As Americans completed their taxes this spring, they battled for the last time with a tax system that for decades plundered their bank accounts and made American Continue...Read More

The seaborne iron ore concentrate market saw higher premiums and increased enquiries last week.The weekly Metal Bulletin 66% Fe Iron Ore Concentrate Index was at $89.57 per tonne cfr China on Friday April 27, up $1.69 per tonne - or 1.90% - from a week earlier. The daily Metal Bulletin 65% Fe Iron Ore Index averaged $84.88 per tonne cfr China over the week, up $1.22 per tonne - or 1.5% - from the...Read More

The London, Warsaw and Australian-listed company has two coal projects in Poland, Jan Karski and Bebiensko, and has signed a six-month non-disclosure agreement with JSW while the miner looks at buying them or partnering with Prairie.Read More

They will replace directors Matt Idiens and Dave Pelham, who plan to retire after the company's annual general meeting later this year.Both directors will also join the company's technical advisory committee, of which Roux has been made chairman.He was most recently COO of Endeavour mining and has over 42 years' experience in the mining industry, with previous experience at Anglo American, De...Read More

Prices for CIS-origin billet remained largely unchanged in the week ending Monday April 30 amid reduced buying activity.Mills and traders sold significant volumes of billet in the preceding week and took a wait-and-see position over the past seven days, preferring to assess the market situation.Traders expect to see another round of price falls in the near term, but mills were more optim...Read More

Import prices for steel billet in Southeast Asia have edged up again over the past week despite the level of general demand remaining soft, while prices for slab fell on lower offers after a period of high prices that lasted for several weeks.BilletMetal Bulletin's assessment of import prices for billet in Southeast Asia was $540-555 per tonne cfr for the week ended Monday April 30, widening upwar...Read More

Highlights included 50m at 0.56% copper, 0.5g/t gold and 236.4g/t silver; and 36m at 1.45% copper."We expect to convert a large portion of our inferred oxide resource to indicated, which was one of our primary objectives this season," CEO Adam Lundin said.Filo released a preliminary economic assessment on the oxide portion of the project's existing resource in November, which outlined an after-tax...Read More

RAPAPORT... Three Art Deco emerald and diamond pieces by legendaryBritish designer Hennell sold for $2.7 million (GBP 1.9 million) at Bonhams in Londonfollowing a bidding war. The collection's top-seller was an early-20th-century,double-sided-cabochon, 12.13-carat emerald and diamond pendant necklace (pictured), whichwent for $1.8 million (GBP 1.3 million), far exceeding its pre-sale estimate of$2...Read More

Gold and silver will zoom if there is any indication that interest rates will not be hiked in June by the Federal Reserve. Trump trade wars with China and Europe will impact industrial metals more. The Korean peninsula peace will be bearish for gold. There can be profit taking in long US dollar positions before the FOMC meet and April's NFP. Fundamentally gold and silver are bearish as physical...Read More

BOTSWANA – A diamond mine in Botswana will be offered for sale at an online auction after its liquidators failed to secure viable offers.Online bids for the Lerala Diamond Mine open at 17:00 on May 24 and run through 14:00 on May 30, according to a statement published in the weekly Monitor newspaper by the auctioneers, GoIndustry DoveBid.AdvertisementLerala, which is owned by Sydney-based Ki...Read More

(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

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

(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

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

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

(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

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

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

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

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