JOHANNESBURG (miningweekly.com) – TSX-listed Tsodilo Resources has recovered 101 diamonds, representing 18.57 ct, from samples by an independent and experienced diamond classifier at its BK16 kimberlite project, in the Orapa Kimberlite Field (OKF), in Botswana.The diamondiferous BK16 kimberlite pipe is approximately 6 ha in size at surface and is known to contain rare and valuable Type IIa d...Read More

The company produced 285,851 carats in the March quarter, dropping 26% year-on-year, from 562,520 tonnes of ore processed, up 34%, at an average grade of 51ct per hundred tonnes, which compared to a grade of 92cpht a year ago.Read More

SHANGHAI, Apr 12 (SMM) –Copper: LME copper registered a loss overnight, along with its Shanghai counterpart. We see it trading at $6,910-6,960/mt today. With strong support from the five- and 20-day moving averages, the SHFE 1806 contract is likely to trade at 50,800-51,500 yuan/mt with spot prices ranging from a discount of 40 yuan/mt to a premium of 20 yuan/mt today.Aluniniu...Read More

(IDEX Online) - ALROSA will auction special size rough diamonds over 10.8 carats in Vladivostok from April 16 to 27, 2018.   In total, the company will auction 110 gem quality lots in the sale which is being organized by the United Selling Organization of ALROSA and the ALROSA office in Vladivostok.   The total weight of the diamonds to be auctioned is 1,946 carats, with the largest gem...Read More

JOHANNESBURG (miningweekly.com) – The De Beers Group has launched its Forevermark diamond brand in Indonesia.For the market launch, Forevermark will partner with Indonesia’s premier jewellery company, Central Mega Kencana (CMK). AdvertisementForevermark will initially be sold in 12 stores in the CMK network in the Jakarta region, with plans to expand further in the near future.The...Read More

RAPAPORT... Christie's Geneva spring sale will feature a20.49-carat, fancy vivid-yellow diamond ring, estimated at between $3.9 millionand $4.7 million (CHF 3.8 million to CHF 4.5 million), the auction house said Wednesday. Other notable lots are an 8.52-carat fancy intensepurplish-pink diamond solitaire ring, estimated at $3.6 million to $5.2 million(CHF 3.5 million to CHF 5 million), and a...Read More

The miner has 2.3 billion shares on issue and a current price of £0.0165 (US$0.024) per share following a December placing to pay for the Calcatreu project in Argentina.Read More

RAPAPORT... Stornoway Diamond Corporation saw rough prices rise in thefirst quarter, driven by a resurgent market and the sale of its most expensive stoneto date. The miner achieved an average price of $112 per carat forthe three months ending March 31, selling 399,135 carats for a total of $44.8million (CAD 56.4 million). A 37-carat, type IIa, D-color, internally flawlessrough stone garnered $1.3...Read More

JOHANNESBURG (miningweekly.com) – TSX-listed Lucara Diamonds has recovered a 472 ct, top light brown gem diamond in Botswana.It is the third largest diamond recovered from the company’s 100%-owned Karowe diamond mine.AdvertisementIn 2015, the Canadian firm discovered the 1 109 ct Lesedi La Rona and the 812.77 ct dimoand named The Constellation. The Lesedi La Rona sold for $53-mill...Read More

The stone is the third biggest diamond ever to be recovered at the mine and the fourth over 100ct to be discovered so far this year.It recovered 218 diamonds over 10.8ct during the March quarter, the third highest quarterly haul on record, with at least eight of these being exceptional stone tender-qualifying diamonds.Lucara CEO Eira Thomas said the company was focused on mining at Karowe's high-v...Read More

SHANGHAI, Apr 12 (SMM) – Nonferrous metals futures were weaker for the most part except for SHFE nickel. Zinc plunged nearly 3.6%, copper lost over 1%, tin fell almost 1%, while aluminium and lead slipped.The ferrous complex also closed lower, except for hot-rolled coil. Coking coal slid nearly 4%, coke dropped 3%, iron ore fell nearly 1%, and rebar edged down.Copper: SHFE copper was dragged...Read More

SHANGHAI, Apr 12 (SMM) – Nonferrous metals futures were weaker for the most part except for SHFE nickel. Zinc plunged nearly 3.6%, copper lost over 1%, tin fell almost 1%, while aluminium and lead slipped.The ferrous complex also closed lower, except for hot-rolled coil. Coking coal slid nearly 4%, coke dropped 3%, iron ore fell nearly 1%, and rebar edged down.Copper: SHFE copper was dragged...Read More

RAPAPORT... Canada-based jewelry retailer Birks Group hasappointed Aur?(C)lie P?(C)pion vice president of omni-channel sales and operations. P?(C)pion (pictured) has more than13 years of management experience with luxury brands. She was most recently themanaging director, Canada, for Swarovski, responsible for retail and wholesaleoperations, marketing and merchandising. She has also work...Read More

SHANGHAI, Apr 12 (SMM) – Nonferrous metals futures were weaker for the most part except for SHFE nickel. Zinc plunged nearly 3.6%, copper lost over 1%, tin fell almost 1%, while aluminium and lead slipped.The ferrous complex also closed lower, except for hot-rolled coil. Coking coal slid nearly 4%, coke dropped 3%, iron ore fell nearly 1%, and rebar edged down.Copper: SHFE copper was dragged...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 13 points in pre-opening trade. Index futures were virtually unchanged following release of the Weekly Jobless Report at 8:30 AM EDT. Consensus was 230,000 versus 242,000 last week. Actual was 233,000.Delta Airlines added $1.33 to $52.80 after reporting higher than consensus first quarter earnings.Blackrock gained $6.6...Read More

JOHANNESBURG (miningweekly.com) – ASX-listed Newfield Resources (NWF), which plans to acquire the entire issued and to-be-issued share capital of Africa-focused Stellar Diamonds for £7.74-million, will raise A$3-million through the issue of 15-million new shares.The shares will be sold at A$0.20 a share.AdvertisementNWF also announced the closing of the proposed rights issue – ra...Read More

China's vehicle production and sales continued to rise on an annual basis in March. The country produced 2.68 million vehicles last month, up 1.2% from a year earlier. Sales rose 4.7% year on year to 2.66 million units, according to data released...Read More

SHANGHAI, Apr 12 (SMM) – Auto producers in China are not expected to be short of the “credits” needed to operate in the country after 2020 as more new-energy vehicles are produced, according to Mo Ke, chief analyst at RealLi Research.Carmakers in China that sell over 30,000 units annually must earn “credits” equivalent to 10% of their output and imports. Those who fai...Read More

Listen to this podcast on our site by clicking here or subscribe on iTunes here.Markets are currently assuming that oil prices are capped right now and that with increased shale production in the US, we're unlikely to see higher prices anytime soon.This time on the Financial Sense Newshour's Big Picture, Jim Puplava looks at why peak oil production and other supply issues may lead to a rude a...Read More

RAPAPORT... The global diamond and jewelry industry may have feltnervous about the US proposal earlier this month to place $50 billion-worth of tariffs on Chinese goods. The response from the People's Republic lastweek - threatening its own duty hike on imports from the US - raised the stakeshigher still.However, diamond traders need not worry yet, senior figuresin the sector have predicted....Read More