Lab-grown diamond jewellery sales to breach the 10% mark for the first time this year – Zimnisky

The supply and demand for man-made diamonds had been on an increase in recent years, much to the discomfort of the natural diamonds industry. Some companies in the mid-stream segment of the natural diamond industry are now involved in the lab-grown business...

28 november 2022

Diamond mining and diamond synthesis: Which is more efficient?

Vladislav Zhdanov - Professor at the National Research University Higher School of Economics and former Vice President of ALROSA (2015-2018). He is a physicist by profession. Vladislav Zhdanov was educated at the Ural Federal University (General...

21 november 2022

The success of TAGS over the past 5 years has encouraged many large tender houses to establish regular and sizeable tender operations in Dubai

Mike Aggett is an experienced Private Consultant with a demonstrated history of working in the mining and metals industry. Skilled in Luxury Goods, Business Planning, Sales, Gemology, and Jewelry, Mike is a professional who graduated from Dover College...

14 november 2022

It all starts with stones - it is they that give impetus, determine the image and embodiment

Maxim Selikhov is the founder of the SelikhoV Diamonds brand launched in 2006, and the company manufactures unique handmade jewellery with rare high-quality gemstones. He is also known as a collector of unique and large-size jewellery stones who considers...

07 november 2022

‘Our technologies – CVD machines and growing technology – are game changers’, asserts Arnaud Flambeau, Executive Chairman, 2DOT4 Diamonds LLC

Arnaud Flambeau is the Executive Chairman of ‘2DOT4 Diamonds LLC’, Dubai, a fully integrated lab-grown diamonds company. The Company provides rough 'as grown' diamonds, in-house polished IGI certified loose polished diamonds and high-quality...

31 october 2022

TDB seals $600 mln syndicated mining transaction with Trafigura

23 november 2022
The Eastern and Southern African Trade and Development Bank (TDB), acting as a mandated lead arranger, has closed a syndicated $600 million copper and cobalt development financing facility with Trafigura in the Democratic Republic of Congo (DRC).
The facility will enable the completion of the new mechanised Mutoshi mine and processing plant in Kolwezi, and the expansion of the Etoile mine and processing plant in Lubumbashi. 
The Mutoshi mine, which will become the third largest cobalt mine globally, is expected to start production in the fourth quarter of 2023, with a production capacity of 16,000 tonnes of cobalt hydroxide and 48,000 tonnes of copper cathodes per year.
 “Over the past few years, TDB and Trafigura have been working together to meet the energy needs of TDB member states,” said TDB chief executive Michael Awori.
“We are delighted to expand our collaboration with this impactful facility in the DRC, which will not only make its mark in terms of job creation and economic development for the country but also boost our efforts towards climate change imperatives, by contributing to an increase in supply of metals which are essential to the energy transition.”
Trafigura also concluded an initial $600 million financing agreement with Chemaf Resources and Chemaf last January.

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