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

New Mali law will not affect Kodal's lithium mine

27 september 2023

Kodal Minerals says that the new law in Mali that grants the government a larger stake in the country's mining assets will not affect the company's lithium project.

The law was signed into effect on August 29 by Mali's military leader, Assimi Goita, and increases the permitted stake for the government to 20% while reserving 5% for "national investors."

Authorities had previously stated that the Loulo-Gounkoto and Fekola assets of Barrick Gold and B2Gold, which have dominated the country's mining industry for decades, will be exempt from the new legislation.

Kodal said the Mali National Directorate of Geology and Mines confirmed that the company's license to mine the Bougouni lithium project will be "administered in accordance" with the terms of the previous law.

Kodal is competing with Leo Lithium Ltd. of Australia to develop Mali's first lithium mine.

Kodal was granted permission to operate in 2021, while Leo Lithium was granted permission to develop the Goulamina asset in August 2019.

The demand for lithium has sparked a rush to secure reserves due to its importance in batteries.

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