(IDEX Online) - A panel debate about the future of diamonds will take place at the upcoming Vicenzaoro January show. The debate, which has been organized by The Futurist CEO Paola De Luca, will be introduced by Gaetano Cavalieri, president of CIBJO. The speakers are designer Tomasz Donocik; Esther Ligthart, jewelry blogger and writer, David Brough, editor and co-founder of Jewellery Out...Read More
(IDEX Online) - Lucapa Diamond Company Limited said its production hit a record high in 2019. Annual production reached 49,120 carats with sales from the Mothae kimberlite mine in Lesotho and the Lulo alluvial mine in Angola in totaling $55 million. During Q4 they produced 287 +4.8 carat diamonds, making a combined total of 1,164 such stones during the year including five diamonds sized over...Read More
PERTH (miningweekly.com) – Junior Gibb River Diamonds has stepped up to the plate at the now defunct Ellendale diamond mine, in Western Australia, with the company accepting Mines and Petroleum Minister Bill Johnston’s offer to apply for new tenements at the project area.The Minister has also invited India Bore Diamond Holdings to apply for other tenements at the site.AdvertisementThe...Read More
(IDEX Online) - The non-profit organization Mercury Free Mining (MFM) will test a new technique that could end the use of toxic mercury in artisanal gold mining. The new technique has been developed by Sluice Goose Industries and uses the Goldrop gold separating processor, which it says is significantly more efficient than traditional gold panning. The process will be tested over a 10-da...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesProvincial governor Rodolfo Suarez issued law 9209 to reform water protection law 7722 of 2007, which effectively prohibited mining through banning the use of cyanide (used in gold processing) and sulphuric acid (used in copper processing).Suarez also announced his support for 19 mining projects including those seeking to exploit u...Read More
Turkish steel producers have returned to the deep-sea scrap markets for February cargoes with prices remaining largely stable, sources said on Monday January 6.Bookings of four deep-sea cargoes were heard after the daily indices closed late on Friday January 3.A steel mill in the Marmara region booked a US cargo comprising 20,000 tonnes of HMS 1&2 (90:10), 8,000 tonnes of shredded and 2,000 tonnes...Read More
Ferrous scrap prices in most global markets were stable in the week ended Friday January 3 amid an absence of significant spot trading activity due to the year-end festivities.Turkish market remains quiet. United States looks forward to strong start to new year. Taiwanese buyers cut bids. India continues to catch up with international markets. TurkeyTurkish imported scrap prices remained stable th...Read More
Turkish scrap prices have remained largely stable over the past week with the costs for imported scrap remaining similarly steady, sources said on Monday January 6.Only two steel mills have made slight changes in their buy prices for auto bundle scrap over the past seven days.Long steel mill IDC raised its buy price for the...Read More
The mid-grade seaborne iron ore index rose past $95 per tonne on Monday January 6 for the first time since September 18 when it stood at $96.42 per tonne cfr China.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $95.61 per tonne, up $1.01 per tonne62% Fe Pilbara Blend fines, cfr Qingdao: $94.70 per tonne, up $1.01 per tonne62% Fe low-alumina fines, cfr Qingdao: $96 per tonne, up $1.02 per t...Read More
Seaborne coking coal prices moved up on Monday January 6 with sentiment among steel mills in China and the rest of Asia reported to be positive.Fastmarkets indicesPremium hard coking coal, fob DBCT: $143.16 per tonne, up $3.10 per tonnePremium hard coking coal, cfr Jingtang: $152.12 per tonne, up $0.27 per tonneHard coking coal, fob DBCT: $122.33 per tonne, unchanged Hard coking coal, cfr Jingtang...Read More
Seaborne iron ore concentrate and pellet prices strengthened last week in line with gains in the wider market for the steelmaking raw material, especially the high-grade segment, amid strong demand from Chinese mills coupled with restrictions on sintering.ConcentrateThe weekly Fastmarkets index for iron ore 66% Fe concentrate, cfr Qingdao stood at $107.69 per tonne last Friday January 3, up $2.07...Read More
* Copper hovers near eight-month high * Nickel touches lowest in nearly four weeks (Updates with closing prices) By Zandi Shabalala LONDON, Jan 6 (Reuters) - Copper edged higher on Monday as arise in oil prices offset softer Chinese economic data and anescalation in tension between the United States and Iran,analysts said. Commerzbank analyst Daniel Briesemann said the jump in oilprices since the...Read More
U.S. equity index futures were lower this morning. Index futures are responding to increasing tensions between the U.S. and Iran. S&P 500 futures were down 17 points to 3,222 in pre-opening trade. Gold jumped $24.50 per ounce to $1,577.00 per ounce on increasing Middle East tensions. Gold moved above $1,566.40 to a seven year high. Also, Goldman Sachs upgrade gold to Buy.Crude Oil also respond...Read More
Key data from the pricing session in London in the week to Friday January 3.Europe European antimony prices have begun the year under pressure but prices were barely changed due to the thin liquidity reported on spot basis, which capped any big decrease. Only the antimony MMTA standard-grade II, in-whs Rotterdam price adjusted downward by 0.1% after a deal was...Read More
Key data from the pricing sessions in Asia and Europe in the week to Friday January 3.ChinaKey drivers The price range for Chinese silicon 5-5-3 was flat week on week in a muted export market. Despite a quiet market, Chinese exporters held offer prices firm given the tight prompt availability of silicon and the rising domestic transportation cost, which usually doubles before the Lunar New Year ho...Read More
Cobalt metal prices in China have risen steadily since late December due to a combination of restocking activity ahead of the Chinese New Year holiday (January 24-30) and a recent rally in share prices of domestic cobalt-focused companies.Fastmarkets assessed the price of cobalt 99.8% Co min, ex-works China at 270,000-285,000 yuan ($38,757-40,910) per tonne on Friday January 3, up by 15,000-20,000...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets.Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% basis, China ex-works, adjustment to the standard-grade cobalt low-end price is on a $ per lb basis.Fastmarkets prices Read More
Dear Reader,Stocks ran red this morning… stained crimson by the blood of Iranian Gen. Qassim Soleimani.A Reaper drone of the United States Air Force sent this hellcat over the rainbow early Friday.The late departed was no second-rater, no minion. Explains Matthew Hoh of the Center for International Policy:The equivalent of the killing of Gen. Soleimani would be as if the Iranians assassinate...Read More
QUESTION: Marty, Do you think it will be time to short the bonds with the ECM? Gold had bounced off the Downtrend line instead of electing the bearish reversals and it rallied after the Pi turning point. You said if gold peaked with the bottom of the ECM it could then fall back to retest support. It looks as if that happens, the Fed will lose the battle and interest rates will rise after the ECM....Read More
Fastmarkets published some of its price assessments for ferro-titanium and titanium scrap later than scheduled on Wednesday December 25 and Wednesday January 1, but they are now appearing as normal. Price assessments for the following markets were rolled over due to Christmas and New Year holidays in the United Kingdom on Wednesday December 25 and Wednesday January 1 but were published slightly la...Read More