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...

Yesterday

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

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

Lucapa registers 45% increase in annual carats, revenue at Mothae

10 november 2020
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Image credit: Lucapa Diamond

Lucapa says diamond production at its 70%-owned Mothae mine, in Lesotho, is expected to grow by 45% to between 31 000 and 44 000 carats per year. 
This follows an increase in the processing plant and mine capacity to 1.6 million tonnes per annum (Mtpa) from 1.1Mtpa.
Mothae's revenue is also projected to grow 45% to between $21 million and $30 million per year.
The production target and forecast financial information are based on the mining of 9.4Mt of indicated resource to be mined from the South lobe over the first six years following the expansion.
"The resultant economies of scale achieved by moving to 1.6Mtpa reduce the unit operating costs and increase net operating margins, which should lead to increased annual earnings," it said.
The Mothae kimberlite resource contains large and high-quality diamonds, the occurrence of which, makes it the second-highest average US$ per carat kimberlite mine in the world at between $500 and $750 per carat on average.
More than 75% of the Mothae revenue comes from +4.8 carat diamonds. 
The mine also recovered three +100 carat diamonds in 2019.

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