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
1H 2009 Results: ALROSA
05 august 2009
The beginning of 2009 was a period of further expansion of crisis phenomena which brought about a well-marked devaluation of the Russian rouble towards the U.S. dollar. The raw-material priority in the national economy due to a ten-time decrease in oil prices as well as due to a sharp drop in demand for primary goods resulted in a deep crisis in many industries. In late 2008 and early 2009 the Russian diamond complex was also affected by a slump in demand for rough diamonds.
China Replacing India as Premier Gold-Consumer
04 august 2009
For several decades, Indian gold demand has dominated the global gold market, to the point where it's own consumption-cycle became the “seasonal” indicator for gold. As Indian “wedding season” began in the fall, gold typically experienced a surge in the price. In late April or May, as Indian demand dropped off, so too would the price of gold (usually) begin to swoon. However, over the last year, the picture of global demand for gold has changed radically – in several ways.
A New World
03 august 2009
In his annual speech at the JCK Las Vegas show, Martin Rapaport, chairman of the Rapaport Group, analyzed the opportunities and challenges in the marketplace.
Polyus Gold releases preliminary operating results for 1H 2009
30 july 2009
During the period under review the Group produced 14.9 tonnes (477 k oz) of refined gold, compared to 17.4 tonnes (559 k oz) of the metal in the same period of the previous year. The 14% decrease in production resulted from the reduction in the average gold grade of sulphide ore processed at the Olimpiada mine from 4.1 g/t to 3.5 g/t while processing of this type of ores increased from 1.9 million tonnes in the first six months of 2008 to 3.6 million tonnes in the same period of 2009.
De Beers Restructuring May Mean Lower Diamond Prices
28 july 2009
Like a deep, dark, family secret, the jewelry industry doesn’t like to talk about declining diamond prices and diamond mining companies going into default. The reason is since DeBeers abandon their cartel business model in 2001, the industry has refused to accept the fact that diamonds became little more than commodities in a world where supply would now substantially exceed demand.
