Gemfields left hanging on the telephone after dissenting shareholders perform no-show
OBJECTIONS to remuneration pay is obviously a governance issue that companies have to take seriously. However, there are instances when shareholders can push the...
Petra’s 425 carat Cullinan recovery a ray of light, sparks share...
THE discovery of a large 425 carat diamond at Petra Diamonds’ Cullinan mine in South Africa was today described as a positive financial boost...
Gemfields to explore London listing citing liquidity and broker coverage deficits
GEMFIELDS, a Johannesburg-listed precious gemstones miner and marketer, was giving thought to a London listing, although it would not seek funds by debuting there,...
Sedibelo ‘loss’, Zambia export duties drag Gemfields into red by hefty...
A RAFT of exceptional items, including a $47.6m fair value loss attached to its held-for sale asset, Sedibelo Platinum Mines, is expected to take...
Petra resists shareholder calls to replace chairman, Adonis Pouroulis
PETRA Diamonds has thrown its weight behind long-standing non-executive chairman, Adonis Pouroulis, who was on the wrong end of a vote in its annual...
Lawyer says R95.7m rehab fund for Richtersveld diamond mines insufficient
THERE are concerns that in selling three diamond properties in the Richtersveld region of South Africa’s Northern Cape, Trans Hex has not left sufficient...
GEM Diamonds held dividend as low-end diamonds sales provide “early warning...
PAYMENT of a dividend was a close-run thing but GEM Diamonds’ board decided to hold back owing to some concerns about the condition of...
Start-up diamond companies moot plans for privately-established development fund
LENGTHY delays in securing mining permits and licences, onerous and inappropriate regulatory requirements, lack of funding for entrepreneurs, and a Mining Charter and implementation...
De Beers makes early in-roads after Lightbox launch sees 60% retreat...
REMARKABLE early evidence following the launch of De Beers’ synthetic diamond range, branded as ‘Lightbox’, is that the pricing of competing products has fallen...
De Beers’ diamond sales down, but signs of buying revival as...
DIAMOND sales during De Beers’ second cycle of the 2019 financial year came in about 13% weaker year-on-year at some $490m, the diamond company...