Profit is the new turnover in the diamond trade. As retail inventory levels continue to shrink due to recession-driven efficiencies, the trade has had to change its mindset. No longer can diamantaires play the high-volume production game: ...
Tags: diamond trade, diamond
What business does a gemological laboratory have telling stories about diamonds? That was the unspoken question Matt Crimmin had to answer in his presentations at JCK Las Vegas earlier this month. As vice president of lab operations for ...
Major Chinese miner Shenhua Group's commercial coal production in December reached 25.30 million mt, up 0.4% year on year, the company said Sunday. Coal sales rose 4.8% year on year to 34.7 million in December, of which sales of ...
Tags: commercial coal, coal
Major Chinese coal miners will be able to temporarily adjust their coal output in either direction between September and December after an agreement with the China Coal Trade and Development Association, industry sources said Friday. The ...
Tags: coal miners, Ferrochrome
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
Adidas has officially assigned employment IDs to a trio of former Nike designers who left the swoosh company last year. According to a photo on Marc Dolce’s twitter page (@marcdolce) he, Denis Dekovic and Mark Miner were inducted ...
Tags: Adidas, Nike designers, Employment
Rescuers are preparing to attempt to reach to 8 of the 17 miners trapped underground for a seventh day, following the collapse of a gypsum mine in Shandong Province. The drilling of the third and the fourth relief holes is underway, which ...
Australia-listed Stanmore Coal has appointed mining contractor Golding to restart production at its Isaac Plains mine in the first half of 2016, the miner said in a statement to the Australian Securities Exchange Thursday. Stanmore ...
Tags: thermal coal, coal
Atlantic metallurgical coal buyers and miners Friday were positive on the reported $81/mt hard coking coal benchmark, with new spot US offers looking to match or exceed this reference. Some buyers were bracing for a settlement closer to ...
Tags: Atlantic Met Coal, hard coking coal, coke
Poland is planning to sell its hard coal stockpiles to Ukraine in order to raise cash to inject liquidity into the country's struggling state-owned coal miners, development minister Mateusz Morawiecki, said Monday. "There is a coal ...
Tags: coal, coking coal, anthracite
Australian miner Roy Hill said Tuesday the first vessel has docked at its newly completed South West Creek Wharf in Port Hedland in readiness for loading iron ore fines and lump from its new mining operation. The vessel MV Anangel ...
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
West coast Indian miner Fomento Resources has offered a cargo of 57%-Fe iron ore fines material through a spot tender Thursday, making this the first iron ore shipment the miner will send out of Goa after the state's mining bans were ...
Tags: Fomento Resources, seaborne prices, Iron Ore
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 ...