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.
Yesterday
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.
Yesterday
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.
Yesterday
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.
Yesterday
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.
Yesterday
What the AGS Lab Closure Will Mean for Its Cut Grade
02 november 2022
(jckonline.com) - On Oct. 18, the American Gem Society’s grading lab, AGS Laboratories, announced that it will close at the end of 2022, with GIA taking over its intellectual property, technology, as well as its Las Vegas location, which it will use as a research facility. But one piece of intellectual property that GIA will not pick up is AGS’ pioneering cut grade, which has long been the lab’s main selling point. That will remain with the AGS, says CEO Katherine Bodoh.
How to greenwash like a pro
01 november 2022
(greenbiz.com) - So, you want your company to be seen as sustainable? Great! You’re part of a growing movement. Appearing to be sustainable has become a priority inside many of the world’s largest companies. And companies that get really good at appearing sustainable are commonly referred to as "greenwashers." You can become one, too. To help, I’m offering a dozen tips and insights that can get you further, faster.
This 137-Person Village Hopes To Reinvent Itself With Diamonds
31 october 2022
(jckonline.com) - Coomiap is a small village in the Democratic Republic of Congo (DRC)—and it may even be a stretch to call it a village. It’s built entirely around the local mine after which it’s named. Its 137 residents get by with no electricity and live in what can safely be called the middle of nowhere. The biggest town, Kananga, is six hours away—and the only way it can be reached is by motorbike, since the area has no paved roads. “There are only woods and a few huts nearby,” says Pieter Bombeke, a third-generation veteran Antwerp, Belgium, cutter. The village does its own farming, which means it’s largely self-sustaining. And it also has diamonds—enough to possibly make a difference in the lives of local residents.
India’s new rich fuel brand expansion for Tata’s jewelry arm
28 october 2022
(economictimes.indiatimes.com) - India’s expected surge of rich consumers is driving the jewelry unit of Indian conglomerate Tata Group to triple its Zoya-branded luxury stores by 2027. “There is a lot of latent demand for luxury from India and high net-worth individuals are going to explode,” Ajoy Chawla, the chief executive officer of the jewelry division at Titan Co., said in an interview. “This is just the beginning for luxury.” Titan, India’s biggest jeweler, gets about 90% of its revenue from the sale of jewelry and the rest from watches, eyewear and perfumes. It has four jewelry brands under its umbrella: flagship Tanishq, working women-focused Mia, online sales portal Caratlane, and Zoya, which is aimed at rich customers.
Can Mantashe’s crack police unit bring the hammer down on illegal mining syndicates?
27 october 2022
() - Illegal mining in South Africa is “as bad as it’s ever been”, according to Minerals Council CEO, Roger Baxter who has called on the country’s government to make sure its proposed ‘specialised police unit’ is implemented properly. To do this, Government needs to draw from private sector skills, a practice it hasn’t shown proficiency in achieving, as well as integrating knowledge held in other departments.
