Mali approves African Gold environmental permit for Kobada project

Mali’s ministry of environment has approved African Gold’s environmental and social impact assessment (ESIA) for the Kobada gold project and issued an updated environmental permit.

Today

Exchange rate mismatch costs Zim miners – report

Mining companies operating in Zimbabwe are losing 20% of their export earnings due to the exchange rate mismatch, according to media reports citing a survey commissioned by the country’s chamber of mines.

Today

Hong Kong’s Kunming Diamonds wins Rio Tinto’s final rare Argyle™ blue diamonds

Rio Tinto’s entire 2021 ‘Once in a Blue Moon’ Tender collection of 41 lots of carefully curated Argyle blue and violet diamonds, has been won by a single bidder, the Hong Kong fancy coloured diamond specialist, Kunming Diamonds, as per a press release...

Today

Implats makes nonbinding indicative proposal to acquire RBPlat

Impala Platinum (Implats) has made a non-binding indicative proposal to acquire 100% of the issued ordinary shares of Royal Bafokeng Platinum (RBPlat).

Today

Petra reduces net debt to $208mln

Petra Diamonds has reduced its consolidated net debt to $207.6 million as of 30 September 2021, from $228.2 million at the end of June 2021. The company’s debt was $692.3 million as of 30 September 2020.

Yesterday

Rapaport Weekly Market Comment

11 january 2021

(diamonds.net) - Diamond trade ends challenging 2020 with 1 ct. RAPI +5.8%. Firm polished prices reflect inventory decline after significant drop in manufacturing and rough sales. Optimism for 1Q as jewelers and dealers seek goods following the holiday season. Retail outlook still cautious amid spike in global Covid-19 infections. Lockdowns may curb jewelers’ inventory replacement efforts. Rising expectations for China jewelry sales ahead of Feb. 12 lunar festival. Tiffany & Co. Nov./Dec. sales +2%, Asia Pacific +20%, Americas -5%, e-commerce up more than 80%. Titan Company jewelry sales +15% during 3Q Diwali period. Russia resumes KP chairmanship after 2020 meetings suspended.