Articles & Media Archive
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- 1 May 2017 |Mining Weekly
The shift from small-scale artisanal mining to larger mechanised mining, owing to the increasing involvement of larger mining companies and greater formalisation of the sector, is expected to increase the distribution channel of the coloured gemstone industry, which will continue to consolidate as smaller market participants disappear.
The mining and processing of colored stones, a multibillion-dollar industry, spans 47 countries on six continents. Despite the industry’s high profile, an ethical, sustainable mine-to-market supply chain for most gemstones has still not been achieved.
Richland is proud to be associated with the Queensland Gemfest, Festival of Gems, which is underway 6 – 9 August. Please come and visit us at our booth. For more information on the festival please visit http://gemfest.com.au/
Richland Resources CEO hoping for swift return to profitability in Australia. Bernard Olivier, the chief executive officer of Richland Resources (LON:RLD), says the company decided it was better ‘to focus on a project that we believe will return us to profitability very shortly’.