News
Kyrgyzstan begun construction of a $556 million gold mining complex
The project is being implemented by Chaarat ZAAV, a joint venture between Canada’s Silvercorp Metals (70 %) and the state owned Kyrgyzaltyn (30 %). According to Silvercorp Metals’ calculations, once it reaches its design capacity, the enterprise will...
Today
European Commission names Eldorado’s copper-gold mine in Greece strategic
The European Commission (EC) has designated the Skouries copper-gold mine in northern Greece, operated by Eldorado Gold Corporation, as a strategic project under the Critical Raw Materials Act (CRMA).
Today
Copper 360 intersects new copper sulphide mineralisation at Rietberg
Copper 360 has intersected copper sulphide mineralisation at its South African Rietberg underground mine about 16 metres before reaching the planned 300 Level (300L) elevation, earlier than expected from the company's geological model.
Today
Namdeb seeks State recapitalisation as diamond prices erode revenue
Namdeb Holdings, comprising Namdeb and Debmarine Namibia, has approached the Namibian government for financial assistance as falling global diamond prices cut into revenue, The Namibian reports.
Yesterday
Nornickel and Reksoft Implement "smart vision" to protect production
Nornickel has deployed a neural network-based video analytics system across its facilities, designed to prevent equipment breakdowns and production stoppages, the company’s press service reported.
Yesterday
I Found a Diamond Resource. Now What?
12 september 2016
(ehudlaniado.com) - Over the last few weeks, we have taken an in-depth look at diamond exploration and have seen that finding diamonds is a very difficult task. Often aided by good science, and a little bit of luck, exploration geologists operate in a high-risk, high-reward environment where many discoveries prove worthless in their pursuit of a high-value economic diamond deposit. The amount of work that goes into a discovery is immense. But this often pales in comparison to the work required to develop a viable mining plan, which is often a pre-requisite to obtaining financing for a prospective project. The really hard work begins only after the basic economics of a diamond project have been determined, using what I call the ‘magic formula’. A feasibility study is needed to determine the full costs of mining, including both capital costs to build the mine, and ongoing operating costs. This is an extensive process that can take two to three years to complete, but is often needed before the company can seek financing for mine construction, whether external or internal.
Namibia mining sector recovering
09 september 2016
(southernafrican.news) - Namibia’s mining sector is finally showing signs of recovery after months of enduring difficulties, says the Chamber of Mines president Kombadayedu Kapwanga. Earlier this year, the Mining Industry Association of Southern Africa (MIASA) announced that the Southern Africa Development Community (SADC) region had lost 490 000 jobs in the mining industry due to depressed commodity prices on international markets. Namibia has since 2014 shed over 1 500 jobs in the diamond beneficiation sector alone, with only some 600 to 700 people still employed in that sector, according to information obtained from the Ministry of Mines and Energy. Kapwanga told The Southern Times that demand for gold, diamonds and metal has been increasing globally, uplifting the local mining sector.
Fancy Color Diamond Price Direction
08 september 2016
(ehudlaniado.com) - It goes without saying that diamond grading is a critical determinant of value, and that diamonds should be purchased and sold with accurate grading certificates from a reputable grading laboratory. With fancy colors, the color grading takes on even more significance than with colorless diamonds, because even subtle differences in color have a much larger influence on value than in white stones.
Chow Tai Fook invites diamond buyers to learn the 'four Ts'
07 september 2016
(campaignasia.com) - In an effort to differentiate its diamonds, Chow Tai Fook is launching a campaign titled 'To tell the truth', alongside a tech-heavy retail experience that asks consumer to learn about the sourcing of diamonds in addition to the traditional 'four Cs'. Chow Tai Fook claims to have developed a patented technology that allows it to emblazon each diamond with a 'T mark'—a serial number unique to each shiny piece of crystallised carbon. The 'T mark' builds trust, according to the brand, by enabling the traceability of the stone from its source through processing, cutting, polishing, authentication and design.
Luxury Really Isn’t for Everyone
06 september 2016
(idexonline.com) - Two high-end brands – Michael Kors and Coach – announced plans to take back control of their accessories’ retail prices by limiting distribution, according to a report in Marketing Daily. The two companies have become increasingly alarmed about department stores’ discounts of their products, and have decided to limit distribution and no longer participate in sales to the common people. The whole point of luxury, as has been previously described, is that its raison d'etre is predicated upon its inaccessibility to anyone and everyone. The moment that a luxury item becomes a product available to those, whom would not normally describe as having a large amount of disposable income, it loses its meaning – and ceases to be luxury.
