Ellah Muchemwa: ADPA to launch Africa's first diamond mining standard next year

The African Diamond Producers Association (ADPA), which is based in Luanda, Angola, and represents the interests of mainly African diamond producers and those with the potential to produce diamonds, will next year launch the Sustainable Development...

04 november 2024

Dmitry Fedorov: I want our jewelry to be displayed at a museum in the future

Dmitry Fedorov is the founder of the eponymous jewelry house. His main focus is the creation of Orthodox-inspired premium luxury jewelry of high artistic merit. He told Rough&Polished about his journey in the jewelry industry, about choosing the ‘Orthodox...

28 october 2024

Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Trans Hex to continue prospecting high-priority areas, posts R187m loss

22 june 2018
Trans Hex said prospecting at its West Coast Resources operations in South Africa will continue to target high-priority areas that may identify additional resources for mining.
It said in a statement for its financial year ended March 31, 2018 that mining activities would remain focused on the Langklip area and on other sections of the Koingnaas area.
TransHex said production for the 2019 financial year at its West Coast Resources operations was expected to be about 240,000 carats, compared to 2018 financial year actual production of 173,920 carats.
It produced 80,506 carats in the financial year 2017.
During the financial year under review, the miner increased its stake in West Coast Resources to 67.2 percent and gained control of the entity.
Its Lower Orange River operations also became discontinued operations, impacting on the comparability of the company’s results for the 2018 financial year with that of the 2017 financial year.
TransHex said sales for the period under review amounted to R302.5 million at an average price of $153 per carat compared with R172.1 million at an average price of $166 per carat, a year earlier.
Meanwhile, the company’s Angolan mining operations were expected to continue on the east bank of the Luana river at Nzagi, in the southwest at Lulau, and at other areas currently being evaluated.
Production in Angola for the 2019 financial year was expected to be in the order of 145,000 carats.
As projected earlier in the week, the company said it incurred a R186.8 million-loss for the financial year ended March 31 compared with the loss of R182.6-million, registered last year.
It also reported a loss per share of 175.6 cents for the financial year compared to a loss per share of 173.5 cents in the previous corresponding period, representing an increase in loss of 1.21 percent.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished