DiaMondaine Diamantaires Club mulls diamond safari tours in southern Africa

DiaMondaine Diamantaires Club (DDC) is set to organise diamond safari tours in southern Africa, home to major diamond-producing countries. DDC founder Agnes Abdulahu told Rough&Polished’s Mathew Nyaungwa that the launch of the first diamond safari...

15 july 2024

Vladislav Zhdanov: Questions of efficiency and investment potential of diamond mining versus diamond growing pique keen interest

Vladislav Zhdanov is Professor at the National Research University Higher School of Economics (HSE). He told Rough&Polished about new researches into the effectiveness of diamond production methods.

02 july 2024

Why it's expensive to cut and polish diamonds in Africa? ADMA president António Oliveira has the answer

The African Diamond Manufacturers Association (ADMA) president António Oliveira told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that the lack of a robust infrastructure in Africa fails to accelerate and encourage manufacturing...

24 june 2024

Edahn Golan: IPO feasible but not Anglo’s preferred way to sell De Beers

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough&Polished's Mathew Nyaungwa in an exclusive interview that while an IPO of De Beers is “feasible,"  he does not think this is a route Anglo American...

17 june 2024

GemsCouture- avant-garde by Victor Moiseikin

Jewelry items and precious souvenirs of the MOISEIKIN jewelry brand are in the museums and private collections of world celebrities, representatives of the political and cultural elite - from Xi Jinping to the British Windsors, from Angela Merkel to...

05 june 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