Gold Production at Premier reached over 20K oz

The report of Premier Gold Mines for third quarter (Q3 – 2018) Production says, Mercedes Mine produced 17,465 ounces of gold; a 26% increase over Q2 2018, South Arturo produced 2,635 ounces of gold from Phase 2 stockpiles & total silver production of 89,512 ounces in Q3.

The increase in production from Mercedes quarter over quarter is consistent with the Company’s previous guidance, where production is weighted toward the second half of 2018. Production from South Arturo has exceeded annual guidance, benefitting from a decision to accelerate processing of the Phase 2 ore stockpile.

A new ritual with rare Platinum!

When traditions demand buying a precious metal, shouldn’t it be the rarest? Mark a new beginning this Diwali with rare and precious platinum. Being 30 times rarer than gold and 95% pure, the naturally occurring luminescent white metal symbolizes purity, wealth, power and strength making it an ideal choice for an auspicious start.

It also makes for the choicest of gifts for loved ones this Diwali. Platinum comes in range of exquisite designs in jewellery for men and women who appreciate the highest quality in jewellery. The stunning pieces complement every ensemble and exude perfection, strength and individuality. Crafted keeping in mind the urban Indian woman and man, the designs inspired by international trends, balance modernity with traditional influences making it a perfect Diwali gift to indulge your loved ones with.

MSMEs access loan in 59 minute

The Prime Minister, Shri Narendra Modi, today launched a historic support and outreach programme for the Micro, Small and Medium Enterprises (MSME) sector. As part of this programme, the Prime Minister unveiled12 key initiatives which will help the growth, expansion and facilitation of MSMEs across the country.

The Prime Minister said that the 12 decisions that he is announcing today, will mark a new chapter for the MSME sector. Noting that MSMEs are one of the principal employment generators in India, the Prime Minister recalled the glorious Indian traditions of small scale industry, including Ludhiana’s hosiery, and Varanasi’s sarees.

OPIC commits $125mn for SMEs

Access to risk capital SMEs in India

The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, today signed a $125 million commitment with Greater Pacific Capital (GPC) to support growth capital to medium-sized companies in India. OPIC Counselor to the President Frank Dunlevy and Greater Pacific Capital Chief Executive Officer Ketan Patel signed the agreement in London.

Access to risk capital remains limited for small- and medium-sized enterprises in India & that restricting their ability to grow, hire, and contribute to overall economic growth. OPIC will contribute to a $700 million fund established by GPC to expand access to financing for growing companies in India operating in the healthcare, energy, technology, agricultural, and services sectors.

Hallmark makes it gold!

Bureau of Indian Standards (BIS) just launched their latest gold Hallmarking awareness campaign that speaks to consumers through popular media like electronic, print and digital. A holistic marketing campaign aims to create awareness amongst consumers to buy Hallmarked gold during festive season.

The effort of raising awareness around Hallmarking is rooted in true-to-life stories that consumers can relate to. The stories for every medium are different and the messages for hallmarking have a refreshed approach. The television commercial showcases connect of gold across generations, geographies and occasions.

De Beers events that set the sustainability

Two significant De Beers Group gatherings were held this month, highlighting the Group’s role in setting the agenda on sustainability and hearing from researchers on topics that are critical to our commitment to protecting the natural world. First, there was the Sustainability Conference and then, two weeks later, came the 9th Oppenheimer-De Beers Group Research Conference, both held at the Group’s Johannesburg campus.

The Sustainability Conference’s theme was building De Beers Group to be fit for the future. It provided the opportunity for delegates to share, engage and network, and raised awareness on the link between sustainability and the company’s strategy, including our brand, people and approach to innovation. Delegates were able to gain an understanding of the Group’s sustainability priorities and key programmes to drive zero harm and increase positive contributions to society.

Karishma Kapoor inaugurates store in Pimple Saudagar

Following the success of its first franchise store in Aundh, India’s most trusted jewellery brand PNG Jewellers inaugurated their 2nd franchise store within 15 days in Pimple Saudagar today. Inauguration of the store was done by Karishma Kapoor, she one of the crowned jewels of the Bollywood legacy family. The new store will offer a wide range of PNG's signature gold, silver and diamond jewellery.

Spread 700 sq ft, this franchise store is spacious and offers some of the most classic yet contemporary jewellery designs for new age women. Strategically located at Shivar Chowk in Pimple Saudagar, it is a developing residential area that attracts a newer population of the city and hence makes it an obvious location for PNG to have another store which will increase their customer base.

TBZ-The Original enters Punjab

After the successful launch of its first store in North India at Noida, TBZ – The Original has now opened a new store in the land of 5 rivers, Punjab. Ludhiana, the city known for its pomp and splendor and equally for its traditional roots is a perfect fit for TBZ – The Original which is India’s most trusted and well- known Jewellery brand known for dazzling collections and a legacy of purity & tradition that goes back 154 years.

TBZ- The Original also brings to consumers an exciting offer of NO making charges on all Diamond Jewellery plus a special offer of only Rs. 225 per gram on making charges for all Gold Jewellery. The first 50 buyers will get a FREE GOLD COIN. Walk in for an amazing experience and stunning offers while celebrating design and craftsmanship!

India jumps to 23 in EoDB

The World Bank released its latest Doing Business Report (DBR, 2019) today in New Delhi. India has recorded a jump of 23 positions against its rank of 100 in 2017 to be placed now at 77thrank among 190 countries assessed by the World Bank. India's leap of 23 ranks in the Ease of Doing Business ranking is significant considering that last year India had improved its rank by 30 places, a rare feat for any large and diverse country of the size of India. As a result of continued efforts by the Government, India has improved its rank by 53 positions in last two years and 65positions in last four years.

The Doing Business assessment provides objective measures of business regulations and their enforcement across 190 economies on ten parameters affecting a business through its life cycle. The DBR ranks countries on the basis of Distance to Frontier (DTF), a score that shows the gap of an economy to the global best practice. This year, India’s DTF score improved to 67.23 from 60.76 in the previous year.

India has improved its rank in 6 out of 10 indicators and has moved closer to international best practices (Distance to Frontier score) on 7 out of the 10 indicators. But, the most dramatic improvements have been registered in the indicators related to 'Construction Permits' and 'Trading across Borders'.

In grant of construction permits, India's rank improved from 181 in 2017 to 52in 2018, an improvement of 129 ranks in a single year. In 'Trading across Borders', India's rank improved by 66 positions moving from 146 in 2017 to 80in 2018. The changes in six indicators where India improved its rank are as follows:

The important features of India's performance this year are:

•              The World Bank has recognized India as one of the top improvers for the year.

•              This is the second consecutive year for which India has been recognized as one of the top improvers.

•              India is the first BRICS and South Asian country to be recognized as top improvers in consecutive years.

•              India has recorded the highest improvement in two years by any large country since 2011 in the Doing business assessment by improving its rank by 53 positions.

•              As a result of continued performance, India is now placed at first position among South Asian countries as against 6th in 2014.

 Indicator wise highlights of India’s performance are:

A.            Construction Permits –

a.             Procedures reduced from 37 to 20 in Mumbai and from 24 to 16 in Delhi

b.             Time reduced from 128.5 to 99 days in Mumbai and from 157.5 to 91 days in Delhi

c.             Building quality control index improved from 12 to 14 in Mumbai and 11 to 14 in Delhi

d.             Cost of obtaining construction permits reduced from 23.2 percent to 5.4 percent

e.             DTF score improved from 38.80 to 73.81

B.            Trading Across Borders:

Commissioning of new diamond mine

Lucapa Diamond Company announces the commissioning of the 1.1Mtpa treatment plant has commenced at the high-quality Mothae kimberlite diamond mine in Lesotho. First commercial diamond recoveries are expected from the Mothae mine in early November 2018, complementing production from the high-quality Lulo alluvial diamond mine operated by Lucapa in Angola.

 

Production from the 1.1Mtpa Mothae treatment plant, which incorporates two XRT diamond recovery circuits, will be ramped up to its nameplate capacity throughout the December Quarter. Selection of Mothae bulk sampling diamonds, including Specials of up to 89 carats, from the 2,500 carat parcel exported to Antwerp in the September 2018.