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

Kefi Gold and Copper restarts Tulu Kapi development after safety review

Kefi Gold and Copper has resumed development at its Tulu Kapi gold project in Ethiopia following a suspension that began on September 7 after a serious safety incident three days earlier.

Yesterday

Nornickel implements smart melt monitoring system

Norilsk Nickel has installed a smart melt monitoring system at its metallurgical plant in Norilsk in collaboration with Reksoft. The system uses computer vision to assist the converter operator in identifying phases during the tapping process.

Yesterday

ALROSA to help amplify Arctic agenda at UN

In preparation for the 31st UN Climate Change Conference (COP31), ALROSA experts and other stakeholders from Russia discussed a unified approach to strengthening the country’s position and the Arctic agenda at UN climate conferences.

Yesterday

What Kimberley Process Certification Does—And Doesn’t—Guarantee

07 september 2022

(jckonline.com) - Despite calls from the Ukraine’s KP rep and a handful of Western countries to label Russian diamonds as “conflict,” the certification scheme declined even to take up the matter at its June intersessional in Gaborone, Botswana. While substantive action on that topic was never expected, the KP’s generally static nature has led normally supportive governments to question its continued relevance. At the Initiatives in Arts and Culture’s gold and diamond conference, held July 18–20 in New York City, I spoke with World Diamond Council (WDC) president Edward Asscher (pictured) about that and related issues. The WDC represents the industry in front of the KP. Not everyone will agree with what Asscher—or I—say here. While Asscher is far less of a KP skeptic than I am, we both agreed that it only guarantees certain things, and concerned companies should look beyond its rather limited scope. And his mention of a possible “KP 2” was surprising.