The United States has twice as many operating mines owned by publicly-traded companies than any other country, according to data from Mining Intelligence.As of this month there are 845 operating mines in the U.S., giving it 20% of the world's total.Russia is second with 408. Canada ranked eighth with just 167 operating mines.Mines considered in the survey had the following criteria:Mines are owned...Read More

The head of the Mexico-based precious metals miner was among the leading mining executives interviewed for the "Mining Journal Global Leadership Report: Preparing for transformation" being published this month.Alvídrez outlined a number of different fronts where the miner was looking to technology for "breakthrough changes" in the way it operated.Among them, he said Fresnillo put forward it...Read More

RAPAPORT... HRD Antwerp will launch a grading center in Moscow, itsfirst in Russia, the Antwerp World Diamond Centre (AWDC) said Tuesday. The diamond-certification organization, a subsidiary of theAWDC, signed a memorandum of understanding (MoU) with Russian Deputy FinanceMinister Alexei Vladimirovich Moiseev during the Kimberley Process intersessionalin Antwerp this week. "This collaboration wil...Read More

RAPAPORT... Lucara Diamond Corp. sold $32.5 million worth of rough from the Karowe mine at its recent exceptional-stone tender, including a 327-caratdiamond that fetched more than $10 million. The 10 stones - ranging from 40.4 carats to 472.37carats -weighed a combined 1,453.06 carats, and sold for an average price of $22,356per carat, Lucara said Tuesday. The highest seller was a 327.48-carat whi...Read More

Meeting the increasing challenge of securing critical materials for use in military hardware, consumer electronics, electric vehicles and modern rechargeable batteries had less to do with producers ramping up production, or manufacturers using less raw material than it had to do with governments facilitating well-functioning global markets, Eggert said."Importantly, we are not running out of miner...Read More

Sentiment in the CIS steel billet export market has cooled this week because buying activity has not bounced back as expected after last week's Ramadan and eid holidays.Some CIS mills were trying to push through higher prices, following reports of several CIS-origin cargoes being sold at $515-520 per tonne fob Black Sea last week, with higher scrap values in Turkey leading to a glob...Read More

Lucara Diamond Corp’s twelfth exceptional diamond tender has earned it $32.48-million, with one 327.48 ct diamond sold for $10.1-million, or about $30 900/ct.The company, which operates the Karowe mine, in Botswana, put ten single diamonds, ranging in size from 40.4 ct to 472.37 ct, up for tender.AdvertisementThe diamonds sold for more than $1-million each, with the tender achieving an avera...Read More

The European Commission (EC) is introducing rebalancing measures this week in response to the US tariffs on steel and aluminium, it said on Wednesday June 20. The measures will immediately target a list of products worth ?,?2.8 billion ($3.24 billion) and will come into effect on Friday June 22. The list of US imports that will now face an extra duty at the EU border include steel and aluminium pr...Read More

(IDEX Online) - Lucara Diamond Corp.'s 12th Exceptional Stone Tender has achieved gross revenues of $32.5 million, or $22,356 per carat.    The tender consisted of 10 single stone lots, ranging from 40.4 carats to 472.37 carats, totaling 1,453.06 carats and included two diamonds greater than 300 carats. The 327.48 carat diamond sold for $10.1 million, or $30,900 per carat.   A...Read More

(IDEX Online) - ALROSA sold 111 gem-quality lots with a total weight of 1,725 carats for $10.5 million at an international auction in Dubai which took place from May 27 to June 14.   There were 32 winning bidders from the largest diamond trading centers (India, Belgium, Israel, Russia, the United Arab Emirates and the United States).   "The auction concluded with excellent results for us...Read More

Diamond miner Trans Hex expects to report a loss a share of 175.6c for the financial year ended March 31, compared with a loss a share of 173.6c in the prior financial year.The company further expects to report a headline loss a share of 216.5c, compared with a headline loss a share of 114.6c in the previous corresponding period.AdvertisementTrans Hex, however, expects to report a net profit from...Read More

(IDEX Online) - HRD Antwerp and Deputy Minister of Finance of the Russian Federation Aleksey Vladimirovich Moiseev have signed a Memorandum of Understanding (MoU) for the establishment of an HRD Antwerp diamond grading lab in Moscow.   "The signing of this landmark MoU is an important step forward in the process of opening the first HRD Antwerp laboratory in the Russian Federation," HRD Antwe...Read More

Metal Bulletin proposes to launch a price assessment for nickel sulfate on an ex-works China basis.Surging demand in the electric vehicles (EV) sector has driven lithium-ion battery development in recent years.Although compositions vary, two batteries have become dominant in the market: The lithium-ion nickel-cobalt-manganese (NCM) battery and the nickel-cobalt-aluminium (NCA) battery. More recent...Read More

Christian Keidel left Constellium this month while Marcus Becker has joined the aluminium products manufacturer in Zurich, industry sources said on Wednesday June 20. Constellium declined to comment. Becker started on June 1 as Constellium's director of metals and energy procurement, having worked at rival...Read More

Comex copper prices were at the lowest level since late May during trading in the US morning of Wednesday June 20 amid threats of a trade war between the United State and China along with a stronger dollar. Copper for July settlement on the Comex division of the New York Mercantile Exchange dipped 1.50 cents or 0.5% to $3.0320 per lb. Earlier today, the contract hit a low of $3.0290, the weakest s...Read More

Tin premiums were stable across global markets amid quiet trading conditions, while high outflows from Indonesia continue to keep market sentiment bearish.High inflows from Indonesia continue to keep market sentiment bearish, while sufficient supply and a weakening euro are keeping premiums flat across the board. Europe keeps steady amid quiet trading SHFE tin stocks rally 8% week on week US premi...Read More

Nickel premiums were unchanged in well-supported and stable markets in China, the United States and Europe in the week to Tuesday June 19. Volumes in China nickel market picks up  Premiums hold steady in United States on the back of steady demand  European premiums steady in quiet summer market China nickel premiums stable; trading activities tick up Premiums for cif Shanghai full-plate...Read More

Shares in Sirius Minerals (LON:SXX), the British company building a huge polyhalite mine beneath a national park, were off to the races on Wednesday after it announced it had secured a major seven-year African supply deal.Sirius, which plans to sink two 1,500m deep shafts in the Yorkshire moors this year, said Intercontinental Trade DMCC Dubai had agreed to buy up to 350,000 tonnes a year of POLY...Read More

A widening backwardation in LME forward prices has caused premiums for the metal to fall in Shanghai. Premiums for lead, meanwhile, are unchanged week on week. Backwardation in LME zinc's cash/three-month spread widens to $42 per tonne on MondayZinc premiums drop in Shanghai to 10-month low for cif, two month low for in-warehouseUS rates unchanged but could rise due to trucking shortage Backwardat...Read More

The latest news and price moves to start the Asian day on Thursday June 21.Zinc prices on the London Metal Exchange settled at their lowest level in nine months at the close of trading on Wednesday June 20, while copper prices continued to edge lower on a surging United States dollar index. Read more in our live futures report.Here are how prices looked at the close of trading:The Europe...Read More