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

Nornickel announces consolidated production results for 1h 2023

25 july 2023

Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, announces preliminary consolidated production results for the second quarter and the first half of 2023 and full year 2023 production outlook.

Sergey Stepanov, Senior Vice-President and Operational Director of the company, commented on the production results: "In 1H 2023 the output of all key metals demonstrated mixed results. We increased the production of platinum group metals by increasing ore output at Medvezhiy Ruchey mine, improving the efficiency of additional extraction of precious metals from chlorine leaching residuals at the nickel refining shop at Kola Division, as well as processing previously accumulated work-in-progress materials."

At the same time, he said, nickel production decreased due to annual seasonal factor - the inter-navigational season in the port of Dudinka, as well as scheduled repairs of furnaces at Nadezhda Smelter and a grinding mill at Talnakh Concentrator.

One of the achievements of the first half of the year was the improvement in the quality of nickel cathodes produced in Kola division, with the content of impurities reduced by 40% compared to the level of 2022.

At the same time, thanks to the operational efficiency improvement program, Trans-Baikal Division increased the volume of processing and extraction metals.

"It is important to highlight, that during the first half of the year we tested the machinery from new suppliers and began the gradual replacement of retired mining equipment with the new samples. The successful implementation of equipment replacement is essential to the achievement of our operational plans," – Stepanov added.

"Taking in account all ongoing activities, we reiterate our previously announced production guidance from own Russian feed for FY2023".