Work hard and you will find success

Eduard Utkin, Director General of the “Jewellers’ Guild of Russia” Association, expert of the RF Chamber of Commerce and Industry’s Committee on Precious Metals and Precious Stones, told R&P about implementing the SIIS PMPS (State Integrated Information...

Yesterday

GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

Botswana Diamonds associate gets Marsfontein mining permit

29 october 2019

botswana_diamonds_logo.pngBotswana Diamonds’ associate Vutomi Mining has been granted a mining permit covering the diamond bearing gravels and residual unprocessed stockpiles surrounding the iconic Marsfontein Mine, in South Africa. 
“I am delighted that the Marsfontein mining permit has been granted and that site establishment has already commenced,” said company chairperson John Teeling.
The AIM and BSE listed diamond explorer has a 40% stake in Vutomi, which partnered with Eurafrican Diamond Corporation (EDC) to mine and process the identified deposits on both Marsfontein and Thorny River.  
EDC is said to have commenced with site establishment and commissioning is expected to commence within the next two weeks with production ramping-up once commissioning is complete. 
Cash flows from Marsfontein will be used to fund ongoing exploration work in Botswana and South Africa.
The Marsfontein mine, which comprises a kimberlite blow, was operated for two years in the late 1990’s with a pay-back of its entire development cost in less than four days.  
Marsfontein’s run of mine grade was 172cpht and its assortment was known to contain fancy coloured diamonds.
“Evaluation work on the gravels and residual stockpiles adjacent to and surrounding the mine, conducted at the time of mining, indicated them to be diamondiferous with favourable economics,” said Botswana Diamonds.
These deposits were overlooked when the mine was closed.

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