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.

Yesterday

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

Atlantic raises $5mln for Ghana’s first lithium mine

25 january 2024

Atlantic Lithium, which is targeting to deliver Ghana’s first lithium mine, has completed a subscription for 19.2 million shares at a price of about 26 US cents per share for a value of $5 million.

The funds were raised from the West African country’s mineral sovereign wealth fund, the Minerals Income Investment Fund of Ghana (MIIF).

This makes MIIF a new major strategic shareholder and funding partner for the company's flagship Ewoyaa Lithium Project.

Atlantic said the subscription shares equate to 3% of the total issued share capital of the company.

It said MIIF's strategic investment will improve the company's cash balance and contribute towards project development expenditure, reducing its share of the total $185 million in development expenditure.

In addition to the $5 million subscription, MIIF will invest a further $27.9 million in the company's Ghanaian subsidiaries to acquire a 6% contributing interest in the company's Ghana Portfolio, inclusive of the project, expected to be completed in the coming months.

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