LSE-listed Petra Diamonds will hold a special tender for the sale of a 20.08 ct blue diamond recovered from the Cullinan mine, in South Africa, in September.Viewings, which can be reserved via appointment, will take place from November 1 to 7 at Petra's diamond marketing offices in Johannesburg.AdvertisementThe tender will then follow from November 8 at the Diamond Exchange and Export Centre.T...Read More
A major South Korean steelmaker is likely to cut its ferrous scrap purchases in October as well as for the rest of the year."This is due to the high inventory levels it is holding, as well as due to it waiting for the delivery of contracted cargoes it had purchased. Steel production rates in South Korea are also likely to dip," a Japanese trader told Fastmarkets last Friday October 4.The cut is ex...Read More
RAPAPORT... De Beers' sales slumped to $295 million in September as the minercontinued to allow sightholders to refuse goods in the prevailing weakrough-diamond market. The company maintained firm prices and offered increasedflexibility to encourage lower purchases, thereby reducing the oversupply inthe polished sector, sightholders explained to Rapaport News. Itcontinued its policy of allowing cl...Read More
JOHANNESBURG (miningweekly.com) – Asset managers globally have become the lightning rod of populist views in Western countries, with the conversation now dominated by climate-change issues within the environmental, social and government (ESG) paradigm as well as what the prospective upheaval in the vehicle industry means for different metals, the Joburg Indaba heard this week.Investor respec...Read More
Golden Mile goes back to the futureSPONSOREDgolden mile resourcesUnder the agreement, First Quantum can earn up to an 80% interest in the project over six years by making annual cash payments totaling US$875,000, completing at least 10,000m of drilling andRead More
Aim-listed Firestone Diamonds' share price on the LSE fell by nearly 28% on Friday after it announced that power supply issues had disrupted production at its 75%-owned Liqhobong diamond mine, in Lesotho.The mine receives its electricity from the Muela hydropower station (MHS), which is owned by the Lesotho Electricity Company (LEC). The power station is located at the Katse dam, which is part...Read More
Golden Mile goes back to the futureSPONSOREDgolden mile resourcesSpeaking at an event organised by the Federation of Copper Workers (FTC) union in the seaside town of Viña del Mar where the FTC expressed concern about the company's high level ofRead More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedThe future of mining is (still) peopleSPONSOREDproudfootRather than rise towards the US$20,000 a tonne which was suggested last week in a note by Bernstein Research (‘Gre...Read More
Golden Mile goes back to the futureSPONSOREDgolden mile resourcesLang brings more than 40 years experience in the mining industry to the table, replacing Alan Hibben as agreed under a settlement with a major shareholder over a bitter battle for a board overhaul.Lang has deep experience in relevant fields of engineering, development and production at gold, copper, coal and platinum group metals ope...Read More
Oriole's deepening footprint in West Africa is paying offSPONSOREDoriole resourcesPoster South Africa mine regeneration on trackSPONSOREDorion mineralsSilver Mines times Bowdens to perfectionSPONSOREDsilver mines limitedThe future of mining is (still) peopleSPONSOREDproudfoot"Market speculation on the potential acquisition of First Quantum provided a short respite to copper-levered names. Howe...Read More
China is still on its Golden Week holiday this morning, Monday October 7, and quiet trading has resulted in fairly mixed prices across the metals and broader markets. We expect activity to pick up when China’s markets reopen on Tuesday, but with United States-China trade talks scheduled for Thursday and Friday, trading is likely to be nervous. Base metals The three-month LME base metals price...Read More
Ferroglobe Plc plans to reduce silicon metal and alloy production by extending or bringing forward several planned outages during the fourth quarter, the company announced on Friday October 4. The leading global silicon metal producer, which faces falling silicon prices, did not specify the tonnages involved in the latest cuts, which include: In France, three silicon furnaces will be idled on...Read More
Key data from the pricing session in London on Friday October 4. Key drivers European grade 5-5-3 silicon price fell after one truckload of material was purchased at around ?,?1,480 ($1,626) per tonne, bringing the low end of the range down to that level. Grade 4-4-1 silicon...Read More
Key data from the October 4 pricing session in London. Key drivers: Cobalt prices make small gains; activity slows but sellers hold out for, or slightly increase, previous offer levels. Market consolidating gains made over August and September in the aftermath of Glencore announcing it will close its Mutanda mine at the end of the year....Read More
Chinese cobalt producer GEM Co Ltd has signed a cobalt supply contract with Switzerland-based miner-trader Glencore, locking in cobalt hydroxide supply for the next five years, the companies announced on October 7. Glencore will supply GEM, including four of its wholly-owned subsidiaries, with at least 61,200 tonnes of cobalt hydroxide between 2020 and 2024. According to the agreement, GEM will pu...Read More
U.S. equity index futures were lower this morning. S&P 500 futures were down 6 points in pre-opening trade.Uber gained $0.97 to $30.64 after Citigroup upgraded the stock to Buy from Neutral. Target was set at $45.Carnival slipped $0.28 to $40.86 after HSBC downgraded the stock to Hold from Buy.Wendy's dropped $0.26 to $20.43 after Cowen downgraded the stock to Market Perform from Outperform Ge...Read More
Editor's note: People are irrational creatures. And perhaps never more so than when it comes to the stock market. Today, eccentric former hedge fund manager James Altucher shows you the key to capitalizing on that irrationality.Dear Reader,Our brains are messed up. Daniel Kahneman, the Nobel Prize winning economist, calls the ways we are messed up “cognitive biases.”Our cognitive biase...Read More
According to the Employee Benefit Research Institute (EBRI), home and home-related expenses are the single largest spending category for older Americans.It's understandable then to be tempted to pay off your mortgage if you are retired or getting closer to retirement.Before you do that, though, there are four questions you should ask yourself to make sure it's the best move for you.Question #1: Wh...Read More
If you think vending machines are just for candy and soda, think again.Whether you're in need of a fresh slice of pizza, a new pair of running shoes, or refill on your glass of Mo?<
Owning a rental property can be a great investment.Especially if the neighborhood you buy in is growing fast, there's lots of demand and not a lot of supply, and your tenant also happens to be a nun.But that's almost never the case. In fact, I've heard, and seen, some horror stories.Drug dealing tenants, mice, bed bugs, holes through drywall, backed-up toilets...you name it.I'm telling you this no...Read More