NEWS

The 3rd China Gold ready to run from 24

The 3rd China Gold ready to run from 24

Hosted by China Gold Association and World Gold Council, the 3rd China Gold Congress and Expo will be held on July 24-26, 2018 in China National Convention Center. China Gold officially gets the support from the relevant China and foreign government and industrial institution.

 

As the only national gold and precious metals event, China Gold covers the entire mineral value chain under the streams of Gold Mining, Gold Investment Market and Gold Consumption. That includes gold mining, smelting and processing, market trend forecasting for gold investment, gold consumer products, particularly jewelry design and technology.

 


Reinforcement in Fura management!

Reinforcement in Fura management!

Fura Gems appoints Mr. Dibya Baral as Director - Technical Services, Mr. Rahul Gopal as Director - Security and Risk Control and Mr. Amit Sharma as Head – Geology for Mozambique.

 

Both Mr. Baral and Mr. Gopal will be based in Fura’s administrative headquarters in Dubai and will be reporting to Mr. Ashim Roy, Vice President - Operations. Mr. Baral will be responsible for Fura’s overall technical functions, including mining, geology, processing plants and other technical services.

 

Mr. Gopal will be responsible for the security and risk functions. Mr Sharma will be based in Montepuez and will be reporting to the Project Manager-Mozambique. Mr. Sharma will be responsible for the exploration and mining operations of Fura’s Mozambican ruby project.

 


Alrosa held large diamonds auction!

Alrosa held large diamonds auction!

Alrosa, the world's largest diamond mining company, has sold special size rough diamonds (weighing more than 10.8 carats) during the international auction in Dubai, which took place from May 27 to June 14, 2018. The results were summed up on June 18.

 

The company has sold 111 gem-quality lots with the total weight of 1,725 carats. The overall revenue from sales amounted to $10.5 million. 32 companies from the largest diamond trading centers (India, Belgium, Israel, Russia, the United Arab Emirates and the United States) were recognized as winners.

 


CBIC fortnight successfully concluded

CBIC fortnight successfully concluded

Total GST refund disposed till 16th June, 2018 stands at Rs 41,548 crore; Rs.6,087 crore IGST refund sanctioned in the 2nd Special Refund Fortnight extended from 31st May, 2018 to 16th June, 2018.

In line with the commitment of Government to liquidate all pending GST refunds filed till 30th April, 2018, the Central Board of Indirect Taxes and Customs (CBIC) has successfully concluded the 2nd Special Refund Fortnight extended from 31st May, 2018 to 16th June, 2018.

 

By the end of 16th June, 2018, Rs.6,087 crore IGST refund has been sanctioned in the refund fortnight. The interesting facts during the second fortnight are (i) about 1,68,191 shipping bills have been processed (ii) IGST refund claims of about 9,293 exporters have been sanctioned including about 3500 new exporters, whose refunds had been held up, have got their refund sanctioned.

 


Lucara Tender 12 achieves US$ 32.48 mn

Lucara Tender 12 achieves US$ 32.48 mn

Lucara Diamond announces the results from its 12th Exceptional Stone Tender (EST).  The tender consisted of 10 single stone lots, ranging from 472.37 to 40.4 carats in size, totaling 1,453.06 carats, included two diamonds greater than 300 carats, and achieved gross revenues of US$ 32.48 Million (US$ 22,356 per carat). The 327.48 carat diamond sold for US$ 10.1 Million (US$ 30,900/ct).

 

Eira Thomas CEO, stated, "Lucara is very pleased with the outcome of EST12, which was comprised of diamonds produced during 2018, including several diamonds recovered from the EM/PK(S) unit during February and April of this year.

 


 

De Beers Destroying Transparency

De Beers Destroying Transparency

Rapaport Claims De Beers Does Not Allow

Clients to Disclose the Source of Their Diamonds

 

The Rapaport Group has issued a statement saying that De Beers is destroying transparency in the diamond industry by not allowing its clients to disclose the source of their diamonds. The full text of the statement is available here.

 

The statement claims that “all De Beers’ rough diamonds are now opaque. That’s 42% of the world’s legitimate diamond production in 2017, and $14.993 billion of rough diamonds from 2015 through 2017.”

 


Klondike to carry $2.5mn exploration program

Klondike to carry $2.5mn exploration program

Klondike Gold is accelerating district scale exploration designed to outline new target areas by concurrently completing full geophysical surveying, structural and lithologic mapping, and soil geochemical coverage of the Klondike District property during this 2018 season. 

 

This comprehensive multi-disciplinary surveying, the first ever undertaken across the Klondike District, is already yielding new insights that can provide faster and more efficient exploration of known targets, and in addition can screen for new target areas in the majority of the district which has not been explored.

 


Dynacor Sets the course to the future

Dynacor Sets the course to the future

Dynacor Gold Mines publishes a summary of its strategic plan to update its shareholders and the market on the steps management is taking to transform the company by 2021 into the leading processor of gold mineralized material produced by artisanal mining, worldwide.

 

Dynacor’s new corporate mission statement in the strategic plan states “To be an eco-responsible ore processor by establishing and maintaining a true partnership with artisanal gold miners as well as with the local communities wherever we operate around the world”.

 


Embrace the opportunities of KP Reform

Embrace the opportunities of KP Reform

WDC demonstrates commitment to ongoing

Positive change at 2018 KP Intersessional Meeting

 

The World Diamond Council (WDC), an industry group focused on preventing conflict diamonds from entering the legitimate global supply chain and protecting the value of natural diamonds, reaffirmed its commitment to driving ongoing positive change through reform at the 2018 KP Intersessional meeting held in Antwerp, Belgium June 18-22.

 

The Intersessional is an annual forum where members gather to discuss the technical aspects of the various working groups that comprise the Kimberley Process. Individual members of the WDC currently serve on a range of KP working groups that include Monitoring, CAR Monitoring Team, Statistics, Rules and Procedures, Participation and Chairmanship, Alluvial and Artisanal Production and Diamond Experts.

 



CAR struggles for diamond exports Lift up a ban & allow CAR diamond export!

CAR struggles for diamond exports Lift up a ban & allow CAR diamond export!

At the juncture of 2018 KP Intersessional Meeting is going on & CAR struggles for diamond exports! Under the leadership of this year’s chair, the European Union, the KP Intersessional should manage to resume CAR’s diamond export. To halt any country’s economy could not be a solution but this can be an encouragement for smugglers to find its’ way, said Nayan Jani, Editor-JNI, India to fraternity.

 

According to Reuters despite a partial lifting of a ban on its diamond exports, the Central African Republic (CAR) is struggling to restore sales and seeing only a fraction of the tax revenue it once did, its mining minister said in an interview. As a member of the 81-nation Kimberley Process which certifies ethical diamond exports, CAR was banned from exporting diamonds in 2013 after rebels seized power.

 


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