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30.03.2015
White Rivers Exploration seeks JV partner to develop SA alluvial diamond asset
jochen_schweitzer_x.jpgWhite Rivers Exploration (WRE) was founded by well-known Australian explorer Mark Creasy in 2007. The company has multi-commodity tenements situated in South Africa’s Witwatersrand gold basin and Natal Coalfields, and is one of the largest gold explorers in the southern African country. Although WRE’s main target is gold, the company was exploring for a suite of 17 commodities with focus on diamonds, manganese, coal, gas and uranium.Rough & Polished’s Mathew Nyaungwa spoke to Jochen Schweitzer (Director of Shango Solutions, geological consultants to WRE) on the sidelines of the 2015 Mining Indaba, which took place in Cape Town, who provided an overview on WRE’s potential diamond deposit. Below are the excerpts.

23.03.2015
We are seeing a slow and steady rise in demand for diamond jewellery - Joy Alukkas
joy_alukkas_x.jpgJoy Alukkas, Chairman and MD of Joyalukkas Group set up his first shop in Abu Dhabi in 1987, which grew into a jewellery retail chain and continued expansion to countries like India, UK, Singapore, Malaysia, Qatar, Oman, Bahrain, Kuwait and Saudi Arabia. Today, the Joyalukkas Group is involved in various businesses other than jewellery, which includes Money Exchange Centres, Luxury Aviation, Malls, Fashion & Silks and Realty. And, in a span of just two decades, the Group has grown into a multi-billion global conglomerate. In an interview with Rough & Polished, Joy Alukkas speaks about his dreams and plans for the future of Joyalukkas Group.

16.03.2015
There are immense potentialities in India for diamond mining - T. M. Babu
tirumala_babu_x.jpgDr. T. M. Babu is an exploration geologist with 40 years of worldwide experience investigating diamonds, gold, tin, platinum, copper, and other rare metals in many parts of the world. He was associated with the Government of India in the Planning Commission and the Geological Survey of India, United Nations Development Programme (USA), BRGM (France), Wardrop Engineering Inc. (Canada), Kyrgyzstan, Coronation International (UK) and several international organizations. He has authored many books related to metals and mining and continues to do so till date... Here, Dr. Babu shares his thoughts with Rough&Polished on his work in geology.





ALROSA kicks off its first round of e-commerce selling rough diamonds

06.07.2011

On July 5, the Market Council of Russian diamond miner ALROSA summed up the results of an experimental round of online rough diamond sales. According to the company’s press release received by Rough&Polished, the auction was held for market participants on a specialized electronic platform at direct invitations from ALROSA in accordance with the effective corporate rules for rough diamond auctions.
The first electronic auction put up for sale 108 lots of standard boxes under the current stock list of ALROSA. The diamond miner invited 30 foreign and Russian companies to take part in bidding.
The trading session resulted in approximately $11 million worth of sold goods.
The Market Council considered the experimental auction successful. From the fourth quarter of this year, after fine-tuning the software, outlining the schedule and specifying the notification and participation procedures for buyers of rough diamonds, e-auctions will be carried out on a regular basis.
In 2010, ALROSA produced 34.3 million carats of diamonds worth $2,180 million. The ALROSA Group sold a total of 3,483.6 million worth of diamond goods last year, a record amount in the company’s history.

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