Rio Tinto to develop $2.5bn lithium mine in Argentina

Argentinian authorities have issued an approval for a $2.5 billion Rincon lithium project to be developed by Rio Tinto under a new mining investment incentive regime.

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Anoop Mehta appointed IGI’s chairman and independent director

The International Gemological Institute (IGI) has appointed Anoop Mehta as chairman and independent director of its board. His term commenced on 6 June 2025.

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Northam Raises $318m through three-tranche note issuance

Platinum group metals (PGMs) producer Northam Platinum Holdings has successfully placed R5.7 billion ($318 million) in new domestic medium-term notes as part of its R15-billion ($836 million) funding programme.

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Brazilian artisanal miners discover 647-carat brown diamond

Artisanal miners in the mining town of Coromandel in Brazil have unearthed a second-largest diamond in the country’s history weighing 647 carats and valued at 16 million Brazilian real ($2.87 million).

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Gemfields secures $30m in fully underwritten rights Issue

Gemstone miner Gemfields has successfully raised $30 million through a fully underwritten rights issue, initially announced on April 11.

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Diamonds are forever? Not with tariffs in the way

30 may 2025

By Charlotte Reed

(cnbc.com) - They might be made of the hardest material on earth, but diamonds, with their complex supply chains and expensive price tag, are particularly fragile to U.S. President Donald Trump’s aggressive tariff agenda. The precious mineral is facing a baseline 10% import duty to the U.S. — a market accounting for over half of the global demand for polished diamonds.