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

Evraz Intends to Close the Deal on Acquisition of 51% in Timir Project Shortly

20 june 2012

Evraz Plc expects closing transaction concerning acquisition of 51% stake in iron ore project Timir from OJSC AK ALROSA soon, according to a statement by Evraz Vice President on large-scale projects Marat Atnashev speaking during teleconference, RIA Novosti reported.
“The deal between ALROSA and Timir is approaching to approval stage at the federal government level. There was certain delay related, inter alia, to change of the cabinet, but the process has accelerated after that. We were able to understand all issues and concerns of the government related to the above project, we provided our response to that and now we expect to receive governmental approval to finalize the transaction,” - Atnashev noted.
In September 2011 AK ALROSA and Evraz signed agreement establishing a joint venture aimed at development of Timir iron ore project. Evraz was supposed to acquire 51% stake in Timir Mining and Metallurgical company from the diamond mining giant which will retain 49% share. The parties expected to close the deal in the first quarter of 2012.
The amount of transaction was estimated at about 5 billion rubles. However Federal Property Management Agency has not yet issued appropriate directive within the scope of the deal.
Timir project includes four iron ore deposits, namely Tayozhnoye, Desovskoye, Tarynnakhskoye and Gorkitskoye, with total commercial iron ore reserves assessed at about 5 billion tonnes of iron ore. The development of the four deposits is part of the Russia’s government program ‘Integrated Development of South Yakutia’, aimed at creating a large industrial region with well-developed infrastructure.
“We believe that Timir joint venture will successfully fit in metallurgical assets portfolio of Evraz and we retain solid optimism in respect of its development,” – Atnashev added.