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

Cobalt Blue to downscale Broken Hill project due to lower market prices

29 february 2024

Australian miner Cobalt Blue is set to review its Broken Hill cobalt project, believing it is unlikely to attract the necessary project financing in its current state.

According to the company's statement, a smaller project will provide an option for development if future market pricing on the cobalt market persists at subdued levels. The strategic review will focus on a condensed, higher-margin project.

The review will likely focus on reducing the mining inventory to higher grade material, reducing the pit sizes, as well as optimising mining fleet, supporting infrastructure, and process plant throughputs. The company will target a starter project with a minimum operating life of 10-12 years with a possibility of extension should economics be favorable.

Cobalt Blue also announced Iwatani Australia as its potential partner in developing the project, having executed a nonbinding heads of agreement that cements a shared strategic vision for both the Broken Hill and the cobalt and nickel refinery project in Kwinana.

Joe Kaderavek, CEO Cobalt Blue commented “Cobalt Blue is excited to have a potential partner of the calibre of Iwatani Corporation. We share a common view of Australia as a supplier to the global battery industry and look forward to developing both projects with Iwatani”.

Theodor Lisovoy, Editor in Chief of the European bureau, Rough&Polished