* Asian stock markets : https://tmsnrt.rs/2zpUAr4* Nikkei futures point to opening drop around 600 points* Wall St suffers worst one-day fall since 2011* Chip stocks hammered amid earnings, economic worries* Bonds rally on safety bid, US dollar and yen in demandBy Wayne ColeSYDNEY, Oct 25 (Reuters) - Asian share markets face a rough ride on Thursday after a tumble in technology stocks inflicted th...Read More
Investing.com - Gold prices slipped from three-month highs on Wednesday as weakness in the euro and sterling pushed the dollar to nine-week highs.At 9:09 AM ET (13:09 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange fell $1.20, or 0.10%, to $1,232.20 a troy ounce, backing away from $1,237.80 reached on Tuesday amid simmering geopolitical tensions.M...Read More
(Adds company news items, futures)Oct 24 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening 69 points higher on Wednesday, according to financial bookmakers, with futures up 0.4 percent ahead of the cash market open.* BARCLAYS: Barclays BARC.L reported a profit before tax of 3.1 billion pounds ($4.02 billion) for the third quarter, as its under-pressure investment banking division booked...Read More
Despite beating average Wall Street analyst forecasts for third-quarter earnings per share and revenue, no material news on progress with the Indonesian government regarding its long-term Grasbe...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesKAZ produced 77,200 tonnes of copper in the quarter, up 2.5% year-on-year. For the first nine months of the year, output totaled 216,800t, climbing 12.2% on the year and keeping it on track to m...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resources Nevsun also disclosed Wednesday that Zijin had met the first of three Chinese regulatory requirements needed for the deal to close.With the National Development and Reform Commission approval in hand, Zijin is still awaiting approval from the Ministry of Commerce. The two permits are required for Zijin to apply for final approval...Read More
CALGARY, Alberta, Oct.25, 2018(GLOBE NEWSWIRE) -- Copper Fox Metals Inc. ("Copper Fox" or the "Company") (TSX-V: CUU - OTC-Pink: CPFXF) and its wholly owned subsidiary, Desert Fox Copper Inc. ("Desert Fox"), are pleased to provide an update on a recently completed mapping and sampling program on Copper Fox's 100% owned Mineral Mountain copper project located approximately 15 miles east of Florenc...Read More
Galan Lithium scores coup in Argentina's 'Pilbara of lithium'SPONSOREDgalan lithiumKasbah on cusp of tin riches at world-class AchmmachSPONSOREDkasbah resourcesOne simple solution to optimize your underground operationSPONSOREDkomatsuWhite Rock sets cracking Alaska pace in first field seasonSPONSOREDwhite rock mineralsGoncalves stunned market observers with a no holds barred attack on...Read More
Polished trading improving, with US holidayorders driving sales. Buyers looking for bargains in Mumbai as weak currencyand tighter bank lending put pressure on Indian dealers. Surat factoriesclosing early for Diwali, with large inventories of melee and 30-pointers.Innovative jewelers gaining market share as JBT reports 226 businesses closed and51 opened in 3Q. China/Hong Kong jewelry retail better...Read More
RAPAPORT... US households are planning to spend 4% more this holiday season, as consumer confidence has improved in the current economic climate,the National Retail Federation (NRF) said Wednesday. "The holidays are just around the corner, and consumers areready to shop," said Matthew Shay, CEO of the NRF. "Confidence is near anall-time high, unemployment is the lowest we've seen in decades, and t...Read More
RAPAPORT... Continued violence in the Central African Republic (CAR) ismaking it impossible for the nation to develop its diamond sector, according to the World DiamondCouncil (WDC). A massacre in Bria left 30 people dead last week - thelatest in a string of fatal incidents in the eastern region, which is currentlyprohibited from exporting rough under the Kimberley Process (KP). While i...Read More
RAPAPORT... Kering noted solid sales in its jewelry-and-watch division inthe third quarter amid a sharp increase in the luxury retailer's group sales. "Watches and jewelry posted solid revenue growth," thecompany said Wednesday. "New collections and extended iconic lines fromBoucheron, Pomellato and Qeelin were very well received. Watches achieved arobust performance, driven by innovation and...Read More
(IDEX Online) - World Federation of Diamond Bourses (WFDB) President Ernie Blom called on exchange presidents and members to join hands to boost the global presence of the trade organization at the conclusion, on Thursday, of the 38th World Diamond Congress at the Bharat Diamond Bourse (BDB). The WFDB is clearly the most important representative body in the global diamond trade, but needs to think...Read More
(IDEX Online) - Jewelers of America (JA), the national trade association for businesses serving the fine jewelry marketplace, will host the first annual Jewelers of America National Convention, an education-focused executive forum open to jewelry professionals. The Convention will take place July 28-29, 2019, in New York City. "Engaging Jewelers of America's network of more than 8,000 jewe...Read More
RAPAPORT... Lucapa Diamond Company will begin producing diamonds at itsMothae mine on a commercial scale, paving the way for its first scheduled salelater this year. The miner has commissioned the Lesotho asset's treatmentplant, and expects to see its first commercial recoveries in early November, itsaid Monday. It plans to increase production to its intended levels during thefourth quarter....Read More
(IDEX Online) - The wide range of challenges facing the global diamond industry were outlined by World Federation of Diamond Bourses (WFDB) President Ernie Blom in his keynote speech on the second day of the 38th World Diamond Congress on Wednesday. From financing to generic marketing and the need to attract Millennial buyers to the impact of De Beers' Lightbox jewelry, maintaining co...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa Diamond Company has secured a R100-million development facility from the Industrial Development Corporation of South Africa (IDC) for its Mothae kimberlite diamond mine, in Lesotho.The facility will span a four-year period, and will include a 12-month moratorium on capital repayments. Interest on the facility will be calculated at the Johannesb...Read More
(IDEX Online) - At the invitation of the Israel Diamond Exchange (IDE), Continental Buying Group (CBG) has brought its first buying mission to the Israeli bourse. CBG is the largest independent jewelry organization in the United States, representing over 100 of the most successful independent jewelers in the country, the IDE said. The eight-member delegation consisting of leading je...Read More
(IDEX Online) - The Responsible Artisanal Gold Solutions Forum, with USAID and local partners, has announced the first conflict-free artisanal gold from the Democratic Republic of the Congo (DRC) exported to U.S. jewelers. Forum member Sasha Lezhnev, Deputy Director of Policy at the Enough Project, said, "This gold proves that it is possible to source conflict-free, responsible gold from Co...Read More
European tin premiums have surged this week on concerns about continued supply from Indonesia, while premiums in the United States and China have remained firm on reduced demand and ample supply. Rotterdam 99.9% in-warehouse premium at 5-month high US tin demand expected to slow Closed import window keeps China premiums flat.European premium bolstered by production woesIn Europe, the premium for 9...Read More