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

Zambia selects UAE's IHC as Mopani Copper Mines partner

05 december 2023

ZCCM Investment Holdings (ZCCM-IH) has selected the UAE's International Resources Holdings (IRH) as Mopani Copper Mines' strategic equity partner.

It said IRH, which is linked to Abu Dhabi's most valuable listed company, International Holdings Company (IHC), will invest funds in Mopani to boost short-term working capital, finance the mine expansion, unleash its long-term potential, and reorganise its balance sheet.

"The proposed investment in Mopani is the largest single investment to date by IRH and represents a key step in the development of its strategy to become a major player in the African minerals sector," ZCCM was quoted as saying by Reuters.

It said that the new investor will "reset" Mopani's relationship with Glencore.

Zambia had been seeking a new investor for Mopani after buying the assets from Glencore in 2021 for $1.5 billion in debt.

Offtake rights for Mopani copper were held by Glencore.

ZCCM expects Mopani to produce 200,000 tonnes of copper annually with the proposed cooperation.

Mopani needs $300 million to increase output over three years and $150 million to maintain operations.

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