Gemfields takeover battle shifts to make-or-break vote on June 26
AN independent committee formed by Gemfields has thrown down the gauntlet to Pallinghurst Resources by saying the Johannesburg-listed company may not win sufficient shareholder...
Gemfields urges shareholders to accept Fosun 18% premium offer
GEMFIELDS has sought to win an improved offer from Pallinghurst Resources after recommending a formal offer for the company lodged today by Fosun Gold,...
Pallinghurst wins 61% support for controversial Gemfields bid
PALLINGHURST Resources has claimed enough support to make its $150m all-share offer for Gemfields unconditional with just over 60% of total shareholders in the...
Fosun promises China riches in 10% bid premium for Gemfields
HONG Kong-listed conglomerate Fosun International has put flesh on the bones of its potential rival offer for Gemfields saying it would pay a 10%...
Pallinghurst faces battle as Gemfields engages rival suitor
PALLINGHURST Resources may be drawn into a bidding war for control of Gemfields after the UK-listed firm said it had solicited a "possible competing...
Are Gemfields minorities right to allege a Pallinghurst shake-down?
MINORITY shareholder rights are under the microscope after investment company, Pallinghurst Resources, unveiled a takeover offer for Gemfields, a UK-listed coloured gemstone miner and...
Gemfields delivers stinging critique of “derisory” Pallinghurst bid
AN independent committee created to assess Pallinghurst Resources' proposed takeover of Gemfields has delivered a stinging criticism of the $150m proposal saying it served...
GEM lifts average sales price 13% as seeks recovery after Ghaghoo
GEM Diamonds said it had sold 39,950 carats for an average price of $1,636 per carat for the first three tenders of 2017 representing...
Zimbabwe to assume control over country’s diamond sector
Zimbabwe has taken over income from all diamond mining activities in the country after injecting $80m into the Zimbabwe Consolidated Diamond Company (ZCDC), a...
Lucara looks to exceptional stone tender to revive cash reserves
LUCARA Diamond Corporation paid an increased C$2.5 cents per share (1.82 US cents) dividend for the first quarter and said it was lining up...