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

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

PGM miner Eastplats boosts revenue from SA operations

12 may 2021
Eastplats, which owns platinum group metal (PGM) and chrome assets in South Africa, has recorded a 43% growth in revenue for the year ended December 31, 2020, of $56.1 million compared to $39.2 million in the prior year. 
It said the revenue growth is due to the strong operating results from the retreatment project.
It, however, recorded a net loss to equity shareholders of $8 million or loss of $0.08 per share for the year ended December 31 compared to earnings to equity shareholders of $100 000 or earnings of $0.00 per share for the prior year, resulting from an increase in non-cash finance costs, foreign exchange losses and the legal settlement with AlphaGlobal.
Eastplats generated about 134 tonnes of pressed filter cake PGM concentrate and delivered 32.18 tonnes in 2020.
It completed the reconfiguring and optimisation of the PGM Circuit D early this year, which also includes funding for some of the initial work required to restart the main PGM plant circuit.
The company also reported 987,003 tonnes of chrome concentrate production, a 68% increase from 2019 production.
"Circuit D's first full month of production is an important breakthrough for the company," Eastplats chief executive Diana Hu. 
"It not only created a new revenue stream in addition to the company's chrome production but will also assist and accelerate the recommissioning of the PGM Main Circuit, which is expected to add a further 600 t to 800 t a month of PGM concentrates from September, a significant boost to the company's operation and revenue growth."

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