Seaborne coking coal prices were flat on Tuesday September 10, with Chinese market participants anticipating some strength in prices towards the end of the year but expecting downward pressure in the short term.Fastmarkets indicesPremium hard coking coal, fob DBCT: $150.76 per tonne, down $1.44 per tonne Premium hard coking coal, cfr Jingtang: $169.26 per tonne, up $0.19 per tonneHard co...Read More
In lieu of deteriorating economic conditions and a fragile equities market ripe for a correction, it may soon be an opportune time to buy gold and the Yen.Central banks' aggressive quantitative easing programs and unprecedented debt-to-GDP ratios across much of the developed world have, in my belief, set the stage for massive inflation in the long run.Gold outperforms in an inflationary environmen...Read More
RAPAPORT... Alrosa's sales fell 38% year on year to $181.8 million in August, as weakness in the market persisted. However, the result was an improvement on last month's$170.5 million, the miner's weakest figure since it began releasing data in 2016. It's also the firsttime since 2010 that August proceeds were higher than in July, Evgeny Agureev,director of Alrosa's United Selling Organi...Read More
RAPAPORT... Signet Jewelers has appointed Neil Old as managing directorof its UK operations, where he will lead the team in implementing the Path toBrilliance program. Old, who will oversee the company's British businessesincluding H. Samuel and Ernest Jones, was previously CEO of photographicspecialty retailer Jessops Europe Limited, David Bouffard, Signet's vicepresident of corporate affair...Read More
RAPAPORT... Stornoway Diamond Corporation's major lenders have agreed to take over the company amid mounting debts that prompted the miner to file for protection from creditors.The owner of the Renard mine in Quebec is seeking torestructure under the Companies' Creditors Arrangement Act (CCAA), a programsimilar to Chapter 11 in the US. It allows businesses in financial distress to rearrangeth...Read More
RAPAPORT... James Avery Artisan Jewelry has named John McCullough as CEO- the first non-family member to lead the Texas-based retailer. McCullough, who was previously chief operating officer (COO),succeeds Chris Avery, who has been CEO since September 2007 and willstay on as chairman. James Avery will remain under private ownership, and willnot explore a public stock offering or a sale, the compa...Read More
RAPAPORT... Rio Tinto has launched a collection of rare pinkdiamonds from its Argyle mine, which has been specially curated to showcase thefull color palette of the deposit's stones. The Argyle Pink Everlastings collection contains 64 lots andhas a total weight of 211.21 carats, with each individual stone weighing 0.14carats or below, Rio Tinto said Monday. The miner will provide a certificat...Read More
(IDEX Online) - GIA (Gemological Institute of America) has released a software update for its iD100 gem-testing device. The upgrade means the instrument can distinguish natural pink diamonds from laboratory-grown (HPHT and CVD) diamonds and diamond simulants. GIA also released a free update to the existing GIA iD100 software with the expanded capability to screen blue-to-green and brown diamonds....Read More
(IDEX Online) - The International Diamond Manufacturers Association (IDMA) and the Dubai Diamond Exchange (DDE) will hold a roadshow of current diamond identification and detection technology at the upcoming 21st Presidents Meeting. During the roadshow, which is supported by the Diamond Producers Association (DPA), delegates and participants will get hands-on experience with the identification and...Read More
(IDEX Online) - Osisko Gold Royalties Ltd. has signed a deal to buy Stornoway Diamond Corporation with the help of the mining companies secured creditors. The Canadian miner yesterday received protection under the Companies' Creditors Arrangement Act in order to restructure its business and financial affairs. Under the terms of a signed Letter of Intent (LOI), Osisko and Stornoway secured cre...Read More
White Gold turns heads as exploration steps up a gearSPONSOREDwhite gold corpSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedPoster South Africa mine regeneration on trackSPONSOREDorion minerals"He has changed a lot of the rules, released a lot of permits"SPONSOREDPrevious drilling at Bx 5 had outlined a mineralised, east-plunging breccia pipe to a depth of about 300...Read More
Stellar result for PolarXSPONSOREDpolarxThe drilling will follow pre-drilling geophysics and adit mapping, with previous underground sampling revealing "two mineralisation populations" of epithermal and porphyry nature.Read More
Stellar result for PolarXSPONSOREDpolarx"Now that you can see and touch Kakula's high-grade copper ore, it really hits home that we are well underway toward building the first of multiple high-grade copper mines in the area," Kamoa-Kakula copper project geology manager David Edwards said.Kakula is the first cab off the rank at the large-scale copper project, with a stage one 6 million tonne per an...Read More
Chinese risk appetite improving Despite the trade stand-off with the US and the deteriorating economic data, the Chinese government’s plans to provide more support for its economy is constructive. For base metals prices, it should, at worst, be a supportive factor in the coming few months and, at best, drive them higher. Aluminium: Limited upside potential We believe recent price action sugge...Read More
Macro support from China has dominated...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as...Read More
Aluminium LME aluminium price action produced a strong...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus downloa...Read More
Short-covering rebound responding to macro factors... ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the la...Read More
Macro, geopolitical improvements help boost...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest iss...Read More
* GRAPHIC-2019 asset returns: (Adds closing prices) By Zandi Shabalala LONDON, Sept 10 (Reuters) - Copper was steady on Tuesday asdownbeat factory data from China, the biggest producer of themetal, highlighted the impact of Beijing's trade conflict withthe United States and reinforced concerns about demand for themetal. Benchmark copper on the London Metal Exchange (LME)ended 0.2% higher at $5,825...Read More
Reaction to expedited Indonesian ore export ban We said in last week’s report that the focus in the nickel industry has quickly turned from the timing of the Indonesian ore export ban, to the response to the ban. Almost daily we are getting reports of the industry responding and reacting. Export scramble: On one hand, there are suggestions from Indonesia that smelter construction schedules wi...Read More