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
Grown Versus Mined: The Retail Battleground
15 november 2022
(diamonds.net) - Is the growth in lab-created diamonds being driven by consumer desire or the retail jeweler’s sales pitch? The question arose in a recent episode of the Rapaport Diamond Podcast, as well as in a webinar panel discussion Rapaport hosted earlier this year with lab-grown producers and marketers. The podcast guest was Kieron Hodgson, managing director and research analyst for commodities and mining at UK investment bank Panmure Gordon. He called out jewelers for the narrative they were pushing about lab-grown versus natural goods.
LME will not ban Russian metal from its system
14 november 2022
(euronews.com) - The London Metal Exchange (LME) said on Friday it will not ban Russian metal from being traded and stored in its system because a significant portion of the market is still planning to buy the country’s metal in 2023.
The Lab-Grown Diamond Contradiction
14 november 2022
(edahngolan.com) - Lab-grown diamonds are a living contradiction. Demand is rising, but prices are falling. They are hot in the US, but not sweeping the rest of the world. Wholesalers accommodate price erosion. It’s a technological-driven product catering to a young crowd and striving to follow in the footsteps of a centuries-old product, while enthusiastically adopting many of its ills.
A New Generation of Diamond Mine
11 november 2022
(idexonline.com) - It's less than a quarter of a century since Canada opened its first diamond mine. Much has changed since Ekati, on the edge of the Arctic Circle, began commercial production in October 1998. Not least a growing awareness of the planet's finite resources. Sustainability is now high on the agenda, which is one of the reasons that Canada's newest diamond mine (still subject to approval) could use airships for transport, autonomous haul trucks controlled from hundreds of miles away, and a nuclear microreactor to provide power. The Chidliak Project is on the vast and sparsely populated Baffin Island, in the Nunavut territory, home to the Inuit people and famed for its polar bears and spectacular fjords. De Beers says it will be like no other mine anywhere in the world. The miner says it is, for the first time, incorporating the vision it calls FutureSmart Mining, transforming the way it sources, mines, processes, moves and markets its products. Advances in technology mean Chidliak will be physically far smaller than current mines, and could require as few as 200 people on site to operate it.
Turning a Bust into a Boost
10 november 2022
(diamonds.net) - With inflation at or near a two-digit figure in the US and Europe, disruptions in the global supply chain, and an energy crisis recently exacerbated by the closure of a major Russian gas pipeline, the bells of recession are tolling more loudly. The US gross domestic product (GDP) for the second quarter was down 0.6% compared to the first, while Signet Jewelers — the country’s largest retail jeweler — saw revenue decline 1.9% in the three months that ended July 30. Last year and the beginning of this one brought jewelers bumper sales, as many consumers who were unable to travel swapped the sun of exotic destinations for the sparkle of a jewel. But as the economy changes gears, are jewelers getting ready? And have the recent pandemic-induced economic shocks and 2008 global financial meltdown provided lessons on how to weather yet another storm?
