News
Saudi oil companies to engage in lithium production
The Saudi oilfield services company National Energy Services Reunited has announced that its specialized division, NESR Environmental and Decarbonisation Applications (NEDA), has entered into an agreement with the national oil and gas monopoly Aramco...
Today
India tightens standards for gold
India’s new "Good Delivery Gold" standard system establishes requirements for responsible sourcing and traceability. The Gem and Jewellery Export Promotion Council (GJEPC) has called for the swift adoption and international recognition of these standards...
Today
Orion Minerals secures $40m Glencore financing for Prieska mine development
Orion Minerals has secured $40 million in Tranche A financing from Glencore for its flagship Prieska Copper Zinc Mine in South Africa's Northern Cape, after the funding became unconditional following the execution of final concentrate offtake and intercreditor...
Today
De Beers' Q3 output falls 11%, assumes full ownership of Gahcho Kue
Anglo American has reported an 11% decrease in De Beers’ rough diamond production for the third quarter of 2026, down to 6.8 million carats compared to 7.7 million carats in the same period last year.
Today
Critical Metals gets formal approval for Tanbreez rare earth mine from Greenland authorities
US-based Critical Metals Corp. has announced that its flagship Tanbreez rare earth project has received formal mining plan and closure plan approvals from the government of Greenland, paving the way for a 24-year mine life.
Today
Mark Cutifani: 'We are rebuilding Anglo American'
03 august 2015
(miningmx.com) – It has been two years now since Mark Cutifani took the helm of Anglo American in which he promised to hike investment returns, slim the asset mix and sort out the project pipeline he called constipated, ditching bad projects and keeping the good. Anglo’s share price, however, has tended to underperform its peer group – BHP Billiton, Rio Tinto and Glencore – in the last 12 months, especially from February. Analysts believe that the company is moving in the right way, but there’s concern about the firm’s South African exposure, the drag in disposing of non-core assets and whether the group ought to be in iron ore at all, even if its expensive Minas-Rio mine is now operating.
ALROSA completes open-pit mining at Udachny
31 july 2015
On June 25, Russia’s ALROSA celebrated a "both happy and a bit sad" but in any case historic event. Udachny, one of the oldest open-pit mines in Western Yakutia, is ceasing its operation. For the namesake diamond pipe this means transition to underground mining, while the company as a whole is facing the prospect of constructing open-pit mines on other, however more tricky diamond fields, as well as the need to continue exploration.
Do You Want Diamonds With That? Why Restaurants and Hotels Like to Serve Up Bling
30 july 2015
(Bloomberg) - Luxury hotels, department stores, and restaurants are always pushing the limits of grandeur to impress their customers. And what could make a hotel or restaurant look more lavish than a drink or suite package that comes with a real diamond? Even if the $10,000 martini with bling at the bottom doesn’t sell very well, it certainly generates press and adds splendor to a cocktail menu.
The Diamond Austerity
29 july 2015
(edahngolan.com) - The diamond industry keeps facing hardships that call for a serious bailout plan, and diamond mining companies are starting to respond to the crisis with measures that will provide relief, albeit temporary. Miners begin to respond to manufacturers' hardships.
Shrinkonomics: How Reduction Can Enlarge Our Success
28 july 2015
(www.n-rothmann.com) - "The sun is the best disinfectant," wrote Louis Brandeis, who later became a United States Supreme Court judge. By saying that, he outlined the principle of transparency in public systems as a remedy for corruption. But the sun can also cause burns and permanent damage. When transparency of information is implemented incorrectly, it may harm the interests which it is suppose to serve.
