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

South Africa establishes junior mining exploration fund

09 february 2024

South Africa’s Department of Mineral Resources and Energy (DMRE) and the Industrial Development Corporation (IDC) have signed a memorandum of agreement (MOA) to establish the Junior Mining Exploration Fund (JMEF).

The MOA was signed at the African Mining Indaba in Cape Town.

The primary goal of the fund is to facilitate finance for South African junior mining firms, allowing them to carry out exploration activities, enhance their access to mine ore deposits, and foster economic inclusion to achieve fair and balanced economic growth.

“We cannot overstate the significance of this industry to our economy. Mining is not only the backbone of our economy but is the largest employing sector in this country,” said IDC chief operating officer Joanne Bate.

“Our exposure has informed us of the many challenges facing emerging black-owned mining companies that are looking for a foothold in this sector. Exploration costs can be onerous on small mining firms, and therefore, it is our hope that the fund will help alleviate the challenges facing Junior mining companies.”

The IDC will administer and manage the fund, while the DMRE, with help from the Council for Geoscience, will choose which minerals can be sponsored for exploration under this project.

Mathew Nyaungwa, Editor in Chief of the African Bureau, from Cape Town, South Africa, Rough&Polished