RAPAPORT... Michael Hill will close its US operations after a run of disappointing sales results in the "challenging" and "loss-making" market, the Australia-based jeweler said Wednesday. "Our time in the highly competitive US jewelry market taughtus a lot and helped to strengthen our core business, including the developmentof our bridal-collection strategy," said CEO Phil Taylor. "Howev...Read More

Mining software company MICROMINE will provide previews of its major product releases – Geobank 2018 and Micromine 2018 – at the Investing in African Mining Indaba, which will take place at the Cape Town International Convention Centre from February 5 to 8. The company will showcase its entire suite of solutions, including data management solution Geobank, three-dimensional modelling a...Read More

(IDEX Online) - The VicenzaOro International Jewellery Show has closed, with organizers reporting a 10 percent increase in buyers - coming from 130 countries - compared to the January 2017 edition to more than 36,000 entries to the event.   The presence of international buyers from the most important countries for the global gold and jewelry sector is growing strongly, they said, with Italy s...Read More

Ferro-alloys trader Massimiliano Gentile has joined Belgian trading house Metraco, the company told Metal Bulletin. Formerly a senior trader at Euromet SA in Switzerland, Gentile will trade ferro-titanium from...Read More

RAPAPORT... De Beers production jumped 22% to33.5 million carats in 2017, driven mainly by increased output from its Gahcho Ku?(C) andOrapa mines, the company reported Thursday.The Gahcho Ku?(C) mine, in which De Beers has a 51% stake, launched operations in late 2016, and has been operating at intendedcapacity since the second quarter of last year. De Beers' share of production at the Canada-loca...Read More

The sale of Brazilian group Odebrecht’s 16.4% stake in Angolan diamond mining company Sociedade Mineira de Catoca (Catoca Mining Company) to the mine’s two main shareholders has been approved by Angolan President João Lourenço. He signed the decree authorising the deal earlier this month, Russian diamond mining group Alrosa has reported. The value of the deal is $140-mill...Read More

Anglo American has appointed Tyler Mitchelson as the chief executive officer (CEO) of its metallurgical coal business, effective April 3. Mitchelson is currently the miner's group head of integration and business planning, based...Read More

With commodity prices improving and the mining industry moving towards positive growth, indications are that participants at the Investing in African Mining Indaba 2018 will experience the “return of investor appetite” first-hand, says Mining Indaba MD Alex Grose.This renewed investor interest suggests that the African mining sector is likely to benefit from increased investment this y...Read More

MOSCOW – Alrosa could sell around 40-million carats of diamonds in 2018 provided market conditions are favourable, the Russian State-controlled diamond miner said on Thursday.The world's largest producer of rough diamonds has said it expects production to fall in 2018 due to an accident at its Mir mine last year although reserves would allow it to keep sales steady.AdvertisementIt expect...Read More

JOHANNESBURG (miningweekly.com) – Buoyed by stronger trading conditions and a contribution from the ramp-up of its Canada-based Gahcho Kué mine in the fourth quarter of 2017, diamond giant De Beers increased its total rough diamond production for the year by 22% to 33.5-million carats, boosted by a 5% increase in production in the fourth quarter to 8.1-million carats.However, among ot...Read More

U.S. equity index futures were higher this morning. S&P 500 futures were up 8 points in pre-opening trade.European Central Bank's monetary policy remains unchanged.The Canadian Dollar was virtually unchanged following release of Canada's November Retail Sales. Consensus was an increase of 0.8% versus a gain of 1.5% in October. Actual was an increase of 0.2%.Index futures were virtually unchang...Read More

JOHANNESBURG (miningweekly.com) – Further geological work will be conducted at diamond exploration and project development company Botswana Diamonds’ Thorny River project, in Limpopo, to further refine grade and revenue estimates and extend volume estimates. “We have made rapid progress at Thorny River with the generation of volume and grade estimates following intensive exp...Read More

SHANGHAI, Jan 25 (SMM)? 1/4 ?Nonferrous futures performed strongly today except for a slight drop in lead prices. SHFE nickel surged 5.6% and copper rose over 2%. Aluminium and zinc both rose around 1% as tin edged up. Ferrous metals also traded up, with coke rising nearly 4% and coking coal up almost 3%. Iron ore gained 1.5% and hot-rolled coil was up 1.4%. Rebar traded 1% higher.Copper: SHF...Read More

SHANGHAI, Jan 25 (SMM)? 1/4 ?Nonferrous futures performed strongly today except for a slight drop in lead prices. SHFE nickel surged 5.6% and copper rose over 2%. Aluminium and zinc both rose around 1% as tin edged up. Ferrous metals also traded up, with coke rising nearly 4% and coking coal up almost 3%. Iron ore gained 1.5% and hot-rolled coil was up 1.4%. Rebar traded 1% higher.Copper: SHF...Read More

SHANGHAI, Jan 25 (SMM)? 1/4 ?Nonferrous futures performed strongly today except for a slight drop in lead prices. SHFE nickel surged 5.6% and copper rose over 2%. Aluminium and zinc both rose around 1% as tin edged up. Ferrous metals also traded up, with coke rising nearly 4% and coking coal up almost 3%. Iron ore gained 1.5% and hot-rolled coil was up 1.4%. Rebar traded 1% higher.Copper: SHF...Read More

Listen to this podcast on our site by clicking here or subscribe on iTunes here.We're living in unusual times, and trying to predict market movements is extremely difficult, which is why this time on the Big Picture, Jim Puplava discussed what's concerning him and where we might expect to see market challenges develop in the near future.Strange Days AfootBased on a number of metrics...Read More

SHANGHAI, Jan 25 (SMM)? 1/4 ? China releases data on its import and export of copper in December 2017 (Unit: mt): Read More

Base metals prices on the London Metal Exchange were on divergent paths at the close on Thursday January 25, with the weak dollar still the key supportive factor. The dollar index continued to crumble further; it is now down 13% since the turn of the year and hit a low of 88.43 today. "For the time being, it seems that commodity markets want to push higher, with a weaker dollar being a formidable...Read More

JOHANNESBURG (miningweekly.com) – Diamond mining company Alrosa has appointed Jim Vimadalal, who previously worked at the Indian offices of Rio Tinto and Swarovski, as director of its representative office in Mumbai.The Indian office is scheduled to open in March.AdvertisementVimadalal will be responsible for cooperating with local industry organisations and advising clients on technical iss...Read More

SHANGHAI, January 25 (SMM) - Chinese customs released the import and export data on refined copper, primary aluminum, and other base metals in December 2017 (unit: mt): Read More