News

The dirtiest fossil fuel is still raising-trillions of dollars of funding, despite finance industry pledges to back net zero carbon targets by the middle of the century. Commercial banks have channeled more than $1.5-trillion across the coal supply chain since the start of 2019, according to a report from German researcher Urgewald and its partners. […]

HB Antwerp has launched a partnership with a Botswanan university — the Belgian diamond manufacturer’s second recent foray into education. The company has signed a five-year memorandum of understanding (MoU) with the Botswana International University of Science & Technology (BIUST) in Palapye, HB said Friday. The pair will organize traineeships and scholarships for people in […]

Tensions over Ukraine are entering a critical period, driving up prices of raw materials key to the global economy, and piling pressure on governments already struggling with surging inflation. The US has warned that Russia could attack its neighbor as early as this week, even though Moscow has repeatedly denied it plans to invade. Markets […]

Alrosa plans to make further acquisitions of rough from the Russian state depository later this month as it seeks ways of meeting demand following drops in production. “Like in the second half of 2021, Alrosa will participate in auctions hosted by Gokhran to purchase rough diamonds on behalf of its trusted clients,” a spokesperson for […]

The incoming chairperson of Rio Tinto will review the position of CEO Jakob Stausholm to determine whether he is suitable to lead an overhaul of the company’s toxic work culture, two people familiar with the matter said. Dominic Barton, a former diplomat who takes up the role of chairman in May, could remove Stausholm if […]

South Africa’s mining production decreased by 1.1% year-on-year in December, Statistics South Africa’s data shows. The largest negative contributors were gold (-15.3% and contributing -2.4 percentage points); coal (-8.1% and contributing -1.9 percentage points); manganese ore (-10.8% and contributing -1.1 percentage points); and iron-ore (-7.4% and contributing -1.0 percentage point). Platinum group metals, or PGMs […]