The seaborne iron ore market picked up after the May 1 public holiday, following the announcement by steel mills of price hikes for early May shipments. Metal Bulletin 62% Fe Iron Ore Index: $66.98 tonne cfr Qingdao, up by $1.55 per tonne Metal Bulletin 58% Fe Premium Index: $55.94 per tonne cfr Qingdao, up by $0.46 per tonne Metal Bulletin 65% Fe Iron Ore Index: $85.30 per tonne cfr Qi...Read More
BEIJING (Reuters) - Chinese President Xi Jinping’s top economic adviser, Vice Premier Liu He, will meet a top-level U.S. trade delegation in Beijing this week, the government said on Wednesday, amid a festering dispute between the world’s two largest economies.U.S. President Donald Trump has threatened tariffs on up to $150 billion worth of Chinese goods to punish China over its joint-...Read More
(IDEX Online) - The GIA will offer a new synthetic diamond seminar at GIA locations around the world beginning in Hong Kong on June 19, just before the Hong Kong Gem Show. The one-day program, taught by GIA research scientists and experienced classroom instructors, will combine lectures with practical lab instruction, including the latest GIA instrumentation for differentiating natural diamonds f...Read More
SHANGHAI, May 2 (SMM) – Imported copper concentrate traded actively as smelters saw stronger demand for stockpiling in the second quarter of the year, SMM learned. Traded prices of treatment charges (TCs) mostly stood at $73-76/mt, according to members of the China Smelters Purchase Team (CSPT).Market participants took a pessimistic outlook on TCs in the second half of the ye...Read More
It also intends to list on Spain's Madrid, Barcelona, Bilbao and Valencia stock exchanges for the same reasons.Berkeley is developing the Salamanca uranium mine in western Spain where it began construction at the start of the year."Given the geographic location of the Salamanca project in Europe and the size and maturity of the company and its operations, the directors consider that a listing on b...Read More
Investing.com - Gold prices rebounded from two-month lows on Wednesday as the dollar pulled away from multi-month highs amid profit taking ahead of the conclusion of the Federal Reserve policy meeting later in the day.Gold futures for June delivery on the Comex division of the New York Mercantile Exchange were up $4.10 or 0.31% to $1,310.90 a troy ounce by 04:10 AM ET (08:10 AM GMT).Prices of the...Read More
JOHANNESBURG (miningweekly.com) – Diamond miner Lucara Diamond Corporation on Tuesday announced that its Botswana subsidiary Boteti Mining’s CFO and director, Naseem Lahri, has been promoted to Boteti Mining MD.Lahri has served as Boteti Mining’s CFO since 2013 and is a professional accountant with a master’s degree in strategic management. She has more than 17 years’...Read More
RAPAPORT... Stable demand for Botswana's rough diamonds resulted in flatexports in the first quarter of 2018, according to recent data. Outbound shipments for the January-to-March period slid lessthan 1% to $911 million, from $912.6 million last year, the Bank of Botswanasaid. In January, rough exports totaled $339.7 million, whileshipments for February came to $229 million, and March results were...Read More
Holidays in Turkey and across much of Europe for the traditional May 1 Labor Day meant that there was little change in prices for Turkish imports of deep-sea scrap from European and US suppliers, sources said on Tuesday May 1.Renewed business activity is expected later in the week when traders return to work, they added.Market sentiment is cautious about how much more prices may increase in the ne...Read More
(IDEX Online) -The Bonas Polished Diamond Tender at the May 6-8 CARAT+ show at Antwerp Expo will feature 163 lots with a total weight of more than 1,700 carats. Of the lots, 133 are GIA-certified stones, while the remaining 30 are parcels of white diamonds. Highlights include 14 fancy-colour diamonds and 119 white diamonds, with weights ranging from 1.00 carat to 5.00 carats. Two diam...Read More
(For a live blog on European stocks, type LIVE/ in an Eikon news window)LONDON, May 2 (Reuters) - European shares rose on Wednesday, boosted by some strong earnings updates and a rising tech sector after results from Apple exceeded weak expectations, while investors' focus turned to euro zone GDP figures and the U.S. Fed meeting.Shares in iPhone supplier ams AMS.S jumped 8.1 percent after Apple AA...Read More
SHANGHAI, May 2 (SMM) – Spot copper in the Shanghai market was offered at a discount of 20 yuan/mt to a premium of 20 yuan/mt against the SHFE 1805 contract on the morning of Wednesday May 2, SMM learned. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.en@smm.cn Read More
Speaking in Perth this week, BlueBird's president Alf Stewart and CEO Peter Ball said they were keen to pick up more assets, while emphasising they had the backers to transact promising deals when required.Read More
A diamond mine in Botswana, owned by now extinct Australian miner Kimberley Diamonds, is going up for sale at an online auction to be held Monday, as its liquidators failed to secure viable offers, reports MINING.com.The Lerala Mine was opened in 2008 and had to be shut twice due to weak sales, until it finally was placed under judicial management in May last year, leaving 130 people out...Read More
Carl Data Solutions Inc.'s (CSE:CRL | OTC:CDTAF | FSE:7C5) LOI to acquire a niche Industrial IoT player highlights strategic shiftSmallCapPower | May 2, 2018: Another Accretive Deal in the Works. On May 1, 2018, Carl Data Solutions Inc. (CSE:CRL | OTC:CDTAF | FSE:7C5) announced it has entered into a letter of intent ("LOI") to acquire Astra Smart Systems Inc. ("Astra"), a technology company tha...Read More
Dan James, president at Medgold Resources Corp. (CVE:MED), spoke to Proactive's Andrew Scott as a new programme of drilling got underway at the Tlamino gold project in Serbia.An initial programme of 1,250 metres in 11 drill holes will test high-grade gold mineralisation identified from channel sampling in 2017. Meet Peninsula Mines Ltd, Silver City Minerals Ltd and Emmerson Resources Ltd at...Read More
Prices for Iranian exports of steel billet and slab decreased somewhat in the week ended Wednesday May 2 with customers targeting lower prices because of the unstable conditions in the global billet market.Metal Bulletin's weekly price assessment for Iranian billet exports was $480-500 per tonne fob on May 2, against $495-505 per tonne fob a week earlier.Recent bookings of Iranian billet were repo...Read More
RAPAPORT... Texas jeweler James Avery, creator of a popular brand thatbears his name, has died at 96. "We are forever grateful to Mr. Avery for giving us theopportunity to be a part of his dream," the retailer said in a Twitter post on Monday."He was a dynamic, creative and generous man who touched the lives of manypeople during his lifetime through his work, his art and his giving spirit. Hiscont...Read More
(IDEX Online) - Borsheims Fine Jewelry is the latest company to share its positive social impact stories through the Diamond Empowerment Fund's Diamonds Do Good initiative. Borsheims, based in Omaha, Nebraska and owned by Warren Buffett's Berkshire Hathaway Group, is spreading its community development efforts to Botswana, from where its Kalahari Dream Diamonds are sourced. In two of the drought...Read More
BENGALURU, May 2(Reuters) - Gold prices edged up early Wednesday, having fallen almost one percent in the previous session on the back of a stronger U.S. dollar to hit their lowest level this year.FUNDAMENTALS* Spot gold was up 0.2 percent at $1,306.51 per ounce at 0118 GMT. Gold fell to $1,301.51 in the previous session, its lowest level since Dec. 29.* U.S. gold futures for June delivery rose ab...Read More