Diamonds

Gemfields to pay $24.7m special dividend as exit from Jupiter Mines...

GEMFIELDS is to pay a special dividend to shareholders of $24.7m after saying it would divest of its remaining shares in Jupiter Mines, a...

De Beers diamond sales moving to “more normalised” position in 2019

THIRD cycle diamond sales for Anglo American-controlled De Beers totalled $575m, just over $25m more than at the equivalent  the group said in an announcement...

Lucapa Diamond refinances Mothae debt in R100m deal with shareholder

LUCAPA Diamond Company sought to ease the pressure on its balance sheet after agreeing loan terms with an entity owned by non-executive director and...

De Beers pleased with US directive on marketing laboratory-grown diamonds

DE Beers, the diamond miner and marketer 85%-owned by Anglo American, said it was pleased with a notice issued by US Federal Trade Commission asking...

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...