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.
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.
Export credit important for export
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.
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.
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).
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).
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.
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.
show concludes today!
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
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.
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.
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
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
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).
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.
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.”
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.’
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.
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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