Access our research platformsSign-in to our platforms to access our extensive research, our latest insight, data and analytics and to connect to our industry experts.Wood Mackenzie's research analysts have over 40 years' experience understanding and forecasting natural resources industry performance across exploration, extraction and production, refining and financial markets.We produce annual, ha...Read More

Finland-focused diamond exploration company Karelian Diamonds on Monday announced that it had conditionally raised £100 000 from a new investor, Martello Holdings.Martello subscribed for 2.5-million new ordinary shares at 4p each – a premium of about 31% to the closing mid-market price of 3.05p a share on Friday.AdvertisementThe subscription shares represent about 6.8% of the shar...Read More

PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company is on track to report an operating profit for 2019, as production from the Lulo and Mothae diamond mines, in Angola and Lesotho respectively, continues to ramp up.Lucapa on Monday reported that some 10 217 ct of diamonds were recovered during the three months to June, bringing the first half production to 20 505 ct.Advertisement...Read More

Australian miner Mount Gibson Iron shipped a total of 2.93 million wet metric tonnes of high-grade iron ore in the year to June 30, 2019, which was within the company's sales guidance range of 2.7-3.3 million wmt.The iron ore producer had shipped 607,000 wmt of iron ore in the April-June quarter, of which 370,000 wmt consisted of its new high-grade fines mined at its Koolan Island mine in the nort...Read More

The second translocation of elephants from diamond miner De Beers’ Venetia Limpopo Nature Reserve (VLNR), in South Africa, to Zinave National Parks, in Mozambique, has been completed.The first herds of elephants were corralled at the VLNR on June 25, before being transported by road for about 1 700 km, and released at Zinave on June 27.AdvertisementThe final herds arrived at Zinave this...Read More

Turkish steel mills began the week in silence due to a public holiday in the country, sources said on Monday July 15.The Democracy and National Unity Day public holiday in Turkey meant trading activity was paused at the start of the week with many traders not at work.The last verified scrap...Read More

Seaborne iron ore prices resumed their upward trajectory on Monday July 15, amid fears of supply tightness accompanied by a positive outlook on China's overall economy.Fastmarkets' index for iron ore 62% Fe fines, cfr Qingdao: $121.41 per tonne, up $2.12 per tonne. Fastmarkets' index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao:  $121.33 per tonne, up $2.12 per tonne. Fastmarkets' ind...Read More

Seaborne coking coal prices softened further on Monday July 15 despite buying activity generated by keen interest from China.A cargo of premium mid-vol hard coking coal was traded at around $186 per tonne cfr China, sources said during the day.This is $6 per tonne higher than the fob Australia price for a cargo of the same brand that changed hands last week. It is also about $4 per tonne lower tha...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumBHP has to invest US$25 million in exploration expenditures and make $2.4 million of cash payments to Luminex over a four-year period to earn its initial 51%. It can then earn an additional 9% interest by sole funding another $10 million of expenditures and making an additional $4.6 million cash payment over a further tw...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumPizarro, a stalwart at Codelco for decades and its head for four years, remained in the post despite a change in government in 2018, testament to his long-standing professional reputation although an unusual decision given the role is often a political appointee.Araneda is a mining civil engineer from the Universidad de...Read More

Seaborne iron ore concentrate and pellet prices fell in the week to Friday July 12 amid generally weaker market conditions after earlier gains.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao stood at $121.85 per tonne on July 12, down by $3.27 per tonne week on week.The daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao averaged $127.94 per tonne ove...Read More

Quality emerges at Galan's blue-chip lithium addressSPONSOREDgalan lithiumWhile the company already has the small Vuzel JV property, it is keen to build its position and has done the deals with TSXV-listed QX Metals.   The agreements cover the 191sq.Read More

Brazilian steel and iron ore producer Companhia Sider??rgica Nacional (CSN) has signed a second deal to increase its supply of iron ore to international trading company Glencore.CSN's mining division has agreed to supply an additional 10 million tonnes of the steelmaking raw material to Glencore over the next five years. It will receive a pre-payment of up...Read More

Movements in the ferrous scrap prices around the world were mixed in the week ended Friday July 12, with prices in Asia supported by steady demand and higher offers while prices in the United States and Turkey fell on thin spot trading activity. Turkey sees limited import trades US East Coast exporters see bearish demand Asian import prices up but downtrends possible Monsoon in India reduces spot...Read More

China’s economic growth slowed to 6.2% in the second quarter of this year - in line with expectations and well within Beijing’s target of 6-6.5% growth for 2019 - but market participants continued to focus on the fact that this was the country’s lowest gross domestic product (GDP) growth in nearly three decades.The record low GDP growth comes as the world’s second-largest econo...Read More

Rebar futures in China picked up on Monday July 15 following the release of the latest economic growth data, though spot prices for the long steel product softened amid selling pressure.Domestic Eastern China (Shanghai): 3,970-3,990 yuan ($577-580) per tonne, down 10 yuan per tonneNorthern China (Beijing): 3,870-3,900 yuan per tonne, down 10 yuan per tonneChina's gross domestic product grew by 6.3...Read More

Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Monday July 15, supported by stronger than expected industrial data out of China, while a slight downturn in the US dollar index aided buying activity. Over the weekend, China's National Bureau of Statistics (NBS) calculated industrial production had increased 6.3% year on year in June-July, exceedi...Read More

China's economic growth slowed to 6.2% in the second quarter of this year - in line with expectations and well within Beijing's target of 6-6.5% growth for 2019 - but market participants continued to focus on the fact that this was the country's lowest gross domestic product (GDP) growth in nearly three decades.The record low GDP growth comes as the world's second-largest economy continues to feel...Read More

Base metals prices on the Shanghai Futures Exchange were split into two camps during morning trading on Monday July 15 with aluminium, zinc and nickel ticking upward, while the rest weakened.Nickel was the outperformer of the SHFE complex, exhibiting similar strength to that of the London Metal Exchange's three-month nickel price at the end of last week.The most-traded August nickel contract on th...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 6 points in pre-opening trade. China announced second quarter GDP. Rate of growth on a year-over-year basis dropped to 6.2%, lowest rate of growth in 22 years.Boeing dropped $4.25 to $361.08 after major U.S. airlines announced postponements for relaunch of their Boeing 737 Max aircraft. General Electric slipped $0.09 t...Read More