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Palladium price hit the highest in four months, with traders looking to secure supplies amid growing tensions over Ukraine as Russia, the top metal producer, amassed troops near the border. The metal jumped 7.3% to $2,359.79 an ounce on Wednesday, having hit its highest since Sept. 8 at $2,382.82, extending this year’s rally to almost […]

Diamond miner De Beers increased its rough diamond production by 15% year-on-year to 7.7-million carats for the fourth quarter of 2021, reflecting planned higher production to meet strengthening levels of demand. Production from its Botswana operations increased by 23% to 5.2-million carats for the quarter. This was primarily as a result of the planned treatment […]

China’s 2021 gold consumption rose by over a third from the previous year, as its economy rebounded from the coronavirus impact, the China Gold Association said on Thursday. Consumption in the world’s largest gold consumer rose 36.53% year-on-year to 1,120.9 tonnes. It was also up 11.78% compared with consumption in 2019, before the pandemic. “In […]

Emerald mining company Kagem Mining has signed a collective agreement with unions, which will result in employees receiving a 10% increase in basic salary for this year, followed by a further 10% increase for 2023 across the board. The collective agreement follows negotiations between management and representatives of the Mine Workers Union of Zambia and […]

Coal will play a vital role in helping to keep the lights on in Europe this winter even as prices are jumping and lawmakers are doing their best to kill off one of the dirtiest power-plant fuels. Northwest European coal for February rose more than 3% to trade at its highest in three months on […]

Shell’s Graff-1 well has made a “significant” discovery offshore Namibia, Reuters has reported citing three industry sources. The news agency reported that Namibia would make an announcement next week on the results. The well appears to have discovered two reservoirs. One has at least 60 metres of hydrocarbons, with an estimated 250-300 million barrels of […]