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

Merafe, Glencore SA to expand eastern PGM plant at Thorncliffe

08 september 2023

Merafe and Glencore SA have agreed to improve and expand the eastern Platinum Group Metal (PGM) production plant at the Thorncliffe Mine in Limpopo, South Africa.

The primary functions of the Eastern PGM Plant will be to handle PGM-bearing material pertinent to the eastern chrome mining functions and as otherwise mutually agreed upon by the parties.

The existing notarial pooling and sharing agreement between Merafe and Glencore SA governs the operations of both the western and eastern PGM plants.

Estimates put Merafe's share of the money needed to upgrade and expand the eastern PGM plant at around R117 million.

Independent directors of Merafe indicated that all transactions related to the eastern PGM plant contribution to the joint venture (JV) were conducted on an arm's length basis and are consistent with the joint venture agreement.

The parties first agreed in January 2022 to contribute to the Glencore Merafe Chrome venture and a new PGM production plant constructed at the Kroondal Mine.

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