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Mmetla Masire: Okavango to resume diamond sales in January
Botswana’s state-owned Okavango Diamond Company (ODC) is set to resume diamond sales in January 2025, whether the market remains depressed or not. ODC managing director Mmetla Masire told Rough & Polished’s Mathew Nyaungwa on the side-lines of...
Today
Helga Pombal: Angola's Stardiam finds solution to the threat posed by lab-grown diamonds
Stardiam manager of production Helga Pombal told Rough&Polished's Mathew Nyaungwa on the sidelines of the Angola International Diamond Conference that lab-grown diamonds are creating a parallel market for more accessible stones, combined with lower...
11 november 2024
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
Mountain Province Diamonds announces Q2 2020 production results
In Q2 2020, Mountain Province mined a total of 6,836,110 tonnes of ore, a 37% decrease from 10,865,263 tonnes on comparable period in Q2 2019. In Q2 2020, 786,249 ore tonnes were treated, an 11% decrease on comparable period of 882,374 tonnes in Q2 2019.
1,547,114 carats were recovered at an average grade of 1.97 carats per tonne, an 11% decrease on comparable quarter of 1,730,147 carats at 1.96 in Q2 2019.
According to the Company, the variance in the latest quarterly production figures compared to same period last year, and specifically the total ore and waste tonnes mined, are a direct result of the impacts of COVID-19 on mine operations. Also, reduced levels of personnel, travel restrictions to and from site, revised health and safety protocols on site affected production as well.
Stuart Brown, Mountain Province’s President and Chief Executive Officer, commented: "Our lower Q2 production figures in comparison to previous quarters are direct results of the impacts of the Coronavirus on our operations at the GK Mine and do not reflect normal operating conditions. We will continue operating under the newly modified conditions until there is a solution to this crisis. Looking ahead, I am confident that we will meet our revised guidance of 6.3 – 6.4 million carats for 2020, which is a very credible performance of our operations in comparison to our original budget of 6.75 – 6.95 million carats given the challenges posed by the COVID-19 pandemic."
Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished