Valery Budny: There is no strategy and legislation in Russia enabling the full cycle processing of precious raw materials within the country

Valery Budny, Head of the Jewelry Russia program and CEO of the JUNWEX media holding, told Rough&Polished about the results of the meeting and pressing issues in the precious metals and precious stones (PMPS) and the jewelry sectors.

11 april 2024

Paul Zimnisky: Natural diamonds face the risk of eroding their appeal if constantly discounted

New York-based independent diamond and jewellery analyst and consultant Paul Zimnisky told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that the industry should do away with discounts. He said the industry should treat natural diamonds...

01 april 2024

Edahn Golan: Lab-grown diamond prices to continue declining

In an exclusive interview with Rough&Polished's Mathew Nyaungwa, Edahn Golan, proprietor of the eponymous Edahn Golan Diamond Research and Data, predicted that the prices of lab-grown diamonds would continue to decline, especially at the retail and...

25 march 2024

ADPA’s Ellah Muchemwa: G7 restrictions to bring extra costs from diamond mining to retail

The African Diamond Producers Association (ADPA), which has openly registered its disdain for the G7’s rough diamond trade restrictions, is of the opinion that the move will bring extra costs on all stages, from mining to retail. ADPA executive...

18 march 2024

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

Implats close to taking control of RBPlat

02 june 2023
Impala Platinum has agreed with the Public Investment Corporation (SOC) to acquire about 26, 9 million Royal Bafokeng Platinum (RBPlat) shares.
This constitutes 9.26% of the RBPlat shares in the issue. 
RBPlat said in a notice to shareholders that once the trade is implemented, Implats will hold RBPlat shares comprising an aggregate of about 55.46% of the shares in the issue.
As a result, Implats will control the majority of the shares in RBPlat and RBPlat will become a subsidiary of Implats.
Implats informed RBPlat shareholders that it intends to facilitate increased broad-based ownership in the Platinum Group Metals sector through the implementation of an empowerment structure, including the creation of a community share ownership trust which will hold an equity interest in both Impala and Royal Bafokeng Resources, as well as the option to replace the RBPlat employee share ownership plan. 
Implats requested last November that the Takeover Regulation Panel (TRP) award it a compliance certificate. 
TRP, however, stated that Northam's remaining objections regarding the alleged violation by RBPlat of the Companies Act and the Companies Regulations needed to be rectified first.
Implats then filed an appeal on March 21 with the Takeover Special Committee (TSC) against the TRP's decision, which was dismissed.
As a result, the TRP's original judgment continues, and the TRP will only give a compliance certificate to Implats if the issues are handled.
Implats said that the long-stop date set for fulfilment or waiver of the conditions precedent to the mandatory offer, and the closing date of the offer, will be extended to 28 June 2023.

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