Part 2: KPCSC wants Russia to help end impasse on new definition of conflict diamonds

In the first installment of this two-part exclusive interview with Shamiso Mtisi, the coordinator of the Kimberley Process Civil Society Coalition (KPCSC), we focused on illegal diamond mining in the continent and where the contraband ends up...

Today

Part 1: KPCSC gives insight into illegal diamond mining, trading in Africa

Although the diamond watchdog Kimberley Process (KP) prides itself for significantly reducing the flow of conflict goods since its establishment in 2003, the Kimberley Process Civil Society Coalition (KPCSC) alleged that illegal diamond...

18 october 2021

The jewelry industry in Russia needs to be upgraded in a serious way

Dina Nasyrova is a vice-president of the International Jewelry Exhibition-Congress J-1 recently hosted by the Atrium of Gostiny Dvor in Moscow. As a partner and the Muse of the famous jeweler Ilgiz Fazulzyanov, she actively participated in the preparation...

11 october 2021

Smiling Rocks, a philanthropic business model, inspires companies to work for betterment of the world

Zulu Ghevriya, the CEO and Co-Founder of Smiling Rocks, Founder of Vedantti Jewellery and Managing Director of Prism Group has been in the diamond and jewellery industry for over 20 years. Zulu started his business, Prism Group, as a natural diamond...

04 october 2021

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...

27 september 2021

Vast upbeat about long awaited Zim diamond project

06 may 2020

VAST_Resources_logo.jpgVast Resources, which is currently awaiting the finalisation of a joint venture between its subsidiary Katanga Mining and the Zimbabwe Consolidated Diamond Company (ZCDC) in the post Covid-19 lockdown period, expects the project to play its part and be a contributor to the country's economic recovery programme post the pandemic.
The AIM-listed company said it continues to act in good faith to the benefit of Zimbabwe and the entire Chiadzwa community as well as in accordance with the instructions and direction of the relevant governmental authorities.
“The company remains confident that despite the recent COVID19 lockdown and other delays that have arisen in recent months due to matters unrelated to the relationship between the Zimbabwean Government and Vast Resources PLC, the project will be continued to the benefit of all stakeholders,” it said.
Vast recently said that it raised £600,000 before costs through a placing of 392,1 million ordinary shares to maintain its working capital.  
The mining company expected the  Chiadzwa deal to be finalised last March, but this was put on halt after the Zimbabwean government declared a 21-day lockdown, which was recently extended by two weeks.
Katanga Mining - a joint venture between Vast and the Chiadzwa Community Development Trust will work with the ZDC to develop the diamond deposit.   
Vast revised an agreement with Botswana Diamonds, which will see the latter acquire a 2.5% interest in the cashflows generated from Vast’s share in the Chiadzwa concession in exchange for providing “know-how for all aspects of exploration, mining, processing and marketing”.

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