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
Jewelry stores in Russia will start changing price tags already this summer
29 april 2015
(Izvestia) - In May, the Russian Jewelers Guild will adopt a charter obliging its members to disclose what kind of gems are used in jewelry - natural or lab-grown. Eduard Utkin, CEO of the Russian Jewelers Guild, told this to the Izvestia Daily. However, now and in the future, the consumer will remain largely defenseless: the penalties for infringements of jewelry trade rules are ranging from 10,000 to 30,000 rubles. Compared with the profits gained from synthetics sold under the guise of natural gems these sanctions are insignificant.
Rethinking the Diamond Model
28 april 2015
(edahngolan.com) - Sometimes, connecting figures in ways in which they are not usually put together can highlight a great truth – a truth hiding in plain sight. Most people who follow the diamond industry already are familiar with the following figures. All were published in the past and have been discussed in many diamond industry circles to some extent, yet what they disclose in this context is perhaps new.
Through Q1 2015 Diamond Industry More Stable But Pressures Remain
27 april 2015
(www.paulzimnisky.com) - Rough diamond prices were relatively unchanged in Q1 2015 as credit availability for mid-stream participants remained constrained, however Petra Diamonds (LSE: PDL) mentioned reports of "new sources of financing becoming available to diamantaires."
Anton Siluanov: The main task of ALROSA is to achieve positive financial results and tap into new markets
24 april 2015
(Finmarket.ru) - The new president of ALROSA, Andrey Zharkov will carry out the implementation of the previously adopted strategy of the company, Finance Minister Anton Siluanov told reporters. The aim of this strategy is to maximize the financial result, he said.
Rio's Murowa cut output 61% to avoid tax
24 april 2015
(miningmx.com) – Fears over the effect of mining taxes, and implementation of a new mineral export levy, led to a 61% decline in first quarter diamond production at Rio Tinto's Murowa mine in Zimbabwe. The Anglo-Australian group said in a trading update that productivity at its Murowa diamond mine in Zimbabwe had tumbled by as much as 61% to 40,000 carats quarter-on-quarter. Productivity was also 42% lower compared to the December quarter.
