DiaMondaine Diamantaires Club mulls diamond safari tours in southern Africa

DiaMondaine Diamantaires Club (DDC) is set to organise diamond safari tours in southern Africa, home to major diamond-producing countries. DDC founder Agnes Abdulahu told Rough&Polished’s Mathew Nyaungwa that the launch of the first diamond safari...

15 july 2024

Vladislav Zhdanov: Questions of efficiency and investment potential of diamond mining versus diamond growing pique keen interest

Vladislav Zhdanov is Professor at the National Research University Higher School of Economics (HSE). He told Rough&Polished about new researches into the effectiveness of diamond production methods.

02 july 2024

Why it's expensive to cut and polish diamonds in Africa? ADMA president António Oliveira has the answer

The African Diamond Manufacturers Association (ADMA) president António Oliveira told Rough&Polished’s Mathew Nyaungwa in an exclusive interview that the lack of a robust infrastructure in Africa fails to accelerate and encourage manufacturing...

24 june 2024

Edahn Golan: IPO feasible but not Anglo’s preferred way to sell De Beers

Edahn Golan, owner of the eponymous Edahn Golan Diamond Research and Data, told Rough&Polished's Mathew Nyaungwa in an exclusive interview that while an IPO of De Beers is “feasible,"  he does not think this is a route Anglo American...

17 june 2024

GemsCouture- avant-garde by Victor Moiseikin

Jewelry items and precious souvenirs of the MOISEIKIN jewelry brand are in the museums and private collections of world celebrities, representatives of the political and cultural elite - from Xi Jinping to the British Windsors, from Angela Merkel to...

05 june 2024

Galileo acquires controlling stake in Zim-focused gold firm

04 march 2024

Galileo Resources has successfully fulfilled all the necessary requirements to obtain an additional 51% shareholding in BC Ventures.

This brings its total shareholding in BC Ventures to 80%, when combined with its existing 29% shareholding.
The company possessed the option to obtain a 51% stake in the Bulawayo gold project in Zimbabwe by devoting $1.5 million to exploration and evaluation of the Kamativi lithium and tin project and two gold projects that comprise the Bulawayo gold project.

Nickel mineralisation is another potential discovery at the Bulawayo project, which Galileo is currently exploring.

BC Ventures possesses the three exploration licences, which are managed by Sinamatella Investments, a subsidiary based in Zimbabwe.

BC Ventures recently submitted an application to the Zimbabwean authorities seeking an additional three years to renew all exploration licences until March 2027.

Galileo chairperson Colin Bird said that the projects in Zimbabwe demonstrate great potential for new discoveries in many of the "new age" metals that are currently in high demand worldwide.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished