Responsible business practices ‘no longer optional’, says WDC President Feriel Zerouki

The president of the World Diamond Council takes time out of her busy schedule to tell Rough&Polished readers about the critical work of the WDC. Zerouki, the first female present of the body, which includes all the important industry organizations among...

14 october 2024

James Campbell: Botswana Diamonds optimistic as it enters uncharted territory of using AI for mineral exploration

London-listed Botswana Diamonds has expressed optimism about the company’s use of artificial intelligence (AI) to scan the exploration database in Botswana to look for new mineralised deposits. Company managing director James Campbell told Rough...

07 october 2024

Artur Salyakayev: For me, happiness is freedom to make my ideas happen and create valuable products

Artur Salyakayev is an art entrepreneur, founder of the International Jewelry Academy (IJA) and the INCRUA jewelry company. He has initiated and developed successful projects in jewelry industry and services sector. He is also a leading expert...

30 september 2024

Paul Zimnisky: China key for sustained recovery in demand for natural diamonds, prices

The curtailing of upstream and midstream natural diamond production in the past months is starting to have an effect on prices, according to the New-York-based independent diamond and jewellery analyst and consultant, Paul Zimnisky. He told Rough & Polished’s...

23 september 2024

Vladimir Pilyushin: The jewelry market is not stand-alone and moves by the same laws as other markets

Vladimir Pilyushin is editor-in-chief of Russian Jeweler, a leading magazine about the jewelry industry in Russia. He told Rough&Polished about his view on the evolution of the jewelry industry in Russia and touched upon some of its problems.

16 september 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