Polished Diamond Prices Soften in October

November 3, 2015, New York ... Polished diamond prices fell in October despite rising expectations for the U.S. holiday season. Trading improved but turnover is well below last year's levels. Suppliers are holding large polished inventory, while dealers are trying to buy select goods at…

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RapNet Suspends Members Suspected of Falsifying GIA Reports

October 28, 2015, New York ... RapNet, the Rapaport Diamond Trading Network, has suspended 10 members pending further investigation. The members have also been suspended by the Gemological Institute of America (GIA) for allegedly participating in a scheme that hacked into the GIA's computer system…

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By Their Fruits

FEW ISSUES in contemporary South Africa arouse as much emotion as "the land question". Given SA’s history, it is hardly surprising that land reform should generate so much political heat. Black South Africans were devastated by land dispossession and disparities in ownership. Today, land still…

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R277 million Gansbaai to Bredasdorp road to unlock economic potential in Overberg Region

Statement by Donald Grant Minister of Transport and Public Works R277 Million Gansbaai To Bredasdorp road to unlock economic potential in Overgberh region I am honoured to be here today, during October Transport Month, to celebrate the completion of the upgraded Gansbaai to Bredasdorp road.…

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Polished Diamond Prices Slide in September

RapNet Diamond Index (RAPI™) for 1 ct. GIA-Graded Diamonds -6.3% in 3Q October 13, 2015, New York ... Diamond suppliers are under pressure as polished prices fell further in September. According to the Rapaport Monthly Report – October 2015, U.S. demand is steady as the…

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AngloGold Ashanti Reaches Three-Year Wage Deal With Majority of SA Employees

Johannesburg – AngloGold Ashanti has reached a three-year wage deal with the majority of its employees in South Africa, providing certainty to operations that accounted for little over a quarter of its total production past year. The National Union of Mineworkers (NUM), Solidarity and the…

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Groundbreaking partnership to revive Obuasi gold mine

(Accra, Ghana, 16 September 2015) – Randgold Resources Limited (“Randgold”) and AngloGold Ashanti have concluded an investment agreement (the “Agreement”) aimed at the formation of a joint venture to redevelop and operate AngloGold Ashanti’s Obuasi gold mine in Ghana.  In terms of the Agreement, Randgold…

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AngloGold Ashanti Holdings plc Offers to Repurchase Bonds to Cut Debt, Interest

AngloGold Ashanti today announced that its wholly owned subsidiary, AngloGold Ashanti Holdings plc (“AGAH”), is offering to buy back up to $810,000,000 in aggregate principal amount of its outstanding 8.5% high-yield bonds that mature in 2020, as part of its strategy to reduce debt and…

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Those responsible for the setting alight of Go George buses must be brought to justice

Earlier this afternoon, 19 August 2019, I received reports that 5 Go George buses had been set alight in George. It is alleged that disgruntled taxi operators are behind these acts of arson, following reports of stoning of buses earlier on in the day. I…

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Viskwotas misken bruines se bestaansreg

Die rasgegronde kwotas wat die ANC-regering nou op die visbedryf wil afdruk, sal die bruin gemeenskap van die Weskus wesenlik raak en kan dié mense se aandeel in die bedryf effektiewelik uitwis, sê adv. Anton Alberts, die VF Plus se parlementêre woordvoerder oor ekonomie. Ingevolge…

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