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

Tulu Kapi Progressing Towards Launch

02 november 2023

Kefi Gold and Copper says the high-grade Tulu Kapi Gold Project in Ethiopia is scheduled to be operational by the end of 2023.

The project consists of a 5.6 g/t gold underground mineral resource and a 2.1 g/t gold open-pit ore reserve.

It said activity is anticipated to increase progressively in the next months and achieve its maximum level in conjunction with the continued development of security measures and community preparations.

"We are driving hard to hit our next big milestone, which is to trigger before the end of this year the first stage of the Tulu Kapi Gold Project launch,” said company executive chairperson Harry Anagnostaras-Adams.

The company said $320 million would be spent on development capital excluding the mining fleet provided by the mining contractor.

Of this amount, $190 million is secured debt (senior and mezzanine) from project lenders, and $130 million is equity-risk capital.

Meanwhile, Kefi said it has commenced administrative proceedings in respect of its long-standing proximal exploration licences surrounding the Tulu Kapi Project Mining Licence area to continue exploration programmes and community development, which have always complemented the Tulu Kapi project.

The exploration licences were over-pegged by a Hong Kong shell company owned by a British Virgin Islands shell company during an overhaul of the title-regulatory system in 2022.

“We are confident that this situation can be resolved satisfactorily,” said the company.

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