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
Investing During the Crisis: Palladium
02 may 2022
(energyindustryreview.com) - Although palladium is the most notorious in the automotive, chemical, or dental industries, in the eyes of the general public it is yet the least known, and also the least traded. Investing in palladium means choosing a rare metal that can serve as a monetary reserve in the face of economic crises. Its lack of popularity, compared to gold, allows profitable and sustainable investments at prices equivalent to those of gold.
Russian Diamonds: The Prisoner's Dilemma
29 april 2022
(idexonline.com) - According to Erez Rivlin, the author of the article published on idexonline.com, now, after almost two months passed since the beginning of Russia's military operation in Ukraine, it is possible to start identifying the new forces that will redefine the new equilibrium of the diamond industry. "When we zoom out for a global perspective, we are witnessing a big split in the diamond and jewelry industry", he said. "On one side are those that have no Russian Dilemmas anymore. Russian diamonds are far from being the core activity of Signet, LVMH, Cartier or any other jewelry corporations. The members of this group, that also includes many diamond manufacturers, understand very well the damage that their business could sustain from the jaws of regulators and harmed reputation. Therefore, even though several members had endured limited losses, the No-Russian-Dilemma group cut all ties with any Russian diamond firms and with Russia in general.
On the other side of the Big Split are all the entities whose core operations depend on the supply of Russian diamonds. This Russian Dilemma group has a lot to lose if it accepts full sanctions on all Russian diamonds, and for some it could even risk the continued existence of life-long family businesses."
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How will the Russian refinery ban affect palladium’s price?
28 april 2022
(capital.com) - As a result of London recently halting the trade of freshly refined Russian palladium and platinum from two state-owned refineries – the Prioksky and Krastsvetmet plants – investor anxieties regarding supply shortages have once again resurfaced, boosting palladium prices even higher.
Russian sanctions unsettle diamond power politics
27 april 2022
(mmegi.bw) - Sanctions or similar actions taken at KP level would involve all diamond producing nations taking a stand on Russia and effectively blacklisting its stones by listing them as “blood diamonds”. That action, however, is nearly impossible, diamond industry experts say.
Metals world agonizes over war but keeps buying from Russia
26 april 2022
() - Last month, 13 copper-industry representatives at the London Metal Exchange were asked whether Russian metal should be blocked from its warehouses. Ten of them said “yes.” But when advisory groups for nickel and aluminum discussed the same question, the general consensus was “no.” The LME, which is the ultimate decision-maker, says it won’t take action that goes beyond government sanctions — which, so far, have left most of the metals industry untouched.
