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.

Today

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.

Today

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.

Today

Indian jewellers promote natural diamonds amid competition from lab-grown stones

Falling prices for lab-grown diamonds and their resulting rise in market share are transforming India’s diamond jewellery market and prompting jewellers to take proactive measures.

Yesterday

Ethiopia opens first gold refinery to serve region

Ethiopia has inaugurated its first gold refinery, a $50 million joint venture that the government hopes will establish the country as a regional hub for precious metals processing, Prime Minister Abiy Ahmed announced over the weekend, according to Reuters...

Yesterday

Amazon Looks to Grow Diamonds in Bid to Boost Computer Networks

25 april 2023

(bloomberg.com) - Amazon.com Inc. is teaming up with a unit of De Beers Group to grow artificial diamonds, betting that custom-made gems could could help revolutionize computer networks. De Beers’s Element Six division will be working on the project with Amazon Web Services’ Center for Quantum Networking, a unit that’s seeking next-generation ways to transmit data securely over longer distances. Quantum networking uses subatomic matter to deliver data in a way that goes beyond today’s fiber-optic systems. The diamonds would be part of a component that lets the data travel farther without breaking down.