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...


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

South Africa Mitigates Objection to Merger of Xstrata and Anglo Diamond Miners

15 july 2009

Following a request made by South Africa’s Ministry of Mineral Resources for more details pertaining to Xstrata’s proposed merger of equals with the Anglo American diamond mining giant, Mining Weekly points to a possible softening in the South African stance in the matter of the merger.
Mineral resources departmental spokesperson Jeremy Michaels disclosed that diamond miner Xstrata’s CEO Mick Davis and Anglo’s CEO Cynthia Carroll had met with South African Mineral Resources Minister Susan Shabangu and Mineral Resources DG Sandile Nogxina The government has now adopted a stance of close observation of developments.
Mining Weekly quotes Michaels as stating: “We are watching the Xstrata proposal very closely. We’ve asked for more detail to get the full picture of the implications. As we have said before, our concerns are what the impact of such a proposed merger would be on mining jobs and competition in particular and we will continue to engage with them about it.”
Xstrata executive GM group strategy and corporate affairs Thras Moraitis stated recently: “We can help to create more engineers. We know that South Africa is low on the scale of engineering graduates, while the graduation of a large number of engineers in emerging countries like India and China is at the core of the engine that is growing those economies, and we need to redress that in South Africa."
Moraitis added that the merging of BHP and the Billiton mining companies had resulted in the creation of the world’s leading diversified mining company and noted that the merging of the Anglo and Xstrata mining giants could result in the combined entity being able to go “toe-to-toe” with BHP Billiton, which yielded a 389% return for shareholders during the merging.
Xstrata has offered assurances that it will refrain from South African retrenchments at the operational level.