Import prices for stainless steel in East Asia continued to soften over the past week due to thin buying interest and sellers trying to destock, even as market participants in Taiwan took a breather due to a string of public holidays on the island.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,080-2,130 per tonne cif East Asian ports for the w...Read More

The raising comes a week after W Resources received a €5.3 million (US$6.6 million) grant from the Junta de Extremadura government, as well as a US$35 million loan facility from BlackRock, both to advance the La Parrilla tungsten and tin project in Spain.It placed 300 million ordinary shares at £0.005/share to new and existing shareholders, with an application for the new ordinary share...Read More

(IDEX Online) - The Diamond Empowerment Fund (DEF), through its Diamonds Do Good nomenclature, launched a profile of Okavango Diamond Company's Youth Entrepreneurship Programme (ODC-YEP) on DiamondsDoGood.com.   The program is designed to expose youth in Botswana to the diamond value chain and provide formal entrepreneurship training to assist them in exploring and developing their entreprene...Read More

GABORONE – The world’s most valuable diamond mine is set to get even bigger.Debswana, the joint venture between Anglo American’s De Beers unit and Botswana’s government, is seeking permission to deepen the Jwaneng mine to 830 meters (2 700 feet), according to a notice published in local newspapers Thursday. The Cut 9 project will extend the mine’s life by 11 years, to...Read More

(IDEX Online) - The Guangzhou Diamond Exchange (GZDE), together with senior rough diamond buyers, opened its first Generic Public Course on Rough Diamonds at the end of March.   Rough diamonds are unfamiliar to most mainland Chinese companies, the GZDE said.   The course includes theory, sharing trading experience, visiting factories, and viewing goods. It attracted diamond industry pla...Read More

The company outlined a 29% production drop in the March quarter due to higher rainfall and lower evaporation rates.It said although production in the June quarter was expected to be significantly higher, its full year production would be about 10% lower than expected.In London, diversified miner Anglo American (LN:AAL) fell 3.17%. Reports have emerged it will be fined BRL125.6 million (US$37.7 mil...Read More

(IDEX Online News) - The IDEX polished diamond price index was flat during March following small increases in January and February.                                             &nb...Read More

(IDEX Online) - Pangolin Diamonds Corp. has signed an option agreement to earn up to a 75% interest in the AK10 diamond project located in Botswana, situated 4 km from the AK06/Karowe mine.   The option agreement is with Makanwu Civil Blasting (MCB), a private company incorporated in Botswana.   "I am extremely pleased with this transaction.  The AK10 kimberlite has been under evalu...Read More

The reinstatement was subject to conditions including plant construction starting within three months, commissioning by September 30 and first production by December 30.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 economic news at 8:30 AM EDT. Consensus for February U.S. Trade Deficit was $56.8 billion versus $56.6 billion in January. Actual was $57.6 billion. Consensus for Weekly Jobless Claims was 226,000 versus 215,000 last week. Actua...Read More

Muttenz-headquartered Clariant expects to see growth across its core care chemicals, catalysis, natural resources, and plastics and coatings businesses.The Trump US government is lowering company taxes and has generally overseen a period of increased business confidence, investment and employment over the past 12 months."Clariant is … excited about its plans for growth over the next four ye...Read More

Listen to this podcast on our site by clicking here or subscribe on iTunes here."Many retirees and pre-retirees worry about market losses derailing their retirement yet pursue aggressive investment strategies," notes a recent comprehensive survey by MassMutual. Financial Sense Newshour's Jim Puplava discussed some of the key highlights and offers some advice for investors given the...Read More

Car production in Brazil rose by 13.50% year-on-year in March, driven by higher sales to the local market.Production came to 267,500 units, against 235,600 vehicles in the corresponding month last year, according to figures released by national automobile association Anfavea on Thursday April 5.Car sales to the Brazilian domestic market increased by 9.60% in March on an annual...Read More

Turkey's Oyak Group - owner of the country's biggest steel producer, Erdemir Group - is to invest in a new port in Kocaeli in partnership with Japan's Nippon Yusen Kaisha (NYK Line), Erdemir announced on Thursday April 5.The investment will be $110 million, for the port to be located on the Yarimca peninsula of Kocaeli's K??rfez district, east of Istanbul. It will be a...Read More

Import prices for stainless steel in East Asia continued to soften over the past week due to thin buying interest and sellers trying to destock, even as market participants in Taiwan took a breather due to a string of public holidays on the island.Metal Bulletin's assessment of prices for benchmark 304 stainless 2mm trimmed cold-rolled coil was $2,080-2,130 per tonne cif East Asian ports for the w...Read More

"Every ugly incident in the mining industry is a call for you to do something better," he said Thursday as he addressed stakeholders on his visit to the Modikwa platinum mine in the Limpopo province. Read More

April 5, 2018 - Brixton Metals Corporation (TSXV: BBB) (the "Company" or "Brixton") is pleased to announce that it has entered into an asset purchase and sale agreement to acquire a 100% interest in five mining claims for 2,740 hectares in the Atlin Camp of British Columbia. Brixton will acquire the properties by issuing the sellers an aggregate of 50,000 common shares and $10,000 in cash consid...Read More

Base metals prices on the London Metal Exchange are mixed this morning, Thursday April 5. The main movers are nickel, with prices up by 0.6% at $13,230 per tonne, and zinc where prices are down by 0.5% at $3,237 per tonne. Copper prices are up by 0.1% at $6,721 per tonne. Volume has been light with 2,187 lots traded as of 06.46 am London time, this because China is off for the rest of the week to...Read More

The export market for CIS-origin pig iron was quiet in the week ended Thursday April 5 because of the Easter holidays in the United States and Europe."There is no activity in the US due to Easter and the expectations of scrap market price [movements] in April," a source close to pig iron suppliers told Metal Bulletin.In the US, the offer price for low-manganese pig iron was $425 per tonne cfr. Tha...Read More

Nationally-recognised courses in automation are expected to be available at WA TAFE colleges and high schools next year, announced at a launch in Perth yesterday attended by dozens of resources industry heavyweights.It comes after Rio committed A$2 million last year to develop the new qualifications.Rio Tinto Iron Ore chief executive Chris Salisbury and Education and Training Minister Sue Ellery i...Read More