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...

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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

Tanzanian Royalty in Mwadui Diamond project deal with Kazakh Africa Mining

02 february 2009

Tanzanian Royalty has concluded a deal with Kazakh Africa Mining for its 21 Mwadui Project Area diamond licenses in the Lake Victoria Greenstone Belt of Tanzania.
Tanzanian Royalty chairman and chief executive, Jim Sinclair said Kazakh Africa Mining could acquire a 100 percent interest on the licenses by fulfilling various option payments whereby Tanzanian Royalty would then receive a gross overriding royalty (GORR) of 1.5 percent on all diamonds sold.
The world famous Williamson diamond mine, which hosts the Mwadui kimberlite, the largest, economic diamondiferous kimberlite, is centrally located within the Mwadui Project Area.
"The agreement with Kazakh Africa Mining fits strategically into the Company's strategy of developing business relationships with entrepreneurial-minded, independent thinking, technically competent industry partners who share our vision of the mineral potential in Tanzania," Sinclair said.
He said though the business climate in the minerals sector had slowed there were no concerns expressed by Kazakh Africa Mining about the long term prospects for mineral commodities.
The Mwadui licenses are known to host alluvial gravels whose economic potential would be evaluated by Kazakh Africa Mining in future work programmes.
The type of diamond deposits that dominate the Mwadui area fall into the alluvial variety.

Mathew Nyaungwa, Rough&Polished from Tanzania