DiaMondaine Diamantaires Club mulls diamond safari tours in southern Africa

DiaMondaine Diamantaires Club (DDC) is set to organise diamond safari tours in southern Africa, home to major diamond-producing countries. DDC founder Agnes Abdulahu told Rough&Polished’s Mathew Nyaungwa that the launch of the first diamond safari...

15 july 2024

Vladislav Zhdanov: Questions of efficiency and investment potential of diamond mining versus diamond growing pique keen interest

Vladislav Zhdanov is Professor at the National Research University Higher School of Economics (HSE). He told Rough&Polished about new researches into the effectiveness of diamond production methods.

02 july 2024

Why it's expensive to cut and polish diamonds in Africa? ADMA president António Oliveira has the answer

The African Diamond Manufacturers Association (ADMA) president António Oliveira told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that the lack of a robust infrastructure in Africa fails to accelerate and encourage manufacturing...

24 june 2024

Edahn Golan: IPO feasible but not Anglo’s preferred way to sell De Beers

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough&Polished's Mathew Nyaungwa in an exclusive interview that while an IPO of De Beers is “feasible,"  he does not think this is a route Anglo American...

17 june 2024

GemsCouture- avant-garde by Victor Moiseikin

Jewelry items and precious souvenirs of the MOISEIKIN jewelry brand are in the museums and private collections of world celebrities, representatives of the political and cultural elite - from Xi Jinping to the British Windsors, from Angela Merkel to...

05 june 2024

Australia's Westgold eyes expansion at underground gold mine

26 january 2024

Westgold Resources of Australia says its latest exploration results at its Bluebird underground gold mine near Meekatharra in Western Australia’s Mid West region warrant the expansion of the operation.

This could potentially increase underground production at Bluebird mine and South Junction orebody up to about 750,000 tonnes per annum at between 4g/t and 5g/t gold. Westgold currently has one surface and three underground drill rigs operating at the site, with a second surface rig mobilisation on site to add to the ongoing expansion program.

The underground mine has been developed 200m below the Bluebird open pit along a strike of 600m.

Bluebird and the smaller Paddy’s Flat underground mine at Meekatharra are the two primary ore sources feeding Westgold’s 1.6 to 1.8 million tonne per annum Bluebird processing plant. Historically, the two mines have produced more than a million gold ounces from shallow open pits and small-scale underground workings.

The company produced 59,238 gold ounces from its operations during the December quarter and sold its gold at a remarkable average price of $3041 per ounce. The company remains debt free, unhedged and on track to deliver its financial year production guidance of between 245,000 and 265,000 ounces, according to management.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough & Polished