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

Premier intends to raise £4mln to fund Zim lithium, tantalum project

29 august 2023

Premier African Minerals has revealed plans to raise £4 million ($5 million) through a placing and subscription to advance the Zulu lithium and tantalum project pilot optimisation in Zimbabwe.

The company intends to use the proceeds to cover the expenses of installing the temporary mill and thickener.

These additions are expected to significantly improve the output capacity to 50% as of October. Furthermore, the funds will also be allocated towards pit development, particularly to clear the weathered zone.

In addition, the proceeds will contribute to covering the general operational costs until November.

“Based on current projections, this funding and the arrangements set out below are expected to see Zulu pass through the current interim remedial situation and allow the company to reach target nameplate production at Zulu,” said company chief executive George Roach.

The open pit mining contractor, JR Goddard Contracting, and the Zulu design, procurement, installation, and commissioning contractor, Stark International Projects, have agreed to collectively accept payment of a limited number of future invoices until December 2023 in new ordinary shares of the company.

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