Latest news with #KPCS
Time of India
23-05-2025
- Business
- Time of India
Earth made, ethically mined: The untold sustainability story of natural diamonds
There is something eternally poetic about a natural diamond. Born deep within the earth over billions of years, shaped by immense pressure and time, each gem is a crystallised testament to nature's artistry. With their incomparable brilliance and timeless allure, natural diamonds have long been the chosen emblems of love, legacy, and triumph, adorned by queens, passed down through generations, and treasured in cultures across the world. They are not merely ornaments, but heirlooms of history. In recent years, however, the diamond narrative has shifted. Many consumers have been led to believe that artificial alternatives are a cleaner, more responsible choice. While technological or lab-grown diamonds may offer affordability, the assumption that all natural diamonds come at a social or ecological cost is increasingly being challenged by responsible industry leaders. According to a 2023 analytical report by the Natural Diamond Council (NDC), titled Diamond Facts: Addressing Myths and Misconceptions About the Diamond Industry 1 , 'Laboratory-grown diamonds may not always be as sustainable as some claim. The manufacturing process, which lasts a few weeks, is energy-intensive, requiring temperatures similar to 20% of that of the Sun's surface. Over 70% of laboratory-grown diamonds are mass-produced in China and India, where 62% and 74% of grid electricity is generated from coal.' Leaders of change: Mines and markets Innovative companies around the world are integrating blockchain technology to ensure full traceability of diamonds—from mine to market. Countries such as Canada, Botswana, and Namibia are widely regarded as pioneers in ethical diamond production. Botswana, in particular, stands out for its model of diamond-led development, reinvesting a substantial portion of its diamond revenues into public infrastructure, healthcare, and education, demonstrating how resource wealth can empower rather than exploit. What Is the Kimberley Process Certification Scheme (KPCS)? The Kimberley Process Certification Scheme (KPCS) is an international initiative launched in 2003 to prevent the trade in conflict diamonds—rough diamonds used to finance armed conflict against legitimate governments, particularly in parts of Africa. Certification System: Every shipment of rough diamonds exported from a participating country must be accompanied by a Kimberley Process certificate, confirming the diamonds are conflict-free. Membership: The KPCS includes over 80 countries, representing the vast majority of the global diamond trade. It involves governments, industry stakeholders, and civil society organisations. Reform and new beginnings Leading market players are at the forefront of this movement, procuring and offering only ethically sourced and sustainably mined natural diamonds. These are stones that carry not only natural brilliance but a provenance rooted in fair labour, ecological care, and community upliftment. In response to international outcry, the Kimberley Process Certification Scheme (KPCS) was established in 2003 to stem the flow of conflict diamonds, marking a significant milestone in the journey towards ethical sourcing. What makes a diamond ethical? An ethically sourced natural diamond typically meets several key criteria: Conflict-free certification Responsible mining practices that minimise environmental damage Fair labour conditions, including safe working environments and living wages Community reinvestment, ensuring mining revenues benefit local populations Sustainably mined diamonds also prioritise land reclamation, carbon neutrality, and low-impact water usage, signalling a departure from exploitative, traditional extraction methods. References:
Globe and Mail
31-03-2025
- Business
- Globe and Mail
Lipari Mining Starts Trading on Cboe Canada
Toronto, Ontario--(Newsfile Corp. - March 31, 2025) - Lipari Mining Ltd. (Cboe CA: LML) (formerly Golden Share Resources Corporation) ("LML" or the "Company") is pleased to announce that its common shares have commenced trading today on the Cboe Canada Inc. stock exchange under the symbol "LML." "Listing on Cboe Canada marks a major milestone in our company's growth. Cboe's local expertise, but global footprint provides access to investors worldwide, allowing us to broaden our shareholder base and increase our market visibility," said Ken Johnson, President and CEO of Lipari Mining. "We are proud to take this step, as enhanced liquidity and exposure will support our strategic objectives and drive long-term value for our investors." About Lipari Mining Ltd. Lipari Mining Ltd. is a Canadian diamond company, which operates the Braúna diamond mine in Brazil, and is developing its advanced-staged Tchitengo diamond property in Angola. The Company works together with the local communities in which it operates to ensure that its operations support positive and sustainable initiatives with minimal environmental impact. Lipari's shares are listed for trading on the CBOE Canada exchange and trade under the symbol "LML". All of the natural diamond production from Lipari's operations are produced and exported in accordance with the Kimberley Process Certification System ("KPCS") which imposes strict requirements on producers to enable them to certify their shipments of rough diamonds as "conflict-free" and prevent illegally produced diamonds from entering the legitimate trade. Forward Looking Statements This press release and the documents incorporated by reference may contain "forward-looking statements" regarding the Company. These forward-looking statements are made as of the date of this press release and, the Company does not intend, and does not assume any obligation, to update these forward-looking statements, except as required by law. These forward-looking statements include, among others, statements with respect to: the Company's plans, objectives, expectations, anticipations, estimates and intentions. All forward-looking statements and information are based on the Company's current beliefs as well as assumptions made by, and information currently available to, the Company concerning anticipated financial performance, business prospects, strategies, regulatory developments, development plans, exploration, development and mining activities and commitments. Although management considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking statements relate to future events or future performance and reflect current expectations or beliefs regarding future events and include, but are not limited to, statements with respect to: development plans for the Company's mineral projects and expected mine life. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as "expects", "anticipates", "plans", "projects", "estimates", "assumes", "intends", "strategy", "goals", "objectives" or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements of historical fact and may be forward-looking statements. Certain important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements include but are not limited to the development plans for the Company's mineral projects and expected mine life. The forward-looking statements made herein are subject to a variety of risk factors and uncertainties, many of which are beyond the Company's control, which could cause actual events or results to differ materially and adversely from those reflected in the 4923-2501-0991.4 forward-looking statements. Readers are cautioned that forward-looking statements are not guarantees of future performance. Specific reference is made to the Company's listing statement on file with the Canadian provincial securities regulatory authorities (and available on for a more detailed discussion of some of the factors underlying forward-looking statements and the risks that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this press release.
