Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

De Beers inaugurated its GemFair pilot programme in Sierra Leone’s Kono District with 14-member mine sites in 2018 to create a secure route to market for ethically sourced artisanal and small-scale diamonds. GemFair programme manager Ruby Stocklin-Weinberg...

16 august 2021

Trustco secures $85.8mln for development, expansion of Sierra Leone diamond mine

30 october 2020
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Meya Prosperity diamond                                                                                                                            Image credit: Graff


Namibia’s Trustco Resources has secured a debt facility of $50 million and an export credit facility of $35.8 million for the development and expansion of the resources segment, with the emphasis on its diamond mining asset in Sierra Leone, Meya Mining.
It said the combined facilities would ensure that Meya Mining’s initial mine configuration targeting 360 000 carats per annum is fully capitalised, thus enable the mine to transition into commercial production within an 18-month period post funding. 
Trustco said Meya’s mine plan will for the first seven years shall focus on the depletion of the Meya River domain from where the 476-carat Meya Prosperity diamond was recovered, which presents the highest geo-economical potential. 
Meya holds a four-year exclusive diamond exploration licence over the Kono District. 

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