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 new PFS turns a negative net present value positive, and increases the internal rate of return from near-zer...Read More
Base metals prices on the London Metal Exchange were mainly weaker on the morning of Monday November 8, but those on the Shanghai Futures Exchange were mainly firmer as they followed the strength seen on the LME on Friday.US Congress' passing of the long-awaited infrastructure bill bodes well for the metals Chinese trade data show a record surplus, but weaker than expected imports highlight weaker...Read More
Look beyond market approach to project valuations: van ZylLeadershipNew life for one of New Zealand's oldest gold minesSPONSOREDoceanagoldPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsThe S&P 500 reached a new high, closing up 0.09% to 4,701.7."With the Bipartisan Infrastructure Deal and the Build B...Read More
Hot-rolled coil prices in the United States moved back above $94 per cwt on Monday November 8, but most participants feel prices in this market are still trending downward as a whole.Fastmarkets' daily steel hot-rolled coil index, fob mill US was calculated at $94.11 per hundredweight ($1,882.20 per ton) on Monday November 8, up by 1.38% from $92.83 per cwt on Friday and down by 0.59% from $94.67...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 miningCerro de Pasco will pay C$1 million in cash, 10 million shares and a 1% net smelter royalty on all new deposits...Read More
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