday February 27, although producers were encouraged by some moves toward higher prices within Fastmarkets' assessed ranges.Fastmarkets' weekly price assessment for domestic rebar in Northern Europe stayed at ?,?535-550 ($608-625) per tonne delivered on Wednesday, with deals toward the top of...Read More
State-owned long steel producer Emirates Steel is expecting a slowdown in the Middle East construction sector that will persist throughout 2019, chief executive officer Saeed Al-Remeithi said on Tuesday February 26.Al-Remeithi was speaking as the company released partial production results for 2018. He said that he expected the slowdown in the regional construction industry this year because of in...Read More
RAPAPORT... Sterling Jewelers has reached a mutually agreeable settlementwith Alex and Ani after a yearlong dispute over a supply deal. Judge Sara Lioi dismissed the case without prejudice,according to a February 14 motion Sterling, a division of Signet Jewelers, filedin an Ohio court. The companies will beartheir own legal costs. "The matter was resolved and settled to the parties' mutualsa...Read More
RAPAPORT... Michael Hill's sales fell 2.7% in the first half of its fiscal year due to the lingering impact of a discounting policy that it has been working to abolish, the company said. Group revenue dropped to AUD 315.4 million ($226 million), thejeweler reported Wednesday. During the first four months of the period endingDecember 31, the jeweler suffered from a marketing strategy featuring...Read More
RAPAPORT... Revenue from Rio Tinto's diamond division slid 1.6% to $695million in 2018, the miner reported Wednesday. The diamond unit's profit rose 28% to $118 million, whileearnings before interest, tax, depreciation and amortization (EBITDA) increased4.9% to $301 million. Diamond production fell 15% to 18.4 millioncarats for the year, with output slipping at both its mines. Carat recovery...Read More
Finestar, an Indian diamond manufacturer and trader that recently acquired De Beers Sightholder status, has launched its proprietary Finestar X-ray diamond imaging software. Finestar's X-ray imaging program shows the internal framework of the given diamond. Technically speaking, it is the digital image overlapping the plotting image of a diamond grading report that shows the exact position of the...Read More
QMC Quantum Minerals (TSXV: QMC; US-OTC: QMCQF) has visually identified spodumene in the first diamond holes it has drilled into its Irgon lithium project in the Cat Lake-Winnipeg River rare-element pegmatite field in southeast Manitoba.The company is currently amid phase one of a two phase drill program at Irgon, designed to confirm and expand the project's historical resource that Lithium Corpor...Read More
BeckyStone,Diamonds in the Library founder and CEO:Modern jewelry loverswant to put their money toward pieces they can connect with, that make astatement about who they truly are. Charms offer that personal connection likenothing else, and that's why charms - from medallions and monograms to vintageand newly minted figurals - will reign supreme in 2019. In the past few years,designers have realize...Read More
De Beers has appointed Nompumelelo (Mpumi) Zikalala as Managing Director of De Beers Group Managed Operations, the company that comes instead of De Beer Consolidated Mines (DBCM). Mpumi, currently Deputy Chief Executive Officer at DBCM will take responsibility for the restructured entity that includes the Venetia Mine (South Africa), the Gahcho Ku?(C) Mine (Canada) and De Beers Marine. She is to s...Read More
RAPAPORT... Trans Atlantic Gem Sales (TAGS) sold a record $50.1 millionworth of rough diamonds at a tender in Dubai earlier this month, it saidMonday. A total of 79,213 carats of high-quality stones from minesin South Africa, Angola and Namibia yielded an average price of $633 per carat.The sale included a number of large, single stones and exceptional specials,the company said. "TAGS has se...Read More
JOHANNESBURG (miningweekly.com) – De Beers Group has announced an initiative to consolidate its mining assets in South Africa and Canada into one business called De Beers Group Managed Operations.The new business will streamline operational management and identify synergies to create a more sustainable business in the two countries.AdvertisementDe Beers Group Managed Operations will focus o...Read More
Toronto-based Mountain Province Diamonds has begun the winter exploration program at its 100% owned Kennady North project. The property is adjacent to the Gahcho Kue diamond mine, a joint venture of De Beers Canada (51%) and Mountain Province (49%).The winter program at Kennady North will focus on drilling several combined indicator and geophysical targets located west and southwest of the Hearne...Read More
The Verkhne-Munskoye, one of the largest diamond mines in the world, produced a unique gem-quality rough diamond weighing 98.8 carats. The stone was found in the Zapolyarnaya kimberlite pipe. The mine Verkhne-Munskoye, which is operated by ALROSA, is located in the Sakha Republic, also known as Yakutia. Reportedly, the mine has estimated reserves of 40 million and is projected to produce 1.8 mill...Read More
RAPAPORT... The first China-Israel Diamond Week will take place in Shenzhenin April. The event - organized by the Israel Diamond Exchange(IDE), the Shanghai Diamond Exchange (SDE) and Guangdong Land Holding - willinclude a seminar, the signing of a memorandum of cooperation, visits todiamond-jewelry manufacturing facilities, and networking events. The show will also feature a sales meet, whe...Read More
HRD Antwerp NV is collaborating with MAGILABS (Rome/Helsinki) and offering and advanced, two-day workshop on spectroscopy. This course is aimed at diamond traders and experts; appraisers and graders; jewelers and designers; sales managers, buyers and job seekers. In its invitation for the course HRD Antwerp wrote: "Within the world of diamonds, one of the hot topics continues to be the one of labo...Read More
RAPAPORT... The Swiss Gemmological Institute (SSEF) has launched aservice for linking polished gemstones to their original rough, it saidTuesday. GemTrack creates a fingerprint that documents the stone'sjourney from mine to market, based on analyses of the stone's crystallographic,structural, chemical and microscopic features. "Given the growing demand for provenance and traceability inour i...Read More
Botswana is reportedly ready to give Zimbabwe a loan of $600 million to develop and support its diamond industry. The report on the loan was initially published by the Herald, the state-owned new paper and online daily, but apparently has since been removed. Reuters reported that Zimbabwe's President Emmerson Mnangagwa and Botswana's President Mokgweetsi Masisi are expected to sign the loan agree...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.The Wood Mackenzie report Global trends: what to look for in 2019 looks at emerging business models that ensure global mining companies remain at the forefront of the energy transition. Find out why electrification and autom...Read More