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
What a Mature Lab-Grown Diamond Jewelry Market Could Look Like
22 august 2022
(paulzimnisky.com) - After donning 2018 as “the year of the lab-created diamond,” demand for the man-made stones has since continued to steadily grow. At the time, lab-diamonds represented <5% of global diamond jewelry sales, this year the product is expected to breach 10% —and at this pace, 20% is certainly in sight by the end of the decade. The next phase of growth will likely bring upon a newfound level of maturity to the industry shaped by: 1) limitless supply, 2) standard superior quality, 3) branding and proprietary design, 4) and, custom shapes and colors.
The London Metals Exchange has banned Russian nickel from UK warehouses. Does that mean more upside for prices?
19 august 2022
(stockhead.com.au) - The LME has finally moved to ban Russian nickel from being sold into UK warehouses. Experts say the move could put additional upwards pressure on prices. The need for nickel to feed the EV industry will support higher prices long term: Poseidon Nickel’s Peter Harold.
Diamond exploration hits a new low — even as rough prices soar
18 august 2022
(northernminer.com) - There are few things that are more alluring and exciting than a diamond — but one of them is a significant new diamond discovery. Now those are truly rare. In Canada, we haven’t had a significant diamond discovery for years — and the current lack of spending on exploration makes one less likely to happen in the future. Globally, exploration for diamonds has nearly ground to a halt. In Canada last year, coal exploration attracted more spending than diamond exploration ($61 million vs. $50 million), which fell 21% from the previous year, hitting a 20-year low.
Russia Fights Efforts to Declare It an Exporter of ‘Blood Diamonds’
17 august 2022
(nytimes.com) - Russian diamonds have for years been popular with American jewelers weary of the taint of diamonds from African mines — even those far from conflict areas — that consumers could confuse for blood diamonds. But the debate over Russian diamonds is exposing an often-overlooked reality about the effort to rein in the murky $80 billion global diamond industry, which commercializes the deepest of emotions and has spent years working to reassure people that its gems are trustworthy through Kimberley Process certification.
How Global Powers Are Attempting To Overcome The Supply Chains Crisis
17 august 2022
(jingdaily.com) - After imposing strict restrictions in Beijing and putting major hubs like Shenzhen, Shanghai, Jilin, Tianjin, Ruili, and Beihai under lockdown , China’s economy took a major hit, recording its slowest quarterly growth since the start of the pandemic. As such, gross domestic product for the April to June period grew just 0.4 percent compared to the same time last year. To make matters worse, this week Wuhan authorities have locked down the Jiangxia district of 970,000 residents because of four asymptomatic COVID cases. Considering this situation, it is safe to say that the current supply chain chaos will continue throughout the year.
