GJ Town India

The Africa’s largest gold producer   Asante Gold Corporation says, “Ghana is the Africa’s largest gold producer with the production of +4mn oz of gold per year!” Gold has been continuously mined in Ghana for centuries since it was part of the old Mali Empire in the 14th century, and in more recent times when it was known as the Gold Coast. During 120 years of near continuous production, Ghana’s largest underground mine, AngloGold Ashanti’s Obuasi mine, has recorded production exceeding 33M oz of Au.  In the last 20 years, major and junior companies including Newmont, Kinross, Goldfields, Golden Star, Galiano Gold and Perseus, have also committed significant resources to operations in the country. Ghana is Africa’s largest gold producer, with output of circa 4.0 million troy ounces per year, and is the 7th largest gold producer in the World.   Ghana is a mining friendly country and in 2015 ranked 6th in Africa on the World Bank’s Ease of Doing Business barometer. Other features are tw

  Orion will acquire Centerra's 50% interest   Premier Gold Mines and Centerra Gold announces that an affiliate of the Orion Mine Finance Group, has entered into an agreement with Centerra and Premier pursuant to which Orion will acquire Centerra's 50% interest in the Greenstone Gold Mines-GGM Partnership for cash consideration of US$225 million plus certain contingent payment obligations of approximately US$75 million, described below. Premier currently owns the other 50% of GGM.   GGM’s principal asset is the Hard rock Mine Project located on the Trans-Canada Highway near Gerald ton, Ontario, Canada and represents one of the most significant large-scale, permitted, mine development opportunities in North America. Under the terms of the Purchase Agreement, Premier and Centerra, through their respective affiliates, will cause GGM to provide a guarantee to Centerra in respect of the obligations of Orion to make the Contingent Payments, if any, and with respect to an early te

A year to forget or one to learn from   WDC at the year end! Edward Asscher, WDC President inks at the end & said, “As 2020 comes to an end, I am sure you are also asking yourselves-was it a year to forget as quickly as possible, or was it a year from which we have learned a lot?”   One should not underestimate the suffering that numerous people have been subject to. The Covid disease caused a general sense of depression, experienced by many, and especially those from younger generations. It also caused great financial burden imposed on companies and individuals, and above all the loss of life of so many, dear to us. This indeed makes it a period that one would prefer to forget. But 2020 was also characterized by industry’s enduring resilience. Retail sales did dip, but then rebounded, even in countries where infection and casualty rates were high. Never before have we seen such a fast fall in polished diamond inventories and such a rapid return in demand.   So, apart from

The diamond market improved continuously!   At the juncture of providing the update on Q2 FY 2021 trading, Petra Diamonds said, the diamond market has continued to show improved demand for rough diamonds, as evidenced by the publicly disclosed sales from the majors De Beers and Alrosa, with polished stock and industry debt levels at lower levels than they were at the same time in 2019 due to positive consumer demand as we enter the holiday retail season.   In particular, demand for larger stones (+1 carat) have improved and there are expectations that this will carry into the new calendar year. However, there remains a risk around further disruption as a result of Covid-19. In terms of production in Q2 FY 2021 to date, the Cullinan mine continues to run ahead of the Company’s internal plan, combined with the positive revenue impact of the sale of the Letlapa Tala Collection for US$40.36 million in November 2020. The Finsch mine, however, has seen higher than expected levels of wast

Surat with new connectivity! Belgaum-Surat-Kishangarh route operationalised The first flight operations from Belgaum (Karnataka) to Surat (Gujarat) to Kishangarh (Ajmer) were flagged off under the RCS-UDAN (Regional Connectivity Scheme – Ude Desh Ka Aam Nagrik) of the Government of India. More than 300 routes have been operationalised under the UDAN scheme, and the flag off marks the inauguration of the 303rd route under the ambit of the scheme.   The officials of the Ministry of Civil Aviation (MoCA) and Airport Authority of India (AAI) were present at the inauguration. The launch of the flight operations on the Surat-Kishangarh-Belgaum route aligns with the government’s objective to provide air connectivity with metros to the Tier-2 & Tier-3 cities of the country under UDAN. In its constant endeavour to link the unconnected regions, Star Air was awarded the Belgaum-Surat-Kishangarh route during the UDAN 3 bidding process last year. The airlines are being provided Viability G

Digital Courses offered by the Institute! Learnathon, the e-learning platform by J K Diamonds Institute of Gems & Jewelry has had a very successful 2020 for several students from different countries participated in Digital Courses offered by the Institute.  Now, Learnathon offers students a choice in a number of courses such as Online Gemology, Online Jewelry Design Graduate CAD, Online Jewelry Design Graduate Manual, Online Retail Jewelry Business Management, Online Digital Luxury Branding and more.  The Institute has stood as a motivational beacon for students during this pandemic.  By launching the live virtual learning system, it has pushed students to strive towards their goals, even during tough times. The institute has successfully trained more than 100 students online from more than 6 different countries, and has received excellent reviews during the lockdown. Another milestone set by J. K. Diamonds Institute of Gems & Jewelry once again. There has been an excellent use

Odisha poised to be the global economic hotspot   Here is the changing landscape and view for the Odisha! Technology is creating new opportunities and Odisha being uniquely placed, one can work anywhere in the world by staying in Odisha. Find out for gem-n-jewellery! Odisha is uniquely poised to become the global economic hotspot, says Shri Dharmendra Pradhan talking to a group of Chartered Accountants! Minister of Petroleum and Natural Gas & Steel Shri Dharmendra Pradhan today addressed a webinar on “CA: The Catalyst-learning, unlearning and relearning” at VSM series organized by Rourkela, Sambalpur and Jharsuguda branch of ICAI.   Shri Minister Pradhan while speaking at the event said that Odisha is uniquely poised to become the global economic hotspot. He said that with rich mineral resources, demographic dividend and market, Odisha is uniquely poised to leverage the upcoming opportunities in the global markets.  He said that the country is coming out of the Covid-19 crisis a