(IDEX Online) - Diamond tender house Bonas will hold a gemstone tender viewing at the February Bangkok Gems & Jewellery Fair (BGJF) from February 25-27. The tender will feature 500 lots of colored gemstones. The lots will also be available for viewing in Hong Kong from March 1-4. Items on offer in the tender which is being organized with the support of the Asia Gem Center in Bangkok,...Read More
RAPAPORT... Output at Lucapa Diamond Company hit a record in the fourth quarter, leading to its strongest annual production, the miner said Monday.Production for the three months ending December 31 increased 72% year on year to 14,007 carats from the company's Lulo mine in Angola and Mothae mine in Lesotho. The record was buoyed by Mothae, with production from the deposit more than tripling c...Read More
The price of steel mesh-quality wire rod was unchanged week on week in Europe with activity still slow after the Christmas and New Year holiday period, Fastmarkets heard on Wednesday January 8.Fastmarkets' weekly price assessment for steel wire rod (mesh-quality), domestic, delivered Northern Europe was ?,?450-460 ($503-514) per tonne on Wednesday, unchanged from the previous week.Meanwhile, Fastm...Read More
The price of steel rebar in Europe was unchanged this week with the market beginning to emerge from the Christmas and New Year holiday period, Fastmarkets heard on Wednesday January 8.Market participants were keeping a close eye on ferrous scrap prices, which have been largely flat since mid-December, for clues about how rebar prices will move next.Yet some producers said that they were targeting...Read More
(IDEX Online) - The National Association of Jewelry Appraisers (NAJA) has updated and expanded its Appraisal Studies Course (ASC) in its latest online incarnation. The ASC course covers a wide range of subjects from appraisal theory and methodology to jewelry history. There is a quiz at the end of each lesson to check students' knowledge. There are also interactive sections within each l...Read More
RAPAPORT... De Beers and Dominion Diamond Mines have submitted paperwork indicating their desire to expand exploration at their current projects in Canada.In a December 31 permit request to Canada's Mackenzie Valley Land and Water Board, De Beers noted interest in exploring 11 new targets at the Gahcho Ku?(C) mine by the end of February.Of the 11 locations, three are currently ready for drill...Read More
The price of steel H-beams across Europe remained unchanged on Wednesday January 8 with a public holiday at the start of the week keeping trading activity low, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?550-570 ($614-637) per tonne on January 8, unchanged week on week.Trading remained subdued this week, with January 6...Read More
(IDEX Online) - Dominion Diamond Mines and De Beers are both looking to expand their current projects in Canada. The two companies have submitted applications to the Mackenzie Valley Land and Water Board requesting permission to ramp up their exploration activities, according to nnsl.com. Dominion has requested a five-year license to explore the area around Glowworm Lake, which lies to the ea...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesThe Phoenix, Arizona-based company said the pregnant leach solution (PLS) grade was currently measuring 0.Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesMining investment is forecast to continue rising to US$6.5 billion compared with $6 billion in 2019, which was mainly on copper development projects, principally the $5.3B Quellaveco, $1.3B Toromocho expansion and the $1.6B Mina Justa. Investment will start to tail off in 2021 as Quellaveco's construction nears its end following wh...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesEnami, Ecuador's state mineral company, and Codelco, Chile's state copper company, joint venture partners in the project, expect to formalise creation of a company to continue work on the project in the coming weeks, according to Ecuador's deputy mining minister Fernando Benalcázar. Enami will own 51% and Codelco 49% of the...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesCodelco said it sought to take advantage of historically low interest rates to raise $1 billion via a 10-year note at 3.175% as well another $1 billion via a 30-year note at 3.958%. The issues were 2.8-times oversubscribed."A favorable debt market, with base rates at historically low levels, makes it attractive to pre-finance the c...Read More
Revival takes staged approach to Beartrack-ArnettSPONSOREDSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesArtemis all set thanks to unique approachSPONSOREDartemis resourcesEven at my advanced years and having stomped around more remote parts of the world than most, I am still amazed by the stoicism...Read More
Turkish deep-sea scrap import markets remained silent on Wednesday January 8, with mills still in negotiations for cargoes to be shipped in February, sources told Fastmarkets.Mills in Turkey have been mostly quiet in the deep-sea scrap import markets since the middle of December due to year-end holidays, but resumed their purchases at the end of the last week.They booked four deep-sea cargoes on J...Read More
Seaborne iron ore index increased on Wednesday January 8, after steelmakers in China started restocking activities.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $96.22 per tonne, up $1.11 per tonne62% Fe Pilbara Blend fines, cfr Qingdao: $95.31 per tonne, up $1.11 per tonne62% Fe low-alumina fines, cfr Qingdao: $96.87 per tonne, up $1.15 per tonne58% Fe fines high-premium, cfr Qingda...Read More
Seaborne coking coal prices were driven upward by Chinese buying activity on Wednesday January 8.Fastmarkets indicesPremium hard coking coal, fob DBCT: $146.26 per tonne, up $1.28 per tonnePremium hard coking coal, cfr Jingtang: $157.35 per tonne, up $4.82 per tonneHard coking coal, fob DBCT: $122.33 per tonne, unchangedHard coking coal, cfr Jingtang: $134.02 per tonne, unchangedLow-vol PCI, fob D...Read More
The Singapore Exchange's (SGX's) 65% Fe iron ore futures experiencing a surge in interest, with 10,430 lots - or 1.043 million tonnes - of the contract being cleared by Tuesday January 7.This is already around 12.2% higher than the total volume cleared in January last year. A total of 1.99 million tonnes of the contract were traded last month, up 4.6% from December 2018 when it was launched.In the...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday January 7 that are worth another look.Alexander Shevelev, chief executive officer of Russian steelmaker Severstal, says that the company has changed its culture quite quickly and substantially to focus on being a solutions provider.Brazilian vehicle output shrank by 3.9% year on year during December 2019, because higher domestic...Read More
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The Turkish deep-sea scrap import markets were relatively quiet on the second day of the working week, with the mills still in negotiations for February cargoes, sources said on Tuesday January 7.The steel producers in the country had been silent in the deep-sea markets over the past two weeks because of the year-end holiday periods. They resumed their purchases at the end of last week with four c...Read More