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
Forever, but scarce: Bank of America lifts diamond price forecast amid tightest supply since 2008
01 june 2022
(marketwatch.com) - They may not be an investor’s absolute best friend right now, but diamonds should at least be in that ballpark. That’s according to research from Bank of America, which has lifted its 2022 forecast for prices of the gem by 15%. The rationale is similar to that of many other commodities these days — tight supply and strong demand equals higher prices. Behind that is another set of familiar causes — Russia, China and inflation.
Resources in your old laptop could make cash for “urban miners”
01 june 2022
(marketplace.org) - The volumes of electronic waste in the world are staggering, amounting to many millions of tons. So what do you do with your old laptop or cellphone when you’re done with it? Do you put it in a box in the attic or maybe in the trash? There’s still value in the hardware if you know where to look, and crucially, how to get it out. That’s where “urban mining” — extracting wealth from electronic waste — comes in.
The Great Unsubscribe
30 may 2022
(forbes.com) - Subscription services boomed during the pandemic by offering wary shoppers a convenient way to keep their cupboards stocked, or in the case of meal-kit subscriptions, the ability to recreate restaurant-quality meals at home while many stores and restaurants were closed. Curiosity was a factor too, as consumers had more time on their hands and, in some cases, more money to spend after government stimulus checks arrived. And receiving an unexpected package on the doorstep added a little spice to people’s lives. Now, with in-person shopping opening up and inflation skyrocketing to levels not seen since the 1980s, consumers are looking closely at their monthly expenses and reconsidering subscriptions that they signed up for when times were different.
How Antwerp is struggling with ‘blood diamonds’ from Russia
27 may 2022
(ruetir.com) - According to Merket, who conducts research on behalf of IPIS and the University of Ghent into conflicts in places where natural resources are in the ground, the global diamond world should work together to ban Russian diamonds. “With the US you have the largest consumer market in the world that is turning its back on Russia. If Antwerp participates, you complicate that part as well. Together you have to increase the pressure on India and Dubai. Only then can you have an impact. Belgium always presents itself as a leader for ethical diamonds in the world. Then I think it is now up to the Belgians to proactively set up coordination.” However, the chance of international cooperation being achieved is small. The World Diamond Council (WDC), the organization that represents the industry at the Kimberley Process, does not intend to call for a boycott of Russian diamonds, says Dutch President Edward Asscher. “Then you would run the risk of being accused of cartel formation by Russia. It would mean that we could be held liable for damage suffered by Alrosa. Moreover, a country like India, also a member of the WDC, will never agree.”
SA Govt threats to pull Sibanye-Stillwater mining licences without substance – report
25 may 2022
(miningmx.com) - Sibanye-Stillwater said it would challenge any formal effort by the South African government to have its mining licences withdrawn from its gold mines amid a strike at the operations. The strike over wages has been underway for more than 10 weeks. Tensions rose last week after the South African mines minister Gwede Mantashe – responding to comments Sibanye-Stillwater CEO Neal Froneman made to Miningmx – said he would withdraw the firm’s licences if it did not want to mine.
