News
Tharisa meets FY2026 guidance, Karo Platinum fully funded as net debt swings to $51m
Tharisa has reported full-year production in line with guidance for both platinum group metals (PGMs) and chrome concentrates, while confirming its Karo Platinum project in Zimbabwe is now fully funded following a $300 million bond issue.
Today
Israel’s diamond sector poised for revival following tax reforms and De Beers comeback
De Beers, one of the world's major diamond market players, has announced the resumption of its operations in Israel after a nine-year absence, which became the latest sign of revival of the diamond industry in the country.
Today
Kefi Gold and Copper restarts Tulu Kapi development after safety review
Kefi Gold and Copper has resumed development at its Tulu Kapi gold project in Ethiopia following a suspension that began on September 7 after a serious safety incident three days earlier.
Today
Nornickel implements smart melt monitoring system
Norilsk Nickel has installed a smart melt monitoring system at its metallurgical plant in Norilsk in collaboration with Reksoft. The system uses computer vision to assist the converter operator in identifying phases during the tapping process.
Today
ALROSA to help amplify Arctic agenda at UN
In preparation for the 31st UN Climate Change Conference (COP31), ALROSA experts and other stakeholders from Russia discussed a unified approach to strengthening the country’s position and the Arctic agenda at UN climate conferences.
Today
De Beers’ Cleaver: Lightbox Was “One of the Scariest Things I’ve Ever Done”
14 february 2023
(jckonline.com) - In part 2 of our exit interview with De Beers CEO Bruce Cleaver, he reviews the big events of his tenure, from Nirav Modi’s implosion to the COVID-19 pandemic to De Beers’ still-controversial introduction of lab-grown brand Lightbox.
Exit Interview with De Beers CEO Bruce Cleaver (Part 1)
13 february 2023
(jckonline.com) - In two weeks, Bruce Cleaver (pictured) will step down as De Beers CEO, after six years in the role. His replacement will be energy executive Al Cook. Going forward, Cleaver will serve as De Beers co-chair, along with Duncan Wanblad, the CEO of Anglo American, De Beers’ parent company. Before Cleaver leaves the job of CEO, we wanted to talk with him about the highlights of his time running the company, and where he sees the industry going. This is a two-part interview. The second part, which will run later this week, will cover a look back at Cleaver’s tenure. The first part, which runs today, concerns current events, including De Beers’ contract with Botswana, Russian sanctions, and what’s happening with Forevermark and Lightbox.
Angola seeks dual listing for diamond miner Endiama, to sell 5-10% stake first
10 february 2023
(kalkinemedia.com) - Angola will seek a foreign listing for state-owned diamond miner Endiama after an initial public offering at home, its mines minister said, even as the company's operations are affected by links with sanctions-hit Russian miner Alrosa. The OPEC member country has embarked on a major drive to reform and privatise the economy under President Joao Lourenco that involves a partial listing of oil behemoth Sonangol and diamond producer Endiama.
Not Every Girl's Best Friend
10 february 2023
(idexonline.com) - Diamonds are a girl's best friend, so they say, but Devanshi Sanghvi would disagree. She was heiress to her family's $60m-plus diamond empire, but decided instead to take her vows as sadhvi - or nun - in the Jain religion, aged just eight. Jainism teaches that the path to enlightenment and reincarnation is through strict vegetarianism, non-violence and minimal harm to people, plants and animals. It dates back 2,500 years and has five million followers, mostly in India.
Petra Diamonds open to M&A deals, CEO says
09 february 2023
(mining.com) - Diamond miner Petra Diamonds invited merger and acquisition proposals on Monday, with CEO Richard Duffy saying the industry would benefit from consolidation. The diamond mining industry is dominated by Russia’s Alrosa on one hand, and Anglo American’s De Beers on the other, with the remainder of the sector made up of various small mining firms including Petra. “We have got opportunities to grow organically, but given that we are through this restructuring and we have a much more robust balance sheet, we would be willing to consider consolidation if it makes value sense,” Duffy told Reuters in an interview on the sidelines of the Investing in African Mining Indaba in Cape Town.
