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

Eduard Gorodetsky: Currently we see high demand for synthetic diamonds for use in technology segment rather than in jewelry

Director General of the Advanced Synthetic Research Center Eduard Gorodetsky told Rough&Polished about the current situation at the company, new exclusive technologies in the synthesis and production of lab-grown crystals, as well as the Research Center’s...

11 march 2024

Tanzania issues seven new graphite mining licences to Takela, NyoriGreen Mining

16 january 2024

Marula Mining says the government of Tanzania has granted seven new mining licences to Takela Mining (TMT) and NyoriGreen Mining (NML) at the Nyorinyori graphite project and the NyoriGreen graphite project.

The new licences are considered to be highly prospective for the potential of high-grade, large, and jumbo flake graphite mineralisation.

Marula said the mining licences are valid for seven years and are being incorporated into the commercial and technical services agreements with TMT and NML, through which Marula has secured its 75% commercial interest through the funding of exploration, mining, and development activities.

It said an upfront consideration of $25,000 per licence is being made to TMT and NML, which has been satisfied through the issue, in aggregate, of 1 million new ordinary shares in the company for 13.5 pence per new ordinary share.

TMT has been issued 450,000 consideration shares for the three new mining licences granted at Nyorinyori, while NML has been issued 600,000 consideration shares for the four new mining licences granted at NyoriGreen.

“Following the completion of the Phase 1 Program at Nyorinyori and NyoriGreen, I am pleased to see that we will be able to expand our area of exploration and development through these highly prospective seven new graphite mining licenses,” said Marula Mining chief executive Jason Brewer.

“By securing these licences and incorporating them into the commercial and technical services agreements Marula has with TMT and NML, we are able to strengthen our position in the area and consolidate our exploration activities at the projects so that we can continue to target locations of prospective high-grade graphite mineralisation.”

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