Sale of Maharashtra bonds 2031

The Government of Maharashtra has issued a total bond of Rs. 3000 crore for a period of 11 years. The sale will be subject to the terms and conditions mentioned in the specified notification of the Government, as well as the terms and conditions mentioned in the amended general notification dated May 16, 2019 of the State Government LNF 10.19 / Q.No.10 / Arthapaya, amended from time to time.

Over 100 macro diamonds recovered

Botswana Diamonds (BOD), announces that the company has concluded the processing of two bulk samples taken from the Marsfontein diamond development project in the Limpopo Province of South Africa. The samples comprised 58-tons of fresh high-interest kimberlite and 62-tons of kimberlitic material from one of the residual stockpiles, known as ‘Dump E’.

Sizable segment of Indian investors in Gold

In the Retail gold insights: India Investment Report, World Gold Council (WGC) say, “We have identified a sizable segment of Indian investors that have never previously invested in gold but would consider doing so, provided the industry is able to allay key areas of concern. A level of mistrust in the Indian gold industry is undermining potential investment.”

Somasundaram PR, Managing Director-India, WGC also expressed crucial in his forward. He inks, India’s retail investment market is changing. Government-led financial inclusion programmes, the role of technology in consumer finance, and increasing investor knowledge are re-shaping how households manage their savings and invest for the future.

Gold sales revenue of A$1706K at AuStar

AuStar Gold provides the update on its activities for the quarter ended 31 March 2020. Gold sales revenue of A$1,706,769 achieved at an average realised gold price of A$2,376 per ounce, a decrease of ~5.9% quarter on quarter (QOQ); Quarterly gold sales of 718.15 Oz Au with Dore gold production of 650.53 Oz Au (- 22% QOQ).

2,250 tonnes of gold-rich concentrate was also produced in the quarter containing an estimated 98 Oz gold;  Realised grade from the McNally’s and Stones reefs continued to perform to forecast expectations over the quarter. Milling operations continuing to achieve close to nameplate productivity with minimal operational downtime; there were nil lost time incidents, OHS or material environmental events for the quarter with AuStar Gold maintaining a high standard of Environmental, Safety and Community (ESC) outcomes.

Globalgiving Selects Kristen Baird Jewelry

GlobalGiving has announced that Kristen Baird Jewelry has been selected to receive a $5,000 Covid-19 relief and recovery grant from The Red Backpack Fund, an opportunity for small businesses and non-profits made possible by The Spanx by Sara Blakely Foundation.

“My hope is that this gift will help alleviate some of the pressures caused by this horrible pandemic. Twenty years ago, I started Spanx with $5,000 in savings, and I see this as a time to pay it forward. Small business is the backbone of our culture. I know what it’s like to be a small business owner, and I want to provide some relief to these entrepreneurs during this time,” said Spanx Founder, Sara Blakely.

Gold supply chain shows resilience

The Covid-19 pandemic has disrupted the gold supply chain unlike any other event in modern history. From mining operations to consumption, all elements of the chain have been affected. While this has led to some distortions within parts of the market, it has also allowed the supply chain to demonstrate its resilience.

The gold supply chain is truly global. Gold is mined on every continent except Antarctica, refined into bars and coins in numerous countries, and distributed far and wide. This geographical dispersion not only brings stability to the gold market, it is also necessary to satisfy demand.

Lulo kimberlite moves to new phase

Lucapa Diamond Company presented update progress on the kimberlite exploration program at the prolific Lulo diamond project in Angola. This program aims to identify the hard-rock sources of the exceptional alluvial diamonds being mined along the Cacuilo River at Lulo.

The current phase of the Lulo kimberlite exploration program commenced in 2019 after a detailed technical review of all previous results highlighted 16 kimberlites and eight other targets as being the most prospective to host diamonds.

100% in favour of Semafo Acquisition!

Endeavour Mining Corporation announce that its shareholders have voted overwhelmingly in favour of the special resolution in support of the plan of arrangement pursuant to which Endeavour will indirectly acquire all of the SEMAFO common shares on the basis of 0.1422 of an Endeavour common share for each outstanding SEMAFO Share.

Sebastien de Montessus, Endeavour President & CEO, commented: “We are pleased to have the strong support of the shareholders of Endeavour as we take this important step to create a leading West African gold producer. 

Fund raising drive for Children

Rapaport partners with Jewelers For Children in

$100,000 fund raising drive - 'Double down for the kids'

The Rapaport Group and Jewelers for Children are working together to raise $100,000 for the charity. Under the program entitled ‘Double Down for the Kids’, Rapaport will match the first $50,000 donated to Jewelers for Children.

Roberto coin presents the new campaign

Roberto Coin takes us into Mediterranean atmosphere of the ancient southern Italy’s masserie to present his new 2020 campaign. Here, time stands still in a peaceful combination of beauty and nature, far from frenzy.