Zeb Nickel drilling reveals high gold mineralisation at SA project

Zeb Nickel has found the presence of anomalously high gold mineralisation on the Zebediela Project in Limpopo South Africa. It said gold mineralisation on the project is related to the Pietersburg Greenstone Belt, which hosts the historical Eersteling...

Today

Massive appetite for platinum bullion by North American investors in 2022

Investment products bars and coins guaranteeing the purity of 99.95 per cent are in high demand by North American investors in the year 2022. Investment in platinum bullion also reassures investors in terms of provenance and quality.

Today

India Gem & Jewellery Show is set to garner exponential sales this festive season

The Diwali Edition of the Gem & Jewellery Show (GJS), to be held from 22 to 25 September was inaugurated on 22 September 2022, by the Guest of Honour Shri Rajeev Garg, Joint Commissioner of Income-tax at Bombay Exhibition Center (NESCO)...

23 september 2022

Cancel approval of Jagersfontein open-pit backfilling – geologist

South African Heritage Resources Agency (SAHRA)’s decision to allow the backfilling of the Jagersfontein diamond mining pit with waste from a second compartment of the tailings dam to avoid another dam wall collapse has been opposed.

23 september 2022

India’s C&P diamond export dips by 7.48% in Aug 2022; while rough import increases by 12.49%

The gross exports of Cut & Polished diamonds at $ 1879.74 mn in August 2022 shows a decline of 7.48% as compared to $2031.64 mn for the same month of the previous year, according to data released by the Gem & Jewellery Export Promotion Council of...

23 september 2022

Reduced Russia, scrap supply not enough to halt increase in platinum surplus for 2022

21 september 2022

(miningmx.com) - The World Platinum Investment Council (WPIC) increased its forecast platinum surplus for 2022 to 974,000 ounces following a second quarter surplus of 349,000 oz. The deterioration in the forecast came despite declines in metal supply from Russia and from the recycling sector which was affected by semi-conductor shortages.

The WPIC said in a second quarter report today that the reduction in exchange traded funds (ETF) holdings and exchange stocks also outweighed the benefits of resilient automotive, jewellery and industrial sector demand.

Concerns about global recession, rising interest rates and weaker commodity prices affected investor sentiment. ETF holdings contracted by 89,000 oz albeit significantly less than in the previous quarter. Following this trend, ETF holdings are expected to continue to fall in 2022, declining by a total of 550,000 oz, the council said.