New life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningThe purchase price comprises $1.Read More

Domestic prices for hot-rolled coil increased across the European Union during the week to Friday November 5, despite slow trading activity in the spot market.Despite the lack of trading, sentiment remains positive in anticipation of restocking by distributors, upward pressure on prices from high energy and transport costs, and because of the agreement reached between the United States and the EU...Read More

Production in the September quarter was 613,000 ounces, down by 18% year-on-year but flat versus Q2 and in line with expectations from analysts at BMO.Read More

RAPAPORT... Gemfields has recovered a 7,525-carat emerald from its Kagem mine, the largest in the Zambian deposit's history.The miner named the stone Chipembele, meaning rhinoceros in the local dialect of Bemba, Gemfields said Monday. Geologist Manas Banerjee and veteran miner Richard Kapeta and his team unearthed it on July 13.The name comes from the words Kapeta used when he spotted the emerald,...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific mining"While prices may moderate through 2022 as pandemic supply issues ease, building demand — due to factors i...Read More

Brazilian steel slab export prices remained stable in the week ended Friday November 5, with no fresh deals heard and negotiations for January shipments still proceeding at a slow pace.Fastmarkets' weekly price assessment for steel slab, export, fob main port Brazil, was $730-740 per tonne on Friday, unchanged from the previous week.The higher end of the assessment corresponded to prices in the...Read More

RAPAPORT... Asian Star, one of India's largest manufacturers of diamonds and jewelry, saw sales rebound in the three months ending September 30 as the global market continued its recovery from the Covid-19 crisis.Revenue more than doubled to INR 11.59 billion ($156.6 million) for the Mumbai-based company's second fiscal quarter, versus INR 4.98 billion ($67.2 million) a year earlier. Net prof...Read More

RAPAPORT... Growth at the retail division of Warren Buffett's Berkshire Hathaway slowed in the third quarter as supply-chain disruptions led to an inventory shortage.The division - which includes jewelry chains Borsheims, Helzberg Diamonds and Ben Bridge Jeweler - saw sales increase 8% year on year to $4.5 billion, the company reported last week. That represented a gentler rise than the 48% s...Read More

Details of new investment by Egypt's Ezz Steel, including the possible acquisition of a stake in another steel company, will be disclosed in a timely manner after financial evaluation and legal audit are completed, the company said in a statement to the country's stock exchange on Sunday November 7.There were rumors in the Egyptian steel market that Ezz Steel, the country's biggest steel producer,...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningHailed in its early days as the answer to delivering cheap and reliable electricity, nuclear fell by the wayside...Read More

(IDEX Online) - New owners of Canada's Ekati mine are seeking consent to drain a nearby lake and dig three kimberlite pipes.The Arctic Canadian Diamond Company says the move is crucial to securing the future of the mine and to filling a gap in production that would otherwise see the mine temporarily shut down.It has successfully lobbied for the Point Lake open pit project not to be subjected...Read More

(IDEX Online) - Prosecutors in Britain have launched a legal battle to reclaim proceeds of the $7.8m "pebble swap" heist.Lulu Lakatos aged 60, from Romania, was jailed in July for five-and-a-half-years for the sleight-of-hand switch at Boodles, in Mayfair, London.The Crown Prosecution Service (CPS) is now attempting to recover money from the Russian mobsters believed to behind the 2016 raid, accor...Read More

(IDEX Online) - Manufacturers in Surat are hoping to kickstart the price of polished diamond prices by extending the Diwali vacation.The city's 6,000 cutting and polishing units will remain closed for three weeks, rather than the usual seven or 10 days."Even though rough diamond prices were going up due to supply constraint, polished prices were not witnessing an upward trajectory and the pro...Read More

(IDEX Online) - Prices of fancy color diamonds kept rising in Q3 - up 0.7 per cent as the market recovered from the pandemic.The rate of increase is accelerating, according to the Fancy Color Diamond Index (FCDI):  The Q2 rise was 0.2 per cent and Q1 was 0.3 per cent.No figures were produced for Q1 and Q2 of 2020 because business was too slow to yield sufficient data.Blue diamonds showed an a...Read More

Hong Kong-based scrap processor Chiho Environmental Group plans to expand its footprint among Chinese recycling operations with the opening of a new yard in the east of the country, the company said on Friday November 5.A recycling park in Taizhou in Zhejiang Province is the result of a joint investment totaling 243 million yuan ($38 million) by Chiho-owned firms Scholz and Chiho Tiande, Chiho sai...Read More

China's decarbonization drive could result in increased demand for graphite electrodes amid the global trend toward more steelmaking based on electric-arc furnaces (EAFs), although supply risks may continue in the near term against a backdrop of energy controls, sources have told Fastmarkets."[Increased] EAF [usage] could be a general trend for steelmaking in China, [because this] is what national...Read More

Seaborne iron ore prices were mostly stable on Monday November 8 amid continuing weak demand from Chinese steel mills, sources told Fastmarkets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.82 per tonne, up $0.68 per tonne62% Fe low-alumina fines, cfr Qingdao: $94.55 per tonne, up $0.47 per tonne58% Fe fines high-grade premium, cfr Qingdao: $65.68 per tonne, down $0.10 per tonne65% Fe...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningIt said space-based technology and artificial intelligence were evolving into valuable tools for mining, after h...Read More

Seaborne coking coal prices in cfr and fob markets diverged on Monday November 8 with previously stranded Australian coal entering China.Fastmarkets indicesPremium hard coking coal, cfr Jingtang: $588.94 per tonne, down $11.31 per tonneHard coking coal, cfr Jingtang: $517.65 per tonne, down $7.58 per tonnePremium hard coking coal, fob DBCT: $402.65 per tonne, unchangedHard coking coal, fob DBCT: $...Read More

China imported 91.61 million tonnes of iron ore in October 2021, down by 14% from 106.74 million tonnes one year earlier and 4% lower month on month - its fifth consecutive monthly decline, according to Chinese customs data released on Sunday November 7.In January-October, China imported a total of 934.6 million tonnes of iron ore, down by 4.2% from the corresponding period in 2020.Demand for...Read More