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

DRC's Gecamines offer to buy copper assets from ERG

15 february 2024

The Democratic Republic of the Congo's (DRC) state miner Gecamines has formally proposed to acquire a portion of Eurasian Resources Group's (ERG) copper and cobalt assets in the country to recoup the value of partner-owned projects and amass reserves of green transition-critical metals.

Reuters quoted the chairperson of the DRC mining company, Robert Lukama, as saying that they have the financial means to acquire three of the Kazakh miner's assets in the country.

He could not mention the specific mines or ventures that Gecamines intends to acquire.

"We have a firm proposal, and we can confirm our proposal," Lukama said.

"We showed our seriousness, and we showed that we have the means to buy the assets."

The Kazakhstan government owns 40% of ERG, a Luxembourg-based company whose Congo holdings consist of the Frontier mine, Comide, Metalkol, and Boss Mining, as well as some development and near-production assets.

The ERG and DRC authorities have been engaged in negotiations to have the suspension of Boss Mining operations lifted.

Last June, the government suspended ERG's operations because the organisation had caused environmental pollution.

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