Mustang Resources found another deposit of rubies in its concessions Montepuez (Montepuez) in the northern Mozambican province of Cabo Delgado.
This Australian mining company, which also has a controlling stake in two exploration licenses diamonds along the Sava River in central Mozambique, has found 19 more rubies, bringing the total number of found stones to 29, a total weight of 5.79 carats.
"The fact that our prospecting party produced 29 high-quality rubies, today is a very encouraging factor and once again points to the potential value of the stones, which can be produced on the project Montepuez," - said Managing Director Christiaan Jordaan (Christiaan Jordaan), the words which leads the Mozambique news agency (Agência de Informação de Moçambique).
Mustang Resources is developing the field from the outset, taking away small samples in various alluvial areas.
After compiling a geological region Mustang card should go to the bulk sampling program, as indicated by the news agency.
The sample will include the processing of the material at a rate of 800 tons per day in order to get a better idea of the distribution of the precious stones in their classes and sizes in this field.
Montepuez Ruby Project consists of three concessions covering an area of 15.8 hectares next to the world's largest deposit of ruby, which is mining company Gemfields.
Last month, Mustang Resources announced its first discovery of 10 rubies in its initial sampling program.
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More than 100,000 of jewelry stores of more than 300 associations across India on February 10 will hold a one-day strike to protest against the new law, according to which the provision of taxpayer's personal number (Permanent Account Number, PAN) becomes mandatory for purchases amounting to more than $ 2943. It is expected that due to the strike of the jewelry business in India will suffer a loss of $ 147 million.
"We are categorically against these control measures that seriously affect millions of jewelers and artisans involved in the industry. All associations are discussing a joint plan of protest throughout the country and have announced a strike on February 10, "- said Bachhradzh Bamalva (Bachhraj Bamalwa), chairman of the All India Federation of trade in precious stones and jewelery (All India gems and Jewelry trade Federation , GJF).
He said that the GJF is discussing with the Ministry of Finance the opportunity to raise the threshold of PAN to $ 14715.
Nevertheless, the Indian Association of gold and jewelers (India Bullion and Jewellers Association Ltd, IBJA) said it would not participate in the strike. Mohit Cambodia (Mohit Kamboj), President IBJA, said industry representatives should think twice before organizing such a strike. After many years, the Government of India has now become a positive attitude to the gold industry, the abolition of the "80:20 rule" and a number of other negative industry initiatives.
The strike - not the only way to protest. The Indian government has imposed restrictions on all industries in order to reduce the volume of the shadow market and IBJA fully supports the Government in this endeavor.
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