(IDEX Online) - De Beers today said it provisionally sold $545 million worth of rough diamonds at its first Sight of 2020, which ended on January 24.This compares to sales of $500 million in 2019 and is a noticeable increase over the sales totals throughout 2019. Sight 1Sight 2Sight 3Sight 4Sight 5Sight 6Sight 7Sight 8Sight 9Sight 102020$545 M (provisional)2019$500 M$496 M$581 M$416 M$391 M$2...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.Comstock Resources today tightened its grip on the Haynesville basin with a US$2.2 billion cash-and-stock deal to buy privately-held Covey Park.Robert Clarke, director, US Lower 48, at global natural resources consultancy Wood Mackenz...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.Perhaps a false sense of security had crept in. Plentiful oil supply, carefully stewarded in 2019 by OPEC+ to get the market closer to balance, and moderate prices. Rising geopolitical tension,even around Iran, seemed a nebulous...Read More
(IDEX Online) - Shree Ramkrishna Exports Pvt. Ltd. (SRK) has introduced a new design for reusable diamond packets that it says have been created for better security. SRK says the packets, which were conceptualized in-house, are more durable than traditional packets and are designed to be reusable. These stickers can be custom printed for each company. They have sticker labels, which can...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa has entered into a cutting and polishing agreement with leading diamond manufacturing group Safdico International over its Lulo alluvial mine, in Angola.As a preferred buyer, Safdico could purchase up to 60% of Lulo’s yearly alluvial rough diamond production, as permitted under Angolan law.AdvertisementThe diamonds purchased by Safdico wi...Read More
Aim-listed Botswana Diamonds has undertaken a placing with existing and new investors to raise £250 000 to fund exploration activities in Botswana, Zimbabwe and South Africa.The company will issue about 41-million new ordinary shares, at a placing price of 0.6p apiece.AdvertisementEach placing share has one warrant attached, which allows investors to subscribe for one new ordinary share...Read More
Turkish deep-sea scrap import prices declined sharply once again, following the fresh United States' cargo deal heard on Wednesday January 29.A steel mill in the Marmara region booked a cargo of 30,000 tonnes of HMS 1&2 (90:10) at $275 per tonne cfr, Fastmarkets was told. This would put the HMS 1&2 (80:20) price at $272 per tonne cfr, several market sources said. The US cargo was compared with the...Read More
Seaborne coking coal market remained inactive on Wednesday January 29, with top spot buyer China on an extended New Year break due to the outbreak of the coronavirus.Fastmarkets indicesPremium hard coking coal, fob DBCT: $152.29 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $162.73 per tonne, unchanged ...Read More
The seaborne iron ore market was muted on Wednesday January 29, although market participants lowered their estimates for physical transaction prices in response to the sharp downward movement in the Singapore Exchange's derivatives for the steelmaking raw material a day earlier. Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $86.84 per tonne, down $6.87 per tonne62% Fe low-alumina fines, c...Read More
Artemis all set thanks to unique approachSPONSOREDartemis resourcesAll-in-sustaining-costs were US99c per pound of copper, which OZ said put the project comfortably into the bottom quartile of operations globally.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 financeSPONSOREDminexiaTurquoise is hardly an independent entity despite its separate listing as Rio controls 51% and operates the mine, where there have been embar...Read More
Southeast Asian zinc premiums increased in the week to Tuesday January 28, with improved demand boosting spot activity, while dip-buying in the region's lead market failed to move premiums. The European and United States' zinc and lead markets remained flat. US zinc and lead premiums hold with slump in London Metal Exchange lead, while zinc futures fail to incite spot consumptionThe LME lead price...Read More
Upside potential in the London Metal Exchange three-month aluminium price was capped during morning trading on Wednesday January 29, dampened by a significant 26,525-tonne fresh inflow of material into LME-approved sheds in Port Klang, Malaysia.This was tempered by a 12,600-tonne outflow at the same time, 12,450 tonnes of which left Asian warehouses, and a further 17,825-tonne fresh cancelation in...Read More
An overview of the minor metals markets and their latest price moves.Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday January 29.Key drivers The price range for ferro-titanium has widened over the past week with slower trading activity resulting in lower-priced deals done in Europe, while UK trading was done at around the top end of the range. The move marked the first change in the alloy price range since December 18, although the scrap markets ha...Read More
Due to the enforced extension of China's Lunar New Year holidays, Fastmarkets will roll over the following minor metals, ores and alloys price assessments on Friday January 31.MB-BI-0002 - Bismuth 99.99% Bi min, in-whs China, yuan/tonneMB-CO-0001 - Cobalt 99.8% Co min, ex-works China, yuan/tonneMB-CO-0017 - Cobalt sulfate 20.5% Co basis, exw China, yuan/tonneMB-CO-0012 - Cobalt tetroxide 72.6% Co...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 10 points in pre-opening trade.Investors are waiting for an FOMC statement on interest rates to be released at 2:00 PM EST. The Fed Fund rate is expected to remain unchanged at 1.75%.Apple added $5.47 to $323.16 after reporting higher than consensus fiscal first quarter revenues and earnings.eBay dropped $0.94 to $35.2...Read More
Equinox Gold (TSX: EQX) and Leagold Mining (TSX: LMC) said on Wednesday that shareholders of both companies have approved their merger, creating an America-focused gold miner with a market capitalization of about US$1.75 billion.The deal, announced in December, adds Leagold's four mines in Mexico and Brazil to Equinox's portfolio, which consists of two mines in California and one in Brazil.As part...Read More
Osisko Mining (TSX: OSK) has released results from the completed Discovery 1 diamond drill hole, the longest diamond drill hole drilled to date in Canada. This hole reached a length of 3,467 metres and targeted down-plunge extensions of the gold zones at Windfall, as well as the projected source of the deposit at depth.The most recent intersections of note from this drill hole include 96 metres of...Read More
A recent gravity survey completed at RNC Minerals' (TSX: RNX) Higginsville gold operation (HGO) has delineated a 5-km long prospective structure located north of the HGO mill. This structure appears to run sub-parallel to the major regional shears that control the gold distribution in the region."Although early-stage, our interpretation of the potential size of this new structure is an exciting d...Read More