DiaMondaine Diamantaires Club mulls diamond safari tours in southern Africa

DiaMondaine Diamantaires Club (DDC) is set to organise diamond safari tours in southern Africa, home to major diamond-producing countries. DDC founder Agnes Abdulahu told Rough&Polished’s Mathew Nyaungwa that the launch of the first diamond safari...

15 july 2024

Vladislav Zhdanov: Questions of efficiency and investment potential of diamond mining versus diamond growing pique keen interest

Vladislav Zhdanov is Professor at the National Research University Higher School of Economics (HSE). He told Rough&Polished about new researches into the effectiveness of diamond production methods.

02 july 2024

Why it's expensive to cut and polish diamonds in Africa? ADMA president António Oliveira has the answer

The African Diamond Manufacturers Association (ADMA) president António Oliveira told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that the lack of a robust infrastructure in Africa fails to accelerate and encourage manufacturing...

24 june 2024

Edahn Golan: IPO feasible but not Anglo’s preferred way to sell De Beers

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough&Polished's Mathew Nyaungwa in an exclusive interview that while an IPO of De Beers is “feasible,"  he does not think this is a route Anglo American...

17 june 2024

GemsCouture- avant-garde by Victor Moiseikin

Jewelry items and precious souvenirs of the MOISEIKIN jewelry brand are in the museums and private collections of world celebrities, representatives of the political and cultural elite - from Xi Jinping to the British Windsors, from Angela Merkel to...

05 june 2024

Polyus to invest $313 mn in the Kuranakh gold deposit

15 september 2023

PJSC Polyus plans to invest 30 billion rubles ($313.3 million) in a heap leaching (HL) plant at the Southern group of gold deposits of the Kuranakh ore field, RIA Novosti reports.

The company signed an agreement on an investment project with the Far East and Arctic Development Corporation at the VIII Eastern Economic Forum.

The technology makes it possible to extract gold from low grade ore up to 0.7 g/t. This will allow to use stockpiled reserves of about 60 million tons of ore for processing. Recovery rate is more than 70%.

Polyus Aldan (part of Polyus) is developing a group of Kuranakh deposits. The company is currently modernizing the HL facility to increase its capacity to 5 million tons per year. In future it plans to launch the HL-South plant with a capacity of up to 12 million tons of ore per year. In 2022, Polyus Aldan produced 7.5 tons of gold.

As reported, Polyus plans to increase gold production by 12% by the end of 2023, to 2.8 - 2.9 million ounces at cash costs of $475 - $525 per ounce. Total capital investments are planned in the amount of $1.3 - $1.4 billion.

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