(IDEX Online) - India's state-owned miner NMDC could be getting a multi billion dollar contract to explore and mine diamonds at a diamond project abandoned by Rio Tinto, reports Reuters. Located in the central state of Madhya Pradesh, the Bunder deposits could contain millions of carats of diamonds, Neeraj Mandloi, the principal secretary of the state's Mineral Resource Department,...Read More

(IDEX Online) - The American Gem Trade Association (AGTA) is moving the judging of its annual AGTA Spectrum Awards Design Competition back to October. The move is to ensure that designers who have sourced their gemstones at the AGTA GemFair Tucson or AGTA GemFair Las Vegas have enough time to conceptualize and create their entries. "Spectrum is always such an incredible showcase of color, and...Read More

Brazilian producer Vale has halted operations at an iron ore mine at its subsidiary Ferrous Resources to allow for safety works, it said on Thursday January 16.Vale stopped operations of a waste and tailings pile at its Esperan??a mine as soon as it took control of Ferrous Resources, the company said...Read More

The seaborne iron ore index was rangebound on Thursday January 16, likely due to weaker demand from mills, while demand for low-alumina fines seemed robust.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $96.36 per tonne, down $0.08 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $95.40 per tonne, down $0.08 per tonne.62% Fe low-alumina fines, cfr Qingdao: $97.20 per tonne, up $0.09 per...Read More

Coal import restrictions have emerged at the ports of Jingtang and Caofeidian in China, two key entry points for seaborne coking coal to the country's steelmaking hub of Tangshan, sources told Fastmarkets on Thursday January 16. Fastmarkets indicesPremium hard coking coal, fob DBCT: $155.26 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $160.87 per tonne, unchangedHard coking coal, fo...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EST. Consensus for December Retail Sales was an increase of 0.3% versus a gain of 0.2% in November. Actual was an increase of 0.3%. Excluding auto sales, consensus for December Retail Sales is an increas...Read More

China's hot-rolled coil prices were largely stable on Thursday January 16 amid thin trading activity, though rising inventory levels have raised concerns over they would trend in the weeks ahead.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($560-563) per tonne, narrowing downward by 10 yuan per tonneNorthern China (Tangshan): 3,590 yuan per tonne, unchangedTrading activity was reported to be...Read More

Lower production rates are keeping China's domestic rebar prices supported amid weakening demand ahead of the Chinese New Year.Eastern China (Shanghai): 3,640-3,670 yuan ($528-532) per tonne, unchangedNorthern China (Beijing): 3,540-3,560 yuan per tonne, unchangedSteel mills that operate electric-arc furnaces have lowered their production rates due to losses attributed to a weakened rebar market a...Read More

China's stainless steel prices decreased slightly ahead of the upcoming January 24-30 Chinese New Year holiday amid sluggish trading due to a segment of the market already starting their breaks well in advance."Producers made minor adjustments to their stainless steel prices, if any at all, because the price of nickel has been mostly stable with only minor movements," a steel processor source in e...Read More

Base metals prices on the Shanghai Futures Exchange were broadly up at the close of the morning trading session on Thursday January 16, with market sentiment buoyed by the signing of a "phase one" trade agreement between China and the United States on Wednesday.The deal, signed between Chinese Vice Premier Liu He and US President Donald Trump at the White House, includes a pledge from Beijing to b...Read More

Key data from Wednesday January 15 pricing session in Shanghai and London. Key drivers  Spot cobalt hydroxide payables made further gains after suppliers successfully translated their higher offers into business, with rising demand since late December. Business was concluded across the new range; producers reportedly sitting on comfortable inventories and showing little interest in cheaper bi...Read More

Key data from the Wednesday January 15 pricing session in Shanghai.Key driversThe cobalt sulfate price in China continued to edge higher despite slow trades, with some producers holding back from sales of cargoes to be delivered after the Chinese New Year holiday (January 24-30).Other...Read More

The fate of Allegheny Technology Inc's (ATI) stainless steel plant in Midland, Pennsylvania, hangs in the balance, according to company president and chief executive officer Robert S. Wetherbee.Its survival is threatened by the 25% tariff under Section 232 imposed on imports of nickel-rich steel slabs from Indonesia that are used in the mill to make cold-rolled 60-inch stainless steel sheet coils....Read More

January 8, 2020Dear Shareholders and Investors,The past year was an exciting time for Brixton Metals, where we drilled 9,642m between the Thorn and Atlin Projects and raised more than $10M in what remains a challenging market for junior exploration companies. We thank you for your support and sustained optimism as we continue to unlock the mountain of value and generate new discoveries on our whol...Read More

Eldorado Gold (TSX: ELD; NYSE: EGO) has announced the discovery of a new zone of gold mineralization, the Ormaque zone, at its Lamaque gold project.Drill highlights include 27 metres of 10.2 grams gold per tonne; 12 metres of 26.82 grams gold per tonne; and 16 metres of 25.53 grams gold per tonne.The Ormaque zone is located within a previously-undrilled gap in mineralization between the historic S...Read More

Iamgold (TSX: IMG; NYSE: IAG) has announced that CEO Stephen Letwin will retire at the end of February after a decade at the company.Gordon Stothart, the company's president and chief operating officer, will take his place.The news comes on the same day the Toronto-based miner posted preliminary operating results for 2019, which show output fell short of Iamgold's target for the year.Attributable...Read More

Global miners will have to get ready to deal with the increasing threat from civil unrest, following last year's succession of dramatic - and in several cases unforeseen - social explosions in almost 50 countries, including highly popular mining jurisdictions, such as Chile, Mali, Guinea, Congo and Zimbabwe.According to risk consultancy Verisk Maplecroft's quarterly civil unrest index, turmoil wil...Read More

Pay-by-day mining software gives geologist competitive boostSPONSOREDmicromineSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesThe 10 highest-returning ASX-listed mining stocks in 2019 produced share-price gains of between 1,400% and...Read More

"RELEASED: Outlook 2020 - Risk appetite amid high uncertainty. Read the #GoldOutlook2020 report: https://t.co/Bzx78Yss9i https://t.co/zq3SQJ1O4M"Read full newsRead More

"Bottled-water giant #Nestle plans to spend as much as 2 billion Swiss francs ($2.1 billion) to shift toward using more recycled #plastic https://t.co/KEJRqyygYN"Read full newsRead More