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

Implats Rustenburg to have a leading mine-to-market production base

01 september 2023

Impala Platinum (Implats), which recently acquired ownership of Royal Bafokeng Platinum (RBPlat) in South Africa, is implementing strategies to integrate and optimise the asset to maximise the value of this acquisition.

The miner said that the merging of the asset bases of Impala Rustenburg and RBPlat will produce a more secure and sustainable Rustenburg operating complex.

It said that this complex will have a leading mine-to-market production base, a well-capitalised infrastructure, and a long-term competitive position, which will be reinforced by an industry-leading integrated processing capacity and the achievement of material synergies.

Implats proposed to buy RBPlat in November 2021 by offering R90.00 ($4.82) in cash and R0.30 ($0.02) Implats shares for each RBPlat share.

An obligatory offer was then fulfilled in July 2023. Implats is anticipated to have acquired 98.91% of the company's ownership by the end of the year.

The group's refined ruthenium, rhodium, palladium, osmium, iridium and platinum (6E) output is anticipated to range between 3.30 million and 3.45 million ounces.

Its 6E refined production for the fiscal year 2023, including saleable production from Impala Canada and RBPlat, was 2.96 million ounces, a 4% decrease from 3.09 million ounces the previous year.

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