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
Motherlode of gold a mixed blessing for Uganda
19 july 2022
(baystatebanner.com) - The Ugandan government’s recent announcement of a $12 trillion gold discovery has generated a ton of domestic intrigue as well as a bit of foreign skepticism. That’s because the $12 trillion amount is said to exceed the entire market capitalization of all gold ever mined in human history, according to a Canadian-online financial newsletter Pinnacle Digest. That discovery, reported to be 320,000 metric tons, presents an implausible amount considering world production is just 3,000 metric tons annually. The amount of gold suddenly available to be mined in a country slightly smaller than Oregon would, no doubt, create a precipitous reduction in gold value. The mother lode so far has been estimated mainly by airborne satellite but not yet substantiated by underground drilling and the multiple step process necessary to verify the claims. However, Pan-Africanist scholar James Small believes that the satellite technology is most likely a solid indicator of a substantial find whatever its amount.
Viewpoint: The Case of the Chipped Diamond
18 july 2022
(claimsjournal.com) - Diamonds are one of the most coveted gemstones in the world. They symbolize love and commitment, embody strength, and have been represented in ancient and modern lore, poetry, and fiction. While every diamond is unique, there were no terms or factors for diamond quality until the 1940s, when the Gemological Institute of America (GIA) developed a grading system for color, clarity, and eventually cut. Along with carat weight, the “4Cs” of color, clarity, and cut became part of the diamond industry vernacular, and with the help of marketing by De Beers, became part of the language for consumers and jewelers alike.
Buying a $200 Stake in an Argyle Pink
15 july 2022
(idexonline.com) - Investing in diamonds has always been a tricky business. On paper they may seem like an attractive option, especially at a time like this, when the markets are in turmoil and crypto is in freefall. But the thing that sets diamonds aside from precious metals or commodities - the fact that every gem is unique - is also big part of their problem. Rare and precious as they are, diamonds are only worth what a buyer will pay on the day. Just take a look at the difference between the hammer price and the estimates for high-value diamonds at the big auction houses. They can sell for millions of dollars more than expected - or millions less.
IP UNION holds an event at the UN on the practice of applying FPIC in the world
12 july 2022
(news.kmnsoyuz.ru) - A side event, "Agreements between industrial companies and indigenous peoples: experience in applying FPIC and capacity building" was held on Thursday, within the framework of the 15th session of the UN Expert Mechanism on the Rights of Indigenous Peoples.
Amplats’ Viljoen says PGM price resilience is helping firm outpace inflation
11 july 2022
(miningmx.com) - Platinum group metal (PGM) prices had withstood a series of recent crises which would assist Anglo American Platinum (Amplats) in preserving its margins, said the group’s CEO, Natascha Viljoen. “In the short term, yes,” Viljoen said in response to a question as to whether PGM prices have been able to outpace the effect of inflation on the group.
