News
South Africa mining output falls 12.7% in August on weak PGMs, coal and iron ore
South Africa's mining output declined 12.7% year-on-year in August, according to Statistics South Africa, with platinum group metals, coal, and iron ore accounting for the largest negative contributions.
Today
Aterian expands copper footprint at Azrar project in Morocco
Aterian has identified multiple copper showings and substantially expanded the known mineralisation footprint at the Amane Target of its 85%-owned Azrar Copper-Silver project in Morocco, following initial exploration fieldwork.
Today
Russia’s Ministry of Natural Resources identifies region with largest platinum and palladium deposits
Russia retains second place globally in terms of platinum and palladium reserves, while the largest deposits of these metals are concentrated in Krasnoyarsk Territory, according to the Russian Ministry of Natural Resources.
Today
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
Yesterday
Israel’s diamond sector poised for revival following tax reforms and De Beers comeback
De Beers, one of the world's major diamond market players, has announced the resumption of its operations in Israel after a nine-year absence, which became the latest sign of revival of the diamond industry in the country.
Yesterday
Ukraine Crisis Leaves Diamond Industry Vulnerable
(diamonds.net) - While it’s too early to understand the full impact of the crisis, the longer it goes on, the deeper its effect will be on the market. “Alrosa was added to a list of menu-based sanctions but not added to the Specially Designated Nationals List,” the Jewelers Vigilance Committee (JVC) explained. “Effectively, this action bans US businesses and persons from entering into debt transactions longer than 14 days with Alrosa but does not impose the harsher sanctions of an asset freeze and outright prohibition of all business.” The sanctions may affect the miner’s polished-diamond business and its attempts to build a branded jewelry line in the US. It may have lost goodwill in that market. Under the regulations, a retailer cannot take polished or jewelry on memo from the supplier. Transactions would need to be in cash, while Alrosa’s rough is generally sold on a cash basis anyway. The miner said it intended to fulfill its obligations to clients as usual, as best it can.
