(spglobal.com) - Spending on diamond exploration in Australia fell to a near-record low in 2021, but some new players are aiming to return the country's industry to its glory days when the Ellendale and Rio Tinto Group's Argyle mines in Western Australia dominated markets. Diamond miners spent US$1.5 million on exploration in 2021, the second-lowest amount on record since S&P Global Market Intelligence started coverage of the data in 1997. Spending peaked in 1998 at US$43.1 million and hit an all-time low of US$1.3 million in 2017.
News
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Canada to invest $400m in Teck’s polymetallic smelter in British Columbia to support critical minerals production
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Titan's jewelry sales in India grow amid festive demand
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Chilean authorities grant first major environmental approval for BHP’s Escondida copper project expansion
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Citi becomes fifth clearing member of global bullion trading market
Citi has joined the ranks of HSBC, ICBC Standard Bank, JPMorgan and UBS in the clearing network of the over-the-counter gold market in London.
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