News
South Africa mining output falls 12.7% in August on weak PGMs, coal and iron ore
South Africa's mining output declined 12.7% year-on-year in August, according to Statistics South Africa, with platinum group metals, coal, and iron ore accounting for the largest negative contributions.
Today
Aterian expands copper footprint at Azrar project in Morocco
Aterian has identified multiple copper showings and substantially expanded the known mineralisation footprint at the Amane Target of its 85%-owned Azrar Copper-Silver project in Morocco, following initial exploration fieldwork.
Today
Russia’s Ministry of Natural Resources identifies region with largest platinum and palladium deposits
Russia retains second place globally in terms of platinum and palladium reserves, while the largest deposits of these metals are concentrated in Krasnoyarsk Territory, according to the Russian Ministry of Natural Resources.
Today
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
Rupee dilemma
29 march 2022
(smetimes.in) - The Rupee has shed almost 3.5% against the US dollar this year. The currency has remained in a range of 75.50-77 level, since the start of the Russia-Ukraine conflict, and crude oil and commodity prices, and its consequent impact on the current account balance, are likely to continue to put pressure on the currency. Meanwhile, in another negative development Forex reserves have plunged- the steepest in nearly two years- during the week that ended on March 11.
Why Can’t Mined And Lab-Grown Diamond Supporters Get Along?
28 march 2022
(jckonline.com) - Dan Scott is fond of comparing the diamond industry’s two oft-warring factions—supporters of mined diamonds and those who advocate for lab-grown—to a marriage. “When two people get married, they may not share all commonalities, but those differences complement one another and make for a whole relationship,” the cofounder and brand architect of New Jersey–based Luxe Licensing, an agency that consults with jewelry clients, tells JCK. “But when the sides fight, and can’t seem to find common ground, or don’t want to find it, that’s when separation and divorce occurs.”
Palladium price wild rally at risk from recession later this year
25 march 2022
(mining.com) - Palladium’s wild ride following Russia’s invasion of Ukraine is likely not over yet. But this year’s stunning gains are looking fragile on signs exports will be maintained and that demand from automakers could suffer. The metal — about 40% of which is mined in Russia — shot to a record high recently due to nervousness over restrictions on the country’s banks and concern that flight bans would make it difficult to supply global customers.
LME says it has no current plans to ban Russian metal from its system
24 march 2022
The London Metal Exchange has no current plans to ban from its system metal from Russian producers, such as nickel and copper from Norilsk Nickel or aluminium from Rusal, it said on Tuesday, despite calls from some members to do so.
De Beers says security of supply chain a critical precursor to Angola return
24 march 2022
(miningmx.com) - De Beers expects to report progress in discussions with the Angolan government this year regarding a potential investment in the southern African country’s diamond sector. But new investment would turn on whether De Beers could secure comfort on “supply chain logistics”, said Sarah Kuijlaars, the group’s CFO. “We believe there’s opportunity for a mineral contract there, but will only sign something for production if we are really comfortable we can set the same high standards in business principles and our whole supply chain as we have elsewhere in the world,” said Kuijlaars.
