ALMAR is a case in point that will serve to develop the process of funding junior companies and geological exploration in general

Arkticheskaya Gornaya Kompaniya (AGK, Arctic Mining Company) develops the diamond deposits in the Lena-Anabar diamondiferous sub-province of Yakutia under the ALMAR (Diamonds of the Arctic) brand. This company attracts investments for...

10 may 2021

Stephan Wolzok: When we’re all able to go back to our “normal” lives, then the market will do the same

Rubel & Ménasché, the well-known Paris-based diamond company, has been supplying the jewelry houses of Place Vendôme with high-end small goods for over 50 years. The company has been granted European Commission “Authorized Economic Operator” (AEO)...

03 may 2021

Advanced Diamond Online Academy - how Branko Deljanin raises awareness among industry professionals

The intercontinental diamond educational web series, launched by BrankoGems Advanced Diamond Online Academy, premiered on April 9, 2021. A special course, created for diamond professionals, aims to raise awareness among industry players on diamonds...

26 april 2021

Igor Kevchenkov - “The things that will survive us”

Igor Kevchenkov, Director General of ‘Russkaya Yuvelirnaya Kompaniya (Russian Jewellery Company) No. 1’, one of the seasoned professionals in the jewellery industry due to many years of experience, answered the questions about the state of the...

19 april 2021

Gold brings stability, acts as insurance, and generates higher risk-adjusted returns especially in times of heightened uncertainty

Somasundaram PR (Som) joined the World Gold Council in January 2013, as Managing Director, India. Based in Mumbai, Som is responsible for leading the World Gold Council's activities across the Indian gold market. Som has over 27 years of...

12 april 2021

Sylvania drops Q3 PGMs output as revenue rises

04 may 2021
Sylvania says its platinum group metals (PGMs) output dropped by 5% quarter-on-quarter to 17 420 oz in the third quarter ended March 31 2021 in line with its projections for the quarter, which is historically a lower-producing quarter.
The Aim-listed miner, which has operations in South Africa, accrued $74.2-million of net revenue from its Sylvania Dump Operations (SDO) for the quarter compared to $43.7-million recorded in the second quarter of the 2021 financial year.
Its core earnings for the third quarter jumped to $58.7-million from $29.1-million in the second quarter.
Sylvania’s net profit also leapt to $41.3-million from the second quarter’s $20.3-million, allowing it to pay a dividend of $14.3-million.
“The group has benefited from a strong PGMs basket price, boosted by the high rhodium price, as well as the recent performance of both iridium and ruthenium which contributed to the record profits for the quarter,” said company chief executive Jaco Prinsloo.
He said the group was on course to produce about 70 000 oz of PGMs for the full financial year.

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