RAPAPORT... Israel's polished-diamond exports declined 33% to $1.16billion in the first quarter of 2018, the nation's Ministry of Economy andIndustry reported this week. By volume, outbound polished-diamond shipments fell 1% to496,783 carats after returns of goods. The average price for polished exportsdecreased 32% to $2,328 per carat. Polished imports rose 7% to $747.2 million, while netpolishe...Read More

U.S. Mint American Eagle gold coin sales collapse to weakest April since 2007 giving contrarian value buyers another buy signalby Renita D. Young of ReutersSales of U.S. Mint American Eagle gold coins dropped to their weakest April since 2007, while silver coin purchases for the month rose 10 percent higher than last year, U.S. government data showed on Monday.The U.S. Mint sold 4,500 ounces of...Read More

(IDEX Online) - The IDEX polished diamond price index was flat again in April, following a similar performance during March which came after and small increases in January and February.  The Index began the month at 123.22 and ended at 123.32. Outlook Trading was generally quiet in April due to the Passover and Easter holidays. Profit margins were somewhat hit due to the rise in rough polis...Read More

VANCOUVER (miningweekly.com) – A lack of new mining projects in the development pipeline of Canada’s Northwest Territories (NT) is threatening to derail the region’s economic growth outlook, the latest ‘Territorial Outlook’ by The Conference Board of Canada (CBoC) has found.The independent Ottawa-headquartered think tank points out that the NT has a “more muted&...Read More

In March, ASIC launched Federal Court proceedings relating to statements in Rio's 2011 annual report that were allegedly misleading or deceptive.Read More

The Iran issue after Israel accused Iran of hiding nuclear weapons prevented gold and silver from a big crash. Any increase in Iranian risk will result in crude oil prices galloping to $90 by next month. Gold will also follow the crude oil trajectory as an inflation hedge. The pace of rise of gold will lag crude oil. But I am sure gold will rise. Gold could trade in a $1237-$1430 wider range in...Read More

RAPAPORT... Joseph Samuel Jr., the former president of jewelry retailerJ. & S.S. DeYoung, died last week at 92. Samuel entered the Boston-based family business to work withhis uncle, Sydney DeYoung, after serving in the US Navy. He helped grow thecompany, which buys and sells fine estate jewels, rare gems and historicalpieces, into an internationally recognized firm, according to his daughter,...Read More

(IDEX Online News) - There were relatively few price changes in round diamonds in April, particularly in smaller diamonds under 0.50 carats. Diamonds of 1-2 carats saw some downward movement, while larger diamonds saw significant upward movement. This was particularly evident in 3.00-3.99 carat stones and, to a lesser extent, in the 4.00-4.99 and 5.00-5.99 carat categories. Fancy diamonds also saw...Read More

Premier said it had accepted Arc's offer of 6.13 million Arc shares, or about 1.9% of Arc's enlarged share capital.When the offer closes May 10, the company, formerly known as Ortac Resources, will own 95.9% of Casa, which holds a 71.25% stake in the 1.57 million ounce inferred resource Akyanga gold deposit in the Democratic Republic of Congo.Arc started a comprehensive soil sampling programme at...Read More

RAPAPORT... The liquidators of Kimberley Diamonds' Lerala mine in Botswana will offer theproject at an online auction later this month afterfailing to secure viable bids. Kimberley placed its Lerala subsidiary into judiciarymanagement - a restructuring option for insolvent companies - in June last yeardue to a lack of funding, media reports said at the time. Lerala produced about59,000 carats in t...Read More

Although the company reported an operating loss of US$9.4 million, this was an improvement from the loss of $15.6 million seen in 2016. Loss per share was 0.8c, down from a loss of 3.2c/share the previous year.Revenue for the year edged up 1% on the year to $28.3 million, although EBITDA fell 52% to $2.2 million and cash flow from operations dropped 73% to $1.3 million.Rambler milled a record thro...Read More

Prices for domestic steel rebar and imported steel billet in the United Arab Emirates decreased this week on poor demand, sources told Metal Bulletin on Tuesday May 1.And demand for imported rebar in both countries remained almost non-existent.Domestic rebarThe major rebar producers in the UAE announced new prices on April 25.The biggest steel producer, Emirates Steel, is now offering rebar at 2,3...Read More

Bell Copper Corp.'s (TSXV:BCU) project is located on a productive porphyry copper trend near Freeport McMoran Corp.'s Bagdad minePeter Kennedy | May 1, 2018 | SmallCapPower: It is not every day that a junior exploration company stumbles on a major copper porphyry deposit. Currently the world's largest source of copper ore, porphyry deposits are traditionally the domain of major multi-national mini...Read More

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The United States decision to extend Europe's exemption from Section 232 tariffs until June 1 only serves to prolong the uncertainty, the European Commission (EC) and European steel association, Eurofer, said on Tuesday May 1.The US authorities postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico on April 30. Originally, the EU was...Read More

RAPAPORT PRESS RELEASE, May 1, 2018, New York... The diamond market was seasonally quiet in April as dealers took vacation over the Passover and Easter holidays. Polished prices were steady, with manufacturers protecting their profit margins against recent rough-price hikes. The RapNet Diamond Index (RAPI?,,?) for 1-carat diamonds was flat in April. RAPI for 0.30-carat stones declined 0.6%, while...Read More

LME aluminium cash price plunged 7.8%...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

RESOURCEStocks: First of all, White Rock recently raised significant capital for the upcoming summer drilling in Alaska, and other corporate development. What did the raising say about the market appetite for the company's dual development focus and one stream of it in particular?Matt Gill: Our recent capital raising comprised a placement to raise A$1.6 million and a rights issue to existing share...Read More

The United States has postponed imposing Section 232 tariffs on steel and aluminium imported from the European Union, Canada and Mexico, until June 1.President Donald Trump's administration announced the extension of temporary exemptions for the key trading blocs at the last moment on Monday April 30. A 10% import tax on aluminium and a 25% import tax on steel were due to come into effect on...Read More

U.S. equity index futures were slightly lower this morning. S&P 500 futures were down 2 points in pre-opening trade.The Canadian Dollar rallied to U.S. 77.88 cents following released of Canada's February Real GDP report. Consensus was an increase of 0.3% versus a gain of 0.1% in January. Actual was an increase of 0.4%. On a year-over-year basis, Canada's GDP grew at a 3.0% rate. First quarter...Read More