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
Going for Lead
(polishedprices.com) - At a recent meeting to celebrate a chum of mine’s 1000th birthday, I met with a few similar dinosaurs and the one thing we could agree on was that nothing had really changed in the diamond industry during our involvement. Yes, there have been the most extraordinary advances in the cutting of diamonds, but in the basic structure of the business absolutely zero. This ever kicking the can down the road is seriously risking the industry’s longevity. The very underlying strength and attractions of diamonds as a consumer product has allowed a state of stupor to overcome the industry. The first half year has been much stronger than I thought it would be in rough, in polished it has been about as disappointing as predicted. I find it difficult to believe that the second half will see any improvement in polished and presumably rough will have to take up some of the effects of this weakness, compounded to by the ever growing problem of liquidity.
