News
South Africa mining output falls 12.7% in August on weak PGMs, coal and iron ore
South Africa's mining output declined 12.7% year-on-year in August, according to Statistics South Africa, with platinum group metals, coal, and iron ore accounting for the largest negative contributions.
Today
Aterian expands copper footprint at Azrar project in Morocco
Aterian has identified multiple copper showings and substantially expanded the known mineralisation footprint at the Amane Target of its 85%-owned Azrar Copper-Silver project in Morocco, following initial exploration fieldwork.
Today
Russia’s Ministry of Natural Resources identifies region with largest platinum and palladium deposits
Russia retains second place globally in terms of platinum and palladium reserves, while the largest deposits of these metals are concentrated in Krasnoyarsk Territory, according to the Russian Ministry of Natural Resources.
Today
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.
Yesterday
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.
Yesterday
Why Small Diamonds (Both Natural And Lab) Are Now Big
01 march 2022
(jckonline.com) - Before the COVID-19 pandemic, some figured that, as lab-grown diamond supply becomes more plentiful, the natural diamond business might hold on to the big stone market, but the market for smaller stones (melee) was probably lost. Yet, recently, small natural diamonds have become hot, and have received larger price increases than other categories. “There’s a buying frenzy in cheap and tiny diamonds,” Bloomberg wrote recently. Why?
If Russia limits the supply of palladium and nickel, this will cause a crisis in the global auto industry. Expert forecasts
28 february 2022
(digitnews.in) - Due to new sanctions against the Russian economy, which will be introduced against the backdrop of the ongoing military operation in Ukraine, experts are already predicting a crisis for the entire global automotive industry.
Could Russian Sanctions Target Russian Diamonds?
28 february 2022
(jckonline.com) - Last week, Russian diamond producer Alrosa unveiled a fascinating new product, a diamond that can be marked with a photo or even music, all part of its larger plan to use nanotechnology to trace diamonds. It’s the kind of clever innovation we have come to expect from the miner, which recently announced a slew of positive news. It’s experimenting with carbon capture to lower its eco-footprint and has released its latest sustainability report. In December, Alrosa signed a cooperation agreement with Antwerp World Diamond Centre. Like most diamond miners, it enjoyed a great 2021—excellent news for its investors, including the Oregon Public Employee retirement fund. But all that might not mean much right now, as the Russian-Ukraine crisis has, fairly or no, put it and other Russian companies under a cloud.
Diamond that's Fit for a Queen?
25 february 2022
(idexonline.com) - The Koh-i-Nor isn't the largest or most valuable diamond in the world. But it's possibly the most famous and the most controversial, and it's in the news again this week. More words have been written about the alluvial diamond believed to come from Golconda, India, than any other gem. And millions of pairs of eyes have seen it "in the flesh" on display as part of Britain's Crown Jewels in the Tower of London. Interest in the 105.6-ct stone re-surfaced this week after the 95-year-old monarch, Queen Elizabeth II, confirmed that Camilla, second wife of Prince Charles (after Princess Diana) will become Queen when he finally takes the throne. And she will wear the platinum crown in which the Koh-i-Nor is set, together with another 2,800 diamonds.
Antwerp’s diamond industry battles banks over shuttered accounts
24 february 2022
(politico.eu) - Diamonds may still be a girl's best friend — but banks are becoming less keen. That's the growing concern for Antwerp’s diamond traders, who are warning that banks risk hurting their business by unfairly blacklisting them over money-laundering fears, closing accounts or refusing to offer basic services. This new fight centers on whether Belgium’s lenders are playing their role as gatekeepers to the financial system, which is under pressure to block potential dirty money after a series of financial scandals.
