A court hearing following Zambia's decision to name a provisional liquidator to run Vedanta Resources' Konkola Copper Mines (KCM) business was adjourned for a week on Tuesday without tackling Vedanta's demands to be involved, the company said.Vedanta Resources, part-owner of the Mumbai-listed Vedanta group of companies, is KCM's majority shareholder while Zambian state mining company ZCCM-IH holds...Read More

Monarca Minerals (TSXV: MMN) entered into an option agreement to acquire a 100% interest in the 5,580-hectare San Jos?(C) project located in Chihuahua, northern Mexico.To go ahead with the deal, Monarca will pay a total of $150,000 to the mining concession owners and the agreement includes a 2% Net Smelter Return royalty upon reaching commercial production.In a media statement, the Canadian miner...Read More

Solutions will be implemented to solve long-standing environmental issues associated with waste dumps left behind at the Anaconda copper mine site after the company of the same name shut down operations in 1978 and following Arimetco's takeover and abandonment of the site in 1999.This is according to Quaterra Resources (TSXV: QTA), a Canadian miner that owns the 51-square-mile Yerington copper pro...Read More

The London Metal Exchange zinc prices rose in morning trading on Tuesday June 6 after 15,050 tonnes of exchange stocks were canceled. The cancellations, which will take metal out of Rotterdam warehouses, mean total LME on-warrant stocks are down by 16%. The spread between the LME's cash and three-month prices remains in a steep backwardation of $142 per tonne. At $2,495 per tonne, the...Read More

London-listed Pembridge Resources will purchase Capstone Mining's Minto copper mine in a deal that could total $20 million based on future price performance, but does not guarantee any money will change hands at current levels.Pembridge will pay Capstone $5 million once Minto has reached 60% mill capacity, another $5 million when that capacity is reached and the copper price has averaged over $3 p...Read More

Markets remain nervous about the trade wars and the impact these are having on global economic growth with recent manufacturing purchasing managers' index (PMI) data showing a combination of manufacturing contraction, stable but low growth, or slowing growth.Equites continue to show weakness while gold and the Japanese yen attract haven demandLow treasury yields and US President Donald Trump's age...Read More

Copper outperformed its peers on the Shanghai Futures Exchange with an uptick of 0.4% during morning trading on Tuesday June 4, with a sharp fall in the dollar overnight providing support to the red metal. But lingering concerns over global trade disputes, that continue to weigh on overall market sentiment, are capping any meaningful gains in copper prices and are keeping the rest of the complex u...Read More

There has been no shortage of fighting talk about Australia's lack of cohesive energy and carbon policies in recent weeks, with the only certainty being the combative rhetoric makes a lasting solution more of a fantasy.Australia is the world's third-biggest exporter of energy behind crude oil heavyweights Saudi Arabia and Russia, thanks mainly to its status as the biggest shipper of coal and lique...Read More

European steelmakers have called on the region's policy-makers to take immediate action to strengthen the safeguard measures for the steel industry, with effect from July 1.The call was made in an open letter signed by the chief executive officers of 45 EU steel companies, and was dated Monday June 3."Europe's steel industry is in crisis because of external factors, yet as a strategic sector it un...Read More

Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil declined in the week to Tuesday June 4 after some traders entered into short-selling positions amid bearish sentiment in the flat steel market, market sources said. However, buyers refrained from making any bookings on expectations of further price declines, market sources said. Cold rolled coil Fastmarkets MB's weekly...Read More

China's domestic hot-rolled coil prices continued to weaken on Tuesday June 4, which led exporters to lower their offers as well.DomesticEastern China (Shanghai): 3,880-3,890 yuan ($562-563) per tonne, down 20-30 yuan per tonneNorthern China (Tianjin): 3,800-3,820 yuan per tonne, down 30 yuan per tonnePrices continued to drop with thin trading reported in eastern China. Mills kept their offers sta...Read More

China's rebar prices fell further on Tuesday June 4 in both the domestic and export markets amid attempts by sellers to secure orders.Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($565-572) per tonne, down 30-40 yuan per tonneNorthern China (Beijing): 3,820-3,870 yuan per tonne, down 30 yuan per tonneStockists are mostly pessimistic about demand in the spot market over the next month or two...Read More

The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic,...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transaction: rebar, wire rodRebar East China, domestic, grade III 16-25mm...Read More

The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More

RAPAPORT... Tiffany & Co.'s revenue and profit dropped in the first fiscalquarter amid a continued decrease in spending by foreign tourists and a strong US dollar, it said Tuesday.  Total revenue fell 3% to $1 billion in the three monthsending April 30, while comparable-store sales - at branches open for at least ayear - declined 5%. Profit slid 12% to $125.2 million. "Our first-quar...Read More

RAPAPORT... Designer Jade Lustig of Jade Trau won the top Couture prizefor her double-banded diamond engagement ring on Saturday in Las Vegas. The jeweler received the Best in Bridal accolade at theCouture Design Awards. Fifteen awards were presented at the ceremony, whichtook place during the Couture luxury-jewelry show.  Jade Trau also won the top honor for bridal in 2017, andwas one o...Read More

RAPAPORT... The JCK Las Vegas show ended Monday, with participants notinga decline in buyer traffic and exhibitors at this year's event. Sentiment amongdiamond suppliers was relatively weak, as buyers were conservative, and overalldealer trading was quiet."You can't come to this show and rely on foot trafficanymore. Neither can you expect to sell big volumes in the loose-diamond section,"explained...Read More

RAPAPORT... Alrosa is launching a source-of-origin program that will enable dealers and consumers to buy polished diamonds with detailed provenance information.The Russian miner will create an "electronic passport" for each diamond on a new website, diamonds.alrosa.ru, presenting the stone's physical characteristics, age, and place and date of extraction, as well as where and when it was cut....Read More

The Venezuelan Ministers of Mining Ecological Development, V?-ctor Cano, and Indigenous Peoples Aloha N????ez met with 15 captains from the Pem??n tribe and, according to state media, reiterated that it is illegal to carry out mining activities in National Parks.According to official outlets, the Indigenous leaders from the southeastern Gran Sabana municipality presented Cano and N????ez with comp...Read More