News
Canadian Exiro Nickel acquires nickel assets from Vale
The complex comprises two mines and a facility for the production of refined nickel. According to the most recent data—covering the period from the fourth quarter of 2023 through the third quarter of 2024—Thompson Operations produced 10,500 tonnes of...
Today
DRDGOLD Q3 gold output climbs 10% as revenue reaches over $180m
DRDGOLD's gold production increased by 10% to 42,021 ounces for the quarter ended 30 September 2026, supported by a 15% improvement in yield to 0.212g/t despite a 5% drop in tonnage throughput.
Today
Kumba Iron Ore Q3 production falls 19% as sales rise 3%
Kumba Iron Ore's total production decreased by 19% to 7.5 million tonnes (Mt) for the third quarter ended 30 September 2026, down from 9.2 Mt a year earlier.
Today
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
Diamond Prices Continue to Fall
16 october 2014
(The Wall Street Journal) - The price of polished diamonds declined for the sixth consecutive month in August, driven by sluggish sales, the Rapaport Group, a company that provides research and trading services to the gemstone industry, said in its September research report. And larger diamonds have been leading the downturn, at least in part because of a shift in taste among Chinese buyers.
Indian jewellery exporters’ September headache - buyers were opting for lower-purity gold and small diamonds
15 october 2014
As if the current challenges were not enough, the Standard Chartered Bank’s recent decision to lower exposure in the gems and jewellery industry has come as the ‘last straw’ to the Indian diamond industry. With Antwerp Diamond Bank going in for liquidation and many other lending banks insisting on extra collateral, the move by Stan-Chart has the industry in a flux.
Game theory in the rough diamond market – buy the box?
14 october 2014
(Mining.com) - The mechanism to buy and sell rough diamonds is bizarre. Diamonds are sold in “boxes”, collections of diamonds with similar characteristics, where values ranging from $100,000 to $1.5 million. Approximately 5,000 boxes are available for sale at 10 occasions per year which are known as “sights”. No negotiation occurs and there is no cross access between boxes assigned to other customers. This strange structure triggers lots of questions. To help us understand these aspects, Game Theory is a useful framework in order to assess the interaction and sheds light into the strategies undertaken by the buyer and the seller.
Puff … There Goes $1.9 Billion in Diamond Financing
13 october 2014
(IDEX Online) - Nothing should have surprised the diamond sector about KBC’s announcement that it is closing down the operations of the Antwerp Diamond Bank (ADB). It was not just the many rumors in the Antwerp and global markets in the week before the announcement or the news report about it in a local daily that should have prepared us for the statement. Ever since the October 2008 financial crash, it has become clear that the global banks view the financing of the diamond trade as less than attractive.
Northern Canada, the Conflict-Free Diamond Frontier
10 october 2014
(The New York Times) - The four C’s of a conventional diamond are color, clarity, cut and carat weight. Deepak Kumar is fond of saying that his stones will have six C’s.
