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

Anglo American cuts workforce – report

06 october 2023

Anglo American is set to reduce corporate office positions in numerous locations, while unions reported that its South African iron-ore division intends to lay off a large number of employees at its headquarters.

The global mining giant began reorganising its operations in May.

"We expect a potential reduction in corporate office roles across several countries," an unnamed spokesperson was quoted as saying by Reuters.

South Africa’s National Union of Mineworkers spokesperson, Livhuwani Mammburu, previously told Reuters that Anglo's Kumba Iron Ore wants to cut 183 jobs, primarily at its head office, due to difficulties in transporting adequate tonnage to ports due to rail bottlenecks in South Africa.

If the reorganisation proposal is successful, the number of job losses might reach about 141, Mammburu said, adding that the labour union rejected the move.

Frequent disruptions, often due to locust swarms, have significantly hampered the export of iron ore by the miner. Cable thefts and derailments have recently made these disruptions on the rail line, which Transnet manages, worse.

As a result, Kumba is stockpiling extra iron ore at its mines.

In the six months leading up to June, Kumba's profit decreased by 17% due to rail problems and lower prices.

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