News
Richemont, Signet in talks to join De Beers consortium – report
Luxury group Richemont and US retailer Signet Jewelers are in advanced talks to join the Global Diamond Consortium (GDC) bidding for De Beers, according to five people familiar with the matter, Bloomberg reports.
Today
Rio Tinto begins Q4 of 2026 with strong operational performance
The Anglo-Australian mining group Rio Tinto has reported its third-quarter 2026 results, highlighting strong operational performance.
Today
Silver market deficit to widen in 2026 - report
In the latest World Silver Survey prepared by the Silver Institute and Metals Focus, the global silver market deficit is forecast to widen for the sixth consecutive year to 46.3 million ounces.
Today
Tharisa signs PGM offtake deal with Valterra Platinum, expands chrome collaboration
South Africa’s Tharisa has entered a binding arrangement for the sale of PGM concentrate to Rustenburg Platinum Mines, a subsidiary of Valterra Platinum, effective 1 January 2027.
Today
Norilsk hosts Nornickel’s 3rd Geology and Mine Surveying Forum
The 3rd Geology and Mine Surveying Forum, organized by Nornickel, has kicked off in Norilsk. The event continues to grow in scope, this year bringing together representatives from universities, equipment suppliers, design teams, mining companies, and...
Today
Cos liquidate stock to repay loans; diamond prices may fall
25 april 2019
(timesofindia.indiatimes.com) - Diamond connoisseurs can expect further fall in the prices of polished gems in the next three to four months. Reason: Companies making polished diamonds in Surat and Mumbai have started liquidating their inventories by offering discounts ranging from 30-40% for settling the loan accounts with the banks.
How countries are getting tougher with mining companies
24 april 2019
(mining.com) - A mix of political populism, higher commodity prices and the expectation electrification will spur demand for some raw materials has led resource-holding governments to change the rules for miners operating in their countries. In most cases, governments are seeking to increase their share of profits, rather than all-out resource nationalism.
Signet President Resigns, Company Closing 150 Stores
23 april 2019
(jckonline.com) - Signet announced plans to close 150 more stores in its upcoming fiscal year, after it closed about 262 over this year. A statement added that any store openings will be “limited” and primarily in off-mall locations. By the end of the fiscal year 2020, it expects to have reduced its store footprint by 13 percent over three years. The announcements come as Signet unveiled another set of uneven financial results for the fourth quarter of fiscal 2019 (ended Feb. 2).
Brazil disaster throws spotlight on tailings management
22 april 2019
(safetowork.com.au) - Brazil experienced its worst ever environmental disaster with the collapse of Dam 1 at Vale’s Córrego de Feijão iron ore mine in Brumadinho, Minas Gerais in January. The collapse of the upstream-style dam led to the deaths of an estimated 300 people, causing widespread condemnation. It was also the Brazilian iron ore major’s second tailings failure in just over three years, following the Bento Rodrigues dam breach that killed 19 people in the same region in November 2015. The Brumadinho incident has caused a ripple effect across the global mining industry, prompting responses from various Tier 1 mining companies, particularly to reinforce the safety of their upstream dams.
Angola's Kleptocracy Doesn't Merit U.S. Support
22 april 2019
(realclearpolitics.com) - The U.S. sees Angola as an ally in Africa. Angola President Joao Lourenco has been given the benefit of the doubt that he will fulfill his promise to create a “new” Angola, despite its well-documented history of pervasive corruption. President Lourenco should be given time, but after a year and a half in office he should be closer to achieving his anti-corruption, pro-transparency goals.
