(miningnews.net) - The diamond industry’s ability to adapt to demand means it will be one of the first commodity markets to recover, according to Tim Clark, head of metals and mining research at Standard Bank. Presenting at the Mines and Money conference in London, Clark said: “We think the market participants in the diamond market are far more rational than in some other commodity markets, where we have noted a drop down to deep levels of the cost curve and a significant amount of pain that could potentially continue for a very significant amount of time as mines take a very long time to close, if they close at all.”
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Today
Orion Minerals secures $40m Glencore financing for Prieska mine development
Orion Minerals has secured $40 million in Tranche A financing from Glencore for its flagship Prieska Copper Zinc Mine in South Africa's Northern Cape, after the funding became unconditional following the execution of final concentrate offtake and intercreditor...
Today
De Beers' Q3 output falls 11%, assumes full ownership of Gahcho Kue
Anglo American has reported an 11% decrease in De Beers’ rough diamond production for the third quarter of 2026, down to 6.8 million carats compared to 7.7 million carats in the same period last year.
Today
Critical Metals gets formal approval for Tanbreez rare earth mine from Greenland authorities
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Today
Kyrgyzstan begun construction of a $556 million gold mining complex
The project is being implemented by Chaarat ZAAV, a joint venture between Canada’s Silvercorp Metals (70 %) and the state owned Kyrgyzaltyn (30 %). According to Silvercorp Metals’ calculations, once it reaches its design capacity, the enterprise will...
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