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  7 August 2017 Issue 206- Diamond Lakes

 

 

 

 
 

Diamond Lakes

 
The story of Diamond Lakes and the legendary Pienaar’s Pothole is what intrigued Dr Navin Naidoo to go into the world of Diamonds and Diamond Mining.
After having practised Medicine for many years, he completed an LLB degree and successfully did his pupillage at the Pretoria Bar in 2003, passing the National Bar Exam later that year. He was admitted as an Advocate of the High Court of South Africa in 2003, and began practice as a barrister/advocate that year, in addition to being a doctor.
The company Staten Island Trading Pty Ltd (SIT) was created in 2006 by Dr Naidoo and was created to exercise an option that existed at the time in 3 dormant alluvial diamond mines in the North West Province of South Africa.
The mines had been shut down by the then Department of Minerals and Energy following the change in Legislation of Mining Law in 2004, and although there was huge risk associated with the projects at that time, Dr Naidoo steered Staten Island Trading into acquiring an equity stake in all three mines from the Roux Family.
Records show that the mines were steeped in trouble at the time, with at least one bank having begun foreclosure proceedings, a land claim having been intimated, and most worrying of all at the time, no valid right to mine any of the properties.
The lifeline provided by Staten Island trading saved the mines from the banks, and since then, SIT and the Roux’s have co-owned the mines. Dr Naidoo is a Director of SIT and sits as a Director on each of the three mines, Mat Roux and Sons Diamond Mining, Diamond Lakes and Better Life Diamond Mining.
He has set a plan in motion for SIT to offset much of the financial benefits that will come from carbon heavy mining operations towards social development and social justice projects. The concept of “Mining with a Conscience” is a very bold angle for any capitalist, but he argues that this is fundamental to anyone buying a diamond through his sources being able to reconcile themselves with the mining process and the individual carbon imprint that their diamond is responsible for.
 
 


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Daesh defeated

 
Daesh the extremist group that occupied the city of Mosul in Iraq has been defeated said Ambassador Dr Saad Jawad Kindeel,  of Iraq to South Africa at a press conference held at the Embassy in Pretoria.
He briefed journalists on the situation after Iraqi ground forces recaptured the city of Mosul and surrounding areas from the extremist group after a 3 year battle. The challenge, he pointed out, is the 4 million internally displaced Iraqis and restoring a sense of normality.
He called for the support of the people of Mosul in their rebuilding efforts. There is need for infrastructure and utility development in the city and surrounding regions. Rehabilitation of the people affected by the extremism will also need urgent attention if a lasting peace and normalisation is to be achieved.
 

 

 

Vietnam Cuisine Week

 
Ambassador Vu Van Dzung of Vietnam in South Africa hosted the opening of the Vietnam Cuisine Week at Saigon Restaurant in Rivonia, Johannesburg.
The Embassy of Vietnam is hosting the Vietnamese Cuisine week in celebration of the 50th Anniversary of the establishment of the Association of the South East Asian Nations (ASEAN).
Photo: (l-r) Terence Hong - First Secretary - Singapore High Commission, Pinky Jacinto, Chad Jacinto - Consul at Philippines Embassy, Ambassador Suprapto Martosetomo of  Indonesia, Mrs Trinh Minh Hang (spouse of Ambassador Dzung), Ambassador Vu Van Dzung of Vietnam, Ambassdor Pornchai Danvivathana of Thailand and Mrs Danvivathana.
Guests were treated to authentic Vietnamese cuisine in an authentic eastern-style setting. Dishes included dumplings, spring rolls, noodles, soups.
The Vietnam Cuisine week takes place form 3 - 10 August 2017.
 
 

 

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