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 miningThe maiden indicated and inferred pit-constrained resource for the Gonneville deposit is 330 million tonnes at 0...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 miningUranium One is the world's fourth largest uranium producer, part of Russia's State Atomic Energy Corporation, Ro...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 miningRoyal Bafokeng on October 27 announced its support for a takeover deal from Implats.Read More
Pretium owns the high-grade Brucejack gold operation in British Columbia, Canada. Under the deal, Pretium shareholders can choose to receive C$18.50 per share in cash or 0.Read More
Prices for flat steel products continued to increase in Russia's Central Federal District around Moscow during the quiet holiday week ended Monday November 8, on limited offers from the mills, sources have told Fastmarkets.Some believed that prices have reached their peak and would remain flat until the end of the year, due to rumors about planned short-term maintenance stoppages at mills and the...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 miningS&P releases average consensus forecasts from 38 different brokers each month. The biggest cut to expectatio...Read More
The Russian Federation's Ministry of Finance is preparing a list of machine-building plants to be excluded from a liquid steel excise tax, Aleksey Sazonov, Russian Federation deputy minister of Finance said on November 8 during a State Duma committee meeting on budget and taxes."A number of Russian machinery-building plants have their own small steelmaking capacities...They will be excluded from e...Read More
RAPAPORT... Mountain Province has named mining veteran Mark Wall as CEO. He will also become president and a director, the company said Tuesday.Wall has more than 25 years of experience in executive, operational, commercial and sustainability roles for mining businesses. He was most recently CEO of Streamers Gold Mining, a subsidiary of Hong Kong-listed Shandong Gold Mining. He has also held...Read More
RAPAPORT... Rough-diamond production is not expected to return to pre-pandemic levels. The coronavirus forced the mining companies to rethink their production programs and downscale accordingly. However, 2020 was always going to be a tipping point for supply. Global output peaked in 2017 when the Gahcho Ku?(C) and Renard mines came onstream in Canada. It has been gradually declining since then, un...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 miningIt may come as a surprise to some that Brazilian diversified mining giant Vale was the trust's top investment pi...Read More
Base metal futures prices were largely down across the London Metal Exchange complex at the 5pm close of trading on Tuesday November 9, despite gains made on Monday.Prices reversed across the board on the LME, initially trending higher before eventually scaling back by the close.The US Dollar Index rose throughout the day, supporting this price move. It was up to 94.05 by 5pm, from 93.96 at 9am.Th...Read More
RAPAPORT... The World Diamond Council (WDC) has repeated its call for reforms to the Kimberley Process (KP), warning that failure to do so could lead to a "two-tiered" industry.Companies that fall below consumers' expectations on responsible sourcing will lose market share, putting many people out of business, WDC president Edward Asscher told the annual KP plenary on Monday.Asscher urged KP...Read More
Growing consumer appetite for sustainable products and tighter regulations on carbon-intensive primary aluminium production, such as the EU's recent proposal for a carbon border adjustment mechanism (CBAM), have seen greater investment in scrap-processing facilities across Europe, providing long-term support for scrap prices as a result.CBAM calls for EU importers of steel and aluminium to pay for...Read More
RAPAPORT... Fortunoff Jewelry founder and trailblazing entrepreneur Helene Fortunoff died on Monday at the age of 88 from a non-Covid-19-related respiratory illness.Fortunoff began her jewelry career shortly after meeting her first husband, Alan Fortunoff. She entered his family's housewares business, which Max and Clara Fortunoff started in 1922. Knowledgeable in the merchandising and design of f...Read More
The recent downward correction in aluminium prices and premiums was expected after a strong uptrend in 2021, but tighter supply from China is set to continue supporting high prices, Brazilian aluminium producer Companhia Brasileira do Alum?-nio (CBA) said on Tuesday November 9.Chinese aluminium output cuts, meant to reduce carbon emissions, deepened a global supply deficit in the third quarter. Es...Read More
(IDEX Online) - Lucapa says it has recovered 13 diamonds - eight of them Type IIa - from bulk sampling at Lulo, in Angola.The Australian miner describes results from initial processing as "positive and significant". It says the L028 kimberlite being explored is adjacent to alluvial Mining Block 46, known for its high-value Type IIa and fancy colored diamonds.The 13 stones recovered from L028...Read More
RAPAPORT... Industry leaders in India have published draft rules aimed at stopping members from selling diamonds with false grading reports.The new Diamond Charter calls for tight measures to prevent the misuse of certificates. It also requires companies to take action to stem the circulation of grading reports that are not attached to a stone.The document, which the Gem & Jewellery Expor...Read More
US-based aluminium producer Alcoa announced on Tuesday November 9 its adoption of a three-stage "technology roadmap" intended to assist in the decarbonization of upstream aluminium supply and to help achieve the target of net-zero carbon emissions by 2050.The roadmap has three key elements. These are the decarbonization of the alumina refining process, new processes to enhance the use of post-cons...Read More
(IDEX Online) - Police have released CCTV images of a suspect who placed a fake bomb in the doorway of a jewelry store, with a note demanding cash and jewelry.He prompted a full-scale alert at Sergio's Fine Jewelers, in Ellicott City, Maryland, USA.Police deployed drones, sniffer dogs, and a bomb robot before establishing for certain that the device, inside a box, was not genuine. The en...Read More
China will ban the creation of additional capacity for some energy-intensive industries - including for steel, coke, alumina and aluminium - in a bid to control pollution, the state council said in a guideline issued on Sunday November 7.The guideline did not specify the areas to be subject to the ban or the date that the measures will take effect.This comes alongside the statement that the supply...Read More