06.09.2010

“Diamonds Looking Forward to the Chindia Decades”

The recently ended annual Botswana Resource Sector Conference, which was convened in the capital, Gaborone, saw several speakers making presentations on diamond mining and other mining sectors. Among the speakers was James Allan, the director of a corporate finance firm, Allan Hochreiter. In his presentation, Allan estimated that diamond prices will return to 2008 levels by end of 2010 owing to the global economic recovery and strong demand from emerging markets such as China and India. He also said that the two Asian countries will be major players in the diamond market in the next two decades. Rough & Polished’s Mathew Nyaungwa caught up with Allan on the sidelines of the conference to find out more on his presentation. Below are the excerpts.

30.08.2010

Alexander Boguslavsky: Everything Points to a Rise in Gold Prices in the Near Future

Alexander Boguslavsky, General Manager of the Prioksky Nonferrous Metals Plant, which celebrated its 20^th anniversary from the date of its first output, gave the following interview to Rough&Polished.

25.08.2010

Nizhne-Lenskoye: If our new predicted resources will be confirmed, we shall be able to increase our output by 25-30%

Nizhne-Lenskoye, a public company established in 1994, is engaged in mining natural diamonds in Eastern Siberia (Yakutia). It is the first diamond-mining enterprise in Yakutia which is independent of ALROSA Group. The company’s only shareholder is the Republic of Sakha (Yakutia) represented by its Ministry for Property Relations. Nizhne-Lenskoye produces about $100 million worth of diamonds a year. Vladimir Kychkin, CEO of Nizhne-Lenskoye, answers the questions of Rough&Polished.