The event is officially supported by the Chinese Association of gold (China Gold Association) and the Shanghai Gold Exchange (Shanghai Gold Exchange), and organized by the Shanghai Association of trade in gold and jewelery (Shanghai Gold & Jewelry Trade Association), together with IGVision, constantly attracts international participants and key stakeholders side gold industry, gold refiners and refineries, bullion dealers, mints, gold investment banks, jewelers, gold and commodity exchanges, financial institutions, service providers, and that kzhe officials. The summit allows them to share their knowledge on the most important and valuable issues in gold and precious metals industry, as well as allowing them to meet and work closely with each other. The event is considered the largest and most important international conferences in the field of gold and precious metals in China.
The efforts of the organizers and participants of the contribution in the decade of the summit makes it all the more important international event, which is the exclusive source of information. In 2016, at the summit will be held on the following issues:
- Better understanding of the market of gold and precious metals, which is growing thanks to the development of China's economy, and the RMB internationalization strategy;
- The study of emerging opportunities in cross-border investment in a gold mine, and the gold trade;
- The chances and ways to smooth the effects of government policies, such as the US Federal Reserve, the UK decision to withdraw from the EU, the initiative "One belt, one road" and others;
- Opportunities for the proportion of the world gold market trends thanks to gold contracts in Asia and the transition of the gold trade in the East.
The delegates who will attend the summit in 2016, will interact with industry members and their colleagues, discuss new ideas, technologies and solutions, will learn new things about the development and growth of the industry, as well as explore new business opportunities and options for partnerships.
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Vanderbilt Commercial Lending is going to give companies Tango Mining loan $ 30 million to finance the acquisition and working capital kimberlite mine in Botswana VC 11.
The final agreement for the obligations in connection with the provision of the loan will be signed in the near future.
As noted in Tango, the residue on the loan principal and accrued and unpaid interest on the loan must be paid at the end of the 5-year loan period, including the 18-month reserve for payment of interest.
"Fixed interest rate on the loan will be at least 13% per annum ... The lender will hold a preferential right on kimberlite BK 11 and 51 per cent stake in the company Tango Kwena Group", - said in a statement miners.
As noted in Tango, area diamondiferous kimberlite VK 11 of 8.7 hectares.
The tube is located in the area of kimberlite Orapa / Letlhakane (Orapa / Letlhakane), in which the plurality of the richest diamond deposits in the world.
It is expected that during the seven years of open-pit mining on the project will be produced 569,610 carats of diamonds worth $ 188 million.
Previously, Tango signed a contract with Firestone firm on obtaining rights to the kimberlite BK 11, a processing plant and any other assets of the project through its subsidiary Firestone Diamonds Botswana and Monak Ventures. The contract amounted to $ 8 million.
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