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

Namdeb Initiates Maintenance Program at Elizabeth Bay Mine

27 august 2009

Namdeb has decided to place its Elizabeth Bay mine on a maintenance program as the plant is forecast to experience a $9.8 million (NAD 76 million) loss in 2009, RAPAPORT reported. “Namdeb’s Elizabeth Bay plant has been experiencing a number of technical challenges that have affected its ability to operate optimally,” the De Beers subsidiary noted in a statement.
Following a review of the Northern Coastal Management, Namdeb decided to place the Elizabeth Bay tailings processing on a three-shift recovery program through January 2010. It has also initiated a project to complete a pre-feasibility study report by January 2010 on Elizabeth Bay’s operational challenges, followed by a feasibility study and the subsequent implementation of a designed system. “At this early stage, the project construction is expected to run until mid-2011, followed by production ramp-up and final commissioning,” Namdeb said. Plant Maintenance and equipment preservation will be conducted throughout the process.
Namdeb reported that 57 employees have been affected by the decision, which will be redeployed to vacant positions within the company.
Elizabeth Bay is an opencast operation that has undergone three main phases of mining production, the third of which was launched in 1991. Namdeb said the mine “could potentially still provide very good profits for Namdeb in the future.” The company added, however, that it is “essential that we make the right technical and business decisions to still be able to exploit this resource for many years to come.”