Diamonds Worth $140m Missing in Zimbabwe

The Minerals Marketing Corporation of Zimbabwe (MMCZ) and Zimbabwe Consolidated Diamond Company (ZCDC) reported losing an estimated US$140 million dollars worth of round diamonds from their repositories. The missing diamonds weighed a total of 350,000 carats and were valued at …

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South Korean Steelmaker Ends Partnership with Myanmar Junta

POSCO Coated & Color Steel has announced it would end its partnership with a Myanmar military-controlled firm amidst backlash that its business benefited the military leadership, on Friday.  The South Korean steelmaker  said it would end its business with junta-controlled …

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Copper Industry Investment Needed To Meet Global Demand

The copper industry needs to invest $100 billion by 2030 to close an annual supply deficit of 4.7 million tons as clean power and transport sectors boom. Estimates from CRU Group and Trafigura Group further estimate that the deficit could …

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Colombia and Peru Seek to Centralize Gold Purchasing to Combat Crime and Environmental Issues

The Columbian and Peruvian governments have started discussions on centralizing gold purchases between the two nations, in an attempt to combat illegal and unsanctioned gold sales. On Tuesday Columbian President Ivan Duque said that they are considering the move because …

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