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26.01.2015
Mining Indaba MD says changes to be seen at this year’s event, focus on core mission
jonathan_moore_x.jpgInvesting in African Mining Indaba will take place in the resort town of Cape Town, in South Africa early next month. Jonathan Moore, the managing director of Mining Indaba told Rough & Polished’s Mathew Nyaungwa in an exclusive interview last Friday that the acquisition of the Indaba organiser last July by Euromoney was positive. He said as a result, there would be some noticeable changes at this year’s event as they seek to re-affirm the core value mission of the Mining Indaba, which was to unite investors, mining companies and African mining ministers to put foreign direct capital to work on the continent.

19.01.2015
World diamond market is driven by globalization - Marcel Zalc
marcel_zalc_x.jpgMarcel Zalc, a famous Belgian diamantaire having over 35 years in diamond trading under his belt, shared his vision of the state of and prospects for the global diamond market with the Rough&Polished correspondent in Brussels. It is noteworthy that Mr. Zalc was one of the diamantaires, who addressed a complaint to the European Commission in early 2000 regarding De Beers, which, in their opinion, occupied a dominant position in the diamond market in Antwerp and thus violated the EU legislation on free competition.

12.01.2015
Russia will develop the ‘Sestroretsk Diamond Pipe’
alexander_kolyadin_preview.jpgINREAL, established in the early 1990s, is now a pacemaker in the production of industrial diamond goods and diamond grinding powder, which enjoy brisk demand from a variety of industries, including those manufacturing high-tech products. INREAL gave birth to other two independent entities, which are Nevsky Brilliant and New Diamond Technologies. Nevsky Brilliant is manufacturing polished diamonds from natural rough diamonds of all sizes, while New Diamond Technologies is focused on synthesizing high-quality single diamond crystals. The combination of all the three companies resulted in a holding engaged in waste-free diamond production. Rough&Polished asked Alexander Kolyadin, CEO of INREAL to tell our readers about what is being done by this holding in the field of diamond synthesis.





Arkhangelskgeoldobycha will start development of Grib diamond pipe in 2013

14.04.2011

Subsidiary of oil company LUKOIL OJSC Arkhangelskgeoldobycha (AGD) plans to recover 58 million carats of diamonds during the first 16 years of development of Grib pipe diamond deposit, Finmarket agency reported citing a statement released by press office of the Government of the Arkhangelsk Region. Within the above period Arkhangelskgeoldobycha will conduct open-pit mining activities which are expected to start at the end of 2013. Total diamond reserves of Grib diamond pipe are estimated at 98.5 million carats.
Grib diamond pipe is located at the south edge of Verkhotina field, which saw geologic exploration works conducted till the end of 2009, in compliance with the license. Exploration was effected in partnership with French Foraco which signed a contract for drilling of large-size wells for adjustment of quality and quantity of diamond reserves.
It was previously expected that AGD will recover first commercial gems at Grib pipe in 2015.
Mining and processing complex to be constructed at diamond pipe will have capacity to process 4.5 million tonnes of ore per year. The life span of the pipe amounts to 25 – 35 years and depends on the method of development.
Vice President of LUKOIL Leonid Fedun announced that previously mineable diamond reserves of the deposit were estimated at $6.5 billion while later the valuation was adjusted to $11 billion.

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