Iranian export prices for steel billet and slab remained largely unchanged in the week to Wednesday August 14 amid a holiday lull in the country and in the major sales outlets.Most market participants in the Middle East and North Africa, as well as in Southeast Asia, have been out of the market in recent days due to Eid al-Adha religious holiday, which ends on August 14.But market participants bel...Read More

The shallow Triple R uranium deposit stretches over 3.18 km and has the potential to grow. (Image: Fission Uranium)SASKATCHEWAN - Fission Uranium of Kelowna, B.C., has received the assays from the winter 2019 drill program at the Patterson Lake South property in the southwest rim of the Athabasca Basin. The company says the results confirm the potential to expand the high grade uranium resources a...Read More

Steel H-beam prices in both Northern and Southern Europe were unchanged week on week due to the seasonal pause in trading, sources told Fastmarkets on Wednesday August 14.Fastmarkets assessed the price for steel beams, domestic, delivered Northern Europe, steady at ?,?570-600 ($638-671) per tonne on August 14.August is traditionally when many workers take holidays and mills close for maintenance....Read More

The price of steel rebar in the Southern Europe domestic market was stable this week amid heavily subdued activity due to the traditional August slowdown, when most companies close for holidays and maintenance, Fastmarkets heard on Wednesday August 16.Fastmarkets' weekly price assessment for rebar, domestic, delivered Southern Europe was unchanged week on week at ?,?470-485 ($526-543) per tonne on...Read More

A summary of Tata Steel's financial results for the quarter ending in June 2019.In briefConsolidated adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) went down, mainly because of lower deliveries from the company's EU assets resulting from planned shutdowns and unplanned outages, coupled with sluggish demand."A rising share of imports and elevated...Read More

RAPAPORT... Pandora is set to repurchase DKK 500 million ($74.7 million)of unsold inventory from retailers that stock its products, the company said. The Danish jeweler believes this will reduce the quantity of goods its clients keep in stock for long periods. The company plans to smelt and recycle the old jewelry to make new collections, a company spokesperson told Rapaport News&nb...Read More

RAPAPORT... Mountain Province has been given six months toraise its share price or it will no longer be eligible to list on the Nasdaqstock exchange, it said Tuesday. The Canada-based miner's stock is currently valued at$0.97, below the minimum bid price of $1 per share required for maintaining aspot on the exchange. It received the warning because its price had fallen below that level for mo...Read More

RAPAPORT... Jewelry imported into the US from China will attract an extra levyof 10%, despite the Trump administration's decision to postpone tariffs onother goods due to the upcoming holiday season. While certain health-and-safety products are being removedfrom the prospective tariff list, other items - including toys, computer equipment, video games andclothing - havereceived a temporary re...Read More

RAPAPORT... Phillips has hired Alexis Vourvoulis to help build up itsjewelry business in Los Angeles, a key target market for the company. "The move reflects the growth of the Phillips jewelrydepartment and the increasing importance of California to the company'sexpansion," the auction house said Tuesday. Vourvoulis is the sixth new hire for the department since thebeginning of 2018, and the thir...Read More

LONDON – De Beers will let buyers reject more diamonds at a sale next week as the mining company shows almost unprecedented flexibility to ease a growing crisis.The Anglo American unit has told customers they can refuse to buy half of the stones offered that are smaller than three-quarters of a carat, according to people familiar with the situation, who asked not to be identified as the matt...Read More

Stainless steel scrap prices in the United States have continued to climb following an uptick in London Metal Exchange nickel prices."I wish the recent price improvement was due to increased demand, but unfortunately the price improvement is solely attributable to the London Metal Exchange nickel price and speculation of potential nickel supply issues," one dealer told Fastmarkets."[There's] lots...Read More

The suspension of iron ore exports from SL Mining's operations at Marampa in Sierra Leone have left stockpiles of more than 500,000 tonnes of concentrates at the mine in the Port Loko district, according to the company.An export ban was imposed on SL Mining, a subsidiary of Gerald Group, by the country's new minister for mines and mineral resources, Foday Rado Yokie, from July 24, on the expiry of...Read More

Canadian diamond miner Mountain Province is no longer complying with the minimum bid price requirement of the Nasdaq and has until February 10 to regain compliance with the stock exchange’s listing rules.Based on the closing bid price for the last 30 consecutive business days from June 28 to August 12, the 49%-participant in the Gahcho Kué mine in Canada is not in compliance with the...Read More

The conspicuous absence of Turkish mills from the East Coast ferrous scrap export market has started to take its toll, with Boston docks lowering prices effective from Tuesday August 13 and headwinds in global rebar prices likely to drag scrap prices lower.Fastmarkets' assessment for the steel scrap No1 heavy melt, export yard buying price, delivered to yard Boston, stands at $230 per gross t...Read More

Steel mills in Turkey have remained out of the deep-sea scrap markets so far this week with trading limited by the Eid al-Adha religious holiday in the country, sources told Fastmarkets on Wednesday August 14.The Turkish market and those in other Middle Eastern territories will be closed until August 15 for Eid al-Adha; no new deals for cargoes were expected to be heard before then.As a...Read More

JOHANNESBURG (miningweekly.com) – Replacing diesel machines with zero-emitting fuel cell electrical equipment can reduce the cost of underground mine ventilation and lower health risk, says Hydrogen Infrastructure (HySA) director Dr Dmitri Bessarabov, who adds that renewable hydrogen can also be used to mitigate air pollution at Eskom power stations.HySA, which has a clean mining ventil...Read More

Physical iron ore prices rebounded on Wednesday August 14 amid an easing of the trade tensions between China and the United States, but seaborne buying remained lackluster.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $90.72 per tonne, up by $1.47 per tonne.Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $89.22 per tonne, up by $1.47 per tonne.Fastmarkets' ind...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 transaction: iron oreIron oreBHP, private tender, joint cargo, 110,000 tonnes of 62.4% Fe Newman fines, sold...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe US$5.5 billion project will extend the life of the 100-year old mine for many decades and see it produce 140,000 tonnes of copper a year following a seven-year transition from openpit operations."Chuquicamata is not just another project, it is unique. Its complexity and magnitude have no equal in the Chilean market;...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe company completed construction of three acid storage tanks in July with capacity of 7,500 tonnes and a new acid unloading facility."The pure sulphuric acid in these tanks is diluted down to a weak sulphuric acid mining solution via the new acid handling and delivery system. This weaker acid solution is used in the we...Read More