The newly commissioned Verkhne-Munskoe deposit, in western Yakutia, has yielded its first large diamond, Russian miner Alrosa reported on Wednesday, announcing the recovery of a 51.49 ct rough diamond.The transparent round-shaped octahedron crystal has an insignificant yellow hue and measures 23 mm by 22 mm by 15 mm.Advertisement"It is the first rough diamond over 50 carats from Verkhnyaya Mu...Read More
(IDEX Online) - ALROSA said it has recovered the first large gem-quality rough diamond from Verkhne-Munskoe deposit that was commissioned on October 31. The transparent round-shaped octahedron crystal with insignificant yellow hue was recovered from Zapolyarnaya pipe - one of four kimberlite pipes at the deposit. The 51.49-carat rough diamond measures 23 by 22 by 15 mm. The approximate age...Read More
(IDEX Online) - Vicenza's Museo del Gioiello jewelry museum - a project promoted by the Italian Exhibition Group (IEG) in partnership with Vicenza Municipality - is changing its entire collection. The new collection features 310 unique exhibits, many of which belong to private collections that are not usually accessible to the public or to sector insiders. The Museo del Gioiello is...Read More
The share price of diversified junior Savannah Resources jumped 6% on Wednesday on news of three newly discovered pegmatites at the Pinheiro deposit at the Mina do Barroso (MdB) lithium project, in northern Portugal.Pinheiro is now the fourth major deposit in the mining lease and has the potential to increase the mineral resource estimate to more than 20-million tonnes, for over 200 000 t of...Read More
(IDEX Online) - Richline Group, a wholly owned subsidiary of Berkshire Hathaway, is partnering with JCPenney and Macy's to introduce Grown With Love, lab grown diamonds this holiday season. "The category of lab grown diamonds is revolutionizing the diamond industry. As the name implies, these diamonds are grown in a lab and are chemically, physically and optically identical to mined diamond...Read More
Quebec miner Stornoway Diamonds is investigating a potential new openpit at the Renard diamond mine, which earlier this year transitioned to underground operations.The new openpit being studied is located at the Renard 4 and nearby Renard 9 kimberlites and will supply ore feed earlier in the mine life. Such a pit, the company said on Wednesday, would allow the extraction of about two-million carat...Read More
JOHANNESBURG – Anglo American is going where larger rivals fear to tread, returning to its African roots to tap mineral assets with compelling returns.The storied mining company, founded by Ernest Oppenheimer in Johannesburg a century ago, is devoting a third of its exploration budget to the continent, including searching for copper and cobalt in Angola and Zambia.AdvertisementIn South Afri...Read More
Botswana Diamonds has concluded a mining contract with Palaeo Minerals, covering both bulk sampling activities and future full-scale mining, at the Thorny River project, in South Africa.Palaeo is an experienced mining contractor that operates in South Africa and Zimbabwe.AdvertisementThe contract will enable Botswana Diamonds to self-fund the Thorny River project from bulk sampling through to mine...Read More
TOKYO/GENEVA, Nov 6 (Reuters) - A World Trade Organization (WTO) dispute panel largely upheld Japan's complaint against a safeguard duty imposed by India on steel imports for two-and-a-half years, a ruling published on Tuesday showed.The ruling, which can be appealed by either side, said India had broken the WTO rules and urged India to take corrective action, even though the disputed duties ended...Read More
* Iran says it is selling oil it needs to, despite U.S. pressure* U.S. crude production seen averaging 12.06 mln bpd in 2019 -EIA* U.S. crude stocks rise by 7.8 mln barrels, topping views (Updates with API data)By Stephanie KellyNEW YORK, Nov 6 (Reuters) - Oil prices fell on Tuesday, with U.S. crude futures hitting an eight-month low, a day after Washington granted sanction waivers to top buyers o...Read More
MUMBAI, Nov 6 (Reuters) - Former Reserve Bank of India Governor Raghuram Rajan defended the central bank's call for greater autonomy from the government, saying ultimately the nation stands to benefit from an independent and robust RBI.In an interview on CNBC-TV 18 telecast on Tuesday Rajan said current rift between the central bank and the government can be resolved if both sides respect each oth...Read More
Investing.com - Gold prices moved higher on Tuesday as voting in the U.S. midterm elections got underway and traders opted for safety ahead of the outcome.At 9:13 AM ET (14:13 GMT), gold futures for December delivery on the Comex division of the New York Mercantile Exchange gained $4.40, or 0.36%, to $1,234.20 a troy ounce.Voters on Tuesday will decide key races in Congress and state governments,...Read More
The Golden Triangle (GT) in northwestern British Columbia (Canada) is a tremendous place to explore and make precious & base metal discoveries. It's known for monster high-grade gold deposits, but also hosts silver, copper & other base metals. When one considers the GT, one might think of Pretium Resources' new bonanza-grade gold (Au) mine. Pretium has an Enterprise Value of about C$2.6 B...Read More
Amerigo MVC plant ramp-up on courseSPONSOREDamerigo resourcesThe bank increased the target price to £11 (US$14.47) per share from the previous £10/share and also retained the "outperform" rating, noting that copper was still one of its favoured commodities and, as a copper pure play, Antofagasta was poised to benefit from the upside seen in the commodity.Antofagasta's share price fell...Read More
DR Congo: Is government intervention the real risk to watch?SPONSOREDverisk maplecroftBezant's Mankayan back in copper-gold spotlightSPONSOREDbezant resourcesKyzyl ramp-up signals new growth path at buoyant PolymetalSPONSOREDpolymetal internationalGolden Mile has the right stuff: ReynoldsSPONSOREDgolden mile resourcesThere was once a time when I was immortal. In my 20s, I was fit. Rugby t...Read More
RESOURCEStocks: Element 25 expects to complete about 7,000m of infill drilling (200 holes) on the Yanneri Ridge deposit at Butcherbird in Western Australia by the end of November, which will feed into a revised resource estimate (January 2019), and also the planning for a starter pit in an area with a maiden reserve being incorporated in the project PFS. What can you say at this stage about what i...Read More
A summary of base metals premiums from across the globe for the week to Tuesday November 6.Please click...Read More
Base metals futures prices on the London Metal Exchange fell sightly on Tuesday November 6 while uncertainty continued about the outcome of the mid-term elections in the United States and that country's trade relations with China.On Tuesday, three-month nickel was the only price to trade in positive territory, at $11,775 per tonne, up by $25 per tonne from Monday's closing price of $11,750 per ton...Read More
The Comex copper price staged a modest recovery in the US morning on Tuesday November 6 amid a softening dollar and speculative buying. The copper price for December settlement on the Comex division of the New York Mercantile Exchange recovered 0.35 cents to $2.7595 per lb. Industrial metal markets continue to look at the trade dispute between the United States and...Read More
Chinese export prices for ferro-vanadium and vanadium pentoxide have held steady over the past week due to lackluster activity, with domestic prices remaining more favorable, while the European markets continued to gain strength on increased activity, closing the gap to the Chinese market. Chinese export prices stall amid favorable domestic market EU FeV prices up slightly on increased consumer ac...Read More