Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

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Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

SA advised to sell off Alexkor’s deeper offshore diamond concessions

18 june 2020
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Image credit: Alexkor



The South African government has been advised to sell two deeper offshore diamond resources  owned by the struggling state-owned diamond company, Alexkor.
Sable Metals & Minerals chief executive James Allan said in an opinion piece published by Mining Weekly that R500 million is needed for the systematic and detailed evaluation of the B and C Concessions, money that the South African government does not have.
“These deep water concessions should be sold off to capable and well-resourced private enterprise as a priority, so as to prevent a repeat of Alexkor’s recent history,” he opined.
"Mineral resources are finite, and after some 90 years of exploitation, which included high-grading, and mining without concomitant robust exploration and a mine plan due to lack of financial resources and technical capacity, Alexkor obviously faces declining production and an uncertain future.”
He said that the mineral resources minister should consult with industry experts before making any decisions on the future of Alexkor.
“It would also be appropriate to form a panel of experts, all of whom already exist, to properly oversee the future of Alexkor, and to unlock the greater long term potential of Northern Namaqualand,” writes Allan. 
Alexkor owns struggling operations in the northern Namaqualand region.
The miner’s administrator Lloyd McPatie recently told a Parliamentary Portfolio Committee on Public Enterprises that Alexkor was set to run out of cash this month, following a loss of R63.5-million ($3.6 million) in 2019.

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