PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperProduction increased 9.9% compared to the prior year period and 8.Read More

Look beyond market approach to project valuations: van ZylLeadershipPolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningJ Capital Research published a report on Tuesday calling Vulcan the "god of empty promises".Read More

A summary of Newmont Corp's production report for the three months ended September 30.In brief: Newmont's operations were affected by the Covid-19 pandemic, and several of the company's mines - Musselwhite and ??l?(C)onore in Canada, Pe??asquito in Mexico, Yanacocha in Peru and Cerro Negro in Argentina - were temporarily placed on care and maintenance during a portion of the three and nine months...Read More

The Ramu Nickel-Cobalt integrated operation in Papua New Guinea has been suspended due to increasing numbers of Covid-19 infections among staff, Canadian stakeholder Nickel 28 Capital has said."Nickel 28 Capital has been notified by Metallurgical Corporation of China [MCC], our operating partner at the Ramu mine, that the mine site has paused production and operations for the next two weeks to pro...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperAdjusted EBITDA was a record $2.1 billion, more than triple the third quarter of 2020, the company said this week.Realised copper,...Read More

Demand and prices for alumina in China were in limbo this week because market participants have become cautious after a steep decline in downstream aluminium prices, Fastmarkets heard on Thursday October 28.Fastmarkets' weekly price assessment for alumina, metallurgical grade, exw China, was 3,900-4,150 yuan ($610-650) per tonne on Thursday, flat from a week earlier.Domestic demand for alumina in...Read More

Indian suppliers filling final orders ahead of Diwali break. Manufacturing slowing before the festival with factories closing from Nov. 4 to 22. Robust US jewelry sales stimulating diamond trade. High expectations for the holiday season. De Beers research shows sustainability ranks alongside price and design in consumer considerations when buying jewelry; Insight Report estimates 2020 global rough...Read More

Brazilian miner Vale will resume activities at its On??a Puma nickel mine in the country's northern state of Par?? following a favorable decision from a superior court in the country, the company said on Thursday October 28.The Superior Court of Justice (STJ), which is Brazil's federal court of appeals, on October 26 suspended a previous injunction given out by the Par?? state court that had revok...Read More

RAPAPORT... What connects the engagements of actress Meghan Markle, model Emily Ratajkowski and singer Ariana Grande? One answer lies in the rings they received: All three featured fancy-cut diamonds. The UK's Prince Harry gave Markle a cushion-shaped center stone when he proposed in 2017, while Ratajkowski showed off both a princess and a pear cut in 2018. Grande's 2020 betrothal gift contai...Read More

Norwegian aluminium and renewable energy company Norsk Hydro is looking at ways to use less-clean scrap in low-carbon ingot production, according to chief executive officer Hilde Merete Aasheim.Aasheim was speaking to Fastmarkets in an exclusive interview on Tuesday October 26, after the company announced record third-quarter results for its aluminium business."For us, profitability and sustainabi...Read More

RAPAPORT... US holiday spending will "shatter" previous records as consumers dip into their sizable savings, the National Retail Federation (NRF) has forecast.Retail sales in November and December will advance 8.5% to 10.5% year on year, for a total of between $843.4 billion and $859 billion, the organization predicted Wednesday. The average increase over the past five years was 4.4%, while s...Read More

(IDEX Online) - The final tender of Argyle pink diamonds delivered the most significant "record breaking results" in the mine's 38-year history, Rio Tinto said yesterday.It declined to disclose prices paid for the 70 super-rare pink and red diamonds but said the 2021 collection "continued its trajectory of double digit price growth".The stones were bought by 19 bidders from nine countries. Am...Read More

RAPAPORT... Rio Tinto achieved record-breaking figures at its 2021 Argyle Pink Diamonds Tender, with prices strong amid dwindling supply from the mine.The Australian miner offered 70 rare pink and red diamonds at the last-ever edition of the tender, which follows Argyle's closure in November 2020. The "historical" collection, called The Journey Beyond, comprised the final diamonds mined durin...Read More

(IDEX Online) - Thieves targeting passengers on a train in India discarded diamonds worth over $11,000 as fakes, say police.The stole purses containing the valuables from two women traveling on the Howrah-Mumbai Gitanjali Express near Gondia, in Maharashtra state, according to The Times of India. "They melted the stolen gold ornaments and sold them to a goldsmith," investigation officer Pravi...Read More

Base metals prices on the London Metal Exchange rebounded during morning trading on Thursday October 28, with nickel and copper leading the pack higher.The three-month nickel price was recently at $19,735 per tonne, up by 1.7% from $19,412 per tonne at Wednesday's 5pm close. "Copper and nickel rebounded on Thursday as bargain hunters were attracted to the metals with possibly the tightest fundamen...Read More

(IDEX Online) - Petra saw revenue from its three South African mines rise by 48 per cent in the first fiscal quarter (Q1 FY 2022).It was boosted by the sale of three extremely high-value stones for over $50m - almost half its $114.9m total income for the three months.The London-based miner said it sold an exceptional 39.34-ct blue diamond (pictured) for $40.18m a 342.92-ct Type IIa white diamond f...Read More

PolarX finds extra copper potential in AlaskaSPONSOREDpolarxAzure eyes province potential ahead of Andover resourceSPONSOREDazure mineralsAmerican Pacific building US copper positionSPONSOREDamerican pacific miningExploration is a risky businessSPONSOREDmarimaca copperLast week's ‘From the Capital' column noted the extraordinary reluctance of industry promoters at the MiningNews.Read More

India-based Essar Steel has signed a Memorandum of Understanding with Saudi Arabia's industry minister for the construction of a hot-rolled coil manufacturing unit, the Middle Eastern country's National Development Center (NDC) said on Wednesday October 27.Bandar Bin lbrahim Al-Khorayef, Saudi Arabia's minister for industry and mineral resources, and Rewant Ruia, representing Essar Steel, signed t...Read More

European prices for steel hot-rolled coil were broadly stable on Thursday October 28, with buyers and mills continuing to hold back from the market although sentiment was upbeat, sources told Fastmarkets.European producers were busy negotiating long-term contracts for 2022 with end-users and therefore were not providing firm offers to the spot market, sources said.Buyers expected producers to retu...Read More

Liberty Steel UK (LSUK) has restarted crude steel production at its Rotherham electric-arc furnace in north-east England, the company announced on Thursday October 28.The company will operate at night to maximize efficiency and mitigate the high energy costs that have become a key issue for the industry, it said. Some other producers have cut their output in response to the rising costs.LSUK claim...Read More