Exclusive
Dr M'zée Fula Ngenge: Demand for considerable-sized diamonds stronger than ever
The African Diamond Council (ADC) chairperson Dr M'zée Fula Ngenge told Rough & Polished’s Mathew Nyaungwa in an exclusive interview that although overall global diamond prices have been somewhat soft, the demand for considerable-sized diamonds...
02 september 2024
Amplats sees prospects as a standalone company
Anglo has revealed its plans to demerge Anglo American Platinum (Amplats), which has operations in South Africa and Zimbabwe, to optimise shareholder value. Rough&Polished contacted Amplats to comment on this and other issues but was referred...
19 august 2024
WFDB President Yoram Dvash Remains Confident Despite Global Diamond Challenges
Yoram Dvash is President of the World Federation of Diamond Bourses (WFDB) having been elected in 2020. He found time in his busy schedule to speak to Rough&Polished about the state of the diamond industry around the world and some of the major...
12 august 2024
Lyudmila Vysotskaya: Amber is a mystical stone, a living substance
Lyudmila Vysotskaya is a Kaliningrad-based amber artist and designer, expert, chairwoman of the Amber Academy and member of the Creative Union of Artists in Decorative and Applied Arts. This summer, visitors could admire the art works by Lyudmila Vysotskaya...
30 july 2024
De Beers shines light on budding jewellery designers
Diamond giant De Beers will this year conduct its bi-annual Shining Light Awards jewellery design competition. De Beers beneficiation manager Kagiso Fredericks told Rough & Polished's Mathew Nyaungwa in an exclusive interview they set aside 4.5 carats...
22 july 2024
DFS confirms Osino's gold mine plans in Namibia
Twin Hill is located near and along the strike of the producing open-pit gold mines Navachab and Otjikoto.
The company conducted a definitive feasibility study (DFS) which confirmed plans for a 13-year mining operation producing an average of 162 000 oz/y at an all-in sustaining cost of $1 011/oz.
"The DFS confirms Twin Hills as a technically simple, long-life, low-cost gold project with very strong economics and plenty of upsides," said Osino Resources cofounder and CEO Heye Daun
Osino projected to achieve a fully funded construction decision for the $365 million project by the end of the year, with gold production scheduled to begin in 2025 or 2026.
Using a 5% discount and a gold price of $1750/oz, the DFS computed a pretax net present value of $742 million and an internal rate of return of 34%.
At current gold prices of $1 950/oz, the project generates little less than $1.5 billion in net pretax cashflows, indicating the project's superior margins, cash-generating potential, and economics.
The project has a $783-million pretax net present value at a 5% discount rate and an internal rate of return.
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished