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
Recycled Diamonds Gain Steam Post-pandemic With Nuances of History, Sustainability
22 september 2021
(yahoo.com) - Over the past 18 months fashion-minded shoppers have proven two things certain: that they have placed an even bigger emphasis on sustainability, and that jewelry now tops their investment purchase wish lists. Recycled diamonds — or diamonds that are either antique, pre-owned or a family heirloom — fit both of those bills and are becoming increasingly important for jewelers as the global diamond mining yield continues to diminish. Experts say that their popularity has increased dramatically during the pandemic, with many engagement ring shoppers directly requesting recycled stones. The trend is manifesting itself amid a background of debates in the diamond and jewelry industries. In the past two years the diamond mining industry and the growing lab-grown diamond industry have been sparring over which stone has higher intrinsic value and a lower carbon footprint. It is recycled diamonds, however, that observers say guarantees the lowest ecological impact. And the supply, it seems, could be larger than what today’s diamond mines have to offer.
Miners still reporting shortages
21 september 2021
(diamonds.net) - The diamond market showed mixed signals in August. While consumer demand remained strong, some major trading centers saw reduced activity during the summer vacation. In addition, polished inventories began to rise, raising questions about the longevity of the industry’s recent recovery.
We’ve learned to listen to each other
20 september 2021
(rg.ru) - Andrey Grachev, Vice President of Norilsk Nickel, speaks about the main principles of the interaction with the indigenous peoples of the Far North: For Norilsk Nickel, these principles [ESG] are not a tribute paid to today’s trends. We did not start to adhere to them today or yesterday but we have been developing our relations with the indigenous peoples of the North for more than 80 years, since the beginning of the smelter’s operation. We were always interested in their needs, helped and supported them. We lived and keep on living together.
Report says Anglo American to unveil Duncan Wanblad as successor to CEO Mark Cutifani
20 september 2021
(miningmx.com) - Duncan Wanblad, head of strategy and development at Anglo American, is being lined up as the UK-listed group’s next CEO, according to a report by Sky News. Citing City sources, the broadcaster said today that an announcement could be made regarding Wanblad’s appointment as early as end-October, and at the latest by the end of the year. Wanblad (54), a mechanical engineer, was previously head of Anglo American’s base metals division from 2013 to 2019. His first job was at the former South African mining house Johannesburg Consolidated Investment Company.
Keeping Quiet about a Deadly Diamond Disaster
17 september 2021
(idexonline.com) - I am a troubled journalist. Still. Last week it was the scapegoating of Beyonce by fellow journalists for wearing the Tiffany Yellow Diamond that troubled me. This week it's the way the world's media has reported - or failed to report - the diamond mining disaster that has cost 12 lives in the Democratic Republic of Congo (DRC). The toxic spill of diamond tailings in upstream Angola literally turned tributaries to the Congo River bright red. Thousands of fish floated to the surface. Hippopotamuses died. Thousands of people living near the river were poisoned. And the water, polluted with heavy metals, is now flowing towards the Congolese capital Kinshasa, home to 12 million people. It has been described as an unprecedented environmental catastrophe. And yet it has attracted little news coverage. And the focus of that coverage has been more on the question of compensation than the human tragedy. DRC is hardly home to a rolling 24-hour news hub, nor is it a magnet for foreign correspondents, so the victims of this tragedy have no faces. We don't get to see weeping relatives clutching tattered pictures of their loved ones, as we would if this had happened in the western world. Instead we get rhetoric about how the polluter must pay, as though this is nothing more than a mishap that can be financially rectified. What we don't see is any real examination of how on earth this could have happened, how those responsible will be held to account, and how they will absolutely ensure it never happens again.
