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

Anglo boosts Q1 PGMs output

23 april 2021
Anglo American says its platinum group metals (PGMs) production increased by 6% to 694,900 ounces in the first quarter of 2021, due to the lower impact of COVID-19, with lockdowns starting in late the first quarter of 2020. 
It said production at Mogalakwena, in South Africa, jumped by 17% due to the higher throughput, as well as a higher grade. 
Amandelbult production, also in South Africa, decreased by 7%, as testing increased in response to the second wave of Covid-19, delaying the return to work of employees following the Christmas holiday period. Joint ventures' production increased by 6%, largely due to a lower year-on-year COVID-19 impact.
It said the purchase of concentrate leaped by 9% to 326,300 ounces, also largely due to a lower year-on-year Covid-19 impact.
Anglo said refined production increased by 59% to 973,000 ounces as the Anglo Converter Plant (ACP) Phase A unit was fully operational following completion of the rebuild in November 2020 and despite planned maintenance at the base metals refinery.
The ACP Phase B rebuild was on schedule for completion in the second half of 2021. 
Anglo said sales volumes increased by 66%, pushed by higher refined production, supplemented by the drawdown of minor metals from refined inventory.
The average realised basket price of $2,219/PGM ounce reflects strong prices, particularly for rhodium and the minor metals, partly offset by higher than normal sales of lower-priced ruthenium. The sales mix is expected to revert to normalised levels for the rest of the year.
Anglo said production guidance (metal in concentrate) remained unchanged at 4.2-4.6 million ounces, while that of refined production guidance was also unchanged at 4.6-5.0 million ounces. 
However, both are subject to the extent of further COVID-19-related disruption.

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