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...

Yesterday

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

Minera Panama avoids strike at its flagship copper mine in Panama

14 september 2023

Minera Panama, First Quantum Minerals' subsidiary in Panama, has reached an agreement with a workers union at its flagship Cobre mine, avoiding a planned strike, Reuters reports.

The worker's union, Utramipa, had threatened to stop work at the mine after an alleged impasse in negotiation with the directors of Minera. Since then, it was indicated that the parties had reached an agreement, avoiding a planned strike over profit sharing and wage increases.

"Utramipa has reached an agreement where we have completed the negotiation processes with the Minera Panama company, we have complied with the corresponding deadlines," union leader Michael Camacho said early Saturday in a video sent to Reuters. "There is no strike," he stated later.

He added that a salary increase had been agreed upon, but did not specify the amount, as well as several bonuses and improvements in retirement benefits.

"This agreement has been possible thanks to the collaboration, open dialogue and shared commitment to the collective wellbeing of our collaborators," the statement said, without disclosing further details.

Cobre Panama, a huge open-pit copper project located in the Panama jungle, is First Quantum's flagship operation, accounting for nearly half of its earnings. It also accounts for about 4% of Panama's gross domestic product.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished