Newmont files application to extend Cadia mining until 2050

US gold and copper miner Newmont has applied to extend the mining license at Australia’s largest underground mine, Cadia, until 2050. This, in turn, will require expanding the mine area.

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Arc Minerals observes copper mineralisation at all targets drilled in Zambia

Arc Minerals, which is conducting some exploration work at its joint venture (JV) with a subsidiary of Anglo American in Zambia, has observed copper mineralisation at all targets drilled.

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Nornickel to build solar power plant for Bystrinsky MPP

Norilsk Nickel intends to build a solar power plant in Russia’s Zabaykalsky region by the second half of 2025, which will become part of the company's decarbonisation efforts.

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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.

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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...

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De Beers, Lightbox and the Impact on the Diamond Industry

04 september 2018
(Gem Thoughts) - De Beers has announced the formation of a new company, Lightbox, that will be selling man-made diamonds (MMDs), mounted in earrings, pendants and bracelets - no rings. I will assume everyone has read the details, and heard their rationale for claiming that this move will have little or no impact in the natural diamond industry.  Briefly, they will be selling MMDs in finished jewelry with total weights up to one carat, mounted in silver or gold, and with simple pricing - $800 per carat.  There is no grading of the stones, which are white, yellow, blue or pink; the jewelry is meant for “moments” not “milestones” (like weddings).