News
Saudi oil companies to engage in lithium production
The Saudi oilfield services company National Energy Services Reunited has announced that its specialized division, NESR Environmental and Decarbonisation Applications (NEDA), has entered into an agreement with the national oil and gas monopoly Aramco...
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India tightens standards for gold
India’s new "Good Delivery Gold" standard system establishes requirements for responsible sourcing and traceability. The Gem and Jewellery Export Promotion Council (GJEPC) has called for the swift adoption and international recognition of these standards...
Today
Orion Minerals secures $40m Glencore financing for Prieska mine development
Orion Minerals has secured $40 million in Tranche A financing from Glencore for its flagship Prieska Copper Zinc Mine in South Africa's Northern Cape, after the funding became unconditional following the execution of final concentrate offtake and intercreditor...
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De Beers' Q3 output falls 11%, assumes full ownership of Gahcho Kue
Anglo American has reported an 11% decrease in De Beers’ rough diamond production for the third quarter of 2026, down to 6.8 million carats compared to 7.7 million carats in the same period last year.
Today
Critical Metals gets formal approval for Tanbreez rare earth mine from Greenland authorities
US-based Critical Metals Corp. has announced that its flagship Tanbreez rare earth project has received formal mining plan and closure plan approvals from the government of Greenland, paving the way for a 24-year mine life.
Today
The New Diamond Capital
(Bloomberg Businessweek) - Today, India dominates the manufacturing sector, responsible for more than 80 per cent of the world’s output of polished stones. But nowadays there’s less need for India’s diamantaires to make the long journey to Antwerp. Dubai—a new global hub for diamond trading—is only three hours away. In a conservative industry that has long valued secrecy and close-knit partnerships, the rise of Dubai has been staggering. The emirate’s diamond trade—which was virtually nonexistent, worth less than $5 million in 2001—has grown to an industry worth nearly $35 billion in 2013 and 2014, according to Peter Meeus, the chairman of the Dubai Diamond Exchange (DDE).
