(IDEX Online) - Chow Tai Fook Jewellery Group Limited has acquired Enzo Jewelry Inc. The retailer, which specializes in colored gemstones, has 60 points of sale in Mainland China.Adrian Cheng, executive director of Chow Tai Fook Jewellery Group, said Enzo will continue its niche position as a natural coloured gem specialist, which will complement the group's multi-brand strategy. Founded...Read More

Gusa Brasil, formerly knows as Sidepar, partly restarted operations in the state of Par?? in northern Brazil in early January, with the first pig-iron sale made in the middle of the month, sources told Fastmarkets.The restart will add a small tonnage to the pig iron market, however, so participants only expect a minor impact, Fastmarkets was told."Pig iron prices have improved so that makes it rea...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resourcesSerengeti said yesterday it was set to increase its ownership to 67% of Kwanika Copper Corp by sole-funding 2020 exploration at Kwanika, with Korea's POSCO International electing "not to participate"Read More

The Turkish deep-sea scrap import markets remained quiet at the beginning of the week, following the sharp price decline that was seen late last week, sources said on Monday January 20.A steel mill in the Izmir region booked a US cargo of 35,000 tonnes of HMS 1&2 (95:5) at $295 per tonne cfr late on January 15.This would have put the HMS 1&2 (80:20) price at $288 per tonne, compared with a previou...Read More

Ferrous scrap prices in the global markets continued to weaken during the week ended Friday January 17, following the sharp decline in the Turkish market.Turkish prices decline sharply with fresh US tradeUnited States East Coast prices down; West Coast to followPrices in Taiwan and Vietnam fall steadily on soft demandInternational downturn drags down Indian pricesTurkeyPrices for ferrous scrap imp...Read More

Artemis all set thanks to unique approachSPONSOREDartemis resources"We will do more than 7,000m of mostly infill drilling at La Plata and start the permitting process this year. It will take about 18 months and cost about US$10 million," he said.Read More

Turkish domestic scrap prices have gone down over the past week amid falling imported scrap values, sources said on Monday January 20.Following the news of a US deep-sea scrap cargo sold at $295 per tonne cfr for HMS 1&2 (95:5), the daily scrap indices fell by $15.15 per tonne on Thursday January 16.Turkish steel mills and a major scrap yard in the Izmir region have reduced their buy prices for...Read More

* Zinc breaks 200-day moving average * Historically low zinc inventories offer price support (Updates with closing prices) By Pratima Desai LONDON, Jan 20 (Reuters) - Zinc prices rose to two-monthhighs on Monday after a break of key technical levels triggereda flurry of buying and as the market worried about historicallylow inventories. Benchmark zinc on the London Metal Exchange (LME)ended 0.6% u...Read More

Broader markets were generally firmer but quiet on Monday January 20, with equities in Asia mainly stronger, as were the base metals, while gold was holding up in high ground.Equities in Asia are consolidating recent gains, but multi-year highs in many regional equity indices suggests sentiment is bullish overall. Markets quiet ahead of the Lunar New Year holidays, which start on Friday in China....Read More

The total traded volume for the high-grade 65% Fe iron ore futures on the Singapore Exchange (SGX) rose in January 2020, with 25,750 lots - or 2.575 million tonnes - being cleared as of January 20 at 2:30pm Singapore time. The latest total traded volume is the second highest recorded since its launch in December 2018, and represents a 13.9% increase from 2.26 million tonnes in September 2019, whic...Read More

Seaborne coking coal prices were largely stable on Monday January 20, with Chinese participants gradually withdrawing from the market ahead of a week-long break for the Chinese New Year that starts on Friday.Fastmarkets indicesPremium hard coking coal, fob DBCT: $152.23 per tonne, down $0.84 per tonnePremium hard coking coal, cfr Jingtang: $160.13 per tonne, up $0.23 per tonneHard coking coal, fob...Read More

NAIROBI, Jan 20 (Reuters) - The son of an Indian gold mineowner in Burkina Faso, who was kidnapped by unidentifiedassailants in 2018, has been released, his father said onMonday. Kimar Akoliya, whose father Akoliya Patel owns theGhana-based Balaji mining group, had set off for Burkina Faso'scapital, Ouagadougou, from the remote Inata mine with twocolleagues when they disappeared in September 2018....Read More

China's domestic rebar prices were unchanged on Monday January 20 amid a pre-holiday lull, though some optimism has emerged over demand for the long steel product after the Chinese New Year. Eastern China (Shanghai): 3,640-3,670 yuan ($531-535) per tonne, unchangedNorthern China (Beijing): 3,540-3,560 yuan per tonne, unchangedLocal governments in China have issued 655.7 billion yuan worth of speci...Read More

World equity markets were mixed in quiet overnight trading. U.S. equity markets are closed for the Martin Luther King holiday. European equity indices moved slightly lower. Far East equity indices moved higher, led by a 20.29 point gain by the Shanghai Composite Index to 3,095.79.The TSX Composite Index is expected to open slightly higher in quiet trade. Focus at the opening is on the energy secto...Read More

Key data from the pricing sessions in Asia, Europe and the rest of the world for the week ended January 17.ChinaKey drivers Export price for silicon increased by 1.3% week on week amid higher offer prices in the market.Overseas inquiries picked up. Exporters, on average, raised their prices by $20-30 per tonne given the appreciation of the yuan and tight spot supply. There were no deals...Read More

Kunming Rongke New Materials Co won 3,609.5 tonnes of indium formerly held by China's defunct Fanya Metal Exchange in an auction that ended at 10am Beijing time on Saturday January 18. As the only bidder at the auction, Kunming Rongke secured the stockpile with a bid of around 2.85 billion yuan ($415.4 million), which works out at a price of 790 yuan per kg, according to the official auction resul...Read More

Samancor Chrome has provisionally decided to restructure its mining and smelting operations in a move that will reduce staff and production levels due to the deteriorating chrome markets and rising power costs, Fastmarkets has learned. South Africa's largest ferro-chrome producer wrote to employees and unions on Friday January 17, in letters seen by Fastmarkets, warning that it had made the provis...Read More

Cardinal heading down familiar gold roadSPONSOREDcardinal resources"For the first time in six years gold is the great narrative. In recent years it has been a contrarian message, but it is now mainstream," president and CEO Jay Martin told Mining Journal.Read More

Production in the fourth quarter at TMAC Resources' (TSX: TMR) struggling Hope Bay mine in Nunavut were at the low end of expectations, and the company has begun a strategic review process.The deferral of mining in the BTD East Limb due to rehabilitation work, which impacted available grade, was the biggest factor in the company's weak quarterly production results of 24,650 oz. gold, TMAC said.Dis...Read More

Anglo American (LON: AAL) is expanding into fertilizers after agreeing to acquire Sirius Minerals (LON: SXX), the British junior struggling to build a huge fertilizer mine beneath a national park, for ?405 million (US$527 million).As part of the deal, Sirius shareholders will receive 5.5 pence per share in cash, a 34.1% premium to the closing price on Jan. 7, which was the day before Anglo confir...Read More