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
Six Stories That Will Shape the Diamond Market in 2023
27 january 2023
(rapaport.com) - Now, the industry is adjusting to the consequences of the Russia-Ukraine conflict and the associated US sanctions on Alrosa. Market forces have not yet enabled that to play out fully. The conflict will likely become even more important in 2023 than it was in 2022 as the supply-demand dynamic adjusts and source-verification programs gain steam. Other factors are also expected to affect the trade in 2023. The US and Chinese economies are experiencing lingering uncertainty, while the lab-grown market continues to grow and evolve. Finally, De Beers and the Botswana government are set to sign a deal that could have wider significance for the industry.
Blockchain Will Transform The Future Of Luxury. Here’s How
26 january 2023
(jingdaily.com) - After losing an estimated $98 billion (672.4 billion RMB) in a single year due to counterfeiting, the luxury industry is embracing a tech-forward crusade to veto the imitation market. The sector may not be able to stop the production and sale of replicas, but it can make it easier for genuine luxury buyers to validate the real thing. For instance, the next time you buy a legitimate luxury handbag, chances are that it will come with its very own verifiable and traceable digital identity.
Why gold is the bright stuff for would-be sanctions busters
25 january 2023
(ft.com) - Experts joke that some Russian-mined gold in British vaults “is so old it has double-headed Imperial eagles stamped on it”. Ownership shifted into non-Russian hands decades ago, they say. But investors are worried that Russian gold could be used for sanctions busting. The London Bullion Market Association is therefore registering it all. The anxiety of investors is apt. Gold is the currency of fear and distrust. The financial systems of the democratic west and authoritarian east are pulling apart amid mutual recriminations. That extends the potential role of gold for national reserves and for transactions where no questions need be asked.
Crystal Gazing Into 2023
24 january 2023
(idexonline.com) - The beginning of every year brings about a flurry of planning activities as companies and individuals set their targets for the year. While we do so, it is wise to review what happened in the previous year, as we begin to make plans for the future. 2022 was a tumultuous year for the world economy in general. The highs of the stimulus and cheap money-driven growth of 2021 lead to the surge in inflation and forced central banks to tighten money supplies as well as increase interest rates. The world is waking up to some of the highest interest rates in over 15 years, after the great financial crisis.
Vladimir Potanin - RBC: "No need for confiscations, no need for nationalization"
23 january 2023
(rbc.ru) - Vladimir Potanin, the largest shareholder of Norilsk Nickel, spoke in an interview with RBC about the impact of Western sanctions on the company’s business and on him personally, and also weighed the idea of confiscating assets from foreigners and Russians who left the country.
