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

South Africa: Anooraq Plans to Boost Lebowa

22 may 2009

Platinum empowerment group Anooraq Resources plans to boost production and cut costs when it takes over management control of the Lebowa Platinum Mine from Anglo Platinum on July 1, Anooraq CEO Philip Kotze said this week.
When Anooraq's R2,6bn transaction with Angloplat to buy 51% of Lebowa and increase its stake in their joint venture exploration assets to 51% from 50% was concluded, it would turn Anooraq from an exploration company to a junior miner, with potential upside for shareholders, he said on a conference call, reported.
All conditions to the transaction had now been met, except for approval by Anooraq shareholders, who would vote on the deal on June 15.
Earlier this month the companies announced that the purchase price had been reduced to R2,6bn from R3,6bn because of changed market conditions. Questioned on this, Kotze said one of the consequences of weak PGM prices was that the UG2 extension project at Lebowa could not be developed in the short term although it continued to offer potential in the long term.
According to Angloplat's latest annual report, Lebowa's equivalent refined platinum production dropped 21% last year compared with 2007 to 74200oz because of safety stoppages and labour issues, shortages of available face and a drop in head grade. Cash on-mine costs rose 53% to R13930/oz.
Kotze said Anooraq planned to turn Lebowa around from being the highest-cost platinum miner in SA. It was a 30-year old mine but it had sufficient resources to support another 100 years of mining.