News
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...
Today
European Commission names Eldorado’s copper-gold mine in Greece strategic
The European Commission (EC) has designated the Skouries copper-gold mine in northern Greece, operated by Eldorado Gold Corporation, as a strategic project under the Critical Raw Materials Act (CRMA).
Today
Copper 360 intersects new copper sulphide mineralisation at Rietberg
Copper 360 has intersected copper sulphide mineralisation at its South African Rietberg underground mine about 16 metres before reaching the planned 300 Level (300L) elevation, earlier than expected from the company's geological model.
Today
Namdeb seeks State recapitalisation as diamond prices erode revenue
Namdeb Holdings, comprising Namdeb and Debmarine Namibia, has approached the Namibian government for financial assistance as falling global diamond prices cut into revenue, The Namibian reports.
Yesterday
Nornickel and Reksoft Implement "smart vision" to protect production
Nornickel has deployed a neural network-based video analytics system across its facilities, designed to prevent equipment breakdowns and production stoppages, the company’s press service reported.
Yesterday
Luxury Really Isn’t for Everyone
(idexonline.com) - Two high-end brands – Michael Kors and Coach – announced plans to take back control of their accessories’ retail prices by limiting distribution, according to a report in Marketing Daily. The two companies have become increasingly alarmed about department stores’ discounts of their products, and have decided to limit distribution and no longer participate in sales to the common people. The whole point of luxury, as has been previously described, is that its raison d'etre is predicated upon its inaccessibility to anyone and everyone. The moment that a luxury item becomes a product available to those, whom would not normally describe as having a large amount of disposable income, it loses its meaning – and ceases to be luxury.
