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

Philippines renews contract with OceanaGold for Didipio mine

16 july 2021
Australia’s OceanaGold Corp. has announced that the Philippines has renewed its contract for the Didipio gold and copper mine for another 25 years. The operation had been halted for almost two years due to a dispute with the provincial government over the company’s license to operate.
According to OceanaGold, the renewed Financial or Technical Assistance Agreement (FTAA) applies retroactively from June 19, 2019, and keeps financial terms and conditions unchanged. It does however provide an additional 1.5% of gross revenue to be allocated to regional communities and provinces that host the operation.
OceanaGold kicked off the renewal of the 25-year permit in 2018. After it expired in June 2019, the company kept Didipio operating under a temporary license, but a blockade backed by the local government forced the Brisbane-based miner to suspend operations a few weeks later. It also had to lay off hundreds of workers.
Oceana’s statement now says, “The company’s first operational priority is the rehiring and training of its Philippine workforce, which will include a focus on safeguarding workers from the current risks associated with covid-19.” 
The miner also said that the operations will resume initially with the milling of stockpiled ore of about 19 million tonnes. Didipio, which began production in 2013 and is located 270 km north of Manila, has a measured and indicated resource of 1.3 million ounces of gold and 160,000 tonnes of copper.
OceanaGold aims to achieve full underground production capacity within 12 months, with Didipio slated to generate about 10,000 ounces of gold and 1,000 tonnes of copper per month once production is fully ramped up.

Aruna Gaitonde, Editor in Chief of the Asian Bureau, Rough&Polished