(IDEX Online) - Lucapa Diamond Company Limited reported strong production for both the Lulo and Mothae mines in the September 2019 quarter. The mines achieved a quarterly production record of 14,610 carats during the quarter, which the company says are in line with its strategy of expanding high-value diamond production to maximize revenue.Production increased 67 percent year-over-year at the Lulo...Read More
(IDEX Online) - The Responsible Jewellery Council has entered into a partnership with the United Nations Global Compact to develop best practice impact case studies for building awareness and educating key stakeholders across the jewellery supply chain from mine to retail on how businesses can contribute to the Sustainable Development Goals (SDGs).The RJC Code of Practices covers legal and regulat...Read More
RAPAPORT... Rio Tinto has unveiled a necklace-and-ring set worth $1.1million, created from 673 diamonds recovered from its Argyle mine in Australia. The jewels, called Argyle Dreaming, were handcrafted byjewelry designer John Calleija using pink, white, yellow, blue and champagnediamonds, as well as gold from Rio Tinto's Kennecott mine in the US, thecompany said last week. Pieces in the set,...Read More
South Africa's mining production decreased by 3.2% year-on-year in August."Due to its large weight in the mineral group basket of about 24%, the 12.5% year-on-year decline in the platinum group metals (PGMs) output subtracted three percentage points from the overall sector’s production decline.Advertisement"The other large negative contributors were diamonds, which decreased by...Read More
RAPAPORT... The National Retail Federation (NRF) has forecast a strong risein US holiday sales, as a healthy economy outweighs tariff fears in the shortterm.Retail sales in November and December are expected toadvance 3.8% to 4.2% year on year, for a total of between $727.9 billion and$730.7 billion, the organization noted. The average increase over the past fiveyears was 3.7%, it added. "There is...Read More
RAPAPORT... Gem Diamonds has obtained a 10-year lease to continue miningat the lucrative Let??eng deposit in Lesotho, but will haveto pay a larger proportion of its sales proceeds to the government. The southern African kingdom has also given the miner an exclusive right to renew the lease for anadditional decade, the company said in a statement Friday. Gem Diamonds must pay 10% of diamond sa...Read More
Russian diamond miner Alrosa has appointed Evgeny Agureev its deputy CEO to improve the supply chain of the company and look for new approaches to stimulate rough diamond sales.The 41 year old has been a director of the United Selling Organisation of Alrosa (USO) since 2017 and will continue to lead the USO and oversee the sales unit.AdvertisementIn his new position, Agureev will develop sales, im...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa has generated a further A$15.5-million in revenue from diamond sales, bringing the combined 2019 sales figure to date to A$65.7-million from its Lulo and Mothae mines, in Angola and Lesotho respectively.The ASX-listed miner noted that 5 469 ct of Lulo diamonds were sold at the last auction for gross proceeds of A$8.9-million, representing an av...Read More
Golden Mile goes back to the futureSPONSOREDgolden mile resourcesIt lowered its outlook for the red metal for the rest of this year to US$5,900 per tonne from $6,300/t. Copper is currently sitting at around $5,750/t.Read More
PERTH (miningweekly.com) – Diamond miner Lucapa has set production records in the three months to September, with the ASX-listed company recovering 14 610 ct during the period under review.Production at the Lulo alluvial mine, in Angola, reached 7 603 ct during the quarter, a 67% increase on the previous corresponding period, while the Mothae kimberlite mine reported its highest quarterly pr...Read More
Golden Mile goes back to the futureSPONSOREDgolden mile resourcesIt also reported a 69% increase in measured and indicated resources to 72Mt containing 894,000t of copper inclusive of mineral reserves.An updated life-of-mine production plan increases copper production by 140,000t compared to the 2018 technical report with a flexible and phased plan to return the Caraíba Mill to its original...Read More
Seaborne iron ore prices rebounded on Thursday October 10 following a big decline a day earlier, thanks to gains in the futures markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $93.68 per tonne, up by $2.62 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $94.23 per tonne, up by $3.89 per tonne.62% Fe low-alumina fines, cfr Qingdao: $92.08 per tonne, up by $2.33 per tonne.58% Fe fi...Read More
Golden Mile goes back to the futureSPONSOREDgolden mile resourcesIf passed, the bill, introduced into the Senate in January 2018, would allow the distribution of such water to be subject to the authority of the state, which concerns the private sector companies, particularly in the mining sector, which have invested hundreds of millions of dollars to secure their water sources through investment i...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreRio Tinto, tender, 170,000 tonnes of 61% Fe Pilbara Blend fines, sold at $92.71 per tonne cfr China, laycan November 5-14.Rio Tinto, bilateral sale, 70,000 tonnes of Pilbara Blend lump, sold at the...Read More
Golden Mile goes back to the futureSPONSOREDgolden mile resourcesAIM-listed CAML this week said it remained comfortably in sight of its guidance of 12,500-13,500 tonnes of copper and 28,000-39,000t lead from its two mines, Kounrad and Sasa, located in KazakhstanRead More
Transaction prices for premium mid-vol coking coal from Australia jumped on Thursday October 10, compared with pre-Golden Week levels, leaving some market participants surprised.Fastmarkets indicesPremium hard coking coal, fob DBCT: $145.39 per tonne, down $0.98 per tonnePremium hard coking coal, cfr Jingtang: $159.50 per tonne, down $0.22 per tonne Hard coking coal, fob DBCT: $123....Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedThe future of mining is (still) peopleSPONSOREDproudfootSolGold, 85% owner of the monster Alpala discovery in northern Ecuador (23 million ounces of gold and 11 million tonnes...Read More
New customs declaration procedures could be put in place by European Union member states if the United Kingdom ultimately leaves the bloc with no agreement in place (a "no-deal Brexit"), an industry association told Fastmarkets this week.This would cause months of congestion affecting UK-origin scrap cargoes although no long-term disruption was expected for the UK's metals recycling sector, worth...Read More
The world's largest low-grade iron ore producer has confirmed that it will bid for two blocks at what is considered the world's largest untapped high-grade ore resource, a move that reiterates what the industry has been saying over the past few years - that demand for green iron ore or high-grade ore is a structural change in the making."Following the release of information at a public meeting hel...Read More
The three-month nickel price on the London Metal Exchange pushed up during morning trading on Thursday October 10, climbing by nearly 2% amid an ongoing drawdown of LME inventories. Nickel's outright price was recently trading at $17,620 per tonne, appreciating by around $285 per tonne with just over 1,800 lots exchanged as of 9:10am London time.LME nickel stocks now sit at 102,696 tonnes in total...Read More