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
South Africa accounts for half of mine deaths among ICMM members in 2021
16 august 2022
(miningmx.com) - The International Council on Mining & Metals’ (ICMM’s) Safety Performance Report for 2021 doesn’t make pleasant reading for South Africa’s mining sector with about half of total member fatalities recorded in the country. South African member companies registered a total of 22 fatailities last year with the US comprising for four of the total 43 recorded. This compares to 44 total fatalities in 2020 and 287 in 2019 owing to the losses as a result of the Brumadinho tailings dam collapse.
Northam Platinum is a good bet for investors who think PGM prices peaked in 2021
15 august 2022
(miningmx.com) - A share that hasn’t been much talked about for its investment prospects is Northam Platinum, according to a recent article in the Financial Mail. The platinum group metal (PGM) company is embroiled in an increasingly hostile race with Impala Platinum (Implats) for control of Royal Bafokeng Platinum (RBPlat) – a narrative that has been running since November and is set to continue its next chapter at a Competition Tribunal hearing.
Investors remain ‘cautiously optimistic’ about platinum’s future
12 august 2022
(miningweekly.com) - Platinum and palladium prices have been heavily influenced by high inflation this year, with financial markets remaining concerned about higher interest rates and real rates of growth. Research and consultancy company CPM Group on July 27 presented a market outlook presentation for the two platinum group metals (PGMs), highlighting that the Ukraine conflict had also influenced PGMs pricing.
Nornickel to build new transportation routes to ease logistic challenges
11 august 2022
(helsinkitimes.fi) - Russia's Norilsk Nickel has pondered an alternative to European transport routes to sea routes across the Arctic Ocean and the development of ports in Africa. One of the largest producers of nickel, copper and other metals in the world, Russian Norilsk Nickel, which is not under broad international sanctions, is thinking about changing its traditional transportation routes from European to Asian ones.
The history of Australian diamonds is a story of stock-market booms and battles
10 august 2022
(themandarin.com.au) - The search for diamonds in the Kimberley followed hard on the heels of Australia’s notorious Poseidon boom, in which nickel explorer Poseidon NL’s share price rose from 50 cents to an extraordinary $280. That rise also lifted other mining stocks. Chancers rushed to launch businesses and investment funds that had dubious prospects, but the music soon stopped.
