News
ICSG sees global refined copper market in surplus through 2027
The Lisbon-based International Copper Study Group (ICSG), an autonomous intergovernmental think tank, has published its 2026 - 2027 global refined copper market report and forecast a widening surplus.
Today
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...
Yesterday
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.
Yesterday
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.
Yesterday
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.
Yesterday
ALROSA floated 16% of shares for $ 1.3 billion
28 october 2013
ALROSA has successfully carried out its IPO. The company placed its shares at the lower limit of the price range it set for the market. The deal is to yield $ 1.3 billion and the company’s largest buyer will be the Lazard Foundation. ALROSA closed its IPO bid book on Friday. The offering price was 35 rubles per share with oversubscription reaching about $ 400 million, the Vedomosti Daily was told by two sources close to the opposite sides of this transaction. Altogether, the diamond miner put on the block 16% of its shares. The Federal Property Management Agency and the Government of Yakutia offered 7% each and another 2% was put up for sale as quasi-treasury stock. The deal raked in $ 1.3 billion, of which the Federal Property Management Agency and the Government of Yakutia will have $ 562 million each and ALROSA will get $ 162 million.
Dubai, the New Silk Route
28 october 2013
Out of seemingly nowhere, Dubai has created a powerful role for itself in the global diamond industry in just one decade, the Diamond World says in an article posted on www.diamondworld.net. Stressing its position between African diamond producing states and Asian manufacturing countries, Dubai believes it is making Antwerp increasingly irrelevant. A strong financial backup, strategic geographical location and fast-evolving infrastructure are just some of the reasons behind Dubai’s lead.
Angola’s Camutue Diamond Mine Drills to Expand Kimberlite Pit
25 october 2013
Tecmad Mining Services SARL is drilling at its Camutue diamond mine in the northeast of Angola, the world’s fourth-largest diamond producer, to test the feasibility of expansion, Site Director Colyn Purdon said, according to Colin McClelland writing for Bloomberg.
Going.. Going.. Gone! Scarcity of small diamonds
24 october 2013
Small diamonds below 20 pointers, mostly polished in Surat have become scarce, according to Diamond World News Service. The manufacturers are facing an absence of profitability for small diamonds and hence they are minimising their production for small diamonds. High prices of rough diamonds, low demand, weak rupee and inflation are some of the major reasons to be blamed for this scenario. Kunjal Karaniya spoke to a few diamantaires to know in-depth about the scenario.
Dark as it is, coal outshines diamonds for SA’s Alexkor
23 october 2013
South Africa’s Alexkor is one of the few state-owned diamond mining companies in Africa, a region that produces the majority of the world’s gems both in volume and value terms. Unlike Endiama in Angola and ZMDC in Zimbabwe that are ‘cash-cows’ for the respective countries, Alexkor was a problem child.
