Recent News

India Posts Sharp Rise in Polished Exports in March

April 30, 2018 / www.idexonline.com

(IDEX Online) - India posted a rise in polished diamond exports of 8.5% in March to $2.03 billion, the Gem and Jewellery Export Promotion Council (GJEPC) reported. In the country's fiscal year so far (April-March), polished exports increased by 4.2% to $23.7 billion. Imports of rough diamonds rose 5.3% to $1.68 billion in March, while rough imports for April to March jumped 10.6% to $18.9 billio...Read More

Trade Group Holds Seminar on Colored Diamonds

April 30, 2018 / www.diamonds.net

RAPAPORT... The Natural Color Diamond Association (NCDIA) will hold aseminar during the upcoming JCK Las Vegas show, to be moderated by Rapaport Editor in Chief Sonia EstherSoltani.The series, which will discuss the benefits of naturaldiamonds and natural colored diamonds, will feature a variety of panelists,including Andrew Coxon, president of the De Beers Institute of Diamonds; Andrew Bone, exec...Read More

Namibia's Revised Mining Act to be Completed by End of 2018

April 30, 2018 / www.idexonline.com

(IDEX Online) - Namibia aims to complete revisions to its mining act by the end of 2018, according to Mines Minister Tom Alweendo. The revisions being considered include policies on environmental and social responsibility and ensuring the "legislation is sufficiently attractive to inspire new investment," Alweendo said, according to a Reuters report. The country's mining sector is currently govern...Read More

GLOBAL FERRO-SILICON WRAP: China market bounces on supply fears; Europe, US prices drop

April 30, 2018 / www.metalbulletin.com

The Chinese ferro-silicon market has rebounded in the week to Friday April 27, ending a steady run of losses since early March, because of supply worries and renewed buying from traders; prices in Europe and the US have gone the other way, however, due to slack demand for alloy on a prompt basis. China pares losses, eyes more gains as China futures jumps Europe, US suppliers cut offer prices...Read More

Phillips to Sell Rare 53ct. Sapphire Necklace

April 30, 2018 / www.diamonds.net

RAPAPORT... Phillips's May Hong Kong auction will feature a rare52.50-carat Kashmir sapphire and diamond necklace with an estimated price of $2.2million to $2.9 million (HKD 17 million to HKD 23 million). "We are very proud to be entrusted to present a very rareand important Kashmir sapphire and diamond necklace - the first to be offered atauction in the past decade," Terry Chu, head of jewel...Read More

Natural Color Diamond Association to Hold Seminar at JCK Show

April 30, 2018 / www.idexonline.com

(IDEX Online) - The Natural Color Diamond Association will hold a seminar on 'The benefits and virtues of natural diamonds and natural color diamonds' during the JCK show on June 1. Among the industry figures taking part will be: Andrew Coxon - President, The De Beers Institute of Diamonds; Andrew Bone - Executive  Director, Responsible Jewelry Council; Alethea Inns - Director of Gemology an...Read More

AngloGold ups stake in Pure Gold

April 30, 2018 / www.mining-journal.com

Pure Gold expects to make a production decision later this year for the high-grade, previously mined project that is said to have historically produced 2.5 million ounces of gold.Read More

DCWC Adds Five New Board Members

April 30, 2018 / www.diamonds.net

RAPAPORT... The Diamond Club West Coast (DCWC) has elected five people to its board of directors. The new members are Gaby Bachoura of Jewelry Palace, LisaWiener of Worldwide Diamonds, Avida Giloh of Revere Jewels, Steve Korshak of KorshakDiamonds and Setu Doshi from JB Brothers USA. They will join existing board membersDoron Auslander of Adler Trading Co., Tony Ayvazian from Ayvazian Co. and Vipu...Read More

Hummingbird picks up speed

April 30, 2018 / www.mining-journal.com

The company plans to produce 105,000-115,000 ounces of gold in 2018, including the March quarter.It produced 18,785oz of gold at an average grade of 2.96g/t during the three-month period, with 9,912oz poured in March alone.Total ore processed during the period was 238,628 tonnes at a recovery rate of 96.1%.The company completed construction of the plant and commissioning in late 2017 at an $88.5 m...Read More

India Sees Rise in Polished Exports

April 30, 2018 / www.diamonds.net

RAPAPORT... India's polished-diamond exports grew 8% in March, accordingto data the nation's Gem and Jewellery Export Promotion Council (GJEPC)released Friday. Shipments increased to $2.03 billion year on year for themonth, with the volume of exports falling 8% to 2.8 million carats, the GJEPCfigures showed. The average price of exports jumped 18% to $721 per carat. Polished imports slumped 34% t...Read More

Northern Star hits 600,000oz annual run-rate

April 30, 2018 / www.mining-journal.com

Gold sold in the March quarter was 119,976oz at all-in sustaining costs of A$1,075 per ounce, taking year-to-date sales to 387,254oz at AISC of $1,053/oz.The company narrowed full-year guidance to 540,000-560,000 from 525,000-575,000oz, with AISC guidance left unchanged at $1,000-1,050/oz.June quarter production is expected to jump to 150,000oz of gold."They say the journey is better than the arri...Read More

Tech Talk for Monday April 30th 2018

April 30, 2018 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. Index futures were virtually unchanged following release of economic news at 8:30 AM EDT. Consensus for March Personal Income was an increase of 0.4% versus a gain of 0.4% in February. Actual was an increase of 0.3%. Consensus for March Personal Spending was an increase of 0.2% versus a g...Read More

Protests halt Peru project

April 30, 2018 / www.mining-journal.com

The Ross Beaty-chaired company said on Friday that its Huaron operations had been suspended since Tuesday due to road blockades by the Huayllay community.Read More

Epiroc makes sound start

April 30, 2018 / www.mining-journal.com

According to Atlas Copco's financial figures for the three months to March 31, Epiroc enjoyed an 18% growth in orders received compared with the same period in 2017.It also had an 11% jump in revenues to 8.2 billion Swedish krone (US$945 million) and a 7% rise in operating profit to SEK1.5 billion. The reported operating profit includes SEK95 million in one-time costs related to the split and the...Read More

Emeco to raise equity for new M&A

April 30, 2018 / www.mining-journal.com

Matilda, which has offices in Toowoomba, Mackay and Perth, has a fleet of 83 pieces of mining equipment with an average age of 9,300 hours, compared to Emeco's average of 25,000 hours.Read More

AMARILLO REPORTS 2017 FOURTH QUARTER AND ANNUAL RESULTS AND PROVIDES CORPORATE UPDATE

April 30, 2018 / www.amarillogold.com

Toronto, Ontario - April 30, 2018 - Amarillo Gold Corporation ("Amarillo" or the "Company") (TSX.V:AGC) today announces its financial results for the fourth quarter ("Q4") and year ended December 31, 2017. This press release should be read in conjunction with the Company's consolidated financial statements and Management's Discussion & Analysis ("MD&A") for the year ended December 31, 201...Read More

Copper Fox Outlines Leach Cap at Mineral Mountain Project

April 30, 2018 / copperfoxmetals.mwnewsroom.com

CALGARY, Alberta, April 30, 2018 (GLOBE NEWSWIRE) -- Copper Fox Metals Inc. (“Copper Fox” or the “Company”) (TSX-V:CUU) (OTC:CPFXF) is pleased to provide analytical results for eight of the re-sampled trenches on its 100% owned Mineral Mountain copper project located near Florence, Arizona (see news release dated February 8, 2017). The balance of the trenching results will...Read More

Zenith powering ahead

April 30, 2018 / www.mining-journal.com

Zenith Energy (ASX: ZEN) managing director Hamish Moffat said the company had achieved a high strike rate in securing three big new build-own-operate (BOO) contracts with Newmont Mining, Dacian Gold and Gascoyne Gold since its 2017 IPO and listing, as well as contract extensions. With Newmont's power plant at Tanami in central Australia to be commissioned early in 2019, Zenith will have more than...Read More

Brixton Metals Drills 1.38% Cobalt, 63.00 g/t Silver over 2.00m

April 30, 2018 / brixtonmetals.com

April 30, 2018 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce drill results from its wholly owned Hudson Bay project located in the Cobalt Camp, Ontario, Canada.Highlights from 8 drill holes Drill hole HB18-23 intersected 2.00m of 1.38% cobalt, 63.00 g/t silver from 133m depthDrill hole HB18-23 intersected 23.00m of 55.55 g/t silver, 1.16% copper from...Read More

World silico-manganese supplies up 41.9% amid soaring Chinese output

April 30, 2018 / www.metalbulletin.com

World silico-manganese supplies rose by 41.9% year on year in March to 1.37 million tonnes due to soaring Chinese production feeding strong demand from domestic steel mills, according to the International Manganese Institute (IMnI). In the first quarter of 2018, world supply of the alloy rose 36.9% year on year.In March alone, output was up 8.9% compared with February. The institute said global de...Read More

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