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
Globalization is dead and that will lead to higher gold prices - abrdn's Minter
18 april 2022
(kitco.com) - Russia's war in Ukraine has fundamentally changed the geopolitical landscape. According to one market analyst, globalization is dead and that will create a positive environment for gold. In a recent telephone interview with Kitco News, Robert Minter, director of ETF Investment Strategy at abrdn, said even if Russia stops its invasion of Ukraine, it is unlikely that globalization trends will go back to peak levels seen just a few years ago. Domestic supply chains will lead to higher prices for finished goods, keeping inflation pressure elevated for the foreseeable future, he said.
Interview With Lusix Chairman Benny Landa
15 april 2022
(jckonline.com) - One of the richest men in Israel, Benny Landa (pictured) was named Globes‘ “entrepreneur of the decade” in 2016. After making his name in digital printing, he’s gone on to found and fund a number of businesses, including Lusix, which produces lab-grown diamonds. Here, Landa talks with JCK about why he got into lab-grown diamonds, where he thinks prices and the business are going, and what his company brings to the market that’s different.
Self-purchase marks special moments in a woman’s life
14 april 2022
(timesofindia.indiatimes.com) - Women today globally are breaking the bias and celebrating their achievements and personal growth by treating themselves with small gifts or experiences. The ongoing changes in global society and regional cultures is resulting in new tastes and empowerment among in women. In the world of jewellery, we also see this change; diamonds have become a visible symbol of a woman’s independence. These modern women have evolved to filter out what is meaningful and holds value. Apart from receiving gifts, a woman of today, enjoys purchasing her own diamond jewellery to mark a special moment in her life. Jewellery signifying self-expression of independent women are proving to be game-changers in the diamond industry. Over the past few years, we have seen a change in the purchasing power of women and they have become more inclined to purchase jewels that are meaningful and have enduring value.
Palladium shortage triggers waves of catalytic converter thefts
13 april 2022
(marketplace.org) - Palladium is a rare and precious metal that’s used in jewelry, dentistry, flutes and in the catalytic converters that are part of car exhaust systems. Avo Bagramyan, who runs Avo’s Automotive in Los Angeles, said he’s been getting a special kind of call recently, and a lot of them. “I’ll get a phone call and someone will be like, ‘Hey, I went to go start my car this morning, and it was very, very loud.’ And right away, we can make the determination that, ‘Hey, you know, it was a catalytic converter theft,'” Bagramyan said.
Master Drilling CEO Danie Pretorius believes the massive global uncertainty makes it advisable to defer a dividend decision until more certainty exists
12 april 2022
(miningmx.com) - Business is booming for contract raise boring and drilling group Master Drilling but management continues to take a cautious outlook despite predicting a “bull run” for its operations and has not declared an annual dividend. According to Pretorius: “The massive global uncertainty caused by the recent outbreak of hostilities between Russia and Ukraine, and by the current and potential further responses of various countries to this situation, makes it advisable to defer a dividend decision until more certainty exists regarding how this situation and its possible consequences may unfold."
