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Zimbabwe: Rio Tinto Threatens to Shut Down Operations


15 march 2021
20 december 2007
Rio Rinto, the world s third-largest mining company, warned that Zimbabwe s proposed indigenization laws and an unviable fixed exchange rate regime could force it to shut down a gold mine and put on ice a planned $60 million diamond project.
The government has notified mining companies that it will indigenize the country s mines by forcing them by law to cede portions of their shareholding to government and locals.
The Zimbabwe Chamber of Mines confirmed that there were also plans to clamp down on illegal gold mining and companies selling precious stones at the parallel market exchange rate, Rapaport reports.
Gold companies operating in Zimbabwe have been hamstrung by the country s fixed exchange rate of 30,000 Zimbabwe dollars to the dollar while the greenback fetches up to 2 million Zimbabwe dollars on a thriving parallel market. ....

Zimbabwe Chamber , Rio Tinto , Rio Rinto , Reserve Bank , Rio Tinto Zimbabwe , De Beers , Kimberley Process , ஸிஂபாப்வே அறை , ரியோ டின்டோ , இருப்பு வங்கி , ரியோ டின்டோ ஸிஂபாப்வே , டி பியர்ஸ் , கிம்‌பர்லீ ப்ரோஸெஸ் ,

Italy feels the pressure, and responds with style


Yesterday
08 april 2010
When consumers are asked to think of a country that produces elegant and sophisticated design in many aspects of life, the name they usually come up with is Italy. But with its great success in the art of producing highly original work comes the problem of imitation. In an age of globalisation where information can be downloaded in seconds, Italian-style jewellery can be found all over the world, but it has not necessarily been made or even designed in Italy, AWDC reports.
A further problem for the country is the fallout from the global financial crisis which saw a sharp reduction in demand for jewellery in general, and high-end creations in particular. And that has forced the Italian jewellery sector to overhaul its marketing strategies, to pay closer attention to what customers actually want, to create lower price points as well as a wider range of prices, and to search for new markets. The soaring price of gold last year also has led jeweller ....

United States , United Arab Emirates , Paola Durante , America Merrill Lynch , Milton Pedraza , Domenico Girardi , Francesco Trappani , Massimo Carraro , Club Degli Orafi , World Gold Council , Luxury Institute , Vicenzaoro First , Roberto Coin , Capri Plus , Middle East , Latin American , Rozanna Wozniak , World Gold , De Beers , Kimberley Process , ஒன்றுபட்டது மாநிலங்களில் , ஒன்றுபட்டது அரபு அமீரகங்கள் , பாலா துறந்டே , அமெரிக்கா மெரில் லிஞ்ச் , மில்டன் பெட்ராஜா , டொமேநீகொ ஜிரார்டி ,