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
2015 may turn benign to yellow metal
12 february 2015
2014 was not a good year for gold, or rather the last period was not good. In fact, up until the fourth quarter, the price had not done too badly touching 1,350 dollars an ounce in March after the Ukraine crisis. It started going down in September due to variety of factors: the end of the Federal Reserve's Quantitative Easing, the strength of the dollar, the Swiss referendum's increasing gold reserves at the central bank, the collapse of imports in India.
Diamond Mining in India: Projects developed by Vajra Diamond Mining
11 february 2015
Despite history’s estimate that diamonds (vajra, Sanskrit for "adamantine") were discovered in India during the 4th century B.C., and it was one of the first countries to mine the gem, the country today has no diamond producing mine. Nevertheless, diamond production within the country may augur well for the Indian diamond and jewellery industry by not only easing the rough shortage situation, but also help manufacturers as they would earn better margins.
Rough Price Correction – Part 2
10 february 2015
(Rapaport) - The rough diamond price cuts by De Beers at last week’s January sight were not far reaching enough. The mining company reduced prices by an average 4 percent, adopting a strategy to diminish supply while gradually adjusting prices in the current weak market (see full sight report here). Most sightholders, somewhat astonishingly, seemed to support the strategy, even as they are frustrated by the lack of profit from De Beers supply.
Stable Rough Diamond Production
09 february 2015
(Rapaport) - Rough diamond production was basically flat in 2014 and is projected to remain at similar levels this year. While De Beers is expected to maintain steady production, increases by ALROSA will likely compensate for declines at other companies.
Dispatches From the Diamond Wars
06 february 2015
(The Wall Street Journal) - The heavily marketed symbol of marriage is the most destabilizing natural resource of all.
