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

Polyus Gold to Apply Photo Metric Separation Technology at Natalka Project

05 february 2014

Polyus Gold International Limited recently announced that, in light of the challenging market conditions, the Company has decided to re-sequence the development of the Natalka project and delay the launch of the plant to summer 2015 from the previously announced target of summer 2014.
Although it is operationally possible to commence gold production at the Natalka mine as previously planned, Polyus Gold deems it prudent to postpone its commissioning given the recent substantial decline in the gold price and the possibility of further weakness, the company said in press release. The decision to extend the construction schedule will, therefore, enable Polyus Gold to better balance the capital requirements of Natalka with the need to maintain a sound balance sheet and robust funding position in the uncertain macro environment.
Further to a deferral of the project's residual capex, the re-sequencing will allow the сompany to identify additional cost and operational efficiencies, including the optimisation of capital and operating expenditures, improvements to the project design and the potential implementation of the photo metric separation technology (optical sorting) as a way to pre-enrich the ore.
Polyus Gold expects to finalise a detailed plan of improvements to the project by the middle of 2014 following a thorough project assessment review scheduled for H1 2014. In the meantime, construction works onsite will continue, albeit at a slower pace as compared to previously planned. Mining works which actively commenced in 2013 in accordance with the license terms will also continue.
Pavel Grachev, Interim Chief Executive Officer of Polyus Gold, commented: “Polyus Gold remains fully committed to bringing Natalka on stream. Once in operation, it will be Russia's largest gold mine with its first stage producing an average of 500 thousand ounces of gold per year.”