News
De Beers transfers initial BWP 1 billion contribution to Botswana’s Diamonds for Development Fund
De Beers has transferred its initial BWP 1 billion ($73 million) contribution to the Diamonds for Development Fund, marking a major milestone for the initiative designed to support Botswana’s long-term economic diversification.
Today
Valterra Platinum's refined PGM output falls 41%, sales decline 27%
Valterra Platinum's refined platinum group metal (PGM) production decreased by 41% to 576,900 ounces for the third quarter ending 30 September 2026.
Today
Swiss watch exports rise 11.7% in September, driven by sharp U.S. shipments increase
In September, the value of Swiss watch exports grew by 11.7% compared to the same period last year, reaching 2.226 billion Swiss francs ($2.74 billion). This marks the fourth consecutive month of growth.
Today
New $1.8bn copper smelter under construction in Kazakhstan
Construction of the Aktogay copper smelter has begun in the Abai Region of eastern Kazakhstan. The $1.8 billion project is being implemented by the KAZ Minerals group.
Today
Anglo American appoints Anne Wade as senior independent director
Anglo American has appointed Anne Wade as senior independent director, effective immediately.
Today
Rio Tinto signs Chinese joint venture
14 october 2009
Rio Tinto has announced its first major investment in China since the Stern Hu spy affair disrupted its dealings in the nation.
How to avoid greenback grief
13 october 2009
“More poor economic data have put Washington in a nearly impossible fiscal position. The US economy requires more stimulus than provided by the original package passed in March. But the dismal deficit outlook poses a huge longer-term threat. Indeed, it is just a matter of time before global financial markets reject this fiscal trajectory,” Roger Altman writes in the Financial Times. The author is Chairman of Evercore Partners, a leading investment banking boutique providing advisory services to prominent multinational corporations and financial sponsors on significant mergers, acquisitions and other strategic corporate transactions, and former deputy US Treasury secretary under President Bill Clinton.
Will the Russian Jewelry Industry Survive or Not?
12 october 2009
In recent years, the Russian jewelry market has been growing rapidly. But experts argue that this is not because of the wonton development of the Russian jewellery industry, but because of imports. The Yuvelirnye Izvestia tried to find out what is really happening on the Russian jewelry market during a panel discussion.
The Second Wave of Crisis May Start in China
09 october 2009
Currently the economies of the United States and leading countries of the Eurozone, and also Japan, due to their anti-recessionary policy has reached certain stabilization and begins gradual growth. These countries have already announced that the recession is coming to an end and economic results for the third quarter of 2009 are expected to confirm it. As early as March-April, analyzing basic performance of the U.S. and Russian economies, we predicted that the world economy would recover from crisis before the end of 2009. This was confirmed by the gradual growth of the Dow-Johns Index and by the price rise on the raw market, as well as by the change in dollar exchange rates towards other world currencies, first of all to the euro, which was proved that the U.S. economy was beginning to recover from crisis.
DTC Sept. Sight Estimated at $300M
08 october 2009
The Diamond Trading Company (DTC) September sight ended Friday with an estimated value of $300 million as the rough market remained somewhat upbeat, relative to polished, despite the decline in sales.
