US Holiday jewelry sales expected to skyrocket

According to Mastercard SpendingPulse, US jewelers can expect revenue from jewelry sales in the US between November 1 and December 24 will grow 59% compared to the same period last year.

17 september 2021

Australia becomes world’s biggest producer of gold for first time

Australia has become the world’s biggest producer of gold for the first time, having played second fiddle to China for the last decade. Australia unearthed 157 tons of gold in the first half of the year, pipping China by four tonnes.

17 september 2021

Nigerian minister mulls death penalty for gold smuggling – report

Nigeria’s deputy minister in charge of mines and steel development has called for the death penalty for gold smuggling in the West African country.

17 september 2021

Gemfields back to black

Gemfields is expected to register a net profit after tax of $23.8-million in the first half of the year compared with the net loss after tax of $56.7-million, a year earlier. Earnings per share are expected to be 2 US cents from a loss per share of 4...

17 september 2021

Debmarine Namibia's new diamond recovery vessel to arrive in SA next week

Debmarine Namibia’s new N$7 billion diamond recovery vessel, Additional Mining Vessel #3 (AMV3), is expected to arrive in Cape Town, South Africa next week ahead of commissioning early next year.

17 september 2021

Is sustainable mining not a contradiction in itself?

14 may 2021

(miningreview.com) - “Anglo American to demerge South Africa thermal coal operations”. This was one of our leading headline stories in early April. It has really made me think about the role of mining in driving a greener economy. If you are familiar with South Africa, Anglo American is one of the dominating coal production companies amongst players like Exxaro Resources, Sasol Mining and South32 (whose assets will soon by fully acquired by Seriti Resources). The “Big Five” account for over 80% of the country coal production. The transition of Anglo American aligns with a bigger ESG commitment in contributing as the remaining business to a low carbon economy that is currently driving investment and key development of existing operations. The word “decarbonisation” has been hanging like a Damocles sword for quite a while now, and the mining industry seems to be catching up and coveting the “best-in-class” performance, after a few hitches that seriously put at stake the reputation of the mining sector and its impact on the future of our environment.