Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

Yesterday

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

27 september 2021

Sylvania realises $100mln net profit as it meets full-year production target

15 september 2021
Aim-listed Sylvania Platinum says its net profit rose by 143% to $99.8-million during the financial year ended June 30.
Its net revenue also jumped by 79% to $206.1-million from the previous year.
The adjusted group earnings before interest, taxes, depreciation and amortisation leapt by 108% to $144.9-million.
Sylvania also paid a dividend of 3.75p per ordinary share in April and has declared a yearly cash dividend of 4p per ordinary share for the period under review, which is a 150% increase on the dividend for the previous year.
Company chief executive Jaco Prinsloo said the Sylvania Dump Operations (SDO) achieved its production target of 70 043 oz of four-element (4E) platinum group metals (PGMs).
"With all operations back to normalised capacity and efficiencies during the year, the implementation of our process optimisation initiatives such as Project Echo modules and improved fines classification technology further contributed to the solid results throughout the period and enabled us to meet our stated production target for the year,” he said.
“However, as expected, the reduced mining operations of certain host mines have continued to impact on feed grades.” 
Prinsloo said the company continued to benefit from the strong PGMs price environment, which, combined with a strong operational performance, will continue to generate healthy profits.

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