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
Moscow City Court rejects ALROSA’s request
17 december 2022
(kommersant.ru) - As it became known to Kommersant (Коммерсантъ), Konstantin Mashinskiy, Deputy Director General of the ALROSA company accused of abuse by the ICR (Investigative Committee of Russia) was under investigation. The court issued a restraining order relating to the businessman, which included the use of the Internet, as well as all types of communications. The restraining order was appealed not only by the defence attorney of the top manager, but also by ALROSA’s CEO Sergey Ivanov who believed that this prevented his team member from participation in managing the company. The Moscow City Court rejected the appeal full and complete.
Why Is De Beers Giving Sightholders A 1-Year Reprieve?
16 december 2022
(jckonline.com) - De Beers has extended its sightholder contracts by one year, a reflection of what it calls “uncertainty” in the market. De Beers’ current sightholder contracts, which began in 2021, were originally scheduled to run until the end of 2023. But they have now been extended until Dec. 31, 2024, spokesperson David Johnson tells JCK.
Gem-A November conference wins high appreciation among international gemologists
15 december 2022
After a hiatus of three years, Gem-A – the Gemmological Association of Great Britain organized its annual conference during the first weekend of November. Unlike previous conferences, the lecture program was reduced to a single day – November 6 – comprising several presentations of a commercial character. On November 7, three workshops were held.
Sibanye-Stillwater approves R10.5bn Keliber project as green metals push begins in earnest
14 december 2022
(miningmx.com) - Sibanye-Stillwater has approved the €588m (R10.5bn) development of the Keliber lithium deposit in which it recently increased its shareholding to 85%. The project, situated in Finland and part owned by the Finnish government, will begin with construction of the Kokkola refinery producing 15,000 tons a year of lithium hydroxide which is used in the manufacture of electric vehicle batteries.
The Lab-Grown Diamonds Sold At 100% Off Rap
13 december 2022
(jckonline.com) - Last September, I wrote an article on lab-grown diamond prices, where I quoted an “industry veteran” as saying that, with lab-grown diamonds being sold at 90% off the Rapaport list, “what’s lower than that? 100%?” Then last week, I wrote a blog post on the coming lab diamond shakeout, which mentioned that a vendor at the JCK show in Las Vegas had offered 1 carat lab-grown diamonds at “100% back of Rap.” You don’t need the latest copy of the Rap list to know that “100% back” means free.
