RAPAPORT... The Hong Kong Trade Development Council (HKTDC) has rescheduled its trade shows for the second time, as coronavirus-related restrictions continue.The Hong Kong International Jewellery Show and the Hong Kong International Diamond, Gem & Pearl Show will now take place from August 3 to 6, the company said last week. The events, which were originally scheduled for March, had alrea...Read More
RAPAPORT... Total diamond sales at Alrosa fell 59% to $152.8 million in March, as the coronavirus pandemic led to a slowdown in demand.Rough-diamond proceeds dipped 60% year on year to $148.7 million for the month, while polished revenue dropped 49% to $4.1 million. "March demand for rough and polished diamonds in all key markets demonstrated a steep decline," Alrosa deputy CEO Evgeny Agureev...Read More
(IDEX Online) - Baselworld has rescheduled the world's largest watch and jewelry event but has angered some exhibitors with its failure to offer full refunds.The event should have taken place from 30 April to 5 May but was canceled after Swiss authorities outlawed gatherings of over 1,000 people because of coronavirus.Organizers say it will now take place from 28 January to 2 February 2021.Th...Read More
(IDEX Online) - Zimbabwe's state-owned diamond company has reportedly been forced to fend off illegal mining. The Zimbabwe Consolidated Diamond Company, which has operations in the Chiadzwa area and in Chimanimani, has increased security during a 21-day coronavirus lockdown. A spokesman said they had to stop illegal miners intent on smuggling out gems across the Mozambique border to foreign b...Read More
(IDEX Online) - Alrosa's sales of rough and polished diamonds in March were down 56 per cent on the previous month. They fell from $346.4m in February to $152.8m, said the Russian state-controlled miner, which is allowing buyers to defer 60 per cent of rough purchases in response to the coronavirus crisis. It has also started auctioning large stones (over 10.8 carats) online rather than at ph...Read More
Nightmare scenario: WHO investigating whether virus wasRead full newsRead More
Okechukwu Nnodim, AbujaThe construction of Nigeria's only large-scale commercial gold mine has begun in Osun State and the facility will start producing gold in 2021.According to the Federal Mi...Read full newsRead More
On a global scale, work is grinding to a halt and mines are being placed on temporary care and maintenance.Read full newsRead More
Okechukwu Nnodim, AbujaThe construction of Nigeria's only large-scale commercial gold mine has begun in Osun State and the facility will start producing gold in 2021.According to the Federal Mi...Read full newsRead More
Metals investors take heed. Lithium, copper, and cobalt all have their fans. But there could be another source of metals upside on the way, from a source that has long been in the doldrums: uranium. Today we’re going to talk about Cameco (TSX:CCO)(NYSE:CCJ), and why it’s suddenly a buy.Uranium prices are looking set to rise in 2020Nuclear power has its headwinds. But the sector could b...Read More
Cigar Lake is the world's second largest high-grade uranium deposit, producing 18 million lb of uranium annually. Credit: Cameco Uranium mining major Cameco (TSX: CCO; NYSE: CCJ) is extending the temporary production suspension at its Cigar Lake mine in northern Saskatchewan as the effects of the global covid-19 pandemic persist, the company announced on Monday.In late March, Cameco placed the Ci...Read More
Last weekend I decided to do some extreme "social-distancing".I loaded my tent, some canned food, and my shotgun and started driving south. My destination? Thirty acres of forested land that my friends and I bought years ago for just such an occasion.At the time our families thought we were a bit crazy. "What in the hell are you going to do with an empty property in the middle of nowhere?" they la...Read More
The April edition of our On the Move newsletter is now available. The monthly publication tracks management and board appointments across Canada's mining and mineral exploration industry.To view a copy of the newsletter, click here.Keep us up to date on your company's latest appointments and achievements by emailing us at [email protected] or sign up for the free newsletter.Read More
Jim Williams, Robert Pell (Founder), Xiaoyu Yan (UoE Academic Advisor), Nick Russill Image from the University of Exeter. Minviro, a spin-out company focused on environmental sustainability in the mining space and founded by experts from the University of Exeter, has secured investment to help develop the business. Founded by Robert Pell, who completed his doctorate at University of Exeter's Camb...Read More
East Cadillac gold project in Quebec. Photo by Chalice Gold Mines. O3 Mining has released drill results from four zones at its East Cadillac property, 40 km east of Val d'Or in Quebec. The drilling targeted new areas of mineralization within two gold-bearing corridors at the property: the northern and southern corridors, which are splays off of the easternmost section of the regional Cadillac La...Read More
The company's operations are in Minas Gerais, Brazil. Image by Jaguar Mining. Jaguar Mining (TSX: JAG) announced on Monday that it had its best production quarter in Q1 2020 since the end of 2017. The company reported consolidated production of 21,008 ounces of gold compared to 16,365 ounces in Q1 2019, an increase of 28%, in a fourth consecutive quarter of sustainable production.The Pilar gold...Read More
Here are five Fastmarkets stories you might have missed on Monday April 13 that are worth another look.Argentinian crude steel production fell by 26.7% year on year in March due to the closure of most plants during a mandatory quarantine enforced by the federal government to contain the spread of the Covid-19 virus, national steel chamber Acero Argentino said.A total of 222,020 tonnes of copper sc...Read More
All but one of Fastmarkets' aluminium scrap price assessments fell on Thursday April 9 while the Covid-19 pandemic-driven market slowdown continued to affect the US scrap business."[This] certainly is an unusual time. I've never seen anything like this in my lifetime," one US scrap consumer source said. "Hopefully the May 4 start-up for many automakers will happen."Fastmarkets assessed the mixed l...Read More
Operations at the Antamina zinc and copper mine in Peru have been suspended as part of its response to the Covid-19 pandemic, according to one of its joint venture partners, Teck Resources Ltd.The Vancouver, Canada-based company said Antamina - in which it has a 22.5% stake - has been allowed by the Peruvian government to change out its previously reduced workforce, which has been in place at the...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More