Ekati diamond mine to be closed down after failed attempts at sale

The Ekati diamond mine in Canada will be shut down by court order after its owner, Burgundy Diamond Mines, failed to find a buyer for the asset.

Yesterday

Zijin begins lithium exports from DRC's Manono project to China — report

Zijin has started exporting lithium concentrate from its Manono project in the Democratic Republic of Congo, according to Reuters.

Yesterday

Nornickel CEO claims global demand for company’s metals ‘stable’

The demand for Norilsk Nickel metals in the global market is stable, but the situation with logistics and sales will remain difficult, said president of the company Vladimir Potanin during a meeting with Russia’s president Vladimir Putin.

Yesterday

Sibanye-Stillwater targets 75% chrome volume increase

Chrome is a growing value contributor to Sibanye-Stillwater's South African platinum group metals portfolio, delivering margins, resilience and project support, Mining Weekly has reported.

Yesterday

Platinum and palladium to be produced in Russia’s Arctic zone

RT-Engineering, a holding company of the Rostec state corporation, has completed the main stage of construction at the Chernogorsk Mining and Processing Plant, which will become a major new center for mining and processing of ores containing platinum...

Yesterday

How are NFTs affecting high jewellery investments? Metaverse marketplace OpenSea sells diamonds while Sotheby’s auctioned earrings inspired by a Van Gogh artwork – with accompanying digital token

03 august 2022

(scmp.com) - The metaverse is shadowing our physical reality ever more closely, and now it’s coming for our accessories. But how does the world of virtual jewellery connect with the collectors and customers in today’s real-world high jewellery clientele? Icecap, a blockchain-based NFT platform, appears to have the answer. Selling “investment-grade” diamonds on NFT marketplace OpenSea, they issue the buyer with an NFT that represents incontrovertible ownership of a physical asset stored in a secured vault.