Gemstones in the news: Gemstone Miners Cry Foul Over 30m Euros.
Excerpt:
SMALL-scale gemstone miners have complained over the stiff conditions set by local banks in accessing 30 million Euros released by the European Union (EU) to improve the industry.
Sub-Sahara gemstone exchange Chairman, Phesto Musonda said in an interview in Ndola yesterday that no miner had accessed the funding from the 30 million euros which was released two years ago.
Posted by GilbertZ at 09:42 AM
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Identiguard International(Pty)Ltd. has obtained a Judgement in the High Court of Johannesburg SA in Case nr:15737//2002 againt the Government of the Democratic Republic of the Congo(DRC Government) for the amount of $2,1 Million US Dollars, a Writ of Excecution was granted in favor of IGI-Pty.Ltd on 3 September 2003 to attach and seize any movable goods and assets of the DRC Government in the Johannesburg High Court, on 12 February 2004 a Writ of Execution were granted in favour of IGI-Pty.Ltd in the JHB High Court to attach and take into execution any shares in Societe` Miniere` de Bakwanga(MIBA) a DRC Government state owned Company holding 80% shares in MIBA, and any funds and/or goods held by MIBA or standing to the credit of the DRC Government, and at the same time to realise by Public Auction the shares of MIBA and the proceeds of these auction to be granted in favor of IGI-Pty.Ltd.
NOTICE: Legal Dept of Identiguard International(Pty)Ltd, South-Africa, notice posted on 29 March 2003.
Posted by: Identiguard International(Pty)Ltd on March 29, 2004 04:29 AM
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