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

Implats boosts first-quarter 6E group output, sales volumes

02 november 2023

Platinum group metals (PGM) mining company Impala Platinum (Implats)’s total six-element (6E) group production volumes increased by 21% to 1 million ounces in the first quarter of the fiscal year 2024.

It said joint ventures produced 141,000 oz, while third-party receipts decreased by 31% to 62,000 oz.

Although production metrics experienced some initial gains due to the first incorporation of Impala Bafokeng during the period, significant enhancements were observed in the mining and processing operations of the group on a like-for-like basis.

Sales volumes for 6E increased by 17% to 829 000 oz, while gross refined and saleable production volumes for 6E rose by 25% to 885 000 oz.

“The strong operational delivery in the period is a testament to the flexibility and resilience our people enabled at our operations, with targeted investments in asset integrity and projects focused on harnessing the inherent competitiveness of our mining and processing portfolio yielding notable improvements,” said Implats chief executive Nico Muller.

Production of refined 6E grew by 25% to 885,000 oz, including saleable ounces from Impala Canada and Impala Bafokeng.

Meanwhile, Implats is executing a thorough operational and expenditure reaction to alleviate the current downturn in the pricing of PGMs and the subsequent strain on margins.

“Capital expenditure on projects considered key to strategic delivery will continue, but planned elevated levels of spend across the portfolio will be adjusted to reflect the prevailing current reality of compressed industry margins,” said Muller.

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