She has been CFO and director of the Botswana subsidiary since March 2013 and has more than 17 years' experience in the mining industry, including 10 years at the senior management level of Debswana's corporate finance department.In her new role, Lahri will work closely with Boteti general manager Johane Mchive to help drive improved performance at the Karowe diamond mine in Botswana.Read More
Domestic prices for mesh-quality wire rod produced and delivered in both Northern and Southern Europe have widened downward week on week because of reduced demand, sources said on Wednesday May 2.Public holidays in several European countries this week have contributed to a drop in market activity.Southern European domestic prices for mesh-quality wire rod fell ?,?5 per tonne at the lower end of th...Read More
SHANGHAI, May 2 (SMM) – Nonferrous metals rebounded on the afternoon of May 2, buoyed by ferrous metals. SHFE lead rose 1.58% and nickel gained close to 1%. Zinc inched up slightly. Copper closed nearly 1% lower while aluminium and tin edged down.The ferrous complex rose across the board. Rebar led the increase with a gain of 4.28%. Coke and coking coal grew about 4%. Hot-rolled co...Read More
He will also join the company's board on July 1 and continue to be responsible for operations.Velloza joined Gem in May 2016 after leaving his position at general manager for BHP in Australia's Pilbara region.During his 25-year career, he has also held senior operational management roles at De Beers. BHP and AngloGold Ashanti and has broad mining experience across operation in Southern and East Af...Read More
A prefeasibility study is underway for what may become the Arrow uranium mine on the south rim of the Athabasca Basin. (Image: NexGen Energy)SASKATCHEWAN - Vancouver-based NexGen Energy has concluded its 54-hole winter drilling campaign at the Arrow and Arrow South targets as well as a regional program. The targets form part of the Rook 1 uranium property in the Athabasca Basin.Follow up drilling...Read More
Prices for rebar produced and delivered in Southern Europe narrowed upwards in the week to Wednesday May 2, which reflected a slight increase in scrap prices, sources told Metal Bulletin.Market activity remained quiet, however, with public holidays in several European countries.Metal Bulletin's weekly domestic price assessment for rebar in Southern Europe narrowed upwards by ?,?5 per tonne week on...Read More
SHANGHAI, May 2 (SMM) – Weak demand and the new, lower value-added tax (VAT) weighed down spot copper offers in Shanghai on Wednesday April 2. Spot copper with invoices for May was mostly offered at a discount of 50 yuan/mt to a premium of 20 yuan/mt over the SHFE 1805 contract. Prices fell in both the copper futures and spot market in Shanghai on the first trading day after the Labour...Read More
The overall mineral resource now stands at 14 million tonnes at 1.1% lithium oxide containing 149,300t of Li2O, with the update being the second this year and the third estimate overall.The updated resource was defined from three deposits — Grandao, Reservatorio and Noa — with the estimate at the Grandao deposit increasing around 87% to 10.3Mt at 1.1% Li2O containing 11,600t of Li...Read More
RAPAPORT... Lucara Diamond Corp. has appointed Naseem Lahri as the firstfemale managing director of its Boteti Mining subsidiary, which owns thehigh-value Karowe mine. "I am delighted to be welcoming Naseem into her new role asmanaging director of Boteti, the first woman and the first Motswana woman toserve in this capacity for a diamond company in Botswana," said Lucara CEO EiraThomas said Tuesda...Read More
The Turkish deep-sea scrap import market remained quiet on Wednesday May 2, after a break for public holidays in Turkey and across much of Europe on May 1, but steel mills were still expected to book more cargoes for May delivery.Turkish steel mills have booked more than 20 deep-sea cargoes for May delivery so far, and more cargoes are expected to be bought in the next few days, according to marke...Read More
(IDEX Online) - cThe paper will aim to address critical banking issues such as assessment of credit limit, collateral security, related party transactions, inventory valuation, and subsidiary cguidelines, and is aimed at mitigating the concerns of the key stakeholders of the industry that has been hit by the recent Nirav Modi fraud case. The white paper, entitled 'Diamond Financing 2018 New...Read More
JOHANNESBURG (miningweekly.com) – Diamond miner Gem Diamonds has appointed COO Johnny Velloza as deputy CEO with immediate effect.Velloza will join the company’s board from July 1 and will continue to be responsible for the company’s operations.AdvertisementTo watch Creamer Media's latest video reports, click here AdvertisementRead More
The placement will include 2.5 million units at $2 each, with each unit comprising one common share and one half of a non-transferrable warrant, which are exercisable into an additional common share for a 24-month period at a price of $3 per share.The company expects to close the placement on or around June 15, subject to certain conditions.Mirasol is a project generator that aims to expand its ex...Read More
RAPAPORT... Gem Diamonds has appointed Johnny Velloza deputy CEO,effective immediately, the company said Wednesday. Velloza has been the miner's chief operating officer for thepast two years. He will continue in that position, and will also join thecompany's board on June 1. Gem Diamonds owns the Let??eng mine in Lesotho, known for itshigh-value rough stones.Read More
The seaborne iron ore market picked up after the May 1 public holiday, following the announcement by steel mills of price hikes for early May shipments. Metal Bulletin 62% Fe Iron Ore Index: $66.98 tonne cfr Qingdao, up by $1.55 per tonne Metal Bulletin 58% Fe Premium Index: $55.94 per tonne cfr Qingdao, up by $0.46 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.30 per tonne cfr Qi...Read More
(IDEX Online) - The GIA will offer a new synthetic diamond seminar at GIA locations around the world beginning in Hong Kong on June 19, just before the Hong Kong Gem Show. The one-day program, taught by GIA research scientists and experienced classroom instructors, will combine lectures with practical lab instruction, including the latest GIA instrumentation for differentiating natural diamonds f...Read More
SHANGHAI, May 2 (SMM) – Imported copper concentrate traded actively as smelters saw stronger demand for stockpiling in the second quarter of the year, SMM learned. Traded prices of treatment charges (TCs) mostly stood at $73-76/mt, according to members of the China Smelters Purchase Team (CSPT).Market participants took a pessimistic outlook on TCs in the second half of the ye...Read More
It also intends to list on Spain's Madrid, Barcelona, Bilbao and Valencia stock exchanges for the same reasons.Berkeley is developing the Salamanca uranium mine in western Spain where it began construction at the start of the year."Given the geographic location of the Salamanca project in Europe and the size and maturity of the company and its operations, the directors consider that a listing on b...Read More
JOHANNESBURG (miningweekly.com) – Diamond miner Lucara Diamond Corporation on Tuesday announced that its Botswana subsidiary Boteti Mining’s CFO and director, Naseem Lahri, has been promoted to Boteti Mining MD.Lahri has served as Boteti Mining’s CFO since 2013 and is a professional accountant with a master’s degree in strategic management. She has more than 17 years’...Read More