Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
The oil market downturn and the tone set by the Paris Agreement have already shifted the focus away from fossil fuels, but how quickly could we see the tides change and decisively tip the scales to renewables?Together with Greentech Media, a Wood Mackenzie company focused on researching decarbonisation and the decentralisation of energy, we've created our carbon-constrained scenario. This is an al...Read More
Energy commodity markets have experienced a high degree of volatility in recent years, with large movements in prices and processing margins throughout the energy value chain (i.e. oil, gas, coal, refining, and shipping). The oil storage sector has also experienced a great deal of change but the impact to the bottom line has been relatively less severe thanks to a supportive market env...Read More
RAPAPORT... Alrosa's sales dropped in the second quarter as the closure of theMir underground mine resulted in a lower supply of rough diamonds. Revenue from rough stones declined 7% to $1.06 billion forthe three months ending June 30, the Russian miner said Monday. By volume,sales fell 12% to 9 million carats as the average price of gem-quality diamondsgrew 18% to $164 per carat, reflecting a shi...Read More
(IDEX Online) - World Diamond Council (WDC) executives visited Angola for a series of meetings with stakeholders involved in the Kimberley Process (KP). WDC Acting President Stephane Fischler and Executive Director Marie-Chantal Kaninda made the trip at the invitation of Angolan authorities, marking the first time there has been a WDC mission to Angola outside of a formal KP meeting. &nbs...Read More
(IDEX Online) - Firestone Diamonds plc, whose operations are focused in Lesotho, has reported record production figures for its fiscal fourth quarter ended 30 June at its Liqhobong diamond mine. It also provided guidance for FY 2019 for the Liqhobong operation which is 75% owned by Firestone with the rest belonging to the government of Lesotho. Firestone reported the following: ...Read More
(IDEX Online) - The De Beers Group has begun to transport 200 elephants across 1,500km from its Venetia Limpopo Nature Reserve (VLNR) in South Africa to Mozambique. The operation, one of the largest elephant translocations ever recorded in South Africa, is part of a major conservation initiative to protect the welfare of wildlife in South Africa and help restore Mozambique's elephant popul...Read More
Outokumpu has blamed its weaker year-on-year financial results for the second quarter of 2018 on lower European base prices, higher input costs and increased freight rates in the US market. ...Read More
(IDEX Online) - Petra Diamonds Limited said its production rose 15% in 2018, while revenue soared 21%. Full details include the following: FY 2018 Highlights Production up 15% to 4.6 Mcts (FY 2017: 4.0 Mcts), in line with guidance of 4.6 to 4.7 Mcts. Revenue up 21% to US$576.4 million (FY 2017: US$477.0 million). Adjusted for the sale of KEM JV: revenue up 25% to US$...Read More
PERTH (miningweekly.com) – Diamond miner Lucapa has completed the first sale of alluvial diamonds for the second half of 2018 from its Lulo project, in Angola, generating $2-million in revenues.The parcel consisted of 2 527 ct and achieved an average price of $800/ct.AdvertisementLucapa said on Tuesday that the July sale excluded four large white specials and a pink coloured special, which h...Read More
The latest news and price moves to start the Asian day on Wednesday July 25.Base metal prices on the London Metal Exchange finished higher on Tuesday July 24, finding support from a weaker dollar index and easing tensions related to the trade spat between the United States and China. Read more in our live futures report.Here are how prices looked at the close of trading:The copper price on Comex s...Read More
Russian diamond mining major Alrosa has reported an 18% year-on-year production decrease in the second quarter, as the closure of the Mir underground mine in August last year and lower diamond grades continued to weigh on its operations.The miner produced 8.5-million carats in the second quarter, compared with 10.4-million carats in the same quarter of 2017. Compared with the first quarter of 2018...Read More
The secondary aluminium scrap market in the United States has continued to deteriorate due to swelling scrap supplies outpacing demand....Read More
INTL FCStone's Edward Meir has topped the base metals leader board in the Apex second-quarter 2018 contest, with an accuracy rating of 99.56%, while Commerzbank was top of the precious metals table with 99.19% accuracy....Read More
Noranda Income Fund said its main challenge currently is for its zinc processing facility to continue to operate profitably amid current low treatment charges. The Toronto, Canada-headquartered company said spot TCs averaged roughly $38 per tonne in 2017 and around $20-$25 per tonne in the first half of 2018, noting market tightness due to the closure of several large mines in recent years and str...Read More
The copper price on Comex surged to a multi-week high in morning trading in the US on Tuesday July 24 amid a bout of technical buying and a softer dollar....Read More
Mining investors are losing confidence in the mineral exploration permit process in most Canadian provinces with applications taking longer to be approved and a lack of transparency, a new study released Tuesday shows.According to the Fraser Institute, an independent, non-partisan Canadian policy think-tank, British Columbia, Ontario and Quebec are the three main provinces where exploration reques...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. ...Read More
ArcelorMittal has informed the Extraordinary Commissioners responsible for Italian steelmaker Ilva that it "accepts all the substantive requests for additional commitments with respect to the lease and purchase contract signed in June 2017," the company said on Tuesday July 24....Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. ...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia were mostly stable this week, with the only changes being seen in the price ranges for imports of hot-rolled coil (HRC), sources told Metal Bulletin on Tuesday July 24....Read More