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DiaMondaine Diamantaires Club (DDC) is set to organise diamond safari tours in southern Africa, home to major diamond-producing countries. DDC founder Agnes Abdulahu told Rough&Polished’s Mathew Nyaungwa that the launch of the first diamond safari...

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Why it's expensive to cut and polish diamonds in Africa? ADMA president António Oliveira has the answer

The African Diamond Manufacturers Association (ADMA) president António Oliveira told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that the lack of a robust infrastructure in Africa fails to accelerate and encourage manufacturing...

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Edahn Golan: IPO feasible but not Anglo’s preferred way to sell De Beers

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough&Polished's Mathew Nyaungwa in an exclusive interview that while an IPO of De Beers is “feasible,"  he does not think this is a route Anglo American...

17 june 2024

GemsCouture- avant-garde by Victor Moiseikin

Jewelry items and precious souvenirs of the MOISEIKIN jewelry brand are in the museums and private collections of world celebrities, representatives of the political and cultural elite - from Xi Jinping to the British Windsors, from Angela Merkel to...

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Seligdar produced over 6 tons of gold in nine months

25 october 2023

PJSC Seligdar, Russia-based producer of gold and tin, announced its production results for three quarters of 2023.

According to the operational accounting data, the production of alloyed gold by the holding increased by 10% year-on-year and amounted to 6,253 kg. The production of tin in concentrate increased by 17% to 2,231 tons, tungsten - by 53%, to 88 tons. 870 tons of copper were produced during the reporting period (+29%).

Sales of gold produced by Seligdar increased by 18% and amounted to 4,947 kg.

The company gained 37.5 billion rubles (+88%) from the sale of gold, tin, tungsten and copper concentrates. In particular, the revenue from the sale of gold amounted to 32.9 billion rubles, which is 115% more than in January-September 2022.

Revenue was up due to a sales increase in terms of volume as well as rise in average selling prices by 43% year-on-year.

Revenue from the sale of tin, tungsten and copper concentrates for the first nine months of 2023 amounted to 4.6 billion rubles, remaining almost flat compared to the same period of 2022.

In January-September 2023, Seligdar received 23.694 billion rubles of net profit under Russian accounting standards against a loss of 7.6 billion rubles for the same period of 2022.

PJSC Seligdar operates 13 enterprises in Yakutia, Altai Krai, Buryatia, Orenburg Region and Khabarovsk Krai, nedradv.ru reports.

Alex Shishlo for Rough&Polished