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

Orosur signs JV to explore several exploration lithium licences across Nigeria

17 october 2023

Orosur Mining has entered into a joint venture (JV) arrangement to investigate several exploration licences in Nigeria that are deemed to have significant potential for lithium mineralisation, according to the company.

Long contemplating a foray into the lithium industry as a means to augment its varied portfolio of high-quality exploration properties, the organisation had encountered few prospects in South America that were particularly alluring.

Nigeria, nevertheless, is swiftly establishing itself as one of the most auspicious areas in Africa in terms of lithium pegmatite mineralisation discoveries; thus, there is currently an exceptionally high degree of activity and interest in the country.

Utilising the management team's extensive operational background and influential connections in Nigeria, Orosur has amassed significant land holdings in Nigeria's top lithium pegmatite districts during the past year.

It said that an experienced geologist team is in place, accompanied by the required equipment and logistical support, so that field programmes can begin immediately.

Orosur said that preliminary reconnaissance will be the initial step in the operation, and it is anticipated that results and further work will progress rapidly.

A joint venture (JV) has been established between the company and the Nigerian firm Jurassic Mines. Under the terms of this agreement, Orosur, through a newly established wholly-owned subsidiary in the United Kingdom called Lithium West, could acquire a maximum of 70% equity in the project over two distinct phases.

Lithium West will acquire a 51% ownership stake in the undertaking during the initial phase by allocating a cumulative expenditure of $3 million over a maximum duration of three years.

Lithium West will receive an extra 19% equity in the project, for a total of 70%, during the second phase by investing an additional $2 million over two years.

Initially, the project will encompass four exploration licences spanning approximately 322 km2 of Nigeria's major pegmatite region.

Further investigation is ongoing in other potential domains, and it is conceivable that supplementary permits could be appended to the undertaking shortly.

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