News
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
Lundin achieves record quarterly gold output at its flagship Ecuador mine
Vancouver-based Lundin Gold has reported that in the third quarter of 2026, gold production at its Fruta del Norte mine in southeast Ecuador hit a new quarterly record.
Yesterday
Rough Diamond Trends Continue to Cloud the Industry’s Future
22 march 2016
(ehudlaniado.com) - The large supply of rough diamonds by De Beers and ALROSA is estimated at $1 billion, the second cycle in a row of such large supplies in a market with a few specific shortages and demands. The secondary market’s response to this supply was nothing short of surprising. Instead of the mid-size and smaller companies demonstrating more caution in light of the current situation, it was they who displayed the strongest purchasing force. What we are seeing is a group of manufacturers buying enormous amounts of rough at very high and unprofitable prices, which will yield less than needed polished, using credit they may have difficulty paying off because the prices they’ll be able to achieve for the polished can only be low…
Short-Term Diamond Markets
21 march 2016
(Rapaport) - The Hong Kong show that ended March 7 revealed a diamond industry that is focused on the very short term. Dealers who spoke with Rapaport News were relatively upbeat about the exhibition, but uncertain of market developments in two-to-three months. Their caution largely stems from restrained demand among jewelers, who were looking to replenish the limited amount of inventory they sold during the Chinese New Year, but not much more than that. Also on everyone’s mind is the large volume of rough that recently entered the market and whether there is sufficient demand to absorb the new polished expected in the coming months.
Dominion Diamond completes Sable pre-feas, construction to begin next year
18 march 2016
(resourceclips.com) - Now boasting a 10.1-million-carat reserve, Dominion Diamond’s (TSX:DDC) Sable pipe could begin production in 2019 and continue to 2027, helping keep the company’s Ekati plant at full capacity until 2033. Dominion released pre-feasibility highlights on February 22 for an open pit 17 kilometres north of Ekati’s existing infrastructure in the Northwest Territories’ Lac de Gras region.
The 'Anglo culture' is a myth – Cutifani
17 march 2016
(miningmx) - When Mark Cutifani took over from predecessor Cynthia Carroll as CEO of Anglo American in 2013 there was speculation – and doubts - as to whether he would be the person who could finally overcome ‘the Anglo culture’. Cutifani promised to drive Anglo forward with greater velocity, jokingly telling this publication that he would eat Anglo American rather than Anglo end up consuming him. By the time of Anglo’s December ‘investor update’, however – some two-and-a-half years into Cutifani’s time at Anglo – the view was quite different. Progress on a disposal strategy, first unveiled in February, had been far, far slower than anticipated. Had Cutifani, like Carroll before him, failed to overhaul the Anglo way of doing things? And what was the Anglo way?
The case for a global lab-grown diamond audit system like the Kimberley Process
16 march 2016
There was much interest worldwide when the International Grown Diamond Association (IGDA) was formed a short while ago. Now at last, it was thought, the global diamond industry had, as International Diamond Council (IDC) president Harry Levy said, a body it could talk to. However, the IGDA doesn't seem to have done anything about the single biggest issue concerning lab-grown diamonds - their undisclosed mixing with parcels of natural stones.
