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

SA PGM miner Royal Bafokeng boosts revenue, profit

17 march 2021
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Image credit: Royal Bafokeng

South African platinum group metals (PGM) miner Royal Bafokeng’s revenue jumped 78.6% to 13.38 billion rand ($871.97 million) in the year ended December 31, 2020, from R7.5 billion, a year earlier.
Prices of platinum and sister metals firmed last year by more than 80% since a crash around mid-March, according to Reuters. 
The increase was driven by strong demand from the auto industry as a result of tight supply.
Royal Bafokeng, which produces platinum, palladium and rhodium said its headline earnings per share (HEPS) - the main profit measure in South Africa - leapt to 1,354 cents in 2020 from 50 cents the previous year.
The company also declared its maiden dividend of 575 cents per share for the year.
Meanwhile, Royal Bafokeng said it was suspending any expansion plans.
“We will be very cautious of trying to run before we walk properly,” company chief executive Steve Phiri said.

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