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

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

Galane boosts output at SA gold mine

25 august 2022
Galane Gold Galaxy produced 5,489 ounces of gold at its Galaxy mine in South Africa in the six months ended June 30, 2022, compared to 3,236 ounces, a year earlier.
Galaxy gold is situated 45 km west of the provincial capital of Nelspruit in the Mpumalanga Province of South Africa. 
The property, which covers 58.6 square kilometres, is part of the prolific Barberton Greenstone Belt.
Galane recorded earnings of $2.3 million in the first half of the year compared to $700 000 during the same period in 2021.
Company chief executive Nick Brodie said the Galaxy operation continued to generate positive operating cash flow during the second quarter despite severe flooding in Durban.
“Post quarter end, shipments of the flood-affected gold concentrate have recommenced from Durban, and it is expected that all the flood-affected gold concentrate will be fully paid during the fourth quarter of 2022,” he said.
Meanwhile, Galane said the sale of Mupane Gold Mining in Botswana has recharged their balance sheet with the removal of over $17 million in liabilities.
The company now has net debt of less than $1 million.

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