Recent News

Gem Diamonds Unearths 135ct. Yellow

June 25, 2019 / www.diamonds.net

RAPAPORT... Gem Diamonds has recovered a 135-carat yellow at its Let??engmine in Lesotho, the third significant colored-diamond discovery at the depositthis year. The company retrieved the high-quality, type I stone on June21, three months after the mine yielded a similar quality yellow diamondweighing 134 carats. Those discoveries follow a two-year gap in the recovery ofyellow diamonds weighing m...Read More

De Beers Rebrands Grading Unit

June 25, 2019 / www.diamonds.net

RAPAPORT... The International Institute of Diamond Grading and Research(IIDGR) has changed its name to De Beers Group Industry Services to enableconsumers to clearly identify it as part of the De Beers group. "[The rebranding] will make things clearer and simpler forcustomers, and [will] make the business's position as part of De Beers Groupmore obvious," David Johnson, head of strategic clie...Read More

Trump's tariffs taunting to Indian diamond industry

June 25, 2019 / www.idexonline.com

Following the United States' decision - by means of a decree by President Donald Trump - to withdraw benefits under the Generalised System of Preference (GSP), the price of polished diamonds exported by India to the US will increase with seven to eight percent, according to rating agency CRISIL.  Currently, the US accounts for about half of the India's diamond exports to the US, at...Read More

Times of India: Two leading Indian companies said to be in financial trouble

June 25, 2019 / www.idexonline.com

The leading India daily Times of India (ToI) reported that "due the slum in [the] diamond industry for the past couple of years," two large companies, one in Mumbai and one of Surat are unable to pay off their debts to their banks, saw their credit lines withdrawn, and are basically bankrupt. One Mumbai-based diamond manufacturing and trading company is said to be "saddled with huge borrowings fr...Read More

India's Enforcement Directorate (ED) wants Choksi back home for trial

June 25, 2019 / www.idexonline.com

India's Enforcement Directorate (ED) has termed as a facade an affidavit submitted by the fugitive Indian diamantaire and jewelry manufacturer Mehul Choksi in which Choksi claimed that his health problems prevent him from doing so. The ED consequently offered to provide an ambulance and a team of medical experts to bring Choksi back from Antigua and to provide him with all necessary treatment...Read More

DMCC adds 1,868 companies to free zone in 2018

June 25, 2019 / www.idexonline.com

The Dubai Multi Commodities Centre (DMCC) welcomed 1,868 new companies to its free zone in 2018, a 12 percent increase compared to 2017. The construction of Uptown Dubai, DMCCs new district, is also well underway to accommodate the demand for additional space, DMCC announced. "We have established our position as the preferred free zone for companies looking to set up their businesses in the region...Read More

N$300m tender for valuation of NamDeb's diamond production still controversial

June 25, 2019 / www.idexonline.com

The Namibian reported earlier this week that businessman David Shimwino denied having any links to Gem Diamonds, the company that won a N$300 million contract to valuate Namdeb diamonds over the next five years. Namibia's Central Procurement Board (CPB) awarded the N$300 million contract to Gem Diamonds Namibia, while Global Diamond Valuators Namibia, the firm that currently provides the val...Read More

Orion on the hunt for South Africa mine capital

June 25, 2019 / www.mining-journal.com

Greenland shines brightly in the rare earth spotlightSPONSOREDgreenland mineralsBlack Rock readies for race to graphite productionSPONSOREDblack rock miningE25 powering towards Butcherbird PFSSPONSOREDelement 25Finally, a changed mining tech M&A landscapeSPONSOREDatricoAccording to Orion's bankable feasibility study, the project has an NPV post-tax of A$408 million (using an 8% discount rate),...Read More

Market Summary: An important week

June 25, 2019 / www.metalbulletinresearch.com

An important week While base metal prices have suffered in line with the downturn in economic activity, which we blame largely on the US-China trade dispute, generally the fundamentals have remained tight, especially on the supply side. Should a US-China trade deal be forthcoming then we would expect business confidence to rebound, supply chains to restock and more severe tightness to emerge. The...Read More

Aluminium: Bracing for short-covering

June 25, 2019 / www.metalbulletinresearch.com

Aluminium prices gave up last week’s...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...Read More

Technical analysis: Most metal trying higher

June 25, 2019 / www.metalbulletinresearch.com

Aluminium The LME three-month aluminium price had a...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 t...Read More

Copper: Price rebound likely to continue

June 25, 2019 / www.metalbulletinresearch.com

Copper prices start picking up steam 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 soo...Read More

Lead: Higher prices reflect genuine tightness

June 25, 2019 / www.metalbulletinresearch.com

Spot TCs still on the...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 soon as it’...Read More

Sandfire set for Botswana turn

June 25, 2019 / www.mining-journal.com

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumSandfire failed early this year to transact a deal valuing the Botswana-focused MOD's shares at 38c, but it is set to be successful this time after upping the bid about 18% to 45c and including a cashRead More

Nickel: Back at $12,000 per tonne

June 25, 2019 / www.metalbulletinresearch.com

From strength to strength as short-covering set in...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 lat...Read More

Tin: Pain for tin bulls nearly over

June 25, 2019 / www.metalbulletinresearch.com

Under pressure LME tin prices have...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 soo...Read More

Zinc: Still in deficit

June 25, 2019 / www.metalbulletinresearch.com

ILZSG reports a big global deficit...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 soo...Read More

Base metals investment analysis: Short-covering in lead a warning for other net short markets

June 25, 2019 / www.metalbulletinresearch.com

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 soon as it’s published.SubscribeRead More

Demand Indicators: June 25 2019

June 25, 2019 / www.metalbulletinresearch.com

Click here to download the Selected Demand IndicatorsACCESS 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 lat...Read More

Capstone restarts Pinto Valley

June 25, 2019 / www.mining-journal.com

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumThe company had curtailed activities on Thursday as the fire neared its western property boundary.Read More

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