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

De Beers heavy investment at Venetia shows confidence in SA - minister

05 february 2014

South Africa said despite some challenges that the country has been experiencing in the recent past, the democratic government has created an environment conducive for inclusive growth and enduring partnerships.
The country’s mineral resources minister Susan Shabangu told a mining indaba, in Cape Town that the recent substantial investments in the development of the mining industry confirmed this assertion.
She acknowledged De Beers’ R20 billion (over $2 billion) underground expansion of Venetia as one of the affirmation of investor confidence in South Africa.
De Beers started construction of a new underground mine beneath its open pit Venetia Mine last October.
The expansion would extend the life of Venetia beyond 2040 and replace the open pit as South Africa’s largest diamond mine.  
With underground production expected to commence in 2021, over its life, the mine would treat about 130 million tonnes of ore, containing close to 96 million carats, it said.
Meanwhile, Shabangu said that the South African government was “excited” about major game-changing discoveries of untapped potential for petroleum development, spanning both off-shore and on-shore, including shale gas.  
She said in respect of shale gas, the geology indicated a potential for 485 trillion cubic feet (TCF) resource of shale gas trapped in the Karoo formations.
“We have published the Technical Regulations for the development of shale gas for public comments and the final Regulations will be released shortly,” she said.
“We will move ahead decisively, yet responsibly, with the exploration of shale gas, and to unleash its potential contribution to, amongst others, cost-competitive energy security, employment creation and a range of other latent benefits to the country.”
Shabangu said the country was also nurturing the development of its nascent offshore oil and gas prospects.
“We welcome a number of multinationals that have expressed interest in the development of this resource. We cannot emphasise enough the need for South Africans to have a fair share from the development of their natural resources,” she said.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished from Cape Town, South Africa