(IDEX Online) - Artisanal miners describe the mistreatment, injustices, threats, violence and even shootings they endure at the hands of big diamond companies in a hard-hitting video released by the Kimberley Process Civil Society Coalition (KPCSC).Villagers in Zimbabwe, the Democratic Republic of Congo and Sierra Leone testify on camera that conflict diamonds are not a thing of the past.The video...Read More

The London Metal Exchange three-month copper price approached May 2012 levels and tin's futures contract was up by 1% on Tuesday February 16 morning, while a lower US dollar index helped the rest of the metals start to consolidate on their recent gains.The red metal reached $8,437 per tonne during early trading, its highest since May 2012 and up just 0.5% from Monday close price of $8,393.50 per t...Read More

With China still on holiday, base metals prices on the London Metal Exchange have been consolidating this morning, Tuesday February 16, even though broader markets remain upbeat. Optimism remains high while the market focuses on vaccine-enabled and stimulus-driven recoveriesWhile complacency is a risk, the pent-up enthusiasm from a year of Covid-19 may last a long timeBHP raises its outlook, citin...Read More

(IDEX Online) - Petra Diamonds reported an eight per cent drop in its revenue to $178.1m in the six months to 31 December 2020, as COVID-19 depressed prices and allowed fewer tenders to take place.The British miner said a deal to restructure some of its $650m of debt should be complete by March.The move will reportedly leave current shareholders with just nine per cent of shares in the company.Mea...Read More

India's ministry of road transport & highways has made changes to its specifications for steel reinforcing bar to be used in road and bridge building, allowing participants in the secondary market to provide material, according to a recent government document.The previous requirement was for all steel to be procured from producers which manufacture steel billet directly from iron ore, and which ro...Read More

The export price for steel billet originating in the Commonwealth of Independent States (CIS) has moved up on fresh sales to Turkey, with offer price increasing as well, Fastmarkets heard on Tuesday February 16.A sizeable cargo of Ukraine-origin billet was sold to the Iskenderun area of Turkey earlier this week at $550 per tonne fob Black Sea, several sources reported to Fastmarkets. This price wa...Read More

Domestic prices for hot-rolled coil in Northern Europe increased day on day on Tuesday February 16, driven by a material shortage, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?727.50 ($882.53) per tonne on Tuesday, up by ?,?9.37 per tonne from ?,?718.13 per tonne on February 15.The index was also up by ?,?17.50 per tonn...Read More

A fire has interrupted operations at ArcelorMittal Gijon's rail mill in Spain, the company told Fastmarkets on Tuesday February 16. The short-lived fire broke out at one of the rolling stands at Gijon's steelworks rail mill, located in Asturias, Spain, on Saturday, prompting the company to issue a stop-work...Read More

Buyers of flat steel in Saudi Arabia and the United Arab Emirates were making no deals while they waited for new prices from China, which will be back from a national holiday soon, sources told Fastmarkets on Tuesday February 16.China's Lunar New Year holiday runs February 11-17.Offers were heard from India, but buyers believed that the prices were too high.End-user demand in both countries was al...Read More

Most buyers for steel rebar and billet in the United Arab Emirates held back from the market in the week ended Tuesday February 16 because they wanted to see new rebar prices from local producers, sources told Fastmarkets.Rebar producers in the UAE were expected to announce new prices soon, and buyers have been waiting for them since last week.Buyers expected prices to hold steady or go down becau...Read More

The export price for steel hot-rolled coil from the Commonwealth of Independent States (CIS) narrowed downward after deals were done at lower levels during the week to Monday February 15, but the general market mood improved due to higher scrap prices in Turkey. Fastmarkets' weekly price assessment for steel HRC, export, fob Black Sea, CIS was $690-705 per tonne on Monday, down on the high en...Read More

Neo Lithium moving closer to productionSPONSOREDneo lithiumPantoro charging towards second gold mineSPONSOREDpantoro limitedMaximus ready to resume search for more Wattle Dam richesSPONSOREDmaximus resourcesEnvironmental and social governance (ESG) is critical to the success of miningSPONSOREDonyen corporationAlthough the EBITDA figure was flat year-on-year, earnings in Glencore's metals division...Read More

Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe agreement allows the company to deepen and push back its current conceptual resource pit onto these claims, which will allow it to increase future resource estimates as well as providingRead More

Trident aims to fill valuable nicheSPONSOREDtrident royaltiesThe above result from December drilling was from surface and part of a broader 243.7m intercept grading 0.31g/t gold and 0.06% copper, while the second hole returned higher grades including 1m at 22.9g/t gold."Los Osos is the first 100% Salazar Resources-owned project that we have drilled since 2017, and we are encouraged that the first...Read More

With China still on holiday, base metals prices on the London Metal Exchange have been consolidating this morning, Tuesday February 16, even though broader markets remain upbeat.* Optimism remains high while the market focuses on vaccine-enabled and stimulus-driven recoveries* While complacency is a risk, the pent-up enthusiasm from a year of Covid-19 may last a long time* BHP raises its outlook,...Read More

Swedish state-owned iron-ore producer LKAB plans to reopen its iron ore mine in Lapland, Sweden, to meet the increased demand for iron ore products, Fastmarkets heard on Tuesday February 16.LKAB plans to reopen the Mertainen mine, which was mothballed in 2016 amid a change in the market situation, in the autumn 2021, the company said. The primary goal of the mine's reopening is to meet the increas...Read More

Turkish steel producers have extended their absence from the deep-sea scrap markets because they were focusing on finished steel sales, market sources said on Tuesday February 16.The daily scrap indices had risen by more than $22 per tonne week on week after two Turkish steelmakers booked US cargoes at $410 per tonne cfr on an HMS 1&2 (80:20) basis.Since the upturn in scrap prices, most Turkish st...Read More

Algerian Qatari Steel (AQS) started its own direct reduced iron (DRI) production on Sunday February 14, and thus will stop importing DRI, the company told Fastmarkets.The module has the capacity to produce 2.5 million tonnes per year of DRI. This is in addition to the 2.1 million tpy of crude steel and total rolling capacity of 2 million tpy of rebar and wire rod...Read More

With long-serving chief executive officer Ivan Glasenberg departing on a trade-fueled high, Glencore looks likely to continue along a familiar path while also tackling one of its biggest challenges to date.The world's largest commodity trader's marketing department beat analyst expectations to make profits before tax of $3.3 billion in the full year of 2020. This was 41% more than in the previous...Read More

Fob seaborne premium hard coking coal prices continued to slide on Tuesday February 16 due to weak demand from end users for seaborne spot cargoes, despite reports of some trader interest. Fastmarkets indices Premium hard coking coal, fob DBCT: $141.76 per tonne, down $2.55 per tonne Premium hard coking coal, cfr Jingtang: $217.23 per tonne, unchanged Hard coking coal, fob DBCT: $125.07 per tonne,...Read More