The diamond industry is waking up to a new reality. Not only are the banks insisting on stricter compliance standards and pipeline integrity, but the largest mining companies and jewelry retailers are rapidly following suit. This is forcing ...
Tags: diamond industry, diamond
Major iron ore producers will have to cut production like aluminum producers did in 1994 to halt the current slump in spot prices, investment bank Investec said in a note Tuesday. "In our view if iron ore prices prevail at current levels ...
Coal exports from Australia's Gladstone port exceeded 7 million mt in November, as buyers from China, Japan and South Korea increased their offtake, a report from Gladstone port authority Friday said. Throughput at the port -- which ships ...
Tags: Coal exports, thermal coal, coking coal
Seaborne iron ore prices reached a new historic low Tuesday as the Platts 62% Fe Iron Ore Index, or IODEX, lost $0.75/dmt on the day to reach $44/dmt CFR North China. It is the lowest point the IODEX has been since Platts' began spot ...
Tags: Seaborne iron ore, steel, ore
Dalrymple Bay coal terminal's exports to India slumped dramatically in October to just 266,700 mt compared with 873,500 mt in September and an on-month decline of 228%, according to shipping data for the Australian terminal released ...
Tags: coal, thermal coal, metallurgical coal
Brazilian iron ore miner Samarco may be out of iron ore pellets within three weeks following a fatal tailings dam collapse last week, a source familiar with the company said Monday. An indefinite stoppage could affect global pellet ...
Tags: Samarco, iron ore miner, coals
Cadmium telluride (CdTe) thin-film photovoltaic (PV) module maker First Solar Inc of Tempe, AZ, USA, international mining group Rio Tinto and the Australian Renewable Energy Agency (ARENA) have announced that Australia's first commercial ...
Tags: PV Modules, Solar Plant
Don’t be fooled by the pitch that touts shortage as a reason for investors to plough dollars into the diamond mining sector. In fact, like many other commodities in the world today, the diamond industry is also drowning in a supply ...
Tags: Diamond Supply, diamond mining
China's iron ore demand is falling, but its share of imports from mining giants Australia and Brazil is rising, which is squeezing smaller miners and curbing their supply. China imported 453.1 million mt of iron ore in January-June, with ...
For those thinking that the Diamond is Forever advertising campaign will easily resonate with millennials, think again. De Beers has a lot of work to do before it relaunches the iconic slogan in late September, as part of Forevermark U.S. ...
Australian thermal coal shippers such as BHP Billiton, Glencore, Peabody Energy and Rio Tinto may potentially have to wait until June 2017 for China to eliminate its 6% tariff on imports of Australian thermal coal, the Australian government ...
Tags: Import Tariff, Thermal Coal
Chinese steelmakers are facing more headwinds this year as economic growth slows and need government support to tackle long-term overcapacity, the chairman of Anshan Iron & Steel Group said. China's steel sector has been struggling with ...
Tags: Steel, Metallurgy, Mineral
Diamantaires were happy to see the back of 2014. After all, it was a tough year in which polished diamond prices declined, accelerating the general downtrend evident since mid-2011. Therefore, there is understandably some uncertainty about ...
The World Diamond Conference that took place last week in New Delhi, India, created a buzz in the industry that, frankly, needed a bit of a pick-up considering the state of the market. It not often that two heads of state attend a diamond ...
Tags: Diamond Trade, Arts
Although dwindling domestic demand and excess capacity have shrunk profit margins for most Chinese steelmakers, it has inspired some to tap overseas markets for sustained, long-term growth. Hebei Iron &Steel Co, China's second-largest ...
Tags: Chinese Steelmakers, Iron, Steel