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

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Goldplat completes sale of Kilimapesa Gold

29 april 2021
Goldplat has concluded the sale of its subsidiary Kilimapesa Gold, which owns the Kilimapesa mine, in Kenya, to Mayflower Gold Investments.
The AIM-listed company said the conclusion of the transaction will allow it to focus on its recovery operations and Mayflower Gold's parent company Mayflower Capital Investments to accelerate its investment into Kilimapesa.
Goldplat has operations in South Africa and Ghana. 
" Mayflower has proven its commitment over the last eight months to Kilimapesa Gold Mine through the investment of capital and management resources and has raised further cash of $2 million to advance the project," said Goldplat chief executive Werner Klingenberg.
"We believe that it was opportune for us to complete the transaction at this stage to allow the Mayflower team to implement their strategic initiatives and to ensure the success of the Kilimapesa Mine for all stakeholders involved."
It said the initial consideration receivable by Goldplat is in the form of a secured debenture of $1.5-million, to be satisfied by cash and/or the issue of shares to that value in Papillon Holdings payable on Papillon's readmission to trading on the LSE following completion of the reverse takeover of Mayflower Gold with 30% of the initial consideration payable in cash.
With the completion of the sale of Kilimapesa, Goldplat is entitled to receive a 1% net smelter royalty on all production from Kilimapesa up to a maximum of $1.5-million on any future production from the mine.

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