Varvara Dmitrieva: The jewelry industry of Yakutia is distinguished by its creativity, unique cultural code and conservation of traditions

Varvara Dmitrieva, Associate Professor and Head of the Department of Precious Stones and Metals Processing Technologies of the North-Eastern Federal University, told Rough&Polished about the results of the Forum of jewelry Craftsmanship and the prospects...

16 april 2024

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

Rio Tinto signs trans-Guinean infrastructure agreements for Simandou iron ore project

14 august 2023

Rio Tinto and the Simfer joint venture(JV) signed agreements with the government of Guinea and Winning Consortium Simandou (WCS) on the trans-Guinean infrastructure for the world-class Simandou iron ore project.

Rio Tinto owns a 53% share in Simfer Jersey, which in turn holds an 85% stake in the Simfer JV.

The co-development convention with the government of Guinea and associated agreements revising Simfer and WCS's mine conventions allow the co-development of almost 600 kilometres of multi-use rail and port facilities to export iron ore from the Simandou mining concessions in the southeast.

Simfer, which is developing blocks 3 and 4 of the Simandou project, and WCS, which is developing blocks 1 and 2, will share infrastructural capacity and costs equally.

Previous term sheet agreements with WCS may allow China Baowu Steel Group to collaborate in the WCS scope for blocks 1 and 2 of the Simandou mining concession and the infrastructure joint venture.

Guinea will have to ratify the co-development convention and also approve the project's final feasibility study, among other prerequisites.

Rio said partners will continue negotiations to finalise investment and shareholders' agreements that underlie co-development.

Rio Tinto Guinea executive committee lead and copper chief executive Bold Baatar said its Pilbara and Iron Ore Company of Canada products will be enhanced by Simandou, the world's largest undeveloped supply of high-grade, low-impurity iron ore.

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