DRAWS INITIAL US$3M FROM WORKING CAPITAL FACILITYJanuary 17, 2018, Vancouver, B.C. - Northern Vertex Mining Corp. (TSX.V: NEE) (the "Company") is pleased to announce that it has successfully completed the vendor commissioning phase of the start-up of the Moss Mine crushing plant.The initial testing phase of the crushing plant included 14 conveyors and 4 vibratory rock feeders, the jaw crusher, a...Read More
Japan's November steel demand dipped year on year in 2017, after coming under pressure from weaker consumption in the domestic building and construction industries, Japan Iron & Steel Federation (JISF) statistics showed this week.Steel demand in the building and construction sectors was down 12.2% to 948,000 tonnes, compared November 2016, and down 3.2% from 980,000 tonnes in October 2017.In Novem...Read More
Japan's November steel demand dipped year on year in 2017, after coming under pressure from weaker consumption in the domestic building and construction industries, Japan Iron & Steel Federation (JISF) statistics showed this week.Steel demand in the building and construction sectors was down 12.2% to 948,000 tonnes, compared November 2016, and down 3.2% from 980,000 tonnes in October 2017.In Novem...Read More
The EU's domestic prices for hot-dipped galvanized coil (HDG) were largely unchanged this week, but they are expected to rise in late January, sources have told Metal Bulletin.The price rise will be driven by positive trends in domestic hot-rolled coil (HRC) and cold-rolled coil (CRC) in the EU and limited imports.Metal Bulletin's weekly price assessment for domestic HDG in Southern Europe was ?,?...Read More
Domestic prices for rebar in Northern Europe have narrowed upward by ?,?10 per tonne week-on-week amid rising production costs and strong demand, sources told Metal Bulletin on Wednesday January 17.Metal Bulletin's weekly price assessment for domestic rebar in Northern Europe was ?,?550-570 ($674-698) per tonne delivered on Wednesday, up from ?,?540-570 per tonne on January...Read More
Domestic European prices for steel beams increased again this week due to healthy demand from end-users and steep costs for producers, market sources told Metal Bulletin on Wednesday January 17.Metal Bulletin's price assessments for S235-grade, 200 x 200mm category-2 H-beams made in both Northern and Southern Europe moved up by ?,?5 per tonne to ?,?620-650 ($759-796) per tonne delivered on January...Read More
Domestic prices for steel wire rod rose by ?,?5-20 per tonne in Southern Europe this week because of higher ferrous scrap costs, sources told Metal Bulletin on Wednesday January 17.Meanwhile, Metal Bulletin's weekly price assessment for domestic mesh-quality wire rod in Southern Europe narrowed upward to ?,?520-550 ($637-674) per tonne delivered on January 17, from ?,?515-530 per...Read More
RAPAPORT... Tiffany & Co.'s sales jumped 8% during the holidayseason amid a sharp improvement in US demand and a recovery in Asian markets,the luxury jeweler reported Wednesday. Group sales grew to $1.05 billion during November andDecember, with comparable-store sales - those at branches open for at least ayear - rising 5%. Growth was registered across all regions and productcategories, both i...Read More
The latest metal markets news and price moves to start the North American day on Wednesday January 17.Base metals prices on the London Metal Exchange were little changed during morning trading on Wednesday January 17, with prices looking to consolidate after Tuesday's sell off.The three-month aluminium price came under pressure yesterday, closing down 2%, but has edged $2 higher this morning.Here...Read More
JOHANNESBURG (miningweekly.com) – Aim-listed Firestone Diamonds, which sold 156 942 ct of diamonds recovered at its Liqhobong mine, in Lesotho, in the quarter ended December 31, has adopted a revised mine plan to increase cash flow in the short term, while resolving issues that affect the value of recovered diamonds.Diamonds were sold at an average of $80/ct in the December quarter, compared...Read More
RAPAPORT... The Diamond Empowerment Fund (DEF) will honor De Beers CEOBruce Cleaver, as well as Rolex and a Canadian regional government, at itsDiamonds Do Good awards event in Las Vegas in May. Cleaver, who has headed De Beers since July 2016, will pickup the Professional Advancement Award for his role in promoting the role ofwomen in the industry, the DEF said Tuesday. During Cleaver's tenure, t...Read More
(IDEX Online) - The Diamond Empowerment Fund (D.E.F.) has announced the recipients of its 2018 'Diamonds Do Good' Awards, to be presented at the D.E.F. annual gala on May 31 at the Four Seasons Ballroom in Las Vegas. The government of Canada's Northwest Territories will receive the Diamonds Do Good Responsible Government Award; Rolex will receive the Diamonds Do Good Global Corporate Spirit...Read More
RAPAPORT... The third Jewelry Industry Summit, originally planned forearly March, is being rescheduled to a later date due to a lack of funding,organizers said. Although the forum, which promotes sustainability andresponsible sourcing, has received a number of contributions from sponsors, theorganization claims many companies are investing their resources in their own sustainabilityprograms. The s...Read More
Good morning from Metal Bulletin's office in Shanghai, as we bring you the latest news and pricing stories on Wednesday January 17.Base metals prices on the Shanghai Futures Exchange were in two camps during Asian morning trading on Wednesday, with zinc, lead and tin prices posting marginal gains, while the others pushed lower.Check Metal Bulletin's live futures report here. SHFE snapshot at 11.31...Read More
(IDEX Online) - The International Grown Diamond Association (IGDA) said that the Gem Certification and Assurance Lab (GCAL) has joined the organization. GCAL is the first diamond and gemstone laboratory to join the organization, the IGDA said. With almost 40 members, which includes lab-grown diamond growers, distributors, suppliers, retailers and technical experts, IGDA members span the US...Read More
JOHANNESBURG (miningweekly.com) – Australia-based miner Lucapa Diamond Company is starting the year off on a high note, announcing on Wednesday that it had recovered another 100-ct plus stone at its Lulo project, in Angola.The 116 ct low-quality diamond is the second 100-ct-plus stone recovered in the first three weeks of the year, and also the tenth such diamond unearthed at the mine, which...Read More
RAPAPORT... Manufacturing Jewelers & Suppliers of America (MJSA) haslaunched a social-media marketing drive aimed at increasing millennials' interest in the jewelry industry, the trade alliance said Tuesday.The Jewelers Do It Better campaign strives to raiseawareness and interest in various jewelry styles. It also seeks to highlight the role of manufacturers and designers by featuring differen...Read More
RAPAPORT... Firestone Diamonds saw an increase in the average price achieved at its Liqhobong mine in Lesotho in the second fiscal quarter as production shifted to a higher-grade area of the operation. The company achieved $80 per carat during the three months that ended December 31, compared to $69 in the previous quarter, the miner reported Wednesday. Firestone sold 156,942 carats for $12.5...Read More
China has basically completed capacity cuts in the steel sector, said Shen Ying, general accountant of the State-owned Assets Supervision and Administration Commission (SASAC) on Wednesday January 17. Moving forward, China will push for a technology upgrade in the steel industry.In 2018, the country aims to further restructure the coal industry and reduce capacity by more than 10 mi...Read More
China has basically completed capacity cuts in the steel sector, said Shen Ying, general accountant of the State-owned Assets Supervision and Administration Commission (SASAC) on Wednesday January 17. Moving forward, China will push for a technology upgrade in the steel industry.In 2018, the country aims to further restructure the coal industry and reduce capacity by more than 10 mi...Read More