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
Russia's new gold exchange could challenge LBMA and reveal gold's 'fair' price - Matthew Piepenburg
05 october 2022
(kitco.com) - The Moscow World Standard, an alternative to the London Bullion Market Association (LBMA), could end gold price manipulation and reveal the metal's fair market value, according to Matthew Piepenburg, Commercial Director at Matterhorn Asset Management.
De Beers Forevermark Backtracks On Loose Diamond Plan
04 october 2022
(jckonline.com) - De Beers Forevermark has canceled a plan that would have seen the brand take over loose diamond distribution from its wholesale partners, after it raised an uproar from some of its retailers. “As we continue to evolve the strategy for De Beers Forevermark and listen to the feedback we have received regarding the treatment of loose diamonds within the brand, we have decided to maintain the status quo,” said Charles Stanley, president of De Beers brands, North America, in an email to the brand’s retailers. “This means you can continue to access loose De Beers Forevermark diamonds directly from our authorized suppliers and ourselves, along with the continued ability to place our diamonds in third-party semi-mounts or one of our De Beers Forevermark settings.”
Brute force: could Russian mining mergers counter Western sanctions?
03 october 2022
(mining-technology.com) - In response to Western sanctions, Russian miners have looked towards merging to create companies strong enough to resist economic penalties. Nnamdi Anyadike investigates.
LME Takes First Step Toward Possible Russian Metal Ban
30 september 2022
(bloomberg.com) - The London Metal Exchange is releasing a discussion paper which, according to people familiar with the matter, marks the first step towards a possible ban on new supplies of Russian metal. Any move by the LME to block Russian supplies could have a significant impact on global metals markets as the country is a major producer of aluminium, nickel and copper. Fears that sanctions could disrupt Russian nickel exports contributed to a massive short squeeze on the LME in March.
Jagersfontein mine owner Stargems says tailings facility was “safe and secure”
30 september 2022
(miningmx.com) - The owner of the Jagersfontein diamond tailings dam which burst on Sunday killing at least three people said that the assets “were safe and secure” based on a due diligence prior to buying them. According to a report by Bloomberg News, Johan Rupert’s Reinet Investments sold its stake in the Jagersfontein diamond mine and tailings facilities to Stargems Group, a Dubai-based diamond trading company. “A full due diligence was conducted prior to this acquisition showing that the assets, including the dam were safe and secure,” Stargems said in an email to the newswire. The company will offer R20m to assist the community.
