De Beers announced that it will start flooding their mines Snap Lake (Snap Lake) in Canada in January.
The company has received regulatory approval for the project of flooding earlier this year. De Beers tried to sell the mine, but could not reach agreement with potential buyers.
De Beers said it plans to keep the resource Snap Lake as market conditions and technical innovations will not allow the mine to operate more economically. The program extended care and maintenance will maintain long-term viability of the ore body and reduce costs, while minimizing impact on the environment and preserving the Snap Lake in the state of rest, the company added.
At the same time, De Beers withdrew from the joint venture with CanAlaska Uranium exploration of diamonds in West Athabasca in the Canadian province of Saskatchewan. The drilling program, undertaken by De Beers in September, helped found seven anomalies that are likely to be associated with magnetic minerals within the organic material in the coating layer, according to CanAlaska.
However, currently underexplored region of Western Athabasca still are of interest in terms of the search for diamonds in claim CanAlaska.
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The company KSS Limited, listed on the stock exchanges BSE, NSE and Luxembourg Stock Exchange, announced the launch of retail sales of jewelry with the launch of the brand "Bjewelz" its subsidiary Birla Jewels Ltd. The company intends to develop its retail network and plans to open 500 outlets across India in the next 3 years, says India Infoline.
About 70 outlets will be opened in cities such as Mumbai, Ahmedabad, Patna, Gwalior and other. The company expects that the brand "Bjewelz" will be revolutionary in the retail jewelry segment. This series includes a collection of contemporary jewelry at affordable prices.
Commenting on the launch of a new product, Satish Pancharev (Satish Panchariya), chairman of the board of directors of KSS Ltd, said that the purpose of the company is a real revolution jewelry segment by building a strong and trusting relationship with their partners. "Bjewelz" creating a brand, the company is thinking about how to become one of the top three fashion retailers in India in the next three years, said the head of the company.
Rattanshi Nikita (Nikita Rattanshi), director of the Birla Jewels Ltd, added: "Bjewelz" will provide its customers with a world-class environment of retail trade, which is so essential to the jewelry store. Our format is designed to not force the products to our customers, but rather to create a brand that would ensure the sale thanks to the trust of buyers. We hope that "Bjewelz" will be the preferred partner of choice for customers when it comes to buying jewelry in India. "
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