De Beers: Some sightholders unable to meet environmental commitments

The diamond miner had been working with its rough diamond customers known as Sightholders to understand their environmental commitments and journey towards carbon neutrality. It developed, with the help of the Carbon Trust, a set of tools that it requires...

Yesterday

Dr M'zée Fula Ngenge: KP has an opportunity to deliver an updated definition of conflict diamonds

Dr M'zée Fula Ngenge told Rough&Polished’s Mathew Nyaungwa that the KP has the perfect set of circumstances to restore the certification scheme's credibility by backing, ushering in and implementing an effective traceability solution for the...

13 may 2024

Zimnisky: Diamonds are incongruent with Anglo's longer-term strategy of focusing on commodities for green infrastructure

It was recently reported that the diversified miner Anglo American, which is subject to a takeover by BHP Group for $39 billion, is considering selling its subsidiary De Beers. New York-based independent diamond and jewellery analyst Paul Zimnisky told...

06 may 2024

ODC managing director Mmetla Masire: We need to be responsible and not oversupply the market

Okavango Diamond Company (ODC) managing director Mmetla Masire told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that there is still a lot of inventory and there is a need for all players in the diamond industry to trade responsibly...

22 april 2024

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

Jubilee third financial quarter PGM 6E output slides

19 april 2024

Jubilee Metals’ platinum group metals 6E (PGM 6E) production in South Africa dropped to 8 339 oz in the third quarter of the fiscal year (FY) 2024 compared to 10 131 oz in the second quarter of FY2024, mainly due to reduced available stock of lower grade feed material.

It said the year-to-date (nine months to 31 March 2024) PGM 6E production was 3.6% lower at 28 583 oz compared to 29 645 oz for the comparative period.

However, Jubilee posted a record chrome production of 408 710 tonnes in the third quarter compared to the preceding quarter's output of 381 114 tonnes, despite being a quarter traditionally known for lower production rates due to the January holiday period.

Its year-to-date chrome concentrate production increased by 19.2% to reach just above 1, 1 million tonnes compared to 944 832 tonnes a year earlier.

“Our South African chrome operations have delivered an exceptional performance, setting new record production levels for both the quarter and our monthly output for March 2024,” said Jubilee chief executive Leon Coetzer.

“The team’s performance speaks to our renowned technical and processing capabilities supported by the modular expansion approach. The processing efficiencies underpinning this performance continue to offer additional growth opportunities in this sector.”

The company said its chrome and PGM production guidance remains unchanged at 1.45 million tonnes of chrome concentrates, and 40 000 to 42 000 PGM 6E oz for the current financial year ending June 2024.

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