What Jagersfontein diamond mine staff should have done to avoid the dam wall collapse

A mine dam wall at South Africa’s Jagersfontein diamond mine in Free State province recently collapsed twice within two weeks, killing one person and damaging properties. The dam at the disused mine held liquid waste from a tailings reprocessing operation...

03 october 2022

“The global diamond industry must now learn to steer clear of this obstructive and outdated “blood/conflict diamond” terminology,” says Dr M’zee Fula Ngenge, Chairman, African Diamond Council

Dr M'zée Fula Ngenge, the Chairman of the African Diamond Council (ADC), a Mining Engineer and highly respected Senior Strategy Advisor celebrated 40 years in the global diamond industry this year. He acts as a professional liaison within...

26 september 2022

Anglo American Platinum makes significant investments in SA’s hydrogen economy

Anglo American Platinum continues to make significant investments in South Africa’s hydrogen economy, according to a company spokesperson. The Platinum Group Metals (PGMs) miner’s external communication principal Nomonde Ndwalaza told Rough&Polished’s...

19 september 2022

Ellen Joncheere: I am launching a new initiative to support young designers globally

Ellen Joncheere, CEO of HRD Antwerp, in an exclusive interview with Rough&Polished told about the history of the HRD Design Awards and its new, 18th edition.

12 september 2022

Hari Krishna Exports eyes untapped diamond jewellery markets

Ghanshyam Dholakia, born in a farmers’ family in a remote village Dudhala in Gujarat was inspired along with his siblings by his father to follow their destiny and this led them to Surat city - a world of opportunities! In the early seventies, Ghanshyam’s...

05 september 2022

Zimbabwe to sell smaller gold coins

16 august 2022
The Reserve Bank of Zimbabwe (RBZ) is planning to sell smaller gold coins starting from November to cater for low-income earners.
The Herald quoted the central bank governor John Magudya as saying that the small gold coins will contain 3,11 g of gold, which will cost $188, 48.
RBZ recently introduced coins weighing 33.93g for $1,823.80 or ZW$805,745.35 plus 5% to cover the cost of production and distribution.
Buyers are required to hold them for at least 180 days before selling.
On redemption, both residents and non-residents will have the option to be paid in U.S. or Zimbabwe dollars.
Mangudya said in his monetary policy statement last week that 4475 gold coins had been sold as of 10 August 2022 realising ZW$3.7 billion of which 90% was paid in local currency and the balance in foreign currency.
“The high demand for the gold coins will assist in mopping up liquidity from the market and thus strengthen the demand and enhance the value of the local currency,” he said. 
“The bank shall continue to release additional gold coins into the market on an ongoing basis in line with demand.”

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