News
Diamond jewellery sales in India set to increase 15% - 20% on sharp rise in gold prices
Indian diamond jewellery retailers anticipate a 15% - 20% increase in sales during the 2026 festive season, driven primarily by the sharp rise in gold prices which prompts consumers to consider diamond jewellery in more affordable price range...
Today
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
Can Anglo American Enforce a Covid Mandate?
17 december 2021
(idexonline.com) - Anglo American, the multinational parent company of De Beers, announced yesterday that it would be requiring all its 95,000 staff and contractors to be vaccinated against COVID-19. The story was broken in Britain's Daily Telegraph, under the headline "Mining titan Anglo American plans to sack unvaccinated workers". The newspaper cites an internal update about the proposals which "states that employees will need to be vaccinated "to be able to perform their role" and those who refuse may be let go 'as a last resort'." Such a move will undoubtedly divide opinion. But is it even practical?
The Toxin that Blights Gold Mining
16 december 2021
(idexonline.com) - Mercury is a highly potent heavy metal neurotoxin with vapors and nanoparticles that can travel thousands of miles by air and water, settling in and poisoning soil and water supplies, wreaking havoc on the health of both the environment and the people in its path. Once mercury is present, it is permanent, and its toxicity never dissipates. There are approximately 15 to 20 million artisanal and small-scale gold miners (ASGM) in more than 70 countries who are dependent on mercury to mine gold for their livelihoods, releasing 12,000 lbs. (5,443 kg) of this persistent, potent toxin into our natural environment every day.
Ekati pins future on large underwater diamond crawlers
15 december 2021
(cabinradio.ca) - The NWT’s Ekati mine is staking its future on the use of large underwater crawlers to extract more diamond-containing kimberlite from pits that would otherwise be uneconomical to mine. At the moment, conventional open-pit and underground mining at Ekati is set to end in 2024, with the exception of Point Lake – a new open pit currently going through the environmental permitting process. Arctic Canadian Diamond Company, which bought Ekati from financially troubled former owner Dominion earlier this year, says the switch to underwater mining technology is the only way Ekati can stay open in the long term.
Lab-grown diamonds to make up 80% of market within decades, says Carat London founder
14 december 2021
(professionaljeweller.com) - The US is way out ahead of the pack when it comes to lab-grown diamond sales and consumer acceptance of the product, with the market accounting for the large majority of the world’s sales. The fact that the UK market for the product is reportedly several years behind the US could raise questions for some retailers wondering whether it is worth their time getting in on the ground floor with lab-grown gems. Carat London’s Scott Thompson, however, believes that the UK is actually closer on the heels of the North American market than many realise.
Can Luxury Withstand More Supply Chain Woes?
13 december 2021
(jingdaily.com) - What Happened: Chinese ships are going dark, disappearing from tracking systems just as the holiday shopping rush encroaches. From October 28 to November 15, the level of terrestrial shipping data across all Chinese waters dropped roughly 90 percent as domestic companies stopped giving information to foreign entities to comply with the country’s Personal Information Protection Law, which went into effect on November 1. Although the new law does not directly address shipping, Chinese organizations are no longer sharing when and from where they are leaving, muddying supply chain visibility.
