Government of India has started the production of the fourth series of the gold sovereign bonds 2016-2017 years through the Reserve Bank of India. Applications for the purchase of bonds will be accepted from today to March 3, and themselves bonds will be issued on 17 March.
The bonds will be sold through banks, offices Stock Holding Corporation of India (SHCIL) , some post offices and recognized stock exchanges - National Stock Exchange and Bombay Stock Exchange.
The bonds will be denominated in gold grams. The bonds will be valid for eight years with the possibility of redemption after the fifth year, after which will be the payment of interest. The interest rate on the bonds will be 2.5% per annum to be paid semi-annually at a nominal value of investments.
Launched by the Indian Prime Minister Narendra Modi in November 2015 gold monetization program and sovereign gold bond is aimed at reducing the consumption of metal in the country.
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Authorities in Zimbabwe reported that more than 100 kimberlites were found on the territory of this country, but for their development it will be necessary to conclude agreements with companies that will evaluate the feasibility of developing such deposits.
At the moment, only one kimberlite mine operates in Zimbabwe. Until recently, the mine of Murowa (Murowa) in the Zvishavane region (Zvishavane) was owned by Rio Tinto by 78%.
A few years ago it was reported that kimberlite was found in the Bikita area of Zimbabwe in Zimbabwe, but representatives of the country's mining ministry then said that its development was unjustified from an economic point of view.
"We need partners to scout kimberlites," "Said Deputy Minister of Mining and Mining Development Fred Moyo at a meeting on mining and infrastructure issues in Zimbabwe in Harare.
A few years ago, this South African country became one of the world's leading diamond producers, largely due to the discovery of Marange diamond fields in 2006.
Meanwhile, the peak of production in Zimbabwe fell in 2012, and has since gradually declined.
Officials in the country say that alluvial deposits of diamonds have been depleted, and diamond mining companies should start working on mines and mining diamonds from conglomerate deposits.
However, most of the diamond companies asked the government for a license for new concessions, Speaking about the lack of capital for underground mining of diamonds.
The official Harare did not heed their requests, and instead offered to consolidate all diamond companies and mines in the country into a single company.
It is expected that such a step will increase the transparency of operations and reporting of companies.
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