Demand will pick up once the season starts

N Anantha Padmanaban took charge as the Chairman of the All India Gem & Jewellery Domestic Council (GJC) in January 2019. He has immense hopes and confidence in the Indian jewellery sector. His motto is to ‘ensure that after the day’s business...

14 october 2019

Prospects for discovering new diamond deposits in the Arkhangelsk Province are far from exhausted

ALMAZINTECH is engaged in technical auditing and comprehensive assessment of activities performed by exploration, diamond mining and gold mining businesses in Russia and other countries, as well as carries out research and development. It employs highly...

07 october 2019

Botswana Diamonds eyes expansion of Thorny River to include Marsfontein – Campbell

Botswana Diamonds, which has a 40% stake in Thorny River, through Vutomi, said there are plans to expand the project located in South Africa to include Marsfontein once a mining permit for the latter has been awarded. Company managing director James...

30 september 2019

Diamond knife and tender system: The tight-fisted paying twice?

LLC Kristalin is the only company in Russia that manufactures microsurgical diamond blades for domestic healthcare that meet international requirements and are used in ophthalmology, neurosurgery and plastic surgery. Mikhail Zhiltsov, the company’s Deputy...

23 september 2019

Didier Giard: Stiff competition among the diamantaires is one of the factors of the price war

On September 9, 2019, the French Association of Gemmology (l’Association Française de Gemmologie, AFG) held its regular Paris Gemmological Rendez-Vous. Its organizer, Didier Giar, the head of the AFG kindly agreed to answer questions from Rough&Polished...

16 september 2019

Vast raises £1.8m for Zimbabwe operation

01 october 2019

VAST_Resources_logo.jpgVast Resources has raised in aggregate £1.8 million, before costs, through the issue 902.5 million ordinary at a price of 0.20p per share.
The AIM-listed mining company said the cash raised from the subscription, which includes payment for expenditure already incurred, will be used for mobilisation and for general purposes necessary for the establishment of its operations in Zimbabwe.
Vast said it also expects to sign binding documentation for a finance facility of $13.5 million later this week.
Vast recently signed a joint venture agreement with Chiadzwa Mineral Resources (CMR) to mine diamonds in Chiadzwa (Marange), in Zimbabwe. 
CMR is a company designated to represent the Chiadzwa community interests in the Chiadzwa community diamond concession.  
This resulted in the formation of Katanga Mining, which is in turn expected to sign a joint venture agreement this week with the state-owned Zimbabwe Consolidated Diamond Company (ZCDC).
Vast’s 25%-owned Dallaglio Investments also acquired a 95% interest in the Eureka gold mine, in Zimbabwe, earlier this year.

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