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

Brazilian authorities in dispute with Vale over gold “hidden in copper”

18 september 2023

The Parliamentary Inquiry Commission (CPI) of the Municipal Chamber of Marabá in the Brazilian state of Pará says that Vale, a major mining company, failed to pass on to the municipality for the exploration of gold and silver at the Salobo copper mine over the last ten years.

The alleged sum of under-declared value is said to be around R$400 million ($82 million), mining.com reports.

The CPI alleges the company did not declare how much gold and silver was extracted from the Salobo mine, saying the miner did not pay financial compensation to the Union, States, Federal District, and Municipalities for the economic use of mineral resources in their respective territories, called CFEM.

“According to our calculation, it is around R$241 million, which when adjusted amounts to R$400 million,” councilor Marcelo Alves said.

The councilor and president of the CPI questioned the non-declaration of the gold from the Salobo project by the mining company.

The company says it regularly collects taxes and duties, observing state legislation.

“Vale clarifies that the final product from the Sossego and Salobo mines is copper concentrate. CFEM is collected in accordance with the specific legislation on the subject and is based on the pricing of this concentrate, which includes other minerals contained, such as gold and silver,” the miner said in an emailed statement to mining.com.

“At a recent meeting of the CPI in Marabá, the company demonstrated that the amounts collected already include all the minerals contained in the copper concentrate, with no payment pending,” Vale added.

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