(IDEX Online) - Members of the Civil Society Coalition in the Kimberley Process met in Antwerp last week "to reflect on its role in the Kimberley Process and on broader diamond governance". Representatives from nine member organizations from Africa and Europe participated in the meeting, according to a statement sent by Zuzia Danielski, the Communications Director of IMPACT, formerly Partn...Read More
Noranda is seeking to ship its bauxite directly from Jamaica instead of transferring it from Panamax into Capesize vessels in Trinidad, a move that will shave several dollars off the cost of transportation, a senior Noranda Bauxite and Alumina executive said at Metal Bulletin's Bauxite & Alumina conference in Jamaica. According to Chris Young, vice president of sales and marketing, it costs around...Read More
JOHANNESBURG (miningweekly.com) – West Africa-focused Stellar Diamonds has completed its tribute mining and revenue sharing agreements with Octea Mining in respect of the Tongo-Tonguma project in Sierria Leone.The completion follows the satisfaction or waiver of the conditions precedent to the agreements.Advertisement“The closure of the agreements with Octea mark a major milestone for...Read More
Richard Gray, chief executive of Scotgold Resources Limited (LON:SGZ) tells Proactive they've received planning approval for the first commercial gold mine in Scotland's history.Gray says the Loch Lomond and the Trossachs National Park Authority unanimously approved their application for the development of the Cononish Goldmine at a Special Board Meeting held on Tuesday, subject to the conclusion...Read More
* Jan jobless rate falls to 2.4 pct vs f'cast 2.7 pct* Tokyo Feb core CPI +0.9 pct vs Jan +0.7 pct* Data bodes well for BOJ's battle to hit price goal (Adds quotes, detail)By Sumio Ito and Leika KiharaTOKYO, March 2 (Reuters) - Japan's unemployment rate hit a25-year low in January and job availability stayed at atwo-decade high, government data showed on Friday, offeringpolicymakers hope a strengt...Read More
(IDEX Online) - New York-based luxury bridal brand A.Jaffe and its subsidiary, FFJ, said it is "aware of the recent and unfortunate allegations of financial improprieties overseas" regarding alleged fraud by jeweler Nirav Modi of at least $1.8 billion. "However, A.Jaffe and its core team here in the United States want to assure partners and customers that A.Jaffe is not in any way involved...Read More
Turkish steel producers have continued to book deep-sea scrap for April while the prices were still rising, sources said on Thursday March 1.A steel mill in the Iskenderun region booked a Canadian cargo, comprising 30,000 tonnes of HMS 1&2 (90:10), 10,000 tonnes of shredded and 10,000 tonnes of plate and structural scrap (P&S) at an average price of $372...Read More
HARARE – Zimbabwe expects to earn $1.78-billion from mineral sales in 2018, up from $1.5-billion last year, Masimba Chandavengerwa, chief executive of the government marketing agency, told a mining conference on Tuesday.Political changes that saw former president Robert Mugabe step down last year after almost four decades in power have improved the investor mood in Zimbabwe, which has some o...Read More
Adam Waugh, chief executive of BlueRock Diamonds PLC (LON:BRD), tells Proactive they're expecting to ramp up production this year at the Kareevlei diamond mine in South Africa as they operate from the upgraded plant.Waugh estimates they can achieve an average grade of between 3.5 carats per hundred tonnes (cpht) and 4.5 cpht, indicating total production of between 9,500 and 12,500 carats.Last year...Read More
** Outdoor retailer Kathmandu Holdings Ltd falls asmuch as 6.4 pct to NZ$2.06, its lowest since July 6** Stock has fallen in six of the last seven sessions** Stock posts its biggest intra-day pct fall since April 19** Stock is the biggest pct loser on the S&P/NZX50 Index ** Up to Thursday's close, stock had fallen 9.5 pct thisyear compared with a 0.7 pct decline in the S&P/NZX50 Index Mess...Read More
The latest news and price moves to start the Asian day on Friday March 2. Aluminium and tin were the only base metals on the London Metal Exchange to close the day in positive territory on Thursday March 1, with the rest of the complex diving. Read more in our live futures report.Here are how LME prices looked at Thursday's close:United States President Donald Trump announced in a meeting with US...Read More
Gold futures started off the day trading under enormous pressure overseas, which continued during the morning trading session in New York. These depressed prices were in tandem with falling stock prices here in the United States.In trading today, gold futures (April 2018 Comex contract) sank to $1,303.60 before staging an impressive recovery. As of 3:40 PM Eastern standard time, gold is currently...Read More
(IDEX Online) - British actress and model, Elizabeth Hurley, will be the show ambassador and special guest for CARAT+ 2018 in May. The film and TV star will open CARAT+ Night on May 6, before meeting exhibitors and discovering the loose diamonds, diamond jewelry and colored gemstones on display. Elizabeth 'Liz' Hurley has long been associated with some of the world most glamorous and...Read More
March 02 (BOJ Financial Markets Department) - The Bank of Japan announced the following interest rates for Japan's benchmark overnight call money. weighted average rate-0.052 percent highest rate 0.001 percent lowest rate-0.073 percent Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure ac...Read More
The latest metal markets news and price moves to start the North American day on Thursday March 1.Metals on the London Metal Exchange continued to slide on the back of a strengthening dollar, with the dollar index hitting its highest since January 18. The three-month copper contract fell below the $6,900 per tonne mark and a fresh two-and-a-half week low.Here is how the LME base metals complex loo...Read More
Editor's Note: Gold and silver has been, at best, a frustrating trade. Exclusive to Kitco News, expert trader, Todd "Bubba" Horwitz, chief market strategist and founder of 'Bubba Trading provides a strategy investors can use in a range-bound gold price environment. Sign up before March 10 for the Kitco News Weekly Rundown newsletter to receive Horwitz's exclusive report and trading strategy.(Kitco...Read More
SHANGHAI, Mar 1 (SMM) – Nonferrous metals futures saw mixed trading on Thursday March 1 with SHFE lead dropping over 1%. Tin, copper and nickel edged down slightly, while aluminium gained some 1% and zinc inched up.The ferrous complex continued to trade rangebound. Coking coal dropped over 1% while coke, rebar, iron ore and hot-rolled coil went up slightly.Copper: We still see downward room...Read More
BOJ money market operations and current account deposit (3/1)March 02 (BOJ Financial Markets Department)in billion yen 3/1 Projected Preliminary RevisedBank notes -90 -90 -90Treasury funds and others-1310 -1210 -1210------------------------------------------------------------------------------Market balance -1400 -1300 -1300--------------------------------------------------------------------------...Read More
SHANGHAI, Mar 1 (SMM) – Nonferrous metals futures saw mixed trading on Thursday March 1 with SHFE lead dropping over 1%. Tin, copper and nickel edged down slightly, while aluminium gained some 1% and zinc inched up.The ferrous complex continued to trade rangebound. Coking coal dropped over 1% while coke, rebar, iron ore and hot-rolled coil went up slightly.Copper: We still see downward room...Read More
SHANGHAI, Mar 1 (SMM) – Nonferrous metals futures saw mixed trading on Thursday March 1 with SHFE lead dropping over 1%. Tin, copper and nickel edged down slightly, while aluminium gained some 1% and zinc inched up.The ferrous complex continued to trade rangebound. Coking coal dropped over 1% while coke, rebar, iron ore and hot-rolled coil went up slightly.Copper: We still see downward room...Read More