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

Trafigura, Kamoa-Kakula to be Lobito Atlantic Railway's first clients

09 february 2024

Trafigura and Kamoa-Kakula have signed a contract with the Lobito Atlantic Railway to transport minerals for at least six years between the African Copperbelt and the Atlantic coast of Angola.

Reserved Capacity Agreements were signed during the Mining Indaba in Cape Town, South Africa, representing the initial long-term commercial commitments to the Lobito Atlantic Railway.

Trafigura's Lobito Atlantic Railway export capacity will increase to 450,000 tonnes per year by 2025.

The Kamoa-Kakula copper complex, a joint venture between Ivanhoe Mines and Zijin Mining, has a minimum capacity of 120,000 tonnes and up to 240,000 tonnes of blister-anode or concentrate from 2025, with 10,000 tonnes scheduled for transport in 2024 as the railway expands.

"We are pleased to be one of the first commercial customers to agree terms for a long-term commitment to use the Lobito Atlantic Railway and we look forward to welcoming other customers to join Ivanhoe Mines and Trafigura in the coming months,” said Trafigura chief executive Jeremy Weir.

“These commitments announced today support the consortium’s aim to grow the volumes on the corridor so that it becomes the leading rail transport link in sub-Saharan Africa.”

Ivanhoe Mines founder and executive co-chairperson Robert Friedland said the transformative economic corridor will unlock more copper projects due to the lower logistical costs.

“Cheaper logistics increase the amount of economically recoverable copper across the Copperbelt, as cut-off grades can be lowered,” he said.

“This makes a significant impact on discoveries made in the DRC, such as the recent high-grade and open-ended Kitoko copper discovery in the Western Foreland, where we are stepping up exploration activities this year to find more ultra-green copper metal.”

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