Dr M'zée Fula Ngenge: ADC shall continue to encourage sustainable and positive transformation of the African mining industry for years to come

Dr M'zée Fula Ngenge, Chairman of the African Diamond Council (ADC) & African Diamond Producers Association (ADPA), not only mirrors the recent INDABA event in Cape Town, but also clarifies his thoughts on the G7’s push to sanction...

26 february 2024

Nosiphiwo Mzamo: South Africa's State Diamond Trader wants more cutting and polishing centres by 2027

South Africa’s State Diamond Trader (SDT), which is mandated to buy and sell rough diamonds as well as promote beneficiation and equitable access to the country’s diamonds, is targeting having 20 cutting and polishing factories in the country...

19 february 2024

Vipul Shah, Chairman of GJEPC: Indian manufacturers are making cautious decisions to align inventory with demand

Vipul P Shah as Chairman of the Gem & Jewellery Export Promotion Council of India (GJEPC) has been at the forefront to drive export demand. Here, in an exclusive interview with Rough&Polished, Vipul Shah opines on the various challenges being...

12 february 2024

James Campbell: Botswana Diamonds optimistic of receiving Thorny River mining permits this year

Botswana Diamonds had hoped to commence operations in the second half of 2023 at the Thorny River hard rock kimberlite dyke system in South Africa; however, the company was unable to secure the necessary mining permits in time.

05 february 2024

Underground operations are the most economical approach to extend Jwaneng mine's lifespan – De Beers

Debswana, a 50/50 joint venture between De Beers and Botswana's government, recently announced plans to make an initial investment of $1 billion in the Jwaneng underground project. In an exclusive interview with Rough & Polished's Mathew Nyaungwa...

29 january 2024

ALROSA's profit down 15% in 2023

28 february 2024

Russian diamond mining company ALROSA reported that its profit under IFRS decreased by 15.2% in 2023 to 85.182 billion rubles ($928.5 million).

Panama's authorities to fight First Quantum in court case over mine closure - minister

28 february 2024

Panama's authorities are determined to defend the country's interests in a legal dispute with Canadian miner First Quantum, according to deputy finance minister.

Tertiary Minerals inks new JV to form new Zambia copper exploration company

28 february 2024

Tertiary Minerals has signed a new joint venture agreement with local partner Mwashia Resources, which will consolidate ownership of the Jacks, Mukai, and Mushima North exploration licences into a new Zambian company.

Oriole confirms discovery of high-grade gold mineralisation at Mbe

28 february 2024

Oriole Resources has confirmed the discovery of gold mineralisation with a commendable gradation of 25.1 g/t gold from pit sampling and 256 g/t gold from outcrop sampling along a 3-kilometer-long target at the Mbe project in Cameroon.

Online sales of 585*GOLDEN increased by 89% in 2023

28 february 2024

Online sales of the 585*GOLDEN jewelry store chain increased by 89% in 2023 compared to the previous year. The company's total revenue increased by 30% and turnover by 29.9%, amounting to 40 billion rubles excluding VAT.

Macro-economic challenges hinder Sarine's sales in 2023

27 february 2024

Sarine Technologies, a diamond technology company, has announced that its sales dropped in 2023 due to macro-economic challenges and market disruption caused by LGDs.

Sibanye-Stillwater goes ahead with restructuring in response to falling PGM prices

27 february 2024

Sibanye-Stillwater has reached a consensus with relevant parties concerning the restructuring plan for four shafts located at its platinum group metal (PGM) operations in South Africa.

AngloGold Ashanti generates $1.02 billion in gross profit, meets production target

27 february 2024

AngloGold Ashanti generated a gross profit of $1.02 billion in the 2023 fiscal year, a decrease from the previous year's figure of $1.13 billion.

Hudbay delivers strong results in 2023

27 february 2024

Canada-based miner Hudbay Minerals has published its annual results for 2023 and reported that its production and revenue were significantly better than the previous year.

Eldorado achieves higher production, better financials in 2023

26 february 2024

Eldorado Gold Corporation has announced that it has achieved the midpoint of the gold production guidance for 2023, which was in improvement over the last year. Its financial conditions also improved over 2022.