(IDEX Online) - Dubai Diamond Exchange (DDE), a DMCC platform, and the only bourse in the Middle East affiliated with the World Federation of Diamond Bourses (WFDB), has elected its new Board of Directors with Dubai Diamond Exchange Chairman, Ahmed Bin Sulayem, at the helm. "The Dubai Diamond Exchange has rapidly grown to a focal point for the global diamond trade with over 1,000 members and...Read More
SHANGHAI, May 7 (SMM) –Copper: Copper prices were suppressed by stronger US dollar over the weekend. Technically, LME copper now stands at the $6,840/mt level with pressure from several moving averages, but the SHFE 1806 copper contract still stands below the moving averages with little support. We expect the SHFE 1806 contract to trade at 51,200-51,600 yuan/mt today. Spot prices are seen hi...Read More
Sprott has provided the senior secured credit facility which EMX intends to use for corporate and working capital.Read More
RAPAPORT... The Israel Diamond Institute (IDI) has appointed Aviel Eliaas managing director, succeeding Eli Avidar, it said Monday."Aviel is very well versed in IDI's mission and activities,"said chairman Boaz Moldawsky. "He has shown leadership, initiative andcommitment. We are all very pleased that he will now be leading theorganization." Elia (pictured) has been legal adviser and company s...Read More
(IDEX Online) - The Board of Directors of the Israel Diamond Institute (IDI) has appointed Adv. Aviel Elia as its new Managing Director. He replaces Eli Avidar, who joined IDI in 2007 and successfully served in this position, with a brief hiatus, until now. Elia, an attorney, has served as Legal Adviser and Company Secretary of IDI since 2013. As a key member of IDI's management team, Elia...Read More
The Nyngan and Flemington royalties were two of a number Jervois has been looking to sell as it focuses on its Nico Young laterite cobalt-nickel project in New South Wales - where a prefeasibility study is due at the end of next quarter.Read More
RAPAPORT... Hong Kong's polished-diamond imports jumped in the firstquarter, recent data from the municipality's trade body showed. Shipments into the center rose 10% to $5.17 billion in thefirst three months, according to data from the Diamond Federation of Hong Kong,China. By volume, imports grew 6% to 5.3 million carats, while the averageprice increased 3% to $982 per carat. Polished...Read More
(IDEX Online) - ALROSA's Supervisory Board has recommended the payment of dividends for 2017 of approximately $615 million. Around 50% of the amount is ALROSA net profit under IFRS, the mining giant said. Read More
Goldcorp last month conditionally agreed to take a 14% stake in the new Quebec Precious Metals Corp, being created by a merger of Canada Strategic Metals and Matamec Explorations.As part of the arrangement, the new company will acquire Sphinx Resources' three gold projects, including the Chemin Troilus project which Durango noted was north-east of its Découverte property."James Bay is...Read More
RAPAPORT... Alrosa sold $14.8 million worth of large rough diamonds atan auction in Vladivostok, the Russian miner said last week. The sale featured 101 special-size stones -those over 10.8 carats - weighing a total of 1,751 carats. "The auction [produced]...very good results, confirming highdemand for this category of rough diamonds," said Evgeny Agureev, director of theUnited Selling Organizatio...Read More
(IDEX Online) - ALROSA may acquire Russia's major diamond polisher, Kristall, in a bid to support the country's gem-cutting industry and help create a stronger competitor to global group De Beers. The country's domestic diamond polishing industry as been facing tough times from foreign polishers after the government abolished a 6.5% export duty on rough diamonds in 2016. ALROSA said on Friday it...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 7 points in pre-opening trade.Quarterly reports continue to flow in. Companies that reported this morning included EW Scripps, Tyson Foods, Sysco, Sempra Energy, PetMet and Gannett.Shake Shack dropped $1.20 to $54.75 after JP Morgan downgraded the stock to Under Weight from Neutral.Alibaba gained $1.11 to $190.00 after...Read More
SHANGHAI, May 7 (SMM) – Nonferrous metals futures rose for the most part on Monday May 7 as SHFE zinc led the gains with an increase of nearly 2.3%. Lead grew 2%, aluminium and nickel inched up, and copper went flat. Tin dipped slightly.The ferrous complex saw coking coal surge almost 4%. Coke gained over 2%, while hot-rolled coil and iron ore inched up. Rebar went down slightly.Copper: The...Read More
Listen to this podcast on our site by clicking here or subscribe on iTunes here.Financial Sense Newshour just spoke with Craig "Bullseye" Johnson from Piper Jaffray to get his outlook on the market.Johnson believes the corrective phase that started in February is not over and provided some downside targets for the S&P 500. He's alsopositive on the energy complex and noted a poss...Read More
SHANGHAI, May 7 (SMM) – Nonferrous metals futures rose for the most part on Monday May 7 as SHFE zinc led the gains with an increase of nearly 2.3%. Lead grew 2%, aluminium and nickel inched up, and copper went flat. Tin dipped slightly.The ferrous complex saw coking coal surge almost 4%. Coke gained over 2%, while hot-rolled coil and iron ore inched up. Rebar went down slightly.Copper: The...Read More
SHANGHAI, May 7 (SMM) – Nonferrous metals futures rose for the most part on Monday May 7 as SHFE zinc led the gains with an increase of nearly 2.3%. Lead grew 2%, aluminium and nickel inched up, and copper went flat. Tin dipped slightly.The ferrous complex saw coking coal surge almost 4%. Coke gained over 2%, while hot-rolled coil and iron ore inched up. Rebar went down slightly.Copper: The...Read More
Orica has reported a first half statutory net loss of A$229 million on 4% lower revenues of A$2.53 billion, year-on-year for the six-month period ending March 31, with earnings before interest and tax (EBIT) down 20% yoy to $252 million.In Australia, Pacific and Asia - which makes up for 60% of Orica's business - volumes and revenues rose 10% and 8%, respectively, however EBIT was down 3%."The sta...Read More
SHANGHAI, May 7 (SMM) –Copper: Copper prices were suppressed by stronger US dollar over the weekend. Technically, LME copper now stands at the $6,840/mt level with pressure from several moving averages, but the SHFE 1806 copper contract still stands below the moving averages with little support. We expect the SHFE 1806 contract to trade at 51,200-51,600 yuan/mt today. Spot prices are seen hi...Read More
SHANGHAI, May 7 (SMM) –Copper: Copper prices were suppressed by stronger US dollar over the weekend. Technically, LME copper now stands at the $6,840/mt level with pressure from several moving averages, but the SHFE 1806 copper contract still stands below the moving averages with little support. We expect the SHFE 1806 contract to trade at 51,200-51,600 yuan/mt today. Spot prices are seen hi...Read More
SHANGHAI, May 7 (SMM) – Spot copper was mostly offered at a discount of 10 yuan/mt to a premium of 40 yuan/mt over the SHFE 1805 contract on Monday May 7 in the Shanghai market. This compared with a discount of 30 yuan/mt to a premium of 10 yuan/mt last Friday.High-quality copper saw more trades as traders were keen to purchase due to the approaching delivery date for SHFE 1805 contract...Read More