"Downtime is a billion-dollar problem for the industry as unplanned outages can cause the industry to lose up to 10% of production time a year”
Belgium Mining News
The diamond industry must go beyond just lip service and meaningful measures to bring itself into line with international standards.
Nyrstar's CFO Michel Abaza said that no decision had yet been taken on how to tackle the company's debt levels but that the board would come back with a decision in the coming months.
The plunge is a result of lower zinc treatment charges, rising energy prices and higher operating charges.
"Screamingly bullish" is how analysts at Citi described the Shanghai Zinc market earlier this month.
Belgian zinc producer Nyrstar issued a profit warning last week, citing "adverse market conditions".
The plant is the first of its kind built by Umicore in Europe and comes as the European Union is trying to develop EV battery manufacturing in the bloc.
The DIVA museum has a butler that allows visitors to peek inside various rooms where precious treasures are kept.
Whether we’re discussing the ancient merchants that traversed the legendary Silk Road, or the transfer of goods across modern border lines, trade has always been about building close relationships.
Risk aversion is back in the marketplace Tuesday, following the terrorist attacks in Belgium's capital.
The 64-year-old American-Belgian citizen has become the first businessman ever arrested for suspected involvement in the illegal trade of “blood” diamonds.
The company now expects earnings before interest, tax, depreciation and amortization, which is a more closely watched metric than net income in the steel industry, to be between $6bn and $7bn.
Belgian authorities are hoping they have made a major breakthrough in solving a heist of diamonds and gems worth some 40 million euros ($42 million) at Brussels' international airport two years ago.
New evidence has emerged of China's interest in digging for oil, gas a minerals in the frozen continent.
The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year.
A year after an export ban on raw gems in the country, reports show its diamonds are being sold to traders from Sudan to Belgium.
Costs and challenges for mining the Arctic, meanwhile, on their way up.
In the 30 years Rio Tinto's Argyle Pink Diamonds have been tendering the rare gems, only 13 red diamonds have been brought in.
The plunge in iron-ore prices is damping profits at the firm’s mining unit.
The world's largest diamond miner by market value said it will adopt a more flexible sales approach.
Sector now delivering some of the healthiest returns for many of the world’s biggest miners, including Rio Tinto and Anglo American.
While Russia can always sell its diamonds at other trading centres, Antwerp will likely be left scrambling to find a new source of the coveted gems.
Despite billions spent on exploration, only around 30 significant diamond mines are currently in production.
Money laundering, terrorism financing diamond trade in India, Israel, Belgium, Canada and the US — report
Global diamond trade is being used to launder illegal funds worth millions of dollars, claims polemic study.
A steady diamond demand in Europe, paired with an ever growing appetite for these precious stones in China and India, are to blame, says Alrosa.