The most beautiful jewel’s dream

The most beautiful jewel is to have a dream, by Peroni & Parise! Peroni & Parise is one with the history, vision, skills and tenacity of its two partners, Lorenzo and Roberto. Yesterday, a small laboratory today an enterprise; First their craft and commercial skills, then, together, the value of those who work side by side with them.

In a short span 55 projects approved NDB!

Union Minister of Finance & Corporate Affairs Smt. Nirmala Sitharaman attended the Special Board of Governors meeting of the New Development Bank (NDB) through video-conference. The agenda included the election of next President of NDB, appointment of Vice-President and Chief Risk Officer and membership expansion.

Retail Gold Insights: India Jewellery!

 Survey highlights that 60% of Indian women own gold jewellery and 37% of Indian women have not bought gold jewellery in the past but are open to buying it in the future

The World Gold Council’s ‘Retail Gold Insights: India Jewellery’ report highlighted that 37% of Indian women have never bought gold jewellery in the past but would consider buying it in the future, presenting a significant potential audience for retail jewellers to capture. 60% of Indian women already own gold jewellery; it is the second most popular item among ‘fashion and lifestyle’ shoppers – preceded only by designer clothes/silk sarees.

Restore SA Economy urgently!

Minerals Council President Mxolisi Mgojo has called on all the leaders of the mining industry to commit to continuing to address the Covid-19 health threat with uncompromising vigour. He was speaking at today’s online Minerals Council Annual General Meeting.

Mr Mgojo said he believed that the industry had been implementing vigilantly the Standard Operating Procedure developed by the Minerals Council in consultation with the industry’s health experts, and also the regulations.

He also paid tribute to “the very helpful and business-like engagements over the past few months with Minister Mantashe who, like his other colleagues in government, has had to balance economic survival with the health of the people of South Africa (SA).”

Endeavour report RGMPs

Endeavour publishes sustainability report and advances implementation of Responsible Gold Mining Principles (RGMPs). The 2019 Sustainability Report reflects efforts to increase transparency & executive compensation linked to Environment, Social and Governance (ESG) targets!

Further the report says, 1: The 2019 Sustainability Report reflects Endeavour’s commitment to increase transparency and improve disclosure, 2: Augmented climate change disclosure including Scope 3 CO2 emissions and completion of CDP Climate Change questionnaire, 3: Commitment to begin reporting in line with Task Force on Climate-related Financial Disclosures & other major points.

PNG resumption with sanitization measures

PNG re-opens with new sanitization measures

Pune based, heritage jewellery brand, PNG Jewellers re-opened their stores on the 21st of May 2020 on receiving a nod from the authorities. Most of their stores across Maharashtra, barring Mumbai MMR, Camp area and Hinjewadi are now open.

Maharashtra to set EoDB with MSMEs package!

Like the central government, the state government is also planning to help small and medium enterprises. Its preparation is in the final stages. This will be announced after the approval of the Cabinet. This will try to ease the burden of interest on small scale industries, said Industry Minister Subhash Desai here today.

He was speaking at a webinar organized by media house. Mr. Desai said the industry cycle, which has come to a standstill due to corona, is slowly gaining momentum. At present, 50,000 industries have been started in the state and 13 lakh workers have been recruited in them. 43,000 factories have applied for licenses.

Borrowing Unlikely to Translate into Stimulus

Dr Devendra Pant, Chief Economist and Head Public Finance inks with Dr. Sunil Kumar Sinha, Principal Economist and Director Public Finance & Amit Jain, Analyst of India Ratings and Research says, Increased Central Government Borrowing Unlikely to Translate into Meaningful Fiscal Stimulus!

India Ratings and Research (Ind-Ra) believes the central government’s announcement of enhancing the gross borrowings to INR12 trillion from the budgeted INR7.8 trillion in FY21 will largely take care of the revenue shortfall, leaving little space for fiscal stimulus, unless the centre sharply cuts the budgeted capex and reprioritises expenditure.

OceanaGold production over 80K Oz in 1Q

OceanaGold reports production and costs for the first quarter ended March 31, 2020. Key highlights of the Company said, Michael Holmes appointed President and Chief Executive Officer, following nearly eight years as Chief Operating Officer.

Asanko gold production totalled over 66K Oz

Asanko Gold results for the first quarter (Q1) from the Asanko Gold Mine (AGM), located in Ghana, West Africa. The Company expects to release its full financial and operational results before the market opens on May 7, 2020.

AGM Q1 Gold production for the quarter totalled 66,333 ounces and a record proceeds of $104.6 million generated from gold sales of 67,820 ounces at an average realized price of $1,542 per ounce that generating record gold sales proceeds of $104.6 million for the JV. The AGM is on track to deliver its annual guidance of 225,000 to 245,000 ounces for 2020.