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
And Then There Was None: Canada Sells its Gold
22 november 2022
(bmg-group.com) - Canada, bucking an international trend that has seen central banks become net buyers of gold since 2010, has sold off all its official gold holdings. Canada’s official international reserves last released by the Bank of Canada (BofC) on February 23, 2016 showed gold reserves at zero (0). This is unprecedented. Canada now stands as the only G7 nation that does not hold at least 100 tonnes of gold in its official reserves. According to statistics from the World Gold Council (WGC), Canada’s current holdings would now rank it dead last out of 100 central banks, behind Albania at number 99. A footnote says that the BofC still holds 77 ounces of gold, primarily in gold coins.
Nickel Plunges as Illiquid Trading on LME Sparks Fresh Turmoil
21 november 2022
(bnnbloomberg.ca) - The London Metal Exchange is stepping up surveillance of trading in the nickel market after sharp price swings revived memories of the extreme volatility seen during a runaway short squeeze. The move comes after nickel prices fell rapidly Wednesday afternoon, unraveling dramatically after supply fears sparked erratic rallies in thin trading conditions earlier in the week. It’s the most extreme bout of volatility since a historic price spike in March, and it’s heightening concerns that plunging liquidity in the wake of the controversial squeeze risks wreaking fresh havoc.
Does a growing global green hydrogen economy mean you should invest in platinum?
18 november 2022
(hydrogenfuelnews.com) - Water electrolysis uses the precious metal in the critical catalyst components. A green hydrogen economy will mean that there will be a substantial rise in electrolyzers powered by renewable energy such as solar and wind power.
Sibanye-Stillwater to retrench up to 1,959 employees as SA gold operations deplete
17 november 2022
(miningmx.com) - Sibanye-Stillwater may retrench up to 1,959 employees from its South African gold operations following an announcement on November 1, 2022 it had started restructuring talks with unions at its Beatrix 4 shaft and Kloof 1 plant. Richard Stewart, chief officer for Sibanye-Stillwater’s southern Africa region said the restructuring was necessary as the operations were making losses that would “threaten the remaining life of mine of the other South African gold operations, and ultimately also the employees of the broader group”.
New platinum, palladium catalyst able to deal with methane emissions for good
16 november 2022
(mining.com) - Researchers at the Universitat Politècnica de Catalunya, the University of Udine and the ALBA Synchrotron have discovered a palladium and platinum catalyst that is able to eliminate methane emissions from transport and other human activities to reduce global warming.
