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
Angola eyes becoming the world’s largest diamond producer in five years
02 september 2022
() - Angola, long viewed as “elephant country” by geologists searching for major diamond strikes, is finally getting the exploration attention it deserves after a radical transformation of its mining policy. The reforms are pulling diamond explorers back into the country. Over the past year, mining majors Rio Tinto and De Beers have returned to explore for the “holy grail” of a major kimberlite deposit matching existing mines like Venetia. De Beers’ parent, Anglo American Corporation, is also back in Angola looking for copper and nickel. According to Angolan state-owned diamond mining company Endiama GM Pedro Galiano, these are likely to be followed by private investors from China and Dubai, who he says are “interested” at this stage.
The Australian diamonds that no one can see
01 september 2022
(mining.com) - Researchers working at the Clarke River Fault, west of Paluma in north Queensland, found the first metamorphic diamonds in rocks in Australia. In a paper published in the journal Science Advances, the scientists point out that the diamonds are invisible to the naked eye.
Dubai’s diamond industry and the three ‘c’s of community, collaboration, and climate
31 august 2022
When inspecting the quality of diamonds, it is widely acknowledged to be aware of four key characteristics: cut, clarity, colour and carat. In becoming a global centre, there are another three ‘c’s which have played an equally important role in Dubai’s meteoric growth and resilience in the sector: community, collaboration, and climate.
Orion chief says copper market is heading for a big rebound
30 august 2022
(miningmx.com) - Banking on a rebound in the copper price while developing several mineral deposits isn’t for the faint of heart. When the price of the metal slid by up to 20% over the past three months – amid a broader softness in commodity markets – Orion Minerals adapted its strategy to develop its Prieska mine. “The fundamentals [for copper] are still in place,” says Orion Minerals CEO Errol Smart. He expects a big rebound in the copper market due to supply-side constraints. Despite tight supply, demand for copper from the renewable energy component manufacturers remains robust. “On the supply side we’re running in a great market,” Smart says. “We have a decade-long backlog in new supply. We can’t meet current demand [for copper].”
Why now is a good time to buy diamond miners
29 august 2022
(moneyweek.com) - “Diamonds are a girl’s best friend,” sang Marilyn Monroe in the 1953 film Gentlemen Prefer Blondes. And who, regardless of gender, wouldn’t want to own the renowned Pink Star diamond? This stunning 59.6-carat (the industry’s diamond weight measurement unit: one carat equals 200 milligrams) gemstone sold at auction in 2017 for $71m, the highest price ever paid for a jewel. However, stockmarket-listed diamond shares could also be a great friends for investors. To understand why, let’s start at the beginning.
