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...

Today

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

Richland Resources mulls re-opening Tanzania graphite mine

06 december 2012

Richland Resources has commenced a feasibility study to evaluate restarting production at the Merelani Graphite Mine located within the company’s existing Block C licence area, where it  has mined tanzanite since 2004.
It said in a statement that the feasibility study would assess the graphite value in these tanzanite tailings as well as the viability of re-developing open-pit graphite operations.
“Located within our existing licence area, 1 km from current tanzanite mining operations, there are several potential partnerships available to develop both a tailings reclamation operation and restart the open pit graphite mining operation,” said Richland Resources chief executive Bernard Olivier.
"Graphite is a specialist market and we have initiated a feasibility study, following on from discussions with parties interested in securing a long-term source of material. Our intention is to build shareholder value from a profitable production portfolio with minimal costs.”
Richland also said that the re-opening of its graphite mine was meant to take advantage of the recent surge in the price.
Graphite was currently fetching over $2,500 from between $480-$550 per tonne when the Merelani graphite mine was closed.
Historically, the licence area hosted the producing Merelani Graphite Mine until closure of the operations in 1998.
Sufficient reserves were initially identified for a 40-year operation at a mining rate of 15,000 tonnes per annum of high-grade flake graphite of 97-98 percent purity.
The mine, however, ran into financial problems in 1997, and the last shipment of remaining stockpiled ore was made in February 1998.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished