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

Impala to burn cash until 2011

14 september 2009

Impala Platinum, the world’s second largest platinum producer, would be cash negative after capital expenditure for two years, the group’s CEO, David Brown, said in an interview, according to miningmx.com.
“The next two years we will burn cash,” said Brown. “But we have R3.5bn in undrawn facilities.”
In its annual results in the year ended June, Impala said it had net cash of R1.36bn.
Impala had suspended the development of its Leeuwkop mine which it bought from African Platinum in 2007, and the expansion of Marula – projects expected to consume R10bn in cash over five years.
But Brown said Impala Platinum was proceeding with the $340m two-phase expansion of Zimplats.
The group was also unlikely to reach this year’s 1.8 million ounces production target after a two week strike, and safety related changes made to the No 14 shaft at Rustenburg mine sliced a 100,000 oz off output.