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...

Yesterday

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

Tertiary Minerals inks new JV to form new Zambia copper exploration company

28 february 2024

Tertiary Minerals has signed a new joint venture agreement with local partner Mwashia Resources, which will consolidate ownership of the Jacks, Mukai, and Mushima North exploration licences into a new Zambian company.

The new company will be 90% owned by Tertiary’s 96%-owned subsidiary, Tertiary Minerals Zambia (TMZ), and 10% by Mwashia.

Mwashia currently holds all of the licenses.

“This joint venture agreement is a win-win for Tertiary and Mwashia and a further example of the excellent working relationship we have developed with our local partner, which enabled the recent agreement with KoBold Metals on the exciting Konkola West Project,” said Tertiary executive chairperson Patrick Cheetham.

Tertiary holds the right to a 90% joint venture interest in the Jacks licence and options to earn a 90% joint venture interest in each of the Mukai and Mushima North licences by meeting certain expenditures and making payments totalling $60,000 to Mwashia.

The joint venture agreement relieves Tertiary of the expenditure obligations due under its option agreements on the Mukai and Mushima North licences.

It also brings forward the $60,000 payment to Mwashia and puts ownership of the licences under a common entity controlled by TMZ.

Mwashia’s 10% interest will be carried by TMZ, with carried costs being recovered as a priority from future profits.

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