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International Media Resource Articles

Rock & Ruler: Golconda’s Trail of Diamonds – by Amrita Amesur (Sarmaya – June 17, 2021)

https://sarmaya.in/

What the chain of diamonds trickling from the marketplaces of Golconda tells us about the dynasties that branded and traded, and won and lost them

When it comes to diamonds, they say, nothing surpasses Golconda. Before the current problematic era of Blood diamonds, Golconda’s rocks shone the brightest. The only known source of the stone till the early 18th century, the mines of Golconda produced diamonds unparalleled in their ability to spawn legends and bewitch the beholder.

These mines put the gem on the world map and marked India as the original home of the adamas, the Greek root word for this indestructible jewel. For this reason, Golconda’s ancient mines, pre-dating dynasties of the last two millennia, were a source of wealth and influence for the powers that controlled them through the ages.

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Northern leaders to build Arctic that lasts – by A. J. Roan (North of 60 Mining News – April 25, 2024)

https://www.miningnewsnorth.com/

Alaska Gov. Mike Dunleavy and Yukon Premier Ranj Pillai discuss the roles they can play to uplift northern neighbor jurisdictions.

ANCHORAGE, Alaska: With an air of joviality and high rapport, Alaska Gov. Mike Dunleavy and Yukon Premier Ranj Pillai participated in a plenary discussion hosted during the 2024 Arctic Encounter Symposium to converse on the potential for closer partnerships and improving the cross-border relationship that has existed between northern neighbors Alaska and Yukon for decades.

Held at the Dena’ina Civic and Convention Center in downtown Anchorage, the 2024 Arctic Encounter Symposium celebrated not only the rich and diverse cultures throughout the northern hemisphere but also its 10th anniversary as the largest Arctic-focused conference in the United States.

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INSG’s latest forecasts cold comfort for nickel producers – by Andy Home (Reuters – April 25, 2024)

https://www.reuters.com/

London, April 25 (Reuters) – Nickel has rallied hard this month, clawing back some of the territory lost during its relentless price slide over the course of 2023. London Metal Exchange (LME) three-month nickel touched $19,775 per metric ton on Monday, the highest it has traded since September last year.

Last at $19,045 per ton, nickel is up by 15% since the start of the year, the third strongest performance after tin and copper. Sentiment has improved as low prices have exacted a rising toll on nickel producers. Multiple operators have closed or curtailed capacity due to the rapid rise of lower-cost Indonesian production.

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Diamonds won’t be forever unless miners make them sparkle – by John Gapper (Financial Times – April 26, 2024)

https://www.ft.com/

The natural jewels have lost their old mystique because carbon crystals can be grown in labs

Diamonds of the kind that come from mines, not laboratories, got a fine endorsement last week from LVMH, the French luxury group that owns Bulgari and Tiffany & Co. “When it comes to jewellery, we use natural diamonds . . . The most beautiful jewels are, in our opinion, the natural ones,” said Stéphane Bianchi, LVMH group managing director.

This was a nice sentiment but it did not, strictly speaking, make sense. Lab-grown diamonds not only look the same as solid carbon crystals formed in deep earth millions of years ago but are physically identical. Beauty must be in the eye of the beholder to justify paying far more for one than the other.

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In Donlin lawsuit, Murkowski, Sullivan and Peltola come to mining project’s defense – by Nathaniel Herz (Anchorage Daily News – April 24, 2024)

https://www.adn.com/

Alaska’s three-member, bipartisan congressional delegation is siding with boosters of the major proposed Donlin mine in an ongoing lawsuit filed by tribal governments that seeks to invalidate the Southwest Alaska project’s federal environmental approvals.

Republican U.S. Sens. Lisa Murkowski and Dan Sullivan and Democratic U.S. Rep. Mary Peltola, in documents filed in federal court late Tuesday, called the proposed Southwest Alaska mine one of the state’s “most important and necessary economic development projects.”

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What’s Causing China’s Diamond Slump? – by Avi Krawitz (Rapaport Magazine – April 24, 2024)

Home

In mid-2023, as China’s real-estate crisis lingered, property firms started to offer gold bars as an incentive to buy their apartments. Unlike real estate, gold is perceived to hold its value, the theory went. Then again, companies also presented new cars, cell phones, free decorations and parking lots to woo customers and boost sales.

Their efforts bore little fruit, however, as supply continued to outweigh demand. Housing starts have fallen by more than 60% relative to pre-pandemic levels, according to a February Report by the International Monetary Fund (IMF).

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Nornickel moves production to China to circumvent sanctions – by Thomas Nilsen (Barents Observer – April 24, 2024)

https://thebarentsobserver.com/en/

War sanctions bite hard on Russia’s Arctic mining and metallurgical giant producing nickel and copper on the Kola Peninsula and in Norilsk.

Vladimir Potanin, the main shareholder of mega-polluter Nornickel, admits in a remarkable statement with Kremlin’s information agency Interfax that Western sanctions reduces the company’s revenue by up to 20%.

To circumnavigate sanctions, Potanin says Nornickel plans to establish a joint venture with a Chinese company and move parts of the copper smelting to China. It was earlier in April that the United States and United Kingdom imposed sanctions on nonferrous metals from Russia.

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The nickel price crash and the road to recovery in Australia – by Annabel Cossins-Smith (Mining Technology – April 23, 2024)

https://www.mining-technology.com/

Miners in Australia are feeling the brunt of the global nickel price crash, from mine closures to forecast reductions and government intervention. How did things get so bad and is recovery possible? Annabel Cossins-Smith investigates.

The global nickel market has been volatile for years now. The price rollercoaster of 2022 saw prices for the metal soar, plummet and then soar again in the space of eight months. This instability prompted the London Metal Exchange (LME) to suspend nickel trading altogether in March 2022, when global prices initially rallied more than 250% in one day, and later to begin “enhanced monitoring” of nickel to ensure trading activity was fair and to prevent market distortion.

More recently, the nickel market has experienced an unprecedented, drawn-out price slump that has put operations around the world – and particularly in Australia – in jeopardy. A significant oversupply of cheap, low-grade nickel pig iron (NPI) coming almost entirely from China and Indonesia, is the key cause of the price slump. Combined, the two countries produce around 70% of the world’s nickel. Indonesia alone accounted for roughly half of global production in 2023, which is expected to rise significantly by the end of the decade.

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In Portugal’s Rural North, Communities Are Resisting Lithium Mining – by Marta Vidal and Diana Takacsova (New Lines Magazine – April 24, 2024)

https://newlinesmag.com/

The remarkable heritage and ecology of Barroso are at risk amid an EU push to secure minerals for a ‘green transition’

As the sun begins its gradual descent in the mountains of Barroso, in northeast Portugal, it casts golden hues upon the region’s vast pine and oak forests. The air fills with the gentle hum of bees collecting nectar from the heather that blankets the rugged landscape in swaths of vivid purple and pink.

August is the peak season for honey, when the heather is in full bloom. Carlos “Libo” Goncalves is as busy as his bees. After taking his horses up the oak-studded hills that surround the village of Covas do Barroso, he dons his protective gear and hurries to the hives he has spread across his village’s common lands.

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UK puts its defense industry on ‘war footing’ and gives Ukraine $620 million in new military aid – by Vanessa Gera and Sylvia Hui (Associate Press – April 2024)

https://apnews.com/

WARSAW, Poland (AP) — The U.K. prime minister said Tuesday the country is putting its defense industry on a “war footing” by increasing defense spending to 2.5% of GDP by the end of the decade, and pledged to send arms worth 500 million pounds ($620 million) to Ukraine.

Prime Minister Rishi Sunak described the increase as the “biggest strengthening of our national defense for a generation.” “In a world that is the most dangerous it has been since the end of the Cold War, we cannot be complacent,” Sunak said at a news briefing alongside NATO Secretary General Jens Stoltenberg during a visit to Poland. “As our adversaries align, we must do more to defend our country, our interests and our values.”

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Poland ready to host US nuclear weapons, Duda says – by Brad Press (The Hill – April 22, 2024)

https://thehill.com/

Polish President Andrzej Duda says Poland is ready to host U.S. nuclear weapons, saying the topic was one of frequent discussions between Warsaw and Washington.

Duda told Polish tabloid Fakt in an interview published Monday that Russia is increasingly militarizing the Kaliningrad province between Poland and Lithuania and has relocated tactical nuclear weapons to ally Belarus. “I must admit that when asked about it, I declared our readiness,” the Polish president said of talks with U.S. officials.

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Are lab-grown diamonds as sustainable as advertised? – by Leah Sarnoff (ABC News – April 23, 2024)

https://abcnews.go.com/

Over 60% of lab-grown diamonds are produced in China and India.

The natural diamond industry has been fueled by a glittering marketing strategy for decades, but is the sustainability of modern, lab-grown diamonds as clear-cut as consumers believe?

Since De Beers Group’s 1940s “a diamond is forever” advertising campaign, dubbed by Advertising Age as the “slogan of the 20th century” in 1999, the natural diamond industry exploded into a multi-billion-dollar industry and cemented itself into modern culture.

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US advances review of Nevada lithium mine amid concerns over endangered wildflower – by Scott Sonner (Associated Press – April 23, 2024)

https://apnews.com/

RENO, Nev. (AP) — The Biden administration has taken a significant step in its expedited environmental review of what could become the third lithium mine in the U.S., amid anticipated legal challenges from conservationists over the threat they say it poses to an endangered Nevada wildflower.

The Bureau of Land Management released more than 2,000 pages of documents in a draft environmental impact statement last week for the Rhyolite Ridge mine. Lithium is a metal key to the manufacture of batteries for electric vehicles — a centerpiece of President Joe Biden’s “green energy” agenda.

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Gemfields sapphire miners relieved as Queensland government halts small-scale mining claim reforms – by Jasmine Hines (Australian Broadcasting Corporation – April 18, 2024)

https://www.abc.net.au/

When Amber Betteridge moved her family to Queensland’s Gemfields to hunt for sapphires, she never imagined she’d become locked in a “David versus Goliath” fight against the Queensland government.

Soon after she arrived, the state government put forward a proposal to limit small-scale mining claim tenures to 15 years to crack down on people living on claims without mining them. It was a nightmare for Ms Betteridge, who wanted certainty for her young family.

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Indonesia’s grand ambition to become an EV leader rests on nickel mining boom – by Yvonne Lau (Canada’s National Observer – April 19, 2024)

https://www.nationalobserver.com/

The Kawasi people of Indonesia’s Obi Islands have long fished for tuna, red snapper and grouper, and grown coconut, cashew and clove trees. But some village residents say their land and water have been destroyed and the quality of life has plummeted in the years since Harita Nickel, the $5-billion arm of Indonesian conglomerate Harita Group, started mining, refining and processing nickel in their backyard.

“We lost our plantation land to grow crops for our survival and future generations. We lost the right to express our opinions. The water has become cloudy, with white foam coming out of the pipes. We see that the fish are dying. Residents are now being monitored for skin diseases, coughing and sore eyes,” according to 36-year-old Nurhayati Jumadi, a mother of two and lifelong resident of Kawasi village with about 4,500 people.

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