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

Belgium braces for Zelenskyy’s fury over Russian diamonds

31 march 2022

(politico.eu) - Diamonds are not Belgium's best friend. In fact, the precious stones are putting the country in line for a tongue-lashing from Ukrainian President Volodymyr Zelenskyy. Zelenskyy will address the Belgian parliament on Thursday, and has developed a formidable reputation for tackling uncomfortable truths head-on, whether that means accusing the Germans of favoring business interests over ethics or flatly questioning whose side Hungarian Prime Minister Viktor Orbán is taking in the war. When it comes to Belgium, parliamentarians are braced for the former comedian to zero in on the continued import of Russian rough diamonds to the Belgian city of Antwerp — a trade that enriches Alrosa, a partially state-owned enterprise. The diamonds may not be funding the war to the same extent as Europe's continued purchase of oil and gas, but they are hardly something Zelenskyy can afford to ignore.