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.

Yesterday

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

Tsodilo retracts contempt motion after Botswana Minister complies

11 march 2024

Tsodilo Resources has retracted its contempt motion against Botswana Minerals and Energy Minister Lefoko Moagi for not complying with a previous High Court judgement regarding prospecting licences held by Tsodilo's subsidiary Gcwihaba Resources.

The company said that the issue had been resolved, as the five licences in question were renewed for their initial two-year renewal period, beginning on April 1.

Tsodilo had submitted an interlocutory application in the Botswana High Court, requesting Moagi to provide reasons why he should not be held in contempt of court.

In the December 15 2023 ruling, the High Court deemed Moagi's refusal to renew Tsodilo's prospecting licence 020/2018 as illegal, unreasonable, and irrational.

The company stated that he was instructed to renew the licence within 14 days and synchronise the effective dates of adjacent prospecting licences 021/2018 to 024/2018 with that of the renewed licence, both of which he had neglected to do, as per a statement released on January 23.

Tsodilo's application, which has now been withdrawn, aimed to have the High Court declare Moagi in contempt of court and be fined for every day the judgement remained unsatisfied.

Tsodilo has been following the International Finance Corporation's (IFC’s) environmental, health, and safety guidelines for mining since the IFC became a shareholder over ten years ago, progressing the Xaudum Iron Formation (XIF) project accordingly.

The XIF project is located within Tsodilo’s Gcwihaba project area, which includes prospecting licences for five base, precious, and platinum group metals, as well as rare earth elements.

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