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

Kudu Gas project in Namibia struggles to take off ground

08 may 2009

Namibia’s Mines and Energy Ministry says the implementation of the Kudu Gas field project was going on at a slow pace and fears were high that foreign investors might be forced to withdraw from the project. 
“As far as the Kudu gas field development is concerned we have noted the slow progress in bringing this project to fruition and continue to monitor developments in order to come up with appropriate action from our side,” Mines and Energy minister Erkki Ngimtina said.
The Namibian government had hoped to have the long-awaited NAD 5 billion (1USD=8.35 NAD) Kudu gas power project at Oranjemund, about 130 km from the Namibian coast, up and running by 2010.
The Kudu power project had been seen as not commercially viable as it was characterized by a high US dollar-denominated gas price – meaning that the foreign exchange and hedging cost would translate into high electricity tariffs.
The minister said there was, however, need for the license, which would be expiring in August this year, to be renewed to ensure the completion of the project. 
Disagreements over the project have also surfaced, with gas supplier company Tullow Oil insisting that NamPower, buy the gas in US dollars whereas the Namibian power utility wanted to buy it with local currency since it sells its commodity in Namibian dollars.
Other dominant areas of negotiations between Tullow Oil and NamPower include the price at which this gas could be sold.
The Kudu Gas field is estimated to contain 1, 3 trillion cubic feet of proven natural gas reserves.

Veronica Novoselova, Rough&Polished African bureau editor in Namibia