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
Natural Diamond Council Losing Almost Half Its Funding In 2023
29 september 2022
(jckonline.com) - The Natural Diamond Council (NDC) is likely to lose half its budget in 2023, the result of Russian diamond miner Alrosa leaving the group earlier this year, the group’s CEO David Kellie said during a presentation at Facets 2022, the recent two-day conference sponsored by the Antwerp World Diamond Centre (AWDC). “In February of this year, Alrosa suspended themselves from the NDC, resulting in a loss of almost half our financial resources for 2023,” he said. “This is a crisis that is coming our way for the industry and one that I hope we can discuss together as a matter of urgency.”
ALROSA continues its business as usual and does not deviate from its plans
28 september 2022
(yakutiamedia.ru) - ALROSA CEO Sergey Ivanov shared his vision of the situation in the company in light of the economic situation in the country.
ARM confident it can overturn history by making money at ill-fated Bokoni Platinum mine
27 september 2022
(miningmx.com) - The key factor which could make or break plans to revitalise the Bokoni Platinum mine by new owner African Rainbow Minerals (ARM) could be the geology encountered as development work opens up the unmined UG2 reef resources at the mine.
Africa must stake its claim for share of $160bn a year in green metals investment
26 september 2022
(miningmx.com) - Unless there’s a doubling in capital expenditure by the world’s mining companies, the world has virtually no chance of limiting global warming to 1.5oC as targeted in the Paris Agreement. That’s the key finding in a June report by Bank of America (BoA), which says mining sector spending on the development of metals production should be $160bn a year instead of the $99.5bn historic average. “Based on the current resource endowment and market balances, we don’t expect the 1.5oC global warming target to be achieved by 2050: 1.7 to 1.8oC looks likely. One solution to resolving shortages and constraints, as ever, lies in investment,” BoA says. What’s required is not the discovery of one or two key ingredients, but a host of metals drawn from every corner of the periodic table. BoA describes them as “metals important for future technologies” – substances critical to making batteries for electric vehicles (EVs) and motors to drive solar and wind power generation.
Diamonds are Forever
23 september 2022
(blog.independent.org) - Forged miles beneath the earth’s crust. Eternal—or as close as we get in this vale of tears. Objects of endless fascination and avarice, the diamond is at times witness to bloody conflict in its production and exchange (more on that below). Diamonds have proven irresistible to the scholar’s pen (admittedly, a low bar) and the professor’s lecture (admittedly, a lower bar).
They’re also my answer to a friend’s question recently posed to me. “Suppose you had to teach a semester-long class,” he began. “So far, so good,” I’m thinking. “Using examples from only one object.” “That’s a lot harder,” I chew on the problem. “What would it be?” he asks. It wasn’t but a moment before I hit on my answer. A typical semester includes about fourteen weeks of instruction.
How much economics could I teach, using only diamonds for illustration? Pretty far, I think, and far enough. Here’s a quick whirlwind tour—fourteen topics, fourteen weeks. I’d have to teach the class to flesh out the details, but this is a start.
