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...
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...