Gem Resources processes 5,500 t of ore as part of Gravelotte start-up phase

Gem Resources, formerly URA Holdings, has processed about 5,500 tonnes of ore, primarily sourced from tailings and stockpiled materials, as part of Phase 1 of the restart at the Gravelotte emerald mine in Limpopo, South Africa.

Today

Banks consider increasing Tuli Kapi loan facilities to $240mln

Banks are planning to increase the proposed project finance debt package for the Tulu Kapi gold project in Ethiopia from $ 190 million to $ 240 million if all conditions are met and remaining formal approvals are obtained, according to Kefi Gold and...

Today

Codelco’s copper production slightly up in Q3 2024

Chile's state-owned miner Codelco has announced its third quarter 2024 results and reported that its copper production rose 2% to 338 000 tons compared to Q3 2023.

Yesterday

US provides support to mining companies to accelerate green energy transition

The US Treasury Department has pledged a tax credit to certain mining companies able to process critical minerals into final products needed for green technologies.

Yesterday

Wider deficit and higher prices expected at copper market next year - analysts

Market analysts predict tighter supplies of copper as a result of higher demand in China and elsewhere, and the decline in production volumes, which would lift up the prices.

Yesterday

The Price of Lab-created Diamonds Continue to Fall

28 march 2018
(paulzimnisky.com) - The discount of gem-quality lab-created diamonds, manufactured for use in jewelry, relative to natural diamonds has doubled from 11-20% a year ago to 28-40% today, according to a survey of prices. For example, a white, 1-carat round diamond that is VS (very-slightly included) in clarity, F-H (near-colorless to colorless) in color, VG-ideal cut, with no-to-low florescence was selling for approximately $4,850 in March 2017 but is now $4,350 in March 2018, a 10% decline. However, over the same period of time the price of an equivalent natural diamond went from $5,850 to $6,150, representing about a 5% increase. Thus, the discount of the lab-created diamond relative to the natural equivalent was approximately a 17% in March 2017, but is now about 29%, a 71% year-over-year increase.