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
Going up! Cosmic elevator could reach space on a cable made of diamonds
19 february 2015
(CNN) - Want to ride an elevator into space? While the idea has been around for more than 100 years, a breakthrough in nanotechnology could mean we will be riding into space on a cable made of diamonds. Scientists at Penn State University in the US released a research paper last month that showed the way forward to producing ultra-thin "diamond nanothreads" that have a strength and stiffness greater than that of today's strongest nanotubes and polymers.
HSBC Swiss Bank Fraud Linked To Diamond Industry
18 february 2015
(DIB Online) - In a recent article published by the International Consortium of Investigative Journalists (ICIJ), a global network of investigative journalists who collaborate on in-depth investigative stories, the HSBC's Swiss Private Bank's activities in the diamond sector are scrutinized.
ALROSA Relaxes Client Sales Volume Requirements, Not Prices
17 february 2015
(Rapaport) Interfax - ALROSA did not lower prices for rough diamonds at its first trading session of 2015 with contract clients, which took place at the end of January when seasonal demand for diamonds had eased off, representatives of those clients told Interfax.
Economics 101: A Course on Added Value
16 february 2015
(IDEX Online) - The president of the International Diamond Manufacturers Association (IDMA), Maxim Shkadov, is clearly in pain. Recognizing that the supply of polished diamonds is far exceeding demand, he lashed out in a “dear colleague” letter against the rough producers whom, he says, “consciously turn a blind eye to developments in the downstream section of the pipeline.”
IDMA President's Message
13 february 2015
(www.idma.co) - Time flies. As January 2015 is coming to a close, it is now clear that we still carry the burden of 2014 with us. As forecast last year, the reduction of diamond prices - as reflected in the Rapaport price list – offers proof of the supply of polished far exceeding demand. In practical terms, this means that we all have to get used to the new normal in polished diamond trading: a lack of control of the volume of the goods that is released to the market
