(IDEX Online) - The Bharat Diamond Bourse (BDB) is offering to reimburse flight tickets of first-time visitors to the Bharat Diamond Week. The offer is eligible to anyone who purchases more than $100,000 worth of diamonds. "It is very important for us at the BDB to see new faces here for this special polished diamond sales week," said Mehul Shah, BDB vice president and head of the organizing...Read More
Domestic long steel prices in Turkey have softened over the past week due to falling imported scrap costs and reduced demand, sources said on Thursday September 26.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was TRY2,750-2,780 ($483-488) per tonne on Thursday, narrowing downward from last week's TRY2,750-2,820 per tonne ex-works.The domestic rebar...Read More
(IDEX Online) - Forevermark has launched its latest campaign directed at Indian Consumers. The #TrustForevermark uses a diamond "question mark" throughout and is designed to reassure consumers they are buying a mined stone.The print campaign follows the journey of a diamond around the question mark from rough to polished, ending in a Forevermark box. Forevermark says the pathway of the diamo...Read More
(IDEX Online) - Alrosa's Supervisory Board has approved the company's acquisition of Kristall, the Smolensk-based diamond manufacturer. Alrosa has purchased a 100-percent stake in the company from the Russian Federation, valued at RUB 1,886 million ($29 million).The sale and purchase agreement is expected to be signed by the end of September, with the deal to be closed in the first half...Read More
(IDEX Online) - Lucara Diamond Corp. today announced the recovery of an exceptional blue, 9.74-carat gem-quality diamond from its Karowe Diamond Mine in Botswana. The mining company also showcased a newly discovered 4.13-carat pink, gem-quality diamond from the same mine. "Lucara is extremely pleased with the recovery of these rare, sizeable, fancy coloured diamonds, which have the poten...Read More
RAPAPORT... WD Lab Grown Diamonds has appointed jewelry-industry veteranSue Rechner CEO. She will be responsible for growing the brand and expandingthe company's market reach. Rechner, who held executive roles at Movado, FrederickGoldman, Citizen and Seiko, was most recently global president of outdoorfootwear and apparel brand Merrell. She will succeed founder Clive Hill, whowill continue to...Read More
LONDON - Rio Tinto is exploring for diamonds in Canada as part of its plans to stay in the sector despite the looming closure of its Argyle mine in Australia, known for extremely rare pink diamonds, the firm's head of copper and diamonds said.Demand and prices for the wider market have fallen as concerns mount about the world economy, and laboratory-grown gems have added to supply.Advertisemen...Read More
Vancouver-headquartered Lucara Diamond Corp has recovered a 9.74 ct gem-quality blue diamond and a 4.13 ct gem-quality pink diamond at its Karowe mine, in Botswana.The diamonds were recovered from direct milling of South Lobe ore.AdvertisementThis follows the recent sale of a 2.24 ct blue diamond for $347 222/ct."Lucara is extremely pleased with the recovery of these rare, sizeable, fancy col...Read More
IronRidge derisks through diverse discoveries SPONSOREDironridge resources "I will make an apology to start with….Read More
JOHANNESBURG (miningweekly.com) – The twenty-sixth Investing in African Mining Indaba – scheduled to take place in Cape Town from February 3 to 6 next year – will offer delegates new insight into issues facing Africa’s resources sector.“We’re building on the success of the 2019 Mining Indaba in terms of the high level of government participation and the substant...Read More
RAPAPORT... Lab-grown brand Altr Created Diamonds has appointed RichardWhitby chief financial officer as part of an effort to broaden the company's reach. "Bringing Richard on board marks a pivotal point for Altr aswe continue our global expansion amidst a shift in the industry," Amish Shah,president of Altr, said last week. "Richard brings meaningful executiveexperience increasing the forwar...Read More
Stellar result for PolarXSPONSOREDpolarx"I am not in agreement with a state company that invests in mining because it is a high-risk investment.Read More
Stellar result for PolarXSPONSOREDpolarxThe 30-year bond has a 4.5% coupon, one of the lowest for a Mexican company in 30 years. The issue was rated at BBB+ by S&P Global Ratings and Fitch Ratings. The company's indebtedness is now $9.4 billion."With these resources we have sufficient for these three projects through 2022, a little for 2023 and start producing in that year," said VP finance Ma...Read More
The supervisory board of Russian diamond miner Alrosa has approved the acquisition of diamond polisher Kristall from the Russian Federation.Kristall, which processes more than 200 000 ct/y from feedstock supplied by Alrosa, is valued at 1.89-billion ruble.Advertisement"Despite the fact that Alrosa is currently a key supplier of rough diamonds to Kristall, it accounts for as little as&nbs...Read More
Current seaborne market conditions have prompted Vale to cut its iron ore pellet production guidance for 2019 to 43 million tonnes from 45 million tonnes previously, the Brazilian mining company said on Thursday September 26. This is the second reduction in the company's iron ore pellet production guidance, following a cut from 60 million tonnes in July. The guidance for overall iron ore and pelle...Read More
The Turkish steel mills have continued to book deep-sea scrap for November shipments, keeping prices fairly stable, sources said on Thursday September 26.A steel mill in the Izmir region booked a Baltic Sea cargo on Thursday, comprising 30,000 tonnes of HMS 1&2 (80:20) at $223.50 per tonne and 5,000 tonnes of bonus at $233 per tonne cfr.Another steel mill in the Marmara region also booked a Baltic...Read More
Physical iron ore prices strengthened on Thursday September 26 following gains in the futures market.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $90.91 per tonne, up by $0.57 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $91.30 per tonne, up by $0.57 per tonne.62% Fe low-alumina fines, cfr Qingdao: $89.45 per tonne, up by $1.79 per tonne.58% Fe fines high-premium, cfr Qingdao: $80....Read More
Seaborne coking coal prices were largely steady on Thursday September 26, with participants still holding out for clearer factors that could determine the direction of the market.Premium hard coking coal, fob DBCT: $133.60 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $153.59 per tonne, down $0.39 per tonneHard coking coal, fob DBCT: $122.50 per tonne, unchangedHard coking coal, cfr...Read More
Mining major Rio Tinto is stepping into China's port market for iron ore, with sales in the segment gaining significance amid changes in the raw material procurement strategies of steelmakers in the country.It will begin a trial sale of its products at the Port of Rizhao in eastern China and the Port of Caofeidian in northern China, its vice president for iron ore sales and marketing, Simon Farry,...Read More
(Updates with closing prices) By Peter Hobson LONDON, Sept 26 (Reuters) - Copper prices fell on Thursdayas investors focused on a weak demand outlook and were scepticalof a suggestion by U.S. President Donald Trump that he couldsoon reach a trade deal with China.Industrial metals were also caught in wider market moves asaccusations that Trump pressed Ukraine to investigate apolitical rival pushed...Read More