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...

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

Zimbabwe Aims to Attract $16 Billion to Mine Industry

02 october 2009

Zimbabwe plans to implement “rational” mining royalties and taxes and to deregulate mineral marketing to attract as much as $16 billion in investment by 2018, Prime Minister Morgan Tsvangirai said, Bloomberg reported.
Zimbabwe will review its Mines and Minerals Act by the end of the year and aim to conclude investment guarantees with other countries, Tsvangirai said in an e-mailed copy of a speech made today to a mining conference in the capital, Harare. The government is trying to help the country recover from a decade- long recession that ended this year. 
“Zimbabwe’s mining sector presents the most immediate opportunity to attract significant investment,” said Tsvangirai, who once worked at an Anglo American Plc nickel mine. “This government, in conjunction with the mining industry, has a window of opportunity to prepare a conducive policy environment by mid-2010.” 
Companies have been deterred from investing in Zimbabwe, which has the world’s second-biggest platinum and chrome reserves, due to the economic collapse, political instability, threats of nationalization and a planned law to compel foreign mining companies to sell 51 percent of their assets to black Zimbabweans. 
In February President Robert Mugabe and Tsvangirai, the former opposition leader, set up a coalition government after intervention by the Southern African Development Community of neighboring states to end a 10-year political crisis. 
Production of gold and coal slumped during the recession and Zimbabwe’s manufacturing and agricultural industries collapsed. Export earnings tumbled as white-owned commercial farms were seized and handed over to black farmers. 
The state-owned Zimbabwe Mining Development Corp. currently oversees the sale of most minerals and metals. In February the government allowed gold miners to sell their metal directly rather than to the central bank at a set price. 
Currently diamond miners are charged a royalty of 10 percent of sales while gold miners pay 3 percent and coal producers 1 percent. 
Zimbabwe will aim to approve mine licenses within six months, Mines Minister Obert Mpofu told the conference earlier today. Some companies have been waiting for approvals since 2003, he said. 
In attempt to benefit from liberalization in Zimbabwe and improving of environment at global markets Canadian company New Dawn Mining is planning to increase its annual gold production at Zimbabwean mines to 35 – 50 thousands troy ounces during the following four years.
U.K.-based Mwana Africa Plc intends to invest $8M to development of Freda Rebecca gold mine aimed at gaining production of 50,000 tones of gold ore per month. Mwana will resume production at nickel mines Trojan and Shangani soon.