PERTH (miningweekly.com) – Africa-focused Lucapa Diamond Company has recovered its fifth diamond larger than 50 ct from the Mothae operation, in Lesotho, since commercial production started in January.The recovery of the top-colour 55 ct stone was recovered only shortly after the recovery of a 128 ct diamond from Lucapa’s Lulo alluvial operation, in Angola, earlier this year.Advertisem...Read More
Alrosa, the Russian diamond miner, held its first rough diamond auction in New York this year, selling stones of 10.8 carat and up. The total revenue from the auction amounted to $11.8 million. The company sold 107 stones at a total weight of 1,900 carats. Over 30 firms from the chief diamond trading hubs, such as the USA, Israel, Belgium, India and the UAEm, participated in the auction. "We held...Read More
LONDON – Russian State-controlled miner Alrosa, the world's biggest producer of rough diamonds in carat terms, raised $11.8-million in its first New York diamond auction of the year, as it seeks to increase its activity in the US.Rebecca Foerster, president of Alrosa, North America, said sanctions against some Russian companies did not diminish the appeal of Russian high quality diamonds...Read More
Following long months without a captain at the helm, the giant fashion jewelry company Pandora hopes to see the newly appointed President and CEO, Alexander Lacik steer the ship into more profitable lanes. But this week, the company announced that its Chief Operating Officer, Jeremy Schwartz, had announced his immediate resignation. The year 2018 was an awful year for Pandora. The sto...Read More
On April 1, American Gemological Laboratories celebrated its tenth anniversary under Christopher Smith's management. When he stepped into the shoes of Cap Beasly in 2009, he had a team of six gemologists and a lab in dire need of new clients. "We are now a team of thirteen,' Smith said. "It is a matter of great pride to see the company growing, embracing a good value system and achieving more...Read More
Eurostar Diamond Traders, one of the largest diamond companies in Antwerp - and in the world - is bankrupt, the Dutch-language daily De Tijd reported. According to reports, the company has outstanding debts of more than $500 million. Founded in 1978, its principal, Kaushik Mehta, built Eurostar into a giant, global corporation. The company expanded worldwide, setting up offices in Botswana, China...Read More
Physical iron ore prices continued to rise on Tuesday April 2, closing in on $90 per tonne with yet more seaborne supply disruptions reported.MB 62% Fe Iron Ore Index: $89.89 per tonne cfr Qingdao, up $1.20 per tonne. MB 62% Fe Pilbara Blend Fines Index: $89.01 per tonne cfr Qingdao, up $1.20 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $92.14 per tonne cfr Qingdao, up $1.91 per tonne. MB 58%...Read More
The seaborne coking coal market weakened further on Tuesday April 2 after a lower offer emerged on the Global Coal trading platform.A May-laycan cargo of unbranded premium hard coking coal was offered at $195 per tonne fob Australia on the platform, down $5 per tonne from an offer of $200 per tonne fob Australia on Monday, sources told Fastmarkets."There are a lot of [premium mid-vol hard coking c...Read More
BHP has estimated an initial production reduction of 6 million-8 million tonnes of iron ore on a full-capacity basis due to damage caused by a cyclone that hit Western Australia last month.Isolated flooding at BHP's Western Australia Iron Ore (WAIO) site and along sections of the rail line leading into Port Hedland has limited train transportation and other operations at the port, the miner s...Read More
A burgeoning interest in Canada's emerging cannabis sector, which spiked after recreational use of marijuana was legalized in October, is sucking investment capital away from the mining sector, and hitting juniors hardest, a new study shows.According to BDO's Sherif Andrawes, investments in Canadian cannabis companies increased from C$43 million to C$770 million from the first half of 2016 to the...Read More
Brazilian iron ore exports dropped by 25.94% year on year in March to their lowest level in six years, according to the country's foreign trade ministry, MDIC.The country exported 22.18 million tonnes of iron ore last month compared with 29.95 million tonnes in the same period last year, MDIC said on Monday April 1.Volumes also fell by 23.33% from 28.93 million tonnes the previous month.The March...Read More
Still...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.Subs...Read More
LME aluminium prices finished Q1 with...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...Read More
Aluminium The LME aluminium price managed to hold...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...Read More
London Metal Exchange base metal prices fell on morning trading on Wednesday April 2 due to longs continuing to sell into yesterday's China-PMI based rally.At $6,443 per tonne, the LME's three-month copper price is down by $27 per tonne against yesterday's 5pm close, while three-month zinc is also lower, by $36 at $2,896 per tonne. Yesterday, cash zinc prices on the LME traded over...Read More
In this week’s analysis, we identify...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
Poor vehicle sales have are...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
We have not been particularly bullish with our...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...Read More
In this week’s analysis, we discuss...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
Stable contangoes on the London Metal Exchange helped push the Rotterdam duty-unpaid aluminium premium to its highest since June 28, 2018.Fastmarkets assessed the benchmark Rotterdam P1020 premium at a near 10-month high of $87-97 per tonne Monday April 1, up $2 per tonne from last Friday's assessment of $85-95 per tonne. Multiple deals were reported on Monday at premiums of $90-100 per tonne, whi...Read More