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
De Beers says global rough diamond output shrinking as demand soars
19 september 2014
De Beers, which is the leading diamond producer in the world in terms of value, said last year’s global rough diamond output was about 146 million carats, a far cry from the 2005 peak of over 176 million carats. The group said in its “diamond insight report” that overall diamond supply was expected to increase moderately in the next few years, driven by new projects coming on-stream.
Search for major diamond source reaches a crescendo, exploration budget seen high - report
19 september 2014
De Beers said the diamond industry’s exploration budget is set to remain high as the chase to find the next major source of gems intensifies. The diamond mining industry had spent almost $7 billion on exploration since 2000. It said in its inaugural diamond insight report that most of the exploration spend was taking place in historically underexplored African countries such as Angola, the Democratic Republic of Congo (DRC) and Zimbabwe, as well as the vast swathes of Arctic Siberia and Canada.
Gold fixing overseen by an independent administrator
18 september 2014
London has reconsidered the gold fixing process. The new formula is designed to prevent manipulation with the gold rate. Four international banks - Barclays, Bank of Nova Scotia, Société Générale and HSBC – which perform electronic calculation of the gold ounce rate twice a day, morning and afternoon, are now obliged to do it under the supervision of an independent administrator.
Let’s talk diamonds
17 september 2014
(www.resourceinvestor.com) - Often it seems that gold gets all the fun when I write and speak about precious metals and minerals. But Vancouver-based Lucara Diamond, which we own in both our Gold and Precious Metals Fund (USERX) and World Precious Minerals Fund (UNWPX), has been turning heads here at U.S. Global Investors lately for a number of reasons, the most notable being that it continues to report stellar returns.
Diamond Miners Buoyed by U.S. Economic Recovery
16 september 2014
(The Wall Street Journal) - All that glisters is not gold. Rough diamond prices have risen by 5% to 10% this year, according to analysts. Investors now also have more options to bet on the stones.
