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.
Yesterday
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...
22 october 2026
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.
22 october 2026
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.
22 october 2026
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.
22 october 2026
Zim diamond smuggling: A reality or fallacy?
30 march 2012
The smuggling of diamonds from Zimbabwe’s Marange has been a subject of much debate and controversy since 2006 when the southern African country “discovered” the vast diamond fields. So controversial was the issue that the Kimberley Process (KP), the United States and the European Union had to put Marange gems under a trade embargo.
Moving DTC
29 march 2012
The transfer of De Beers Diamond Trading Company (DTC) from London to Gaborone is well under way and couldn’t come sooner for Botswana. The move marks exciting times for the southern African nation and is set to be a catalyst for much-needed economic diversification and, hopefully, significant job creation.
Is there reason to worry about Rio Tinto rethinking diamond business?
28 march 2012
It is ideal for Rio Tinto to focus on increased spending on bigger projects than diamonds, which will contribute a very small net income to the group at the end of the year.
Rough prices thaw out
27 march 2012
It is still cold and snowy in Moscow, the capital of the world’s biggest producer of diamonds. The spring doesn’t hurry to come, and one can easily see that nobody is hurrying too. Diamond dealers are nervously smoking awaiting any encouraging news from word diamond industry insiders. But the thaw is not far off.
Privatization of ALROSA: options are possible
26 march 2012
Currently, the shareholders of ALROSA are tackling the issue of privatization with a view to float some part of the stock owned by the Russian Federation and the Republic of Sakha (Yakutia) on the stock exchange. While trying to solve this task, the Ministry of Finance of the Russian Federation suggests that the Government of the Russian Federation and that of Yakutia sell 7% each from their corresponding stakes in the company. However, this will affect the next stage, when the company is to carry out an IPO involving additional issue of 28% to the existing number of shares, as reflected in the latest version of the company’s Charter.
