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
The French are busy buying gold
21 october 2011
The French, who traditionally prefer to invest in real estate, after the global financial crisis in 2008 are still busily buying gold, thus becoming net buyers (they buy more than sell), according to CPoR, a key player in the French gold market.
Outstay crisis investing in diamonds
20 october 2011
ALROSA offers banks to create an investment fund with a guaranteed income. Gokhran, which purchased diamonds from ALROSA during the last crisis, won 40% of investment returns over two years. But such a situation looks more like an exception: it is difficult to make diamonds a full-fledged investment vehicle, as skeptical experts believe.
IDEX Online Research: U.S. Jewelry Industry Now A $65 Billion Enterprise
19 october 2011
New government data has boosted the size of the U.S. jewelry industry by about 5 percent, restoring it to its former level of $65 million in the peak sales year of 2007.
Diamonds found for ALROSA
18 october 2011
ALROSA mulls to expand its business through the acquisition of foreign assets, the Kommersant Daily reports. According to this edition, the diamond miner’s consultants from VTB Capital advised to start the process by buying Ekati, the Canadian diamond mine, which accounts for about 3% of the world diamond output in carat terms and about 5% by value. Ekati is the major diamond asset of BHP Billiton, an Australian-British conglomerate, which owns an 80-percent stake in Ekati Diamond holding the license to develop the minefield. Yet, it is doubtful that BHP will agree to sell the asset to ALROSA: VTB Capital tentatively estimated it at mere $1.0-1.5 billion.
‘When in Rome, do as the Romans do’, an axiom Rio Tinto grasped well
17 october 2011
There is an old adage attributed to St Ambrose that says when in Rome, do as the Romans do. This axiom, which simply means behave as those around do, appears to resonate well with what the global miner Rio Tinto went through in Mongolia and Zimbabwe recently.
