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

Rare ‘fancy vivid pink’ diamond sells for £52m in Hong Kong auction

11 october 2022

(theguardian.com) - An extremely rare “fancy vivid pink” diamond has sold for 453m Hong Kong dollars (£52m) – more than double its estimated price – and set a world record for the highest price per carat for a diamond sold at auction. The 11.15-carat Williamson Pink Star diamond, which is named after another pink diamond given to Queen Elizabeth II as a wedding gift, was sold to an undisclosed buyer at auction by Sotheby’s Hong Kong on Friday. Tobias Kormind, the managing director of London jewellery shop 77 Diamonds, said the stone’s link to the late monarch is likely to have helped elevate its value.