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
Committing to Valentine’s Day
27 february 2015
(Rapaport) - Valentine’s Day exposes both the weaknesses and strengths of the diamond and jewelry market. For a product so driven by the idea of commitment and relationships, the holiday should be a coup for the industry, a second Christmas if you like. At the same time, one cannot help but feel that the industry doesn’t take full advantage of its potential.
Diamonds are Anglo’s best friend
26 february 2015
(Moneyweb) - De Beers set to continue as Anglo’s brightest shining performer. Up 36%, De Beers Group’s $1.4 billion operating profit made it the second most successful Anglo American subsidiary for the year ended December 31 2014. Paying $5.2 billion in 2012 for an additional 40% of the iconic diamond miner - boosting Anglo’s stake to 85% ownership - proves to have been a shrewd business deal.
Synthetic Diamond Producer Creates Trade Representative Body Prohibits the Use of the ‘S’-Word
25 february 2015
(IDEX Online) - A new trade body, the International Grown Diamond Association (IGDA), has a website where it introduces itself as “a not-for-profit organization that will seek to represent and promote the Grown Diamond industry and work towards creating awareness about Grown Diamonds. Founded in Singapore, IGDA seeks to serve as the central point of communication for the industry and a global platform to discuss all issues concerning the Grown Diamond industry and its stakeholders.”
Anglo to wait a year for De Beers credit
24 february 2015
(miningmx.com) - It would take more than a year for Anglo American to receive credit for its operational improvements, including the contribution made by its 85% investment in De Beers, said the UK-listed firm's CEO, Mark Cutifani. Asked at a De Beers investor day if Anglo would consider re-listing De Beers as a means of having it recognised better by the investment market, Cutifani said: "I think it's too early to say that it is or it isn’t doing value".
ALROSA will pay from the future
20 february 2015
(Kommersant) – According to the Kommersant Daily, ALROSA is discussing dividend options for 2014-2015 with Russia’s Federal Property Management Agency. Despite its net loss incurred to the amount of RUB 12.55 billion in 2014 (under the IFRS), the company is ready to maintain shareholder returns at the 2013 level to keep its promise of stable payments. But as a result, ALROSA will have to reduce future dividends for 2015, the year in which the company is expected to gain a net profit of RUB 113 billion.
