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...

16 april 2024

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

Mining M&A to continue globally into 2024 - report

22 september 2023

Fitch Ratings agency expects that a recent rise in global mining mergers and acquisitions (M&A) activity will stay strong over the coming years due to consolidation and energy transition.

It says that strategic repositioning of commodity portfolios to service new demand patterns required by the energy transition and an increasingly challenging environment for the development of new mining projects will drive ongoing corporate activity among miners. The need for consolidation and reserve replenishment will support transactions in the gold industry.

Miners’ financial profiles will remain resilient in the short to medium term as commodity prices remain above mid-cycle levels, despite significant normalisation in prices year-to-date, which will provide financial flexibility for M&A and present opportunities for further synergies among higher-cost, smaller companies and larger diversified firms.

Deal activity this year is on track to be the highest for a decade, with miners experiencing increased financial flexibility as a result of extraordinarily high profits over 2021-2022.

Changing demand patterns brought about by the energy transition, increasingly lengthy greenfield project construction timelines and limited organic growth options should support deal activity beyond 2023. Miners will be particularly active in future-facing metals such as lithium, nickel and copper, where the market is likely to be in structural deficit beyond 2026.

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