US sanctions Russia, including Alrosa and its CEO. No sanctions on doing business with Alrosa but banking system shut down. Significant supply disruptions expected to impact market. Alrosa is the largest rough producer with 2021 sales of 45.5M cts. for $4B, profits of $834M. Diamond trading robust, but sentiment weakened by economic and geopolitical uncertainty. 1 ct. RAPI +5.6% in Feb. despite co...Read More

RAPAPORT... Alrosa has voluntarily stepped down as vice chair of the Responsible Jewellery Council (RJC) in light of Russia's war in Ukraine, the standards authority announced Thursday.The diamond miner will also leave the organization's board of directors temporarily, the RJC noted. The decision was "communicated" to the board during a meeting on Thursday, it added. Alrosa declined to commen...Read More

The Ministry of Mines and Energy authorised the restart after it completed a consultation process with the indigenous Maya Q'eqchi' people, which was ordered by the Constitutional Court in June 2020.Read More

(IDEX Online) - Two former employees have been cleared by a court in Namibia of stealing marine diamonds worth $420,000 from a Debmarine vessel.   The main prosecution witness against Emmanuel Shikololo and Rodney Klim, both aged 48, did not give a credible account, said the judge at Windhoek High Court.   Klim was alleged to have reported a blockage in the vessel's vacuum air trans...Read More

The first in a series of webinars on the future of diamonds looks at sustainability: What is it, and why does it matter?...RAPAPORT... Sustainability has emerged as a key driver of business strategy in recent years, growing from the need to protect the planet, uplift communities and ensure that products and services make a positive contribution to society. But what is driving this interest? A...Read More

The motion received 13 votes in favour with three against and three abstentions.Read More

RAPAPORT... Lucapa Diamond Company has upped its total revenue forecast for the Merlin mine over the next 14 years amid the increase in rough prices.The Australian miner reevaluated its outlook based on the strong demand and low supply scenario currently playing out in the market, which has led to a 42% surge in the price of rough diamonds, it said Thursday.Revenue for the life of mine will come t...Read More

RAPAPORT... Alrosa has highlighted concerns about the impact of the US's punitive measures after reporting its strongest annual earnings in five years.Revenue jumped 51% to RUB 326.97 billion ($2.99 billion) in 2021 as the diamond market recovered from the previous year's downturn, the Russian miner reported Wednesday. This drove net profit to RUB 91.32 billion ($834 million), almost triple 2...Read More

Citing data compiled by S&P Global Market Intelligence, Mazumdar observed that copper exploration budgets in Canada, the USA and Australia saw a significant increase in 2021 to some US$855 million of the $2.3 billion global spend, although the countries are not large copper producers.These three countries have historically attracted 30% of exploration spend, but this has now jumped to 40-45%."...Read More

RAPAPORT... Australian miner Odessa Minerals has applied for two licenses to explore an alluvial deposit south of the defunct Argyle mine, believing it holds diamond "runoff" from the famed site.The Argyle South area is a 40-kilometer channel that carried diamonds from eroded Argyle kimberlite pipes through multiple drainage systems toward Lake Argyle, Odessa said last week. Previous exploration o...Read More

The company received approval from the Senace environmental authority for a programme of investments which include increasing the plant throughout from 145,000 tonnes per day to 152,250tpd as theRead More

Alma Metals seeks the future of copper in AustraliaSPONSOREDalma metalsBattery materials poised for another strong year in 2022SPONSOREDwood mackenzieShorrocks vies to repeat Bellevue, Auteco successes at CygnusSPONSOREDcygnus goldTrigg buoyed by scoping study, SOP priceSPONSOREDtrigg mining The latest list, released by the United States Geological Survey, contained 15 more commodities than t...Read More

"We are proud to be awarded these grants for the second time, which validates the company's bold exploration strategy exploring the northern, covered extension of the Macquire Arc, Australia's premierRead More

A Preliminary Economic Assessment (PEA) is the first opportunity an exploration/development mining company can provide to the market an independent assessment of the potential economic value of the company's mineral resource. A PEA is preliminary in nature and can include inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them...Read More

Since its 1988 float on the London Stock Exchange, Anglesey Mining has strived to bring modern, underground mining to the Parys Mountain project on the isle of Anglesey, which is off the north coast of Wales.The site was once home to the world's largest copper mine, but price fluctuations, economic crises and a diversification into Canadian iron ore projects meant that it remained undeveloped. How...Read More

The focus on the London Metal Exchange on the morning of Tuesday March 8 is the short squeeze that has sent the nickel market wild - prices were up by over 100% at one stage on Tuesday morning from Monday’s close, at $101,365 per tonne, this after Monday’s 72.7% rise.• Nickel experiencing panic short-covering as some major longs, shorts battle it out• Russia threatening to cut...Read More

London and Shanghai Metal Exchange base metals prices, with the exception of lead, were higher again on the morning of Thursday March 3, building on the gains seen earlier in the week as the markets adjust to the loss of supplies from Russia.* Spot Brent crude oil trading at more than $118 per barrel* US Federal Reserve gave more clarity over its interest agenda, focus on inflation* Western divest...Read More

London Metal Exchange base metals prices and spot gold were consolidating in London on the morning of Wednesday March 2, following average gains of 2.6% across the base metals on Tuesday as the market prepared for likely supply losses from Russia.* United States 10-year treasuries rates were recently at 1.73%, down from more than 2% on Friday, as haven demand rises* Spot Brent crude oil trading at...Read More

In a relatively short time, Ero Copper has emerged as a returns-oriented, eco-friendly Brazilian copper producer with a funded growth trajectory to firmly establish itself as a mid-tier company.Ero posted record copper production in 2021 from its Mineração Caraíba SA (MCSA) complex in Bahia, Brazil, of 45,511 tonne of copper in concentrate, which surpassed guidance. The MCSA c...Read More

Base metals prices were little changed but mixed on the London Metal Exchange, while those on the Shanghai Futures Exchange were for the most part weaker on the morning of Friday February 25, perhaps suggesting that China is expecting to see more metal from Russia.* US equities recovered early losses on Thursday...* ...this has provided some stability to markets on Friday morning* Spot Brent crude...Read More