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
Keeping miners honest is tougher than it seems
15 september 2022
(miningmx.com) - Environmental, social and governance concerns (ESG) has become a handy slogan in company boardrooms and marketing departments. Critics say corporates pay mere lip service to ESG and deceive shareholders and the broader public about their green credentials – a practice called greenwashing. Tracey Davies, founder of the non-profit shareholder activist group Just Share, says amid all the hype about ESG, it boils down to responsible business practices. “Greenwashing can be as nuanced and complex as ESG itself. The fact that a company is guilty of greenwashing doesn’t necessarily mean it is doing nothing right – it could just be overstating its efforts and progress.”
Implats to smoke out Northam’s intentions for RBPlat after saying it would close bid in weeks
14 september 2022
(miningmx.com) - IMPALA Platinum (Implats) CEO Nico Muller said the company would close its takeover bid for Royal Bafokeng Platinum (RBPlat) at the month-end – a development that is likely to smoke out Northam Platinum’s ambitions with respect to RBPlat. Muller said Implats expected an outcome to Competition Appeal proceedings “in the next few days” in which Northam has argued Implats’ offer for RBPlat is prejudicial to the rights of smaller miners in South Africa’s platinum group metals (PGM) industry.
The State of India
13 september 2022
(diamonds.net) - When demand slides, India’s diamond industry faces its fair share of challenges. As the largest manufacturing center, accounting for an estimated 90% of global polished goods, it is the market maker: How it buys rough and sells polished sets the tone for the rest of the trade. With both rough supply and polished demand declining in recent months, diamond cutters are navigating a complex market dynamic. Geopolitical uncertainty, a slowdown in China due to its strict Covid-19 policies, and the seasonal summer lull in the US and Europe have led to a softening in appetites for diamonds. Meanwhile, when Russian production dropped out of the market around March, volume fell. These forces have balanced each other out to some extent. If polished demand were as robust as a year ago, there would be more severe shortages, which would support polished prices, many have observed. Instead, prices have weakened, and there are still large quantities of polished inventory available.
How diamonds will enable Anglo to make a market for Woodsmith fertiliser product
12 september 2022
(miningmx.com) - Anglo American’s experience marketing diamonds through its decades-long association with De Beers would be invaluable as it seeks to make a market for Woodsmith, a proposed mineral fertiliser project. Duncan Wanblad, CEO of Anglo, said in an interview with the Financial Mail last month that although seemingly disparate, Woodsmith’s polyhalite and diamonds have similarities.
THE BIG INTERVIEW: 180 years of the magnificent house of Fabergé
09 september 2022
(professionaljeweller.com) - A lot has changed in the last 180 years. The British crown has changed hands five times, dozens of prime ministers have come and gone, two world wars rocked the globe, and we witnessed the emergence and later refinement of inventions like the car, the telephone and the internet. But, through all that, Fabergé has endured. This is not to say the company has not evolved in the nearly two centuries since its founding – far from it – or that there were not several dark decades when it was not as prolific as it is now, lying dormant, but while we have seen the rise and fall of other rival businesses in that time, Fabergé is largely still famous for what it has always been known for: namely, making iconic jewellery and its fabled egg objets.
