News
Antofagasta Q3 copper output up 7%, annual guidance maintained
Chilean miner Antofagasta has reported that its copper production increased by 7% in the third quarter of 2026 to 151,900 tonnes, compared to 142,000 tonnes in the same period a year earlier.
Today
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...
Yesterday
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...
Yesterday
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...
Yesterday
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.
Yesterday
Online Jewelry’s Growth Restraint
05 march 2015
(Rapaport) - U.S. online jewelry sales have increased rapidly in recent years, but observers note that thin profit margins and consumers’ reluctance to buy jewelry online have prevented the Internet from becoming a major sales channel for jewelers.
The Diamond Industry in a Funk
04 march 2015
(JCK Online) - In the United States, we keep hearing that the economy is improving. And yet the mood in the diamond market has turned grim, which is fatal for such a psychologically dependent industry. Polished prices are soft. Inventories have been high due to a number of factors. Many point their finger at the big mining companies—particularly the largest producers, De Beers and Alrosa—arguing they have squeezed manufacturers so hard they are threatening that sector’s existence.
15% and a Miserable Year
03 march 2015
(PolishedPrices) - The De Beers results for 2014 have more than met my expectations. Anglo American must be relieved that De Beers was able to make a 28%, compared to 13% in 2013, contribution to their profits and in doing so were the only division to get close to achieving a 15% ROCE.
China's New Year Challenge
02 march 2015
(Rapaport) - The diamond industry is navigating slow economic growth in this Chinese New Year of the Goat. No longer considered the new frontier for the diamond market, China has matured and demand has softened in the past year. The country was the difference between an okay diamond market and a weak one in 2014 into 2015. As a result, the industry has lacked its usual buzz ahead of this Chinese New Year season.
Russia’s Accounts Chamber to sort out diamonds
27 february 2015
(www.kommersant.ru) – The Kommersant Daily happened to know the results of a comprehensive audit of ALROSA carried out by Russia’s Accounts Chamber, whose Collegium will meet today to discuss the related report. The audit, during which the Chamber examined the biggest deals concluded by the diamond miner and its subsidiaries in 2008-2014, revealed the ineffectiveness of a number of decisions regarding their borrowings policy and management of non-core assets. Actually, this audit deals with the management decisions taken by the team of Fyodor Andreev, ex-president of ALROSA, but experts point out that the majority of non-core transactions were generated by the previous management team.
