According to David Prager, global head of De Beers’ corporate affairs, his company is a significant contributor to Anglo, the Miningmx writes. "It’s interesting that it was only after becoming a larger part of Anglo, that the $2bn committed for the underground expansion of Venetia (in SA’s Limpopo province) was granted,” he says. “Undoubtedly Anglo has demonstrated a belief in diamonds and a willingness to invest.” And invest it must. The departure of BHP Billiton and Rio Tinto from the diamond market is a signal that De Beers and its Russian rival, Alrosa, stand alone as market leaders. There’s also the growing realisation that diamonds are becoming increasingly hard to find.
News
ICSG sees global refined copper market in surplus through 2027
The Lisbon-based International Copper Study Group (ICSG), an autonomous intergovernmental think tank, has published its 2026 - 2027 global refined copper market report and forecast a widening surplus.
Today
Canadian Exiro Nickel acquires nickel assets from Vale
The complex comprises two mines and a facility for the production of refined nickel. According to the most recent data—covering the period from the fourth quarter of 2023 through the third quarter of 2024—Thompson Operations produced 10,500 tonnes of...
Yesterday
DRDGOLD Q3 gold output climbs 10% as revenue reaches over $180m
DRDGOLD's gold production increased by 10% to 42,021 ounces for the quarter ended 30 September 2026, supported by a 15% improvement in yield to 0.212g/t despite a 5% drop in tonnage throughput.
Yesterday
Kumba Iron Ore Q3 production falls 19% as sales rise 3%
Kumba Iron Ore's total production decreased by 19% to 7.5 million tonnes (Mt) for the third quarter ended 30 September 2026, down from 9.2 Mt a year earlier.
Yesterday
Antofagasta Q3 copper output up 7%, annual guidance maintained
Chilean miner Antofagasta has reported that its copper production increased by 7% in the third quarter of 2026 to 151,900 tonnes, compared to 142,000 tonnes in the same period a year earlier.
Yesterday
