DiaMondaine Diamantaires Club mulls diamond safari tours in southern Africa

DiaMondaine Diamantaires Club (DDC) is set to organise diamond safari tours in southern Africa, home to major diamond-producing countries. DDC founder Agnes Abdulahu told Rough&Polished’s Mathew Nyaungwa that the launch of the first diamond safari...

15 july 2024

Vladislav Zhdanov: Questions of efficiency and investment potential of diamond mining versus diamond growing pique keen interest

Vladislav Zhdanov is Professor at the National Research University Higher School of Economics (HSE). He told Rough&Polished about new researches into the effectiveness of diamond production methods.

02 july 2024

Why it's expensive to cut and polish diamonds in Africa? ADMA president António Oliveira has the answer

The African Diamond Manufacturers Association (ADMA) president António Oliveira told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that the lack of a robust infrastructure in Africa fails to accelerate and encourage manufacturing...

24 june 2024

Edahn Golan: IPO feasible but not Anglo’s preferred way to sell De Beers

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough&Polished's Mathew Nyaungwa in an exclusive interview that while an IPO of De Beers is “feasible,"  he does not think this is a route Anglo American...

17 june 2024

GemsCouture- avant-garde by Victor Moiseikin

Jewelry items and precious souvenirs of the MOISEIKIN jewelry brand are in the museums and private collections of world celebrities, representatives of the political and cultural elite - from Xi Jinping to the British Windsors, from Angela Merkel to...

05 june 2024

Kuvimba’s Great Dyke disinterested in a foreign partnership

22 june 2023

Kuvimba Mining House (KMH)’s Great Dyke Investments (GDI) is not seeking any foreign investments following the withdrawal of Russia's Vi Holding from the $3 billion Darwendale Platinum project, in Zimbabwe.

Vi Holding withdrew from a 50-50 joint venture in June 2022.

The declaration contradicts prior reports that KMH was unable to seek new funding for the mining project because European investors are hesitant to participate in enterprises with Russian partners.

KMH technical director Munashe Shava told the media on the sidelines of the GDI project tour that the mine is concentrating on internally developing the project.

“For your own information, this project is now valued at $2,5 billion and [has] a lifespan of over 50 years, and when we look at it, the approach now is to say, let’s find our own resources to develop this project because it doesn’t make sense to bring in Chinese, Americans, or whoever has got money to come I and get into a project of this magnitude,” he was quoted as saying by New Zimbawe.com.

“When investors come in they bring their own conditions, which might also affect the strategy of having a refinery because once an investor comes in, one will say look I have my own arrangement for a smelter in Asia…so that’s the thinking. At the moment we are not looking for foreign investors.”

The project's initial development work began in early 2020.

The long-delayed project, located on Zimbabwe's mineral-rich Great Dyke, was planned to have a peak production capacity of 860,000oz of platinum group metals (PGMs) per year.

The project has about 44 million ounces of PGMs, according to Shava.

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