NEWS

India visits US, meets USTR

India visits US, meets USTR

To take forward the robust commercial ties with the United States and to resolve outstanding bilateral trade issues, a delegation led by Union Minister of Commerce & Industry and Civil Aviation Suresh Prabhu visited USA recently for meetings with his US interlocutors.

 

During the visit, he held series of discussions with key officials including the US Trade Representative (USTR), Robert E. Lighthizer, Secretary of Commerce, Mr. Wilbur L. Ross and Secretary of Agriculture, Mr. Sonny Perdue. The Minister also had a joint meeting with the India Caucus Co-chairs Senator Mark Robert Warner and Senator John Cornyn.

 


 


Sectoral export promotion plans reviewed!

Sectoral export promotion plans reviewed!

Export credit important for export promotion

 

The Department of Commerce will soon open 10 offices in Indian missions abroad for accelerating export promotion activities. This was informed by Commerce & Industry Minister, Suresh Prabhu, during review of the sectoral export promotion plans prepared by Ministries and Departments in New Delhi today. He said a conference of Heads of Indian missions has been scheduled in June end in which trade promotion measures will be discussed.

 

The Minister stressed on branding of Indian products and export credit as important focus areas for export promotion. He also said that efforts should be made for getting priority sector lending status for export credit and directed the logistics division of the Ministry to work upon measures like bulk cargo transportation to reduce freight costs.

 


A$2.7 mn from Lulo diamond sales

A$2.7 mn from Lulo diamond sales

Lucapa Diamond Company have completed a further sale of alluvial diamonds from the Lulo Diamond Project in Angola. The parcel of 1,782 carats achieved gross sale proceeds of US$2.0 million (A$2.7 million), representing an average price per carat of US$1,150 (A$1,530).

 

The sale excluded a number of large white Specials and a coloured Special recovered which were not presented for sale and were held for a future sale. The sale took gross proceeds from Lulo diamond sales to date in H1 2018 to US$15.9 million (A$20.2 million) at an average price per carat of US$1,642 (A$2,093).

 


Nexus Gold to Conduct Geochemical Survey

Nexus Gold to Conduct Geochemical Survey

Nexus Gold announces that it is initiating a 105-line kilometer geochemical survey on the Rakounga permit located in central Burkina Faso, West Africa. The survey is designed to aid in identifying gold mineralization which may occur in the nine-kilometer gap between the Koala showing on the Company's adjacent 38-sq km Bouboulou Gold Concession, and the Koaltenga showing, located on the western edge the 250-sq km Rakounga Gold Concession.

 

"We're pleased to get the 2018 work program underway," said president & CEO, Alex Klenman. "This is an important step in the development of Bouboulou-Rakounga. The area we're covering has the potential to significantly expand the mineralized footprint. Ultimately, we are looking at this project to produce a resource estimate and the data generated by this survey will move us closer to that goal," continued Mr. Klenman.

 


Visitor’s flooded UGJIS 2018!

Visitor’s flooded UGJIS 2018!

The show concludes today!

 

Shri Fatechand Ranka, Managing Director, Ranka Jewellers Private Limited and Shri K Srinivasan, Managing Director, Emerald Jewel Industry India Limited had opened up the show to run through June 16 & up to 18, 2018 & to conclude today!

 

UGJIS 2018 spread in 30,000 sq ft at Auto Cluster Exhibition & Convention Centre, Pimpri-Chinchwad, Pune. UGJIS encourages trade within the gem and jewellery group and is an exclusive B2B show and not open to the general public.

 


Buying jewellery, a personal experience

Buying jewellery, a personal experience

Buying jewellery is an extremely personal experience and we understand that. The jewellery that you buy is a subtle indicator of your style, an expression of your feelings, and it's also a long-term investment! After all, precious jewellery literally lasts forever.

 

That is why we have poured our heart and soul into this offering of ours - a world of jewellery and all things precious. Everything that you see here has been selected painstakingly for quality and uniqueness, and comes with a guarantee for purity.

 


MCSA launched second Mining for Schools

MCSA launched second Mining for Schools

Minerals Council South Africa first began its Mining for Schools educational initiative in 2017. The aim of the initiative was to develop educational material to support the needs of South African learners, while at the same time providing accurate and positive information about the mining industry to the public at large.

 

The content of the Mining for Schools initiative aligns with the Grade 12 Economic Geography of South Africa: Mining section of the South African Department of Basic Education’s Curriculum and Assessment Policy Statement (CAPS).

 


Tariffs war will undermine US progress!

Tariffs war will undermine US progress!

The National Retail Federation issued the following statement from President and CEO Matthew Shay after the Trump administration announced it will issue tariffs on $50 billion of Chinese imports.  “Tariffs are taxes on American consumers, plain and simple. These tariffs won’t reduce or eliminate China’s abusive trade practices, but they will strain the budgets of working families by raising consumer prices.

 

"Tax reform has increased the paychecks of American workers, encouraged U.S. companies to expand and invest in their workforces, and unleashed the strongest levels of consumer confidence in a generation. Unfortunately, these tariffs and the retaliation China has promised put all this economic progress at risk. Once again, we urge the administration to change course and develop a clear and comprehensive strategy to hold China accountable.”

 


Gold investment environment

Gold investment environment

Recently World Gold Council (WGC) held the inaugural Investment Summit in conjunction with NYU Stern Business School. The Summit aimed to raise the global conversation on gold, both in terms of its role in addressing critical long-term investment challenges, as well as its broader relevance in society. Here the attempt is to ‘Understanding the global investment environment’ from their published paper, ‘Tackling long-term global investment challenges.’

 

The macro-economic environment is changing as the axis of influence shifts from West to East. The roles of China and the US epitomise and reflect this shift. Against this dynamic backdrop, the first session of the Investment Summit focused on the long-term outlook for these two economies.


Dynacor Produces 6.4 % more in May

Dynacor Produces 6.4 % more in May

Dynacor Gold Mines reports that its May 2018 gold production reached  to 6,902 ounces at its Veta Dorada plant which is similar to the production in the previous month. During the month of May 7,985 dry metric tonnes (DMT) of mineralized material were processed (6.4 % above the forecast of 7,500 DMT).

 


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