Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

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

Jwaneng Mine Cut 8 project is just a continuation of business says Debswana

10 december 2009

Botswana’s Debswana, which is the world’s largest diamond producer by value say the recent approval of a capital expenditure by board of directors for the Jwaneng Mine Cut 8 project seeks to extend the life of the mine by 7 years from 2017 to 2024.
Debswana’s Public & Corporate Affairs group manager Esther Kanaimba told Rough&Polished in an interview from Botswana that the project will also optimise long term distribution to shareholders whilst contributing to the development of Botswana at large.
She said the total cost of the project implementation stage was estimated at 3.6 billion BWP (539 million USD) while the total investment including all costs associated with the mining stage would be around 24 billion BWP (3.6 billion USD).
Kanaimba said the lifespan of the current Cut 6 and Cut 7 projects was nearing an end, hence the proposed Cut 8 project will ensure continuity of supply of diamonds by Debswana.
She also said Debswana’s pits at Jwaneng mine, which are currently 330 metres deep will go deeper between 500 and 600 metres once the Cut 8 project kick-starts.
The mine, which produced 13 million carats per annum before the global economic crisis hit, is expected to maintain the same levels once the industry recovers, said Debswana’s spokesperson.
She, however, declined to unveil this year’s output from Debswana’s mines saying this would be done “soon” once thorough auditing is done.   
Debswana’s chairman Eric Molale recently said the Cut 8 project would “catapult Jwaneng mine towards super-pit status”.

Veronica Novoselova, Rough&Polished African Bureau editor in Namibia