News
Indian jewellers promote natural diamonds amid competition from lab-grown stones
Falling prices for lab-grown diamonds and their resulting rise in market share are transforming India’s diamond jewellery market and prompting jewellers to take proactive measures.
Yesterday
Ethiopia opens first gold refinery to serve region
Ethiopia has inaugurated its first gold refinery, a $50 million joint venture that the government hopes will establish the country as a regional hub for precious metals processing, Prime Minister Abiy Ahmed announced over the weekend, according to Reuters...
Yesterday
Anglo American bets R11.2B on South African mining's future
Anglo American has reaffirmed South Africa's potential as a premier mining investment destination, even as the company commits R11.2 billion ($677 million) to an ultra-high dense media separation iron-ore project at Sishen in the Northern...
Yesterday
Nornickel forecasts $4 billion in precious metals revenue for 2026 - report
A senior Nornickel representative noted that the company expects to generate $4 billion in revenue from precious metals sales this year.
Yesterday
Russia to build first permanent REM magnet plant
In 2028, Russia is set to start the construction of its first plant for manufacturing permanent magnets from rare-earth metals (REM) in the city of Glazov, to be commissioned in 2029 with an initial capacity of 500 tonnes per year, said Andrey...
Yesterday
Breaking Ground: Global Workshop Unites Nations to Tackle Gold Traceability and Sustainability Challenges
08 september 2023
(lbma.org.uk) - The prestigious Palais de Rumine, Switzerland, recently welcomed industry leaders and experts from around the world who gathered to tackle the pressing issue of gold traceability. The workshop, organised by the University of Lausanne, attracted representatives from diverse backgrounds and countries, including Brazil, Peru, Colombia, Côte d’Ivoire, Congo, Germany, England, France, Sweden and Switzerland.
How a mining standoff in Saskatchewan can be a boon to both reconciliation and the economy
06 september 2023
(mining.com) - Mining has become one of Canada’s frontlines in terms of reconciliation. After feeling excluded from earlier resource booms, First Nations and Métis want in on the modern-day gold rush that is the quest for lithium, cobalt, uranium and other critical minerals, and are rightly demanding hard equity from lucrative resource projects on their traditional lands.
Diamonds in the Safe: The Industry’s Oversupply Challenge
01 september 2023
(rapaport.com) - Manufacturers, dealers and jewelers overbought during positive periods, ignoring the lessons of previous up-and-down cycles.
Norilsk Nickel conducts 30 activities to support indigenous peoples of the North for a total of 1.3 billion rubles
29 august 2023
Norilsk Nickel has conducted almost 30 activities to support indigenous peoples of the North totaling 1.3 billion rubles ($13.6 million). The company's large-scale program for indigenous peoples is designed for five years with a total amount of funding of over two billion rubles.
The Role of Gold in Central Bank Reserves
24 august 2023
(lbma.org.uk) - Central banks and gold have a long history, although the use of gold as money predates established monetary authorities by millennia. The use of gold by central banks has played a key role in shaping the modern world.
