The sale of Brazilian group Odebrecht’s 16.4% stake in Angolan diamond mining company Sociedade Mineira de Catoca (Catoca Mining Company) to the mine’s two main shareholders has been approved by Angolan President João Lourenço. He signed the decree authorising the deal earlier this month, Russian diamond mining group Alrosa has reported. The value of the deal is $140-mill...Read More

Anglo American has appointed Tyler Mitchelson as the chief executive officer (CEO) of its metallurgical coal business, effective April 3. Mitchelson is currently the miner's group head of integration and business planning, based...Read More

With commodity prices improving and the mining industry moving towards positive growth, indications are that participants at the Investing in African Mining Indaba 2018 will experience the “return of investor appetite” first-hand, says Mining Indaba MD Alex Grose.This renewed investor interest suggests that the African mining sector is likely to benefit from increased investment this y...Read More

MOSCOW – Alrosa could sell around 40-million carats of diamonds in 2018 provided market conditions are favourable, the Russian State-controlled diamond miner said on Thursday.The world's largest producer of rough diamonds has said it expects production to fall in 2018 due to an accident at its Mir mine last year although reserves would allow it to keep sales steady.AdvertisementIt expect...Read More

JOHANNESBURG (miningweekly.com) – Buoyed by stronger trading conditions and a contribution from the ramp-up of its Canada-based Gahcho Kué mine in the fourth quarter of 2017, diamond giant De Beers increased its total rough diamond production for the year by 22% to 33.5-million carats, boosted by a 5% increase in production in the fourth quarter to 8.1-million carats.However, among ot...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade.European Central Bank's monetary policy remains unchanged.The Canadian Dollar was virtually unchanged following release of Canada's November Retail Sales. Consensus was an increase of 0.8% versus a gain of 1.5% in October. Actual was an increase of 0.2%.Index futures were virtually unchang...Read More

JOHANNESBURG (miningweekly.com) – Further geological work will be conducted at diamond exploration and project development company Botswana Diamonds’ Thorny River project, in Limpopo, to further refine grade and revenue estimates and extend volume estimates. “We have made rapid progress at Thorny River with the generation of volume and grade estimates following intensive exp...Read More

SHANGHAI, Jan 25 (SMM)? 1/4 ?Nonferrous futures performed strongly today except for a slight drop in lead prices. SHFE nickel surged 5.6% and copper rose over 2%. Aluminium and zinc both rose around 1% as tin edged up. Ferrous metals also traded up, with coke rising nearly 4% and coking coal up almost 3%. Iron ore gained 1.5% and hot-rolled coil was up 1.4%. Rebar traded 1% higher.Copper: SHF...Read More

SHANGHAI, Jan 25 (SMM)? 1/4 ?Nonferrous futures performed strongly today except for a slight drop in lead prices. SHFE nickel surged 5.6% and copper rose over 2%. Aluminium and zinc both rose around 1% as tin edged up. Ferrous metals also traded up, with coke rising nearly 4% and coking coal up almost 3%. Iron ore gained 1.5% and hot-rolled coil was up 1.4%. Rebar traded 1% higher.Copper: SHF...Read More

SHANGHAI, Jan 25 (SMM)? 1/4 ?Nonferrous futures performed strongly today except for a slight drop in lead prices. SHFE nickel surged 5.6% and copper rose over 2%. Aluminium and zinc both rose around 1% as tin edged up. Ferrous metals also traded up, with coke rising nearly 4% and coking coal up almost 3%. Iron ore gained 1.5% and hot-rolled coil was up 1.4%. Rebar traded 1% higher.Copper: SHF...Read More

Listen to this podcast on our site by clicking here or subscribe on iTunes here.We're living in unusual times, and trying to predict market movements is extremely difficult, which is why this time on the Big Picture, Jim Puplava discussed what's concerning him and where we might expect to see market challenges develop in the near future.Strange Days AfootBased on a number of metrics...Read More

SHANGHAI, Jan 25 (SMM)? 1/4 ? China releases data on its import and export of copper in December 2017 (Unit: mt): Read More

Base metals prices on the London Metal Exchange were on divergent paths at the close on Thursday January 25, with the weak dollar still the key supportive factor. The dollar index continued to crumble further; it is now down 13% since the turn of the year and hit a low of 88.43 today. "For the time being, it seems that commodity markets want to push higher, with a weaker dollar being a formidable...Read More

JOHANNESBURG (miningweekly.com) – Diamond mining company Alrosa has appointed Jim Vimadalal, who previously worked at the Indian offices of Rio Tinto and Swarovski, as director of its representative office in Mumbai.The Indian office is scheduled to open in March.AdvertisementVimadalal will be responsible for cooperating with local industry organisations and advising clients on technical iss...Read More

SHANGHAI, January 25 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in December 2017 (unit: mt): Read More

SHANGHAI, Jan 25 (SMM)? 1/4 ?The General Administration of Customs on January 25 released data of China's import and export of refined zinc and other zinc products for December 2017 (unit:mt):Read More

Warren Buffet has such a trove of insightful investment quotes, and one of his best came in 2004. In his annual letter to shareholders, he wrote, "And if they insist on trying to time their participation in equities, they should try to be fearful when others are greedy and greedy only when others are fearful."There's no doubt you've heard this quote before, as it's a guiding light for contrar...Read More

Comex copper prices were little changed in the US morning on Thursday January 25 after the metal experienced outsized price movements over the last couple of sessions. Copper for March settlement on the Comex division of the New York Mercantile Exchange inched up 0.10 cents or 0.1% to $3.2295 per lb. The red metal saw prices tumble to a one-month low on Tuesday before rebounding on Wednesday, sugg...Read More

SHANGHAI, January 25 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in December 2017 (unit: mt): Read More

SHANGHAI, Jan 25 (SMM)? 1/4 ?While the LME nickel price is likely to go up further to $13,800-14,000/mt as stainless steel mills continued to restock ahead of the Chinese New Year holiday, SMM believes there is downside risk around March and April. This would be mainly due to the increase in Indonesian nickel ore supply and less maintenance work at nickel pig iron (NPI) plants.In addition, st...Read More