Earlier this month, it formally announced its intention to list on AIM and the Johannesburg Stock Exchange by the end of March, and said on Monday it had applied for all ordinary shares in the company to be admitted to trading on AIM on March 29, the same day it is due to list in Johannesburg.Read More

(IDEX Online) - Surat based STPL, which develops diamond industry technology solutions, said it took part in the recent Festival of Innovation organized by India's President's in association with Department of Science & Technology and the National Innovation Foundation-India.   This year's theme was Festival of Innovation and Entrepreneurship (FINE).   FINE is a cele...Read More

Global stocks rebounded Monday, pulling European markets higher and lifting U.S. equity futures into the green, following news that White House trade officials agreed to exempt South Korea from steel tariffs and were ready to open dialogue with China in an effort to avert a global trade war that has threatened economic growth and hammered financial markets around the world. Contracts tied t...Read More

SHANGHAI, Mar 26 (SMM)? 1/4 ? China releases data on its import and export of copper in Feruary 2018 (Unit: mt): Read More

JSE-listed raiseboring and drillingservices provider Master Drillingfeatured its horizontal raiseboring (HRB) technology and its advantagesfor mechanised mining at the latestSouth African National Committee on Tunnelling (SANCOT) breakfast, heldin Woodmead last month. Master Drilling mechanical engineer Willem Roothman, who presented the technology for mining and civilengineering applications, hig...Read More

The gold price has risen about $20/oz since Thursday when US president Donald Trump signed a presidential memorandum that could impose tariffs on Chinese imports, a plan China "firmly opposes".Gold stocks rose strongly on Friday and in today's trade, with Newmont Mining (US:NEM) finishing up 3.06% in New York on Friday.It was a similar tale in London where Randgold Resources (LN:RRS) closed up 2.9...Read More

South Korea is working to ease the steel import quota limits imposed by the United States following its Section 232 investigations, the Korea Iron & Steel Association (Kisa) said on Monday March 26.The 70% quota is based on the average US import volumes from South Korea for 2015-2017, which is about 74% of 2017's total, and was imposed after the US exempted South Korea from the Sect...Read More

(Kitco News) - Gold pricesare slightly lower in early U.S. trading Monday, on a normal, correctivepullback from recent good gains and after hitting a five-week high overnight. April Comex gold futures were last down $1.70 an ounce at $1,348.20.May Comex silver was last up $0.048 at $16.63 an ounce.Worldstock markets were mostly higher overnight. U.S. stock indexes are pointedtoward solidly higher...Read More

(IDEX Online) - Israel Diamond Exchange CEO Eli Avidar has announced he will be stepping down from the position and intends to become a member of Israel's parliament, the Knesset.   Avidar, aged 53, who also served as the CEO of the Israel Diamond Institute, from which he recently resigned, told the IDE's board of directors that he did not intend to extend his contract with the bour...Read More

SHANGHAI, Mar 26 (SMM) – Spot copper in the Shanghai market was offered at a discount of 200-150 yuan/mt on the morning of Monday March 26, SMM learned. This compared with discounts of 190-130 yuan/mt on the morning of Friday March 23. For editorial queries, please contact Daisy Tseng at daisy@smm.cn For more information on how to access our research reports, please email service.e...Read More

Tim Livesey, chief executive of Stratex International plc (LON:STI), tells Proactive they've received approval from the Senegalese government regarding the Dalafin gold project.The approval relates to its Option Agreement with AGEM Senegal Exploration Suarl (AGEM), a subsidiary of IAMGOLD Corp (IAMGOLD).With the approval now in the bag, Livesey says they can begin fast-tracking exploration at the...Read More

RAPAPORT... The Jewelers Board of Trade (JBT) has appointed RichardWeisenfeld as president, the industry group said Friday.  Weisenfeld (pictured), who previously held executive positions at RivaPrecision Manufacturing, as well as at Pranda North America, has been actingpresident since Anthony Capuano retired in February. He has served on the JBT boardfor 17 years, and was chairman from 2014...Read More

While the US imposing tariffs on approximately US$60 billion of Chinese imports and China reciprocating with plans to enact its own duties on approximately $3 billion worth of US-origin goods could have some impact on the copper market, the investor reaction has been overblown, according to Dane Davis of Barclays Capital.LME three-month copper dropped to below $6,500 per tonne on the back of this...Read More

(Kitco News) - The gold market is finally due for some excitement as the yellow metal is looking ready to break out of its narrow trading range and challenge January’s high of $1,366 an ounce, said TD Securities in a report.“After being locked in a fairly tight range between $1,302-1,340/oz for many weeks, traders took the yellow metal higher into a position to challenge the high of $1...Read More

SHANGHAI, Mar 26 (SMM) – This is a roundup of global macroeconomic news last weekend and what is expected today.Last Friday nightGrowing trade tension dragged the US dollar index down to a month-low of 89.496, down 0.4% during the day and 0.8% over the week.Such bearish sentiment also led base metals to fall across the board except for zinc. SHFE copper saw a smaller decline but fell cl...Read More

Vast Resources has boosted the resource at its 100%-owned Manaila mine by 78% to 4.6mln tonnes of ore grading 0.97% copper, 0.32% lead, 0.68%zinc, 25.8 grams per tonne silver, and 0.23% gold.Chief executive Andrew Prelea says, as promised, the updated resource has been delivered before the end of March ... ''which is basically ten times greater in indicated than the initial pit acquisition''.''We'...Read More

Base metals prices on the London Metal Exchange are down across the board by an average of 0.5% this morning, Monday March 26, led by a 1.1% fall in copper to $6,577 per tonne. Volume has been high with 12,433 lots traded as of 07:18 am London time. In precious metals, gold prices are off by 0.2% at $1,344.89 per oz, while silver and platinum prices are little changed and palladium prices are up b...Read More

LONDON (Reuters) - World stocks came off six-week lows and U.S. stock futures jumped on Monday on optimism that the United States and China are set to begin negotiations on trade, easing fears about a trade war between the world’s two largest economies.MSCI’s world equity index .MIWD00000PUS, which tracks shares in 47 countries, touched its lowest level since Feb. 9 but was then buoyed...Read More

South Korea is working to ease the steel import quota limits imposed by the United States following its Section 232 investigations, the Korea Iron & Steel Association (Kisa) said on Monday March 26.The 70% quota is based on the average US import volumes from South Korea for 2015-2017, which is about 74% of 2017's total, and was imposed after the US exempted South Korea from the Sect...Read More

After dropping over 1100 points on Thursday and Friday of last week, the Dow Jones Industrial Average has staged a dynamic recovery today. As of 3:30 PM Eastern standard time, it is trading 622 points higher at 24,155. This recovery is the result of an easing of tensions regarding the possibility that there will be a trade war between China and the United States.In an interview with Fox News Treas...Read More