(IDEX Online) - The Fancy Color Research Foundation says COVID-19 has hit trade so badly that it won't be publishing its regular quarterly index. Its Fancy Color Diamond Index (FCDI) has been tracking changes in wholesale buying prices of yellow, pink and blue stones since 2015. But government lockdowns and travel restrictions have brought trading in fancy color diamonds to a virtual halt and...Read More
(IDEX Online) - A diamond weighing 50.36 cts has been recovered as work continues behind closed doors at the Grib mine, in Archangelsk, northern Russia. Owners AGD Diamonds say the transparent, regular-shaped, jewelry-grade stone was found during lockdown on 13 April. "The exclusive jewelry grade diamond became the second large diamond mined by company's specialists this year," it told the g...Read More
(IDEX Online) - Russian mining giant Alrosa aims to meet its full-year production target for 2020, despite coronavirus. It recovered 8m cts in the first quarter, a drop of nine per cent on Q1 2019, but says the outlook for the whole year remains at 34.3m cts. That figure that was reduced late in 2019 from 38.7m cts. State-owned Alrosa produces around 25 per cent of diamonds globally, and almost 30...Read More
"Reuters: shrinking #nickel supplies following shutdowns linked to the new coronavirus and loss-making operations because of low prices are expected to offset weak demand from stainless steel mills and leave the market with only a small surplushttps://t.co/T9f5X4Nrad"Read full newsRead More
(Kitco News) - SSR Mining Inc.'s (NASDAQ, TSX: SSRM) three operations combined to produce over 107,000 gold-equivalent ounces during the January-M...Read full newsRead More
""With the safety measures we have put in place at all our sites, we are confident that we can adapt our business and continue to create long-term value for our stakeholders."??"^?oe...See these tickers:$NLR $RYO $AUX $VSR $SSE $CBI $SMN $CCW#MomentumStockshttps://t.co/opyTRaMvCd"Read full newsRead More
"Investing in Gold: What are your options?Read our FREE 2020 gold report for everything you need to know about investing in the precious metal before you jump into the market! https://t.co/cBhszclew1 #preciousmetals #gold #investing"Read full newsRead More
Haul truck at an iron ore mine in western Australia. (Image courtesy of BHP) BHP on Tuesday reported a 6.3% rise in third-quarter iron ore production that only narrowly missed analyst estimates, and kept outlook unchanged for two of its key products despite global economic disruption caused by the coronavirus outbreak. Total iron ore production increased by 3% to 181 million tonnes YTD. Guidance...Read More
Image of Ocotillo Express Wind Project in California by slworking2 The International Energy Agency (IEA) report on key electricity trends in the world's developed economies, released last week, shows renewable energy overtaking coal as a source of electricity generation for the first time in 2019.Natural gas took the top spot from coal in 2018 and last year coal-fired power production fell by the...Read More
Have you heard the one about the atheist in the coffin?"He's all dressed up with nowhere to go."That's exactly how I felt when I filled up my Jeep this week for an astounding $1.66 a gallon.Normally, I would have been thrilled - Jeeps aren't known for being the most fuel-efficient cars around and my daily commute to work costs me a pretty penny in a normal week. But my giddiness quickly turned to...Read More
Harte Gold's Sugar Zone gold mine in northern Ontario.?EUR,Image from Harte Gold. In the first quarter of this year, Harte Gold (TSE: HRT) reported it has produced 8,597 ounces at its Sugar Zone mine in Ontario.This is a record for the company and a 7% increase over the 8,017 ounces generated in the fourth quarter of 2019. This growth appears driven by higher grades milled - head grades average...Read More
Roberto Pancaldi Image from Tenova. Tenova, a company specializing in solutions for the metals and mining industries, has announced it will reorganize its businesses and review its governance structures. The company designs technologies and develops services that help reduce costs, save energy, limit environmental impact and improve working conditions.The changes are intended to steady Tenova's p...Read More
F-Class portable plant. Image from Haver & Boecker. Haver & Boecker Niagara, Haver & Boecker's new mineral processing brand, has launched the Niagara F-Class portable plant. Its circular motion inclined vibrating screen allows operations to increase production while making screen media change-outs easier on an inclined vibrating screen.A circular motion inclined vibrating screen uses gravity to h...Read More
Here are five Fastmarkets stories you might have missed on Monday April 20 that are worth another look.Last month, analysts started warning that oil prices could fall below zero. On Monday, they did.Iron ore fines output at Brazil-based miner Vale fell by 18.2% year on year in the first quarter of 2020, while the company has cut its guidance of iron ore and pellet production for 2020, the company...Read More
The three-month nickel price on the London Metal Exchange was the standout metal at the close of trading on Monday April 20, while the rest of the base metals complex remained pinned down amid broad risk aversion. Nickel's outright price on the LME closed at $12,505 per tonne on Monday afternoon - its highest closing price since March 13 - with daily turnover notching a three-week high w...Read More
China's production of refined copper in March dropped marginally from a year ago while charges to turn concentrate into copper metal rebounded during the month. Home of half of the world's copper smelting capacity, China generated 771,000 tonnes of copper cathodes last month, representing a drop of 2.5% from a year ago, the country's statistics bureau said on Monday April 20. The largely stable op...Read More
The following profound and accurate comment was written by Rick Mills of the Aheadoftheherd.com site"Historically, and especially so today, for all the reasons to like gold, the greatest leverage to rising precious metals prices has been owning the shares of junior resource companies focused on acquiring, discovering and developing precious metals deposits.Importantly, juniors are a cost-effect...Read More
China's production of refined copper in March dropped marginally from a year ago while charges to turn concentrate into copper metal rebounded during the month. Home of half of the world's copper smelting capacity, China generated 771,000 tonnes of copper cathodes last month, representing a drop of 2.5% from a year ago, the country's statistics bureau said on Monday April 20. The largely stable op...Read More
The price on the futures contract for West Texas crude that is due to expire today fell to minus US$37.63 a barrel, Bloomberg reported, as storage space runs out with demand for fuel slashed by global COVID-19 travel restrictions.Airline Virgin Australia entered voluntary administration this morning, with founder Richard Branson saying it was not the end "but I believe a new beginning".US markets...Read More
Low-grade and high-grade seaborne manganese ore prices diverged in the latest assessments on Friday April 17 with the former continuing to move up amid lingering concerns over supply tightness while the latter corrected downward amid relatively abundant supply. Fastmarkets' manganese ore index 37% Mn, cif Tianjin rose by 1.8% or 9 cents per dry metric tonne unit (dmtu) to $5.14 per dmtu on Fr...Read More