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

Australia-based miners to receive funding for rare earth projects from US

21 march 2024

The US Export-Import Bank (EXIM) offered about $850 million of investments to Australian mining companies to develop rare earth minerals projects both in Australia and in Latin America.

According to Mining.com news portal, Australian Strategic Materials (ASM) has received a letter of interest for a debt funding package of up to $600 million from EXIM to support construction of its Dubbo rare earths project northwest of Sydney. ASM is expected to make a final investment decision on the Dubbo project by the end of 2024, which has already received a $132.24 million support package from the Australian government.

Another project that EXIM has offered a $250 million financial backing to is Caldeira rare earths mine in Brazil being developed by the ASX-listed Meteoric Resources. Meteoric is targeting an investment decision late next year for Caldeira which will produce such minerals as neodymium, praseodymium, dysprosium and terbium.

Last year, the US and Australia set up a critical minerals taskforce as Australia looks to become a competitor to China, world's top rare earth minerals producer. EXIM’s support for Dubbo and Caldeira projects is linked to the potential US content in equipment, goods and services. Meanwhile, backing by a government authority is seen as key to attract commercial lenders and private investment to the sector to help secure the critical commodities.

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