In August 2016 Rio Tinto announced that it will not continue to develop Bandar due to commercial considerations, and will roll because the entire project infrastructure. By the authorities of the Indian state, signed in January 2017, the responsibility for the Bunder project rests on the government of Madhya Pradesh.
Assets and related their infrastructure, which was handed over to the government includes all areas of the project, the company, equipment and vehicles at Bander. The list will also include a diamond samples obtained during exploration. Such an approach will help the government to begin the process of auction rights to develop Bander.
General manager of Rio Tinto diamond mining and copper Arno Suara (Arnaud Soirat) said: "The end of our work on the project Bander is the most recent example of the optimization of Rio Tinto's assets portfolio This simplifies our business and allows us to focus on our core portfolio of world-class.. we believe in the value and quality of the project Bander and will support its further development, and the best way to achieve this -. to transfer its assets to the Government of Madhya Pradesh Rio Tinto has a long and strong relations with India, and we continue to read it an important market for our metals and minerals, as well as key business service center of our company. "
Rio Tinto remains committed to the diamond business and the Indian diamond industry, while continuing to develop two major projects - Argyle (Argyle) in Australia and Diavik (Diavik) in Canada. Also, the company has a strong partnership with the Indian diamond industry, and more than 250,000 cutters in the country use the diamonds mined Rio Tinto.
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In the future, if a client in India wants to make a gold deposit under the new gold monetization scheme, instead of a bank, he will need to visit the Collecting and Purity Testing Centers (CPTC), which are traditionally known as assay centers.
With the launch of the gold monetization scheme in India on November 5, about 100 such centers will be available, licensed and fully equipped with the Bureau of Indian Standards (BIS). The success of monetization largely depends on the data infrastructure of the assay centers. Government data published earlier indicate that the number of these centers currently stands at 331, but the Indian Association of Hallmarking Centers indicate that their number has already grown to 349.
"When the scheme is launched on the eve of Diwali festival, 100 such centers will be equipped with everything necessary and licensed by the Bureau of Standards of India," said Anand Kumar, secretary of the Association.
BIS is currently testing these centers, and next week an audit of the centers located in the state of Karnataka will be conducted. On average, the centers need to invest about $ 0.5 million in order to be able to offer services for remelting and processing gold. BIS has already checked four such centers in Mumbai, three in Gujarat and two in Delhi.
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