DiamondCorp, suspended because of the fire underground work in the diamond mine Lace (Lace) in South Africa, said that production resumed diamonds.
However, a third party with which there was a preliminary agreement on the financing of the company, withdrew from the negotiations because of the fall in share prices miners.
The company planned to raise additional capital and / or debt from one or more parties in the amount of £ 2.5 million - £ 3.0 million in the short term to meet the anticipated needs of the cash required to finance the works until the release of industrial production and the achievement of positive cash flow from operations.
"The financial impact of the loss of four days of diamond as a result of the decision to suspend the operation of the mine managed to minimize thanks to postpone scheduled maintenance In addition, production from the mine in the current month exceed the planned level at the time of suspension of production.
http://bridalpearlnecklace.blogspot.ca/
1 comment:
Gold consumption in India is likely to grow this year, because the precious metal demand as safe-haven assets increased due to the volatility of global stock markets, said the World Gold Council (World Gold Council, WGC) in its report last week. In addition, investors in the gold market has already taken into account the possibility of raising interest rates by the Federal Reserve System of the USA (Fed) this year.
"In general, the demand for gold is considered by us as a promising because of the uncertainty about the Fed raising interest rates," - said PR Somasundaram (PR Somasundaram), WGC managing director of the Indian unit.
In December, the US central bank decided to raise interest rates for the first time in nearly 10 years. That the Fed will continue to raise interest rates over time. "Demand (for gold) in India can get a good support for the situation in the stock market supported the demand for gold." - adds Somasundaram.
In 2016, gold prices in India rose by 15%, while the Indian stock Nifty index fell by almost 10%. In 2015, India's demand for gold has increased by 2% compared to the same period a year earlier, to 848.9 tons, the WGC said in a report. Growth occurred on the background of virtually unchanging world gold consumption last year.
The WGC said that gold demand in India has received support due to the increased consumption of jewelry, despite the adverse weather conditions that led to the fall of incomes in rural areas of the country. Incomes of millions of farmers in India have declined because of the first in nearly 30 years of drought in the country. Meanwhile, gold demand in rural areas is about two-thirds of its volume in India. In 2015, jewelery demand in India was the highest since 2010 and the third largest on record. Meanwhile, forecasts for this indicator continues to be cautious, we added to the WGC.
"In 2016, should be wary of forecasts of demand for gold, as the incomes of inhabitants of rural areas continue to fall due to rising inflation and due to lower yields," - the report says the organization.
Somasundaram said that, probably, smuggling gold in India significantly reduced in 2016, after in 2015 it fell by 75 tonnes to 100 tonnes.
Post a Comment