News
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.
Today
Israel’s diamond sector poised for revival following tax reforms and De Beers comeback
De Beers, one of the world's major diamond market players, has announced the resumption of its operations in Israel after a nine-year absence, which became the latest sign of revival of the diamond industry in the country.
Today
Kefi Gold and Copper restarts Tulu Kapi development after safety review
Kefi Gold and Copper has resumed development at its Tulu Kapi gold project in Ethiopia following a suspension that began on September 7 after a serious safety incident three days earlier.
Today
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
How a ‘Gold Mafia’ is looting Southern Africa, washing dirty cash
10 april 2023
(aljazeera.com) - An investigation by Al Jazeera has revealed some of Southern Africa’s largest gold-smuggling operations, exposing how these gangs help criminals around the world launder billions of dollars while aiding governments in circumventing international sanctions. Gold Mafia, a four-part series by Al Jazeera’s Investigative Unit (I-Unit) based on dozens of undercover operations spanning three continents, and thousands of documents, also shows how government officials and businesspeople are profiting off the illegal movement of gold across borders.
Despite sanctions, EU keeps on doing business with Russia
07 april 2023
(aljazeera.com) - Much trade still flows between the bloc’s 27 countries and Russia, partly because some in the EU are unwilling to take a harder economic hit.
Federal authorities noted progress in solving environmental and social problems of Norilsk
06 april 2023
The implementation of the Sulfur Program will have a positive impact on the environmental situation in the city of Norilsk. This was stated by Vice Speaker of the Federation Council Nikolai Zhuravlev. The senator held a meeting on the implementation of a comprehensive plan for the socio-economic development of Norilsk with the participation of Deputy Minister for the Development of the Far East and the Arctic Pavel Volkov, Mayor of Norilsk Dmitry Karasev and representatives of Norilsk Nickel.
Faberge owner breaks string of financial records as CEO lauds “dramatic recovery”
05 april 2023
(professionaljeweller.com) - The CEO of Faberge owner Gemfields has declared a “return to normality” after the business returned a record set of financial results for 2022.
Botswana Buys Stake in Belgian Gem Trader in De Beers Test
04 april 2023
(bloomberg.com) - Botswana will acquire a 24% stake in Belgian diamond trader HB Antwerp, in a challenge to the southern African nation’s 50-year partnership with De Beers. As part of the deal announced by President Mokgweetsi Masisi at the Belgian company’s offices in Gaborone, Botswana’s state gem trader, Okavango Diamond Co., will supply HB Antwerp with stones for five years. No value was given for the deal, which comes as Botswana pushes for a better agreement with De Beers, the world’s biggest diamond company.
