May 16, 2018

Russia’s Alrosa sees rosy prospects from colourful diamonds

The global market for polished coloured diamonds is now dominated by Rio Tinto and Anglo American's De Beers. But state-controlled Alrosa aims to compete.

May 16, 2018

LBMA suspends Russian precious metals refinery from ‘good delivery’ lists

The London Bullion Market Association has suspended the Ekaterinburg Non-Ferrous Metals Processing Plant from its gold and silver good delivery lists due to "ownership related issues".

May 15, 2018

Aurubis expects continued strong copper market, confirms outlook

Production of copper cathodes (new metal) in the second quarter rose to 291,000 tonnes from 288,000 tonnes.

May 15, 2018

Historic blue diamond auction exceeds expectations — sold for $6.7 million

The Farnese Blue diamond, which was passed down through European royal families for about 300 years, sold Tuesday for $1.4 million more than the maximum figure experts estimated it would…

May 15, 2018

Anglo American to spin off unit to encourage platinum demand

The World Platinum Investment Council sees oversupply in the platinum market of 180,000 ounces in 2018.

May 15, 2018

Polish miner KGHM’s first-quarter profit down 38 pct on sales decline

Net profit for the first three months of the year stood at 439 million zlotys ($121.08 million), compared with the 453 million zlotys expected by analysts.

May 15, 2018

Rio Tinto says climbing costs, resource nationalism once again big threats

Chief executive Jean Sebastien-Jacques said the challenge for the industry is to ensure the benefits from the past frugal years are not lost against a backdrop of rising oil prices and…

May 15, 2018

Mountain Province hires former De Beers financial chief as president and CEO

Stuart Brown has over 25 years of experience in the diamond industry and is the outgoing Firestone Diamonds chief executive officer.

May 15, 2018

Lonmin tanks as UK competition watchdog looks into Sibanye takeover

By mid-morning, Lonmin shares had lost 5.6% of their value in London, while Sibanye’s were down 4.9% in Johannesburg, even though the companies announced they had received the approval of…

May 14, 2018

Alrosa steps up diamond marketing as miner eyes more cutting

Alrosa has traditionally focused on rough-diamond mining but is gradually changing its business after Sergey Ivanov became CEO a year ago.