Near-Eastern exhibition of watches and jewelry (MidEast Watch & Jewellery Show), passing already in the 41 th time in the Expo Center Sharjah, held on September 27 - October 1, and has attracted a large number of exhibitors and visitors. It is reported that the show was a success, and the number of visitors increased by 8% to 61,659, compared with the April event.
Abdullah Sultan Al Owais, Chairman of the Chamber of Commerce of Sharjah, said: "The Emirate of Sharjah has built a reputation as a regional and international business center The latest infrastructure and advanced logistics services played a key role in attracting international exhibitors in Sharjah, as well as in. improving the competitiveness of the emirate. "
Saif Mohammed Al Midfaa, CEO of Expo Center Shadrzha, said: "The 41 th Middle East exhibition of watches and jewelery again has proven once again its leading position as an excellent platform for well-known and ambitious companies and brands looking to expand its presence in the markets of the Gulf Show. It has a special significance this year, as manufacturers of gold and silver jewelery are seeking to improve profit performance in the region. "
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Tango Mining sold its subsidiary, African Star Minerals, which owns a diamond mine Oena (Oena) in the Northern Cape in South Africa, the company Bothma Diamante for $ 3 million.
The Canadian diversified mining company junior owned 51 percent share of African Star Minerals.
Oena project consists of a land plot of 8,800 hectares and related infrastructure, as well as associated equipment for processing of rock. The project is situated along the Orange River in the prepared for alluvial diamond production area, which are produced high-quality, large diamonds, it said in a statement.
The Tango said the deal consists of two stages.
The first phase includes a binding agreement for the sale, which suggests that Bothma continue sampling program of alluvial diamond deposits on Oena.
After this hand will move to the second stage sale and purchase of the field. At this stage, Bothma has completed the acquisition of Oena.
Tango will receive at least 15% of the proceeds from the sale of diamonds for 12 months after completion of the transaction.
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