Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.

16 september 2024

Xtract completes divestiture of stake in Manica gold project

29 february 2024

Xtract Resources has completed the divestiture of its stake in the Manica gold project in Mozambique.

The company had last month agreed to terms for the disposal of its 23% net profit share interest in the project to buyers for up to $15 million.

After the disposal, Xtract continues to function as an operating minerals company by the AIM regulations, with a specific emphasis on its material minerals holdings in two expansive, nascent copper exploration endeavours situated in Zambia and Australia.

Additionally, the transaction resulted in the termination of Xtract's mining collaboration agreement with MMP, its partner in Mozambique.

As a settlement, Xtract will receive $3.3 million in cash.

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