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

Anglo American bets R11.2B on South African mining's future

Anglo American has reaffirmed South Africa's potential as a premier mining investment destination, even as the company commits R11.2 billion ($677 million) to an ultra-high dense media separation iron-ore project at Sishen in the Northern...

Yesterday

Nornickel forecasts $4 billion in precious metals revenue for 2026 - report

A senior Nornickel representative noted that the company expects to generate $4 billion in revenue from precious metals sales this year.

Yesterday

Russia to build first permanent REM magnet plant

In 2028, Russia is set to start the construction of its first plant for manufacturing permanent magnets from rare-earth metals (REM) in the city of Glazov, to be commissioned in 2029 with an initial capacity of 500 tonnes per year, said Andrey...

Yesterday

Barrick CEO says West must demonstrate more resiliance in strife-torn Africa

22 may 2023

(miningmx.com) – The West had to show more resiliance supporting nations in conflict if it was to secure the minerals demanded of the current commodities supercycle. This is the view of Mark Bristow, CEO of Barrick Gold who said that violence in Sudan was unlikely to get “out of control” because Saudi Arabia was committed to intervention. “The western world has a habit of when something doesn’t work you want to leave,” Bristow said in an interview last week. “This is a time in history when the West has to show commitment to support the process of finding the right civilian government.”