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

AngloGold Ashanti's quarterly gold output and revenue fall marginally

27 june 2023

AngloGold Ashanti reports that gold output from its operations fell by 1% to 584,000 ounces for the three months ending March 31, 2023, from 588,000 ounces the previous year.

It said that gold output decreased at the Kibali, Siguiri, Tropicana, AngloGold Ashanti Mineraço, and Serra Grande operations owing to factors such as lower quality ore mined, low metallurgical recoveries, and low tonnes of ore processed.

However, greater gold production from the Iduapriem, Obuasi, Geita, and Cerro Vanguardia operations offset some of the reduced output.

Meanwhile, AngloGold Ashanti's product sales revenue fell by $24 million to $1,03 billion in the three months ended March 31, 2023.

The decline in product sales revenue was mostly attributable to a fall in gold income and by-product revenue.

Gold income fell by $9 million to $1 billion in the three months under review.

The fall in gold income was related to fewer ounces sold, which was somewhat offset by an increase in the average gold price received of $14 per ounce.

Gold sales fell by 7,000 ounces from 524,000 ounces in the three months ended 31 March 2022 to 517,000 ounces in the three months ended 31 March 2023, resulting in a $16 million fall in gold revenue.

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