Wednesday, May 31, 2017

Granting permission for mineral extraction

Company BlueRock Diamonds, whose shares are traded on the AIM stock exchange, signed an agreement with Koedonza Olives on the development of the 1.5-hectare kimberlite pipe, known as the Jubilee (Jubilee), in Vindzorton area (Windsorton), located 40 km north of Kimberley in South Africa.
Diamond mining company, which owns and operates the mine Kareevley (Kareevlei) in South Africa, said that it intends to select the bulk sample of up to 2,500 tons, to assess the commercial viability of the tube.
This work, as stated in Bluerock, must be made within six months after granting permission for mineral extraction, which Koedonza submitted for review and expects to receive in the next few weeks.
"Kimberlite ore will be sent for processing at the processing plant at the existing mine BlueRock Kareevley - said the company -. The aim of this work will be to clarify the possible content and the quality of any diamond originating from tube Anniversary".
"If the sampling results are positive, Bluerock will be able to extend the terms of the agreement for the duration of the permit for the extraction of minerals, which can be up to 5 years with further extension."
Meanwhile, Bluerock said that the auction in Johannesburg, she was able to implement a parcel of diamonds weighing 206 carats at an average price of $ 438 per carat and the most expensive diamond weighing 9.5 carats left to the buyer at a price of $ 3,750 per carat.
Previous average for all diamonds mined at the mine Kareevley amounted to $ 293 per carat.

1 comment:

Pearl Necklace said...


Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) will participate in the exhibition Jewellery Arabia 2015, held at the International Center of exhibitions and conferences in Bahrain from 27 to 28 November 2015. In GJEPC pavilion will feature 57 leading companies of the industry of gems and jewelry in India. In addition, the Council will give its pavilion on the new look of the show.
The Indian pavilion, which occupies a significant 840 square meters of exhibition space, again demonstrate the exquisite craftsmanship and jewelry collections, including jewelry high-end diamond, gold and platinum. Some diamonds, inlaid with gold jewelry, designer jewelry, high-end jewelry is also the exhibition visitors will be presented wedding and exclusive products.
For the market in the Middle East, the Indian participants will also demonstrate the jewelry with colored stones, sapphires, emeralds, rubies and diamonds solitaire. Also jewelry made of platinum and palladium will be presented this year.
Chairman GJEPC Pravinshankar Pandya (Praveenshankar Pandya) Chairman GJEPC, spoke on the theme of the participation of the Indian delegation in Jewellery Arabia: "The Middle East has become one of the key markets for the leading companies in the field of precious stones and jewelry, and currently 30% of the total India's exports of gems and jewelery accounted for by this region. Jewellery Arabia has become an important platform for increasing trade with the region. the Middle East is a key market for India and will continue GJEPC etc. Ilagan efforts to increase the share of Indian companies in this market. "
"Wants to design jewelry in the Middle East and India are very similar, and therefore started in India jewelery demand enjoyed here for many years", - said Pandya.
According to GJEPC, trade with the Middle East continues to grow steadily. Exports to the UAE alone amounted to $ 10.5 billion in 2014.
On Jewellery Arabia 2015 jewelry exhibition duration of five days, it will feature more than 600 exhibitors from 30 countries, who will offer their gems and jewelry on a total area of 18,000 square meters. The audience will be shown a huge range of finished jewelery, watches, precious stones, antiques, art objects, jewelry packaging options and technologies from around the world.