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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
Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets
Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.
16 september 2024
Tharisa second half revenue grows marginally
The company said the decline in revenue was due to increases in chrome sales prices and sales volumes realised despite the decline in Platinum Group Metals (PGM) prices and sales volumes.
Its earnings before interest, taxes, depreciation, and amortisation (EBITDA) dropped 27% to $81.2 million in the second half of the year from the previous year’s $111.3 million at an EBITDA margin of 24.2%.
An interim dividend of 3 US cents per ordinary share was declared.
Meanwhile, Tharisa’s PGM production decreased by 16.1% at 77 000 ounces (oz) from the previous year’s 91 800 oz at an average PGM basket price of $2 216/oz.
Its chrome production was, however, up 1.4% at about 788 000 tonnes compared to the previous year’s 777 000 at an average metallurgical grade chrome price of $247 per tonne.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished