Aim-listed BlueRock Diamonds turned a profit for the first time during the second half of the 2019 financial year, the success of which was based on the diamond producer having sold 12 675 ct of diamonds for the year, marking an increase of 118% over the year before.While grades and prices per cart had also improved, BlueRock on Tuesday noted that its production volumes had increased by 70% y...Read More
Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.This year may prove to be a strong one for the refining sector, but 2020 has had a difficult start. Wood Mackenzie expects some turbulence this year as a number of factors come together – geopolitical risk, the impact of IMO 202...Read More
The artisanal and small-scale mining (ASM) sector is in need of formalisation in order to establish itself as a legitimate source of diamond supply; however, faced with complex mining ecosystems and operating conditions that are vastly different from the large-scale diamond mining sector, De Beers says “the approach to supporting formalisation must be tailored, incremental and robust”....Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaThe company produced 60 million tonnes of iron ore in the December quarter, down 1% quarter-on-quarter and down on UBS' forecast of 69.9Mt.BH...Read More
The global mining and metals sector is facing one of its most challenging transitions yet as the industry is considering how it can best position itself to regain and maintain stakeholder confidence on environmental, social and governance (ESG) matters, global law firm White & Case states in its ‘Mining and Metals 2020’ survey report.According to the report, miners spent 2019 navig...Read More
Mexican scrap prices have increased, particularly in the country's northern region, with consumers maintaining low inventories of certain scrap products while the country's market catches up to past increases in the United States' scrap industry.In the region near the country's northern city of Monterrey, all five grades of scrap have increased, mainly due to the impact of recent price changes in...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resources"The way the mineralisation is hosted within the marble units is now much more evident and clearly demonstrates the advantages of shallow mineralisation model we have at Mitchi versus a traditional porphyry," president and CEO Kiril Mugerman said.The drilling programme began in November and resumed in January, with the main objecti...Read More
Russian diamond major Alrosa has announced that it has started test drilling at the Mir kimberlite pipe, which was partly flooded in 2017, leading to the death of eight workers.The test drilling forms part of its strategic investment plan to study the feasibility of resuming production at the mine. The earliest that the Mir underground mine could reopen will be in 2030, the company has pointed out...Read More
Cardinal heading down familiar gold roadSPONSOREDcardinal resourcesSarama right in the middle of big exploration, corporate build-upSPONSOREDsarama resources Exore excels in Cote d'IvoireSPONSOREDexore resourcesCase study: platform financeSPONSOREDminexiaNewcrest's first foray into North America comes with the promise of adding a fifth tier-1 asset to its line-up of multi-million-ounce assets...Read More
Turkish steel producers have continued to hold back from the deep-sea scrap markets, expecting prices to go even lower, sources said on Tuesday January 21.Prices in the deep-sea scrap markets fell by around $15 per tonne late last week, after 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&...Read More
Sierra Leone President Julius Maada Wonie Bio will attend the 2020 iteration of the Investing in African Mining Indaba, which takes place in Cape Town from February 3 to 6.Bio was elected as the fifth President of Sierra Leone in May 2018 and is popularly referred to as the “Father of Democracy” because of his contribution towards the restoration of democracy and attainment of peace in...Read More
Iron ore trading was quieter on Tuesday January 21, with Iron Ore Carajas (IOCJ) continuing to be the top performer in the run up to the week-long Chinese New Year holiday, which starts on Friday.62% Fe fines, cfr Qingdao: $96.80 per tonne, up $0.10 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $95.84 per tonne, up $0.10 per tonne.62% Fe low-alumina fines, cfr Qingdao: $97.83 p...Read More
The seaborne coking coal market kept steady on Tuesday January 21 even though Australian rail freight operator Aurizon flagged train cancellations following a derailment on Sunday January 19.Fastmarkets indicesPremium hard coking coal, fob DBCT: $152.23 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $160.13 per tonne, unchangedHard coking coal, fob DBCT: $127.01 per tonne, unchangedHa...Read More
China's hot-rolled coil market was quiet on Tuesday January 21, with producers suspending their operations before the Chinese New Year, while concerns have emerged over post-holiday demand due to the spread of a mysterious respiratory virus that has claimed several lives.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($562-565) per tonne, unchangedNorthern China (Tangshan): 3,590 yuan per tonn...Read More
Anticipating...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s publish...Read More
China's domestic rebar prices were flat amid weak demand on Tuesday January 21, though production costs provided some support to the market. Eastern China (Shanghai): 3,640-3,670 yuan ($528-533) per tonne, unchangedNorthern China (Beijing): 3,540-3,560 yuan per tonne, unchangedThe net profit of integrated mills - which are major rebar producers - has been hovering around 50 yuan per tonne in the p...Read More
* Copper registers biggest one-day loss since Oct. 31 * Investors scramble to shed copper longs (Updates with closing prices) By Eric Onstad LONDON, Jan 21 (Reuters) - Copper prices slumped on Tuesdayas investors liquidated recent bullish positions over fears thata new strain of coronavirus in China could hit economic growthin the world's top metals consumer. The metal often used as a gauge of eco...Read More
Focus to return to fundamentals as...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soo...Read More
Aluminium The LME three-month aluminium price closed negatively...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plu...Read More
Uptrend in motion The LME copper...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon...Read More