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
Nornickel implements smart melt monitoring system
Norilsk Nickel has installed a smart melt monitoring system at its metallurgical plant in Norilsk in collaboration with Reksoft. The system uses computer vision to assist the converter operator in identifying phases during the tapping process.
Today
ALROSA to help amplify Arctic agenda at UN
In preparation for the 31st UN Climate Change Conference (COP31), ALROSA experts and other stakeholders from Russia discussed a unified approach to strengthening the country’s position and the Arctic agenda at UN climate conferences.
Today
NDC Plans Synthetics Myth-Busting Campaign
22 march 2023
(rapaport.com) - The Natural Diamond Council (NDC) will soon launch a campaign to counter some of the myths the lab-grown diamond sector has been promoting, said CEO David Kellie in the latest Rapaport Diamond Podcast. The trade is aware that most synthetics producers do not use sustainable energy to grow their diamonds, yet the consumer is being misled to believe they do, Kellie asserted. This and other myths “are damaging to the industry as a whole,” he said, and that is “where we have to step in.”
Namdia to buy up 15% NDTC stock until 2026
21 march 2023
(namibian.com.na) - The outgoing De Beers chief executive officer Bruce Cleaver has indicated that the Namibia Desert Diamond Company (Namdia)'s desire to at least be buying up to 50% of the Namdeb Holdings diamond production, will have to wait until 2026. This is when its current agreement that only gives them 15% of the production, which Namdia's finance executive Sven von Blottnitz had in the past said was not enough. Cleaver said come 2026, Namdia will then be able to negotiate accordingly.
Here's what you need to know about the Perth Mint controversy — and why it matters
20 march 2023
(abc.net.au) - For the past three days, the headlines have been filled with news about the Perth Mint. First came concerns about the mint's regulatory compliance defences, after a notorious former bikie was able to buy $27,000 worth of gold with little more than his driver's licence. Then, it was revealed the 123-year-old institution had, between 2018 and 2021, sold gold to China that met broader industry purity standards for 99.99 per cent pure gold, but not Shanghai Gold Exchange (SGE) stricter standards for silver content. The mint has accepted the "doping" was "damaging and unacceptable", while the premier has pointed to a $34 million investment in fixing issues at the mint. But what does any of this actually mean, and should WA taxpayers really be worried?
China and Diamonds: Is the Dragon Rising Again?
17 march 2023
(idexonline.com) - It seems the eastern sunshine is finally breaking through the clouds of COVID-19. Good economic news shines from every corner of the Chinese giant. Just in time for the start of the The Hong Kong Diamond, Gem and Pearl Show on Wednesday, March 1st. On the same day, Peter Hoskins, a BBC business reporter, published the better-than-expected results of the Chinese PMI, the manufacturing purchasing manager's index. It's a measure of economic trends, presented as a number from 0 to 100. A monthly reading above 50 indicates expansion in activity compared to the previous month. Below 50 is a contraction.
Will the Wedding Boom Continue?
16 march 2023
(rapaport.com) - The bridal sector hopes the momentum will last following the busiest year for nuptials in almost four decades. For nearly two years, the world came to a standstill as Covid-19 raged. Travel was limited, and fewer activities took place outside the home. Yet something that seemed to continue in force during the pandemic was engagements. More people popped the question, perhaps realizing how short life could be — or they simply discovered they could thrive in close quarters with their significant others. But tying the knot was a different story. Pandemic restrictions meant many couples had to hold off on the ceremony itself. The trend led many in the industry to predict 2022 would be a banner year for weddings — and the reality appears to have proved them right.
