The diamond company Forevermark is betting on India. The company believes that the India's middle-class consumption is key to its success in what is thought to becom  the second largest consumer market for diamond jewelry. Talking to Moneycontrol, Sachin Jain, President, Forevermark India, said, "We are present in 60 markets in India. We are present in Tier I, II, III and IV markets." Re...Read More

Botswana’s Ministry of Mineral Resources, Green Technology and Energy Security has granted a renewal of TSX-listed Tsodilo Resources’ prospecting licence in the country for an additional two years, ending September 30, 2021.The licence area, which is within the Orapa Kimberlite Field (OKF), contains the company’s BK16 kimberlite project.AdvertisementTsodilo plans to soon start a...Read More

The Gemological Institute of America (GIA) will host a Jewelry Career Fair and Open House at the organization's world headquarters in Carlsbad, California on Friday, October 11, 2019.The free event will feature panel discussions, career coaching and recruiting for people new to the industry and professionals looking for a career change; classroom demonstrations for aspiring gemologists, jewel...Read More

RAPAPORT... De Beers will allow sightholders to refuse more rough diamonds than usual at thisweek's sight, aiming to ease pressure on the market without reducing prices. Clients will be free to turn down 50% of available goods amid a slump in rough demand, a broker told RapaportNews on condition of anonymity. The company will also buy back up to 20% ofcustomers' purchases, compared with the standa...Read More

The Yellowknife Crown of Light diamond cutting facility. (Photo by Crown of Light)Earlier this month, a new diamond polishing factory started operating in Yellowknife, in Canada's Northwest Territories (NWT). The plant, called Yellowknife Crown of Light, which is owned by Almod Diamond, reportedly received its first shipment of rough diamonds from De Beers at its facility near Yellowknife...Read More

Diamond miner De Beers Group on Friday said it was "shocked and saddened" by the sudden death of Debswana MD Albert Milton.Milton had become unwell while in Johannesburg on Thursday evening. He had been admitted to hospital, but died early on Friday morning.Advertisement"We extend our deepest condolences to Albert’s family, relatives and friends. Our thoughts are with them at...Read More

Domestic auto bundle (DKP-grade) scrap prices in Turkey have fallen over the past seven days because of the weak finished steel market, sources said on Monday August 19.A number of steel mills in the country have reduced their buy prices for the material by TRY20-40 ($4-8) per tonne.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,550-1,...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 oreVale, Global Ore, 80,000 tonnes of 65% Fe Iron Ore Carajas, sold at $97 per tonne cfr China, bill of lading dated July 29. Vale,...Read More

Seaborne iron ore prices retreated on Monday August 19 amid lingering pessimism reflected by futures losses.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $88.40 per tonne, down by $1.17 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $88.78 per tonne, down by $1.17 per tonne. Fastmarkets' index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $88...Read More

The seaborne coking coal market had a muted start to the week on Monday August 19 amid this month's steady price decline.A cargo of premium low-vol hard coking coal was heard to have been traded at around $162 per tonne cfr China. But not enough details of the trade could be confirmed at the time of writing.Prices for premium hard coking coal on a cfr China basis are down by about 7% from...Read More

Some discounts on index-linked seaborne iron ore concentrate cargoes began to shrink last week, sources told Fastmarkets, while activity in the spot pellet market remained limited.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao, stood at $96.28 per tonne on Friday August 16, down $7.49 per tonne from a week earlier.The movement was based on visible market activity...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe dual-listed company (AIM: ATYM/TSX:AYM) said the project had reached mechanical completion and were ready to start receiving ore, and wet commissioning. "The additional electricity supply for the expansion is expected to come on stream during Q3 2019," it said. "The company believes the start-up of the expanded plant...Read More

China's domestic rebar prices increased on Monday August 19 amid rising futures stimulated by plans unveiled by the central Chinese government to lower borrowing costs for companies.Domestic Eastern China (Shanghai): 3,700-3,730 yuan ($525-530) per tonne, up 30 yuan per tonneNorthern China (Beijing): 3,620-3,640 yuan per tonne, up 10 yuan per tonneChina will implement "market-oriented reform measu...Read More

De-risking delivers value in GalenaSPONSOREDgalena miningThe company said it had received an amendment to its mines act permit which would allow for exploration and groundwater drilling at the permitted mine area.Read More

Terramin leads gold-copper revival in South AustraliaSPONSOREDterramin australiaNew mineral sands miner polishes its ImageSPONSOREDimage resourcesAustralian Vanadium targets growing energy-storage and steel marketsSPONSOREDaustralian vanadiumThickened tailings deposition for closureSPONSOREDsrk consultingThe first three step-out holes, from the 421 discovery hole drilled last year, have intersecte...Read More

A wave of risk-on sentiment is flowing through broader markets this morning, Monday August 19, on expectations that central banks will provide stimulus going forward to cushion moves toward recession. Asian equites are in positive territory, led by a 2.33% gain in the Hang Seng. Gold prices have eased, with spot gold recently quoted at $1,508 per oz.The problem is that while this may pro...Read More

The United States has restated its opposition to an EU proposal to classify titanium dioxide and cobalt as possible carcinogens, asking the European Commission (EC) to consult with the World Trade Organization (WTO) before taking further action.In a statement in July 2019 to the WTO's Committee on Technical Barriers to Trade, the US said that it was "disappointed" that the EC was making the move w...Read More

Key data from the pricing sessions in London and Shanghai in the week ended Friday August 16. Europe Key drivers  The European 5-5-3 silicon price dropped after two weeks of stability with one significant purchase reported at around ?,?1,500 ($1,664) per tonne.  The silicon grade 4-4-1 quotation was unchanged due to reduced activity with no spot deals reported.  In general, demand f...Read More

The price of antimony softened in both the European and Chinese markets in the week ended Friday August 16, while the markets reacted to the news that the last of the antimony materials held by the defunct Fanya Metal Exchange will be auctioned later this month.EuropeIn Europe, Fastmarkets assessed the price of antimony, MMTA standard grade II, in-whs Rotterdam, at $5,750-6,000 per tonne on Friday...Read More