Botswana Diamonds soars on promising find at South African project

Shares in London-listed Botswana Diamonds (LON:BOD) received a fresh shot in the arm on Friday after the miner said that sampling work at its Ontevreden licence in South Africa seems to prove the presence of high-grade kimberlite pipes. The discoveries at the site, which Botswana Diamonds operates in a joint venture with Vutomi Mining, follow detailed[…]

China iron ore makes biggest monthly drop since May 2016 as demand concerns rise

China iron ore futures made their biggest monthly decline since May 2016 amid increasing concerns about demand as government inspections have curtailed steel production and ample inventories. The Dalian Commodity Exchange’s most-traded iron ore contract, for January delivery, closed down 0.98 percent at 454.5 yuan ($68.45) per tonne. This means the contract has fallen 19[…]

China bought tonnes of North Korean coal

North Korea’s biggest trading partner imported 1.64 million tonnes of coal in August, despite a supposed embargo imposed by Beijing to comply with the UN sanctions aimed at stopping Pyongyang’s nuclear ambitions. According to CNN, even though China announced in February that it would halt all coal shipments from its smaller neighbour through the end[…]