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 records EBITDA of R63 bln in H1

27 july 2021
Anglo Platinum has recorded earnings before interest, taxes, depreciation, and amortisation (EBITDA) of R63.3 billion in the first six months of 2021, a 385% increase from R13.1 billion in the first half of 2020.
It said the mining EBITDA margin was 71% from 44%, a year earlier driven by higher prices for its commodities and steady sales volume performance. 
The company’s balance sheet was strong, with net cash of R57.6 billion, after paying H2 2020 dividends of R9.4 billion and R16.6 billion in taxes and royalties.
Net sales revenue increased by 155% to R107.5 billion from R42.2 billion, a year earlier, mainly driven by robust PGM prices, and higher production and sales. 
The PGM dollar basket price increased by 47% to $2,884 per PGM ounce, attributable to a 34% increase in the platinum price and a 177% increase in the price of rhodium. 
The stronger US dollar basket price, partially offset by a 12% strengthening of the rand against the US dollar, resulted in a 29% higher rand basket price of R41,400 per PGM ounce sold from the previous year’s R32,166.
Meanwhile, Anglo said platinum is likely to be in surplus in 2021 but will shift towards a deficit in the next few years, as substitution of palladium in gasoline catalysts will mean significant increases in automotive platinum demand.
“Palladium’s deficit, again substantial in 2021, will gradually shrink for the opposite reason,” it said. “Rhodium, which is likely to be near to balance in 2021, looks set to have a widening deficit as automotive demand improves.”

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