RAPAPORT... Alrosa is set to finalize its acquisition of diamondmanufacturer Kristall in a $29 million deal in October, following approval fromits supervisory board. Alrosa expects the RUB 1.89 billion sale-and-purchaseagreement to be signed by the end of the month, with a concrete plan for themanufacturer's integration into the company to be in place by the end of the year, it noted. Krista...Read More

The United Arab Emirates' biggest producer Emirates Steel and second biggest producer Conares Steel have both decreased their rebar prices, effective from Thursday September 26, Fastmarkets has learned.Emirates Steel is now offering rebar at 1,737 dirhams ($472) per tonne ex-works, down from 1,953 dirhams...Read More

RAPAPORT... Nemesis International on Thursday unveiled a 313-carat diamond that has been certified as the largest D-color polished stone in history. The emerald-shape, VVS1-clarity diamond, known as Constellation 1, is one of eight stones that make up a collection manufactured from the 813-carat Constellation rough, which Nemesis bought in partnership with Swiss jeweler de Grisogono for...Read More

(IDEX Online) - Botswana Diamonds and Vutomi, in which it holds a 40 percent interest, has signed a contract mining and processing agreement with Eurafrican Diamond Corporation (EDC) to mine and process the diamond-bearing gravels and residual stockpiles on a portion of the Marsfontein farm."Partnering with Eurafrican Diamond Corporation paves the way for commercial production to restart on Marsfo...Read More

(IDEX Online) - The Bharat Diamond Bourse (BDB) is offering to reimburse flight tickets of first-time visitors to the Bharat Diamond Week. The offer is eligible to anyone who purchases more than $100,000 worth of diamonds. "It is very important for us at the BDB to see new faces here for this special polished diamond sales week," said Mehul Shah, BDB vice president and head of the organizing...Read More

Domestic long steel prices in Turkey have softened over the past week due to falling imported scrap costs and reduced demand, sources said on Thursday September 26.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, exw Turkey, was TRY2,750-2,780 ($483-488) per tonne on Thursday, narrowing downward from last week's TRY2,750-2,820 per tonne ex-works.The domestic rebar...Read More

(IDEX Online) - Forevermark has launched its latest campaign directed at Indian Consumers. The  #TrustForevermark uses a diamond "question mark" throughout and is designed to reassure consumers they are buying a mined stone.The print campaign follows the journey of a diamond around the question mark from rough to polished, ending in a Forevermark box. Forevermark says the pathway of the diamo...Read More

(IDEX Online) - Alrosa's Supervisory Board has approved the company's acquisition of Kristall, the Smolensk-based diamond manufacturer. Alrosa has purchased a 100-percent stake in the company from the Russian Federation, valued at RUB 1,886 million ($29 million).The sale and purchase agreement is expected to be signed by the end of September, with the deal to be closed in the first half...Read More

(IDEX Online) - Lucara Diamond Corp. today announced the recovery of an exceptional blue, 9.74-carat gem-quality diamond from its Karowe Diamond Mine in Botswana. The mining company also showcased a newly discovered 4.13-carat pink, gem-quality diamond from the same mine. "Lucara is extremely pleased with the recovery of these rare, sizeable, fancy coloured diamonds, which have the poten...Read More

RAPAPORT... WD Lab Grown Diamonds has appointed jewelry-industry veteranSue Rechner CEO. She will be responsible for growing the brand and expandingthe company's market reach. Rechner, who held executive roles at Movado, FrederickGoldman, Citizen and Seiko, was most recently global president of outdoorfootwear and apparel brand Merrell. She will succeed founder Clive Hill, whowill continue to...Read More

LONDON - Rio Tinto is exploring for diamonds in Canada as part of its plans to stay in the sector despite the looming closure of its Argyle mine in Australia, known for extremely rare pink diamonds, the firm's head of copper and diamonds said.Demand and prices for the wider market have fallen as concerns mount about the world economy, and laboratory-grown gems have added to supply.Advertisemen...Read More

Vancouver-headquartered Lucara Diamond Corp has recovered a 9.74 ct gem-quality blue diamond and a 4.13 ct gem-quality pink diamond at its Karowe mine, in Botswana.The diamonds were recovered from direct milling of South Lobe ore.AdvertisementThis follows the recent sale of a 2.24 ct blue diamond for $347 222/ct."Lucara is extremely pleased with the recovery of these rare, sizeable, fancy col...Read More

IronRidge derisks through diverse discoveries SPONSOREDironridge resources "I will make an apology to start with….Read More

JOHANNESBURG (miningweekly.com) – The twenty-sixth Investing in African Mining Indaba – scheduled to take place in Cape Town from February 3 to 6 next year – will offer delegates new insight into issues facing Africa’s resources sector.“We’re building on the success of the 2019 Mining Indaba in terms of the high level of government participation and the substant...Read More

RAPAPORT... Lab-grown brand Altr Created Diamonds has appointed RichardWhitby chief financial officer as part of an effort to broaden the company's reach. "Bringing Richard on board marks a pivotal point for Altr aswe continue our global expansion amidst a shift in the industry," Amish Shah,president of Altr, said last week. "Richard brings meaningful executiveexperience increasing the forwar...Read More

Stellar result for PolarXSPONSOREDpolarx"I am not in agreement with a state company that invests in mining because it is a high-risk investment.Read More

Stellar result for PolarXSPONSOREDpolarxThe 30-year bond has a 4.5% coupon, one of the lowest for a Mexican company in 30 years. The issue was rated at BBB+ by S&P Global Ratings and Fitch Ratings. The company's indebtedness is now $9.4 billion."With these resources we have sufficient for these three projects through 2022, a little for 2023 and start producing in that year," said VP finance Ma...Read More

The supervisory board of Russian diamond miner Alrosa has approved the acquisition of diamond polisher Kristall from the Russian Federation.Kristall, which processes more than 200 000 ct/y from feedstock supplied by Alrosa, is valued at 1.89-billion ruble.Advertisement"Despite the fact that Alrosa is currently a key supplier of rough diamonds to Kristall, it accounts for as little as&nbs...Read More

Current seaborne market conditions have prompted Vale to cut its iron ore pellet production guidance for 2019 to 43 million tonnes from 45 million tonnes previously, the Brazilian mining company said on Thursday September 26. This is the second reduction in the company's iron ore pellet production guidance, following a cut from 60 million tonnes in July. The guidance for overall iron ore and pelle...Read More

The Turkish steel mills have continued to book deep-sea scrap for November shipments, keeping prices fairly stable, sources said on Thursday September 26.A steel mill in the Izmir region booked a Baltic Sea cargo on Thursday, comprising 30,000 tonnes of HMS 1&2 (80:20) at $223.50 per tonne and 5,000 tonnes of bonus at $233 per tonne cfr.Another steel mill in the Marmara region also booked a Baltic...Read More