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
Would You Buy a Rough Diamond?
03 february 2023
(nytimes.com) - Uncut diamonds usually are sold to dealers or jewelers who then incorporate them into the collections they sell to clients but Signum, a new company, intends to take a different approach: selling them directly to the public and introducing a digital companion as well. The business was created in late 2021 by the owners of HB Antwerp, the diamond trading, cutting and polishing company that holds partial ownership of the 1,758-carat Sewelo, the second-largest diamond ever unearthed.
Miners expect year of tumult as recession, risk and consolidation change face of industry
02 february 2023
(miningmx.com) - Gold mining companies would turn increasingly to industry consolidation through merger and acquisitions this year, said Mark Bristow, CEO of Barrick Gold. Speaking to Bloomberg News, Bristow also said that his company’s preference was to focus on the junior market “where it fits with our exploration focus”. Bristow added that 2023 “… is going to be seen as the start of serious change – in the way mines operate and are held accountable”.
Provenance Proof: Traceability from the source
01 february 2023
(professionaljeweller.com) - A start-up launched in 2017, Provenance Proof develops new technologies and services to provide independent proven transparency and traceability. With digital and physical tracking solutions aimed at all industry players – from mine operators to end consumers – Provenance Proof simplifies supply chain risk management. Director Klemens Link tells PJ more.
Electric vehicles throw palladium's mega-rally into reverse
31 january 2023
(money.usnews.com) - Palladium, once the cheapest major precious metal, rocketed from less than $500 an ounce in 2016 to above $3,400 last March, leaving platinum and gold for dust. An era of breathtaking palladium rallies is likely to be ending, analysts said, as rising supply and stagnant demand erode prices of the metal used to neutralise vehicle exhaust emissions.
Russian diamonds lose their sparkle in Europe
30 january 2023
(politico.eu) - In the European bubble in Brussels, diamonds aren’t anyone’s best friend anymore. “Russian diamonds are blood diamonds,” De Croo said in a statement to POLITICO. “The revenue for Russia from diamonds can only stop if the access of Russian diamonds to Western markets is no longer possible. On forging that solid front, Belgium is working with its partners.” The West’s economic war against Russia has already had an impact. Partly because of U.S. sanctions, the Russian diamond trade in Antwerp has already been severely hit. But those rough Russian diamonds are diverted to other diamond markets, and often find their way back to the West, cut and polished. That's why Belgium is working with partners to introduce a "watertight" traceability system for diamonds, a Belgian official said. If it works, this could hurt Moscow more than if Washington or Brussels are flying solo.
