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
Jeweller has ‘never been more anxious about economic situation’ and forecasts ‘retail Armageddon’
02 august 2022
(professionaljeweller.com) - A Staffordshire jeweller has given her take on the effects this is having on UK companies such as her own, claiming that sales in June were down 43% and that the government needs to do something to ensure the survival of small businesses.
Knotty nickel supply chain highly exposed to fresh shocks
01 august 2022
(mining.com) - The nickel market is hostage to two mercurial players: Russia’s Vladimir Potanin and China’s Xiang Guangda. Both the bosses of Norilsk and Tsingshan have swayed the market for decades. But now the pair’s impact on nickel trading is even more outsized. There are no sanctions on Russian nickel. Canada, Australia placed sanctions on Potanin. The UK followed suit at the end of June. Judging by the lack of market reaction to the announcements, Norilsk’s nickel appears to be flowing freely, with the price dipping below $20,000 a tonne this week for the first time this year. Kwasi Ampofo, Head of Metals and Mining at BloombergNEF, tells MINING.COM that while Russia is responsible for around 9% of global nickel production, its output of class 1 nickel is closer to 20%. That makes it by far the biggest producer globally of nickel suitable for the battery supply chain.
Copper may fall $1,000/t as demand weakens and new mines bolster supply
29 july 2022
(miningmx.com) - The copper price was due for further weakness – possibly as much as 15% off currrent levels, analysts say. However, they disagree on the metal’s prospects for the next two years owing to variances in the extent of supply growth. Copper is trading at about $7,255 per ton representing a 26% decline year-to-date and 29% over the last three months. Cost support for copper including sustaining capital expenditure – the price at which copper needs to be in order for breakeven output – is between $6,000 to $6,400/t. This implies “… more downside from here”, said Morgan Stanley in a recent report.
Why Can’t De Beers and Botswana Reach a Deal?
28 july 2022
(diamonds.net) - With Covid-19 no longer a plausible reason, the industry is starting to suspect that a thorny issue is preventing the miner and the government from finalizing a new sales agreement.
Why Luxury Brands Need to Take Web3 and the Metaverse Much More Seriously
27 july 2022
(jingdaily.com) - Web3 is a decentralized version of the internet. This has profound implications that most brands and managers are still underestimating. As many brands are racing to launch their own metaverse initiatives, it’s critical not to lose sight of what a decentralized internet really means. In Web2, the current iteration of the internet, brands “own” their domain sites and customers can freely access their content, stores, and offerings. Web3 is fundamentally different. It’s a closed environment where soon very few gatekeepers (Apple, Meta, Microsoft) will “own” the customers who are on their platforms.
