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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
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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.





Botswana should offload its stake in De Beers – diamond analyst

17.11.2011

A well-known diamond industry analyst has urged Botswana not to consider upping its stake in De Beers but rather offload its current 15 percent shareholding or bundle it into a holding company.
Botswana government had up to 12 months to decide whether to use an option of increasing its stake in De Beers from the present 15 percent to 25 percent following the Oppenheimers’ decision to sell its 40 percent stake to Anglo-American.
Mmegi quoted Even-Zohar as saying that he had never seen any reason why Botswana should hold a stake in De Beers.
He alleged that Botswana only got the (eventual) 15 percent stake in De Beers because neither Anglo nor the Oppenheimer family wanted the other to hold a majority.
"For a country with a gradually depleting resource, it needs shareholders that respect the economic, budgetary and societal aspirations of the Botswana government," Even-Zohar said.
"For Botswana to hold 15 percent (or any percentage) in De Beers does not make much sense and spending these funds in other investments, diversifying out of diamonds, seems preferable.”
He said with the Debswana diamond resources, Botswana should concentrate on domestic mining production.
“Why would you need to have a small stake in a company that owns other mines in Canada, South Africa or Namibia?  You will never have a real say on policies and are only unnecessarily holding on to passive diamond investments, rather than putting the money to more attractive uses,” Even-Zohar said.
He urged the Botswana government to set up a holding company, which would give it a chance to participate and own shares in the diamond resources while convalescing its investments.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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