News

Metals are breaking new records with copper spiking to an all-time high and nickel surging more than 16%, as soaring energy prices and fears of supply shocks rattled commodities markets amid war in Ukraine. The White House said it’s talking to allies about a possible oil embargo on Russia, triggering a spike in oil prices […]

Gold prices on Monday scaled the $2 000-level for the first time in a year-and-a-half, as investors rushed to the safety of the metal in the wake of an escalating Russia-Ukraine crisis, while supply disruption fears sent palladium to an all-time high. Spot gold was up 0.9% at $1 986.83 per ounce, as of 03:30 […]

The US has imposed sanctions on Alrosa and its CEO, Sergey S. Ivanov, in response to Russia’s invasion of Ukraine. The diamond miner is one of 11 entities the Department of the Treasury has identified as being owned by or connected to the Russian government, according to a Thursday statement. The measures restrict American companies’ […]

Acompany controlled by sanctioned Israeli billionaire Dan Gertler will return mining and oil assets to the Democratic Republic of Congo, the government said. The deal “puts an end to the legal disputes” between Congo’s government and Gertler’s Ventora Group, the presidency said on its Twitter page Friday after Justice Minister Rose Mutombo and the businessman […]

Kuvimba Mining House’s deal with government to take over Ziscosteel gives it the almost impossible task of refiring a steel mill that has been silent for two decades. But the company, which has tried to shake off links to businessman Kuda Tagwirei, took the deal knowing that it is getting some of the richest iron […]

The Israel Diamond Exchange (IDE) has opened an office in Dubai’s Almas Towers to facilitate business for Israeli diamond companies operating in the country. The IDE debuted its new location following the Dubai Diamond Conference. It will be located at the Dubai Diamond Exchange (DDE), inside the Dubai Multi Commodities Centre (DMCC), the DMCC said […]

De Beers lifted prices of smaller rough at this week’s sight, its second consecutive increase, as the industry continued to express concerns about a perceived mismatch with polished. Goods weighing less than 0.75 carats saw price hikes of around 5% at the February sale, while larger items were mostly stable, sightholders and industry insiders told […]

The International Energy Agency’s (IEA’s) Global Methane Tracker, released on February 23, shows that emissions from oil, gas and coal are on the rise again, underscoring the need for greater transparency, stronger policies and immediate action. The new IEA analysis states that global methane emissions from the energy sector are about 70% greater than the […]