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
The truth about market manipulation
09 may 2022
(moneyweek.com) - In March last year, the artist Mike Winkelmann, better known as “Beeple”, sold a digital artwork called Everydays: The First 5000 Days in the form of a non-fungible token (NFT) for $69m at an auction. The buyer merely bought bragging rights, since you or I can keep a copy of the picture on our PC, or print one out. The buyer was Vignesh Sundaresan, a Singapore-based programmer, who paid in the ether cryptocurrency. Sundaresan also owned a huge digital art collection, often acquired for pennies, and has other crypto interests. The result of his record bid was a surge of interest in NFTs: gamblers disguised as investors poured into them. Since then prices have mostly declined. The B20 crypto token, with which Sundaresan was involved and which revolved around fractional ownership of 20 other NFTs by Beeple, has fallen 95%. The never-knowingly-under-hyped art world called the Beeple sale “a defining moment”. To me, it is just another false market. To an extent all markets are false for a variety of reasons.
Palladium One reports near 250% increase in LK indicated resources in Finland
06 may 2022
(canadianminingjournal.com) - Palladium One Mining (TSXV: PDM; OTC: NKORF) has released an NI 43-101-compliant mineral resource update on its 100% owned Läntinen Koillismaa (LK) PGM-copper-nickel project located in north-central Finland. The new resource encompasses three open-pits in the Kaukua area, including an initial resource for Kaukua South and Murtolampi (altogether 210 drill holes totaling 44 km) and one at Haukiaho (84 drill holes totalling about 13,400 metres), located 10 km south of Kaukua. Indicated resources covering the Kaukua area are estimated at 38.2 million tonnes grading 0.61 g/t palladium, 0.22 g/t platinum, 0.07 g/t gold, 0.13% copper, 0.11% nickel and 64.56 g/t cobalt. This represents a significant increase of 248% over the previous indicated estimate. Nearly half (44%) of the total resource at the LK project is now in the indicated category. Inferred resources, contained in both the Kaukua and Murtolampi pit area and the Haukiaho zone, total 49.7 million tonnes grading 0.43 g/t palladium, 0.17 g/t platinum, 0.09 g/t gold, 0.16% copper, 0.14% nickel and 73.98 g/t cobalt, for a 14% increase.
De Beers stands out as the exception to a rough start for the year at Anglo American
05 may 2022
() - Anglo American experienced tougher-than-expected operating conditions in the quarter to end-March which have resulted in reductions in production guidance for the group’s output of iron ore, metallurgical coal and platinum group metals (pgm) for the full year to end-December. Main reasons included high rainfall which hit operations in South Africa and Brazil in particular along with the impact of peak-Covid related absenteeism and “safety and other operational challenges” at the metallurgical coal and iron ore operations.
Are Diamonds A Good Investment: Some Downsides And Mistakes
04 may 2022
(investrecords.com) - If you are an investor, diamonds might be a good choice for you because of the volatile market and rising prices. Diamond prices are more stable than the prices of other jewels. Diamonds that De Beers refers to as “eternal diamonds” are seen as a good investment no matter what happens in the market. Also, you can buy high-quality diamonds in jewellery or expensive jewellery and give it to a relative or pass it on to your heir. This can be seen as an investment, too. Dave, on the other hand, thinks that telling diamond investors about the pros and cons is the best way to avoid costly mistakes. Dave is in charge of the blog, so whether you want to buy diamond jewellery or diamonds in bulk, he’s in charge of it.
Why This Man Feels Responsible Sourcing Is Irresponsible
03 may 2022
(jckonline.com) - On JCK’s New Year’s podcast, I said my 2022 resolution was to talk to more people I disagree with. When I first got in touch with Australian photographer Hugh Brown (pictured at left)—who specializes in taking pictures of artisanal miners—I didn’t think he’d be one of them. But after a long discussion, excerpted here, I decided his skeptical take on “responsible sourcing” was worth printing, even if I didn’t always agree with what he had to say.
