Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...

Today

Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 2019

“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

AGD DIAMONDS reports 2018 results

09 april 2019
agd_diamonds_logo_news.pngThe Board of Directors of AGD DIAMONDS announced the results of 2018 and reviewed the materials for the upcoming annual general meeting of shareholders. This follows from the company’s press release received by Rough&Polished on Tuesday. 2018 was a successful year for the Arkhangelsk-based diamond miner. The company processed 4.22 million tons of ore at its concentration plant recovering more than 5 million carats of diamonds. Mining operations reached their 100-percent target. AGD DIAMONDS had no accidents or industrial injuries in 2018 at its facilities. The miner’s sales revenue exceeded $ 300 million. 2018 saw a high demand for large-size rough of +10.8 carats, including large stones of fancy colors. The company’s investment program was implemented saving some part of the allocated budget, while the entire program to re-equip the production division (including the renewal of mining machinery) was completed. In 2018, AGD DIAMONDS upgraded its concentration plant and introduced the XRT technology to recover large-size diamonds. Last year, the company acquired the Wirtgen 2500 SM surface miner to extract ore and introduced a layer-by-layer ore breaking technique. In December 2018, AGD DIAMONDS obtained three exploration licences in the area of the Grib diamond field with an aim to replenish its mineral resources.

Victoria Quiri, Correspondent of the European Bureau, Rough&Polished, Strasbourg