The project for the processing of tailings from the mine Letlhakane (Letlhakane) company of Debswana, is expected to be commissioned in the next year, and his willingness at the moment is about 80%.
"The plant will be put into operation, after which reached its maximum design capacity in the third quarter of 2017", - quotes the words of the portal Mining Weekly Debswana Director of Corporate Affairs Naledi Dikgomo-Gould (Naledi Dikgomo-Goulden).
The construction of the processing facility at Letlhakane began in the first quarter of 2015.
It is expected that the project will allow to keep stable and profitable operations in excess of the Letlhakane mine life cycle, which is being developed by open way.
The company suggests that the annual volume of at Letlhakane diamond production will be 800 000 carats. The Company intends to apply the solutions specifically designed for the extraction and processing of rock, to ensure optimal extraction of mineral resources from the dumps. Thanks to this project life cycle is expected to be able to extend for 25 years, said Mining Weekly.
https://pearlgiftjewelry.blogspot.ca/
Wednesday, July 12, 2017
Petra Diamonds Company has decided not to declare a dividend for the 2016 financial year, as it did not fulfill the obligation on the distribution of funds associated with its debt for the 12 months to June 30, 2016.
Since Petra has not fulfilled its obligations on the distribution of funds, it did not give the lender permission to declare a dividend for the period under review.
Nevertheless, the company stated that it had all the forces working on the resumption of payment of profit to shareholders.
"By Petra tends to yield shareholders, and the resumption of dividend payments is a priority for the board of directors", - said Johan Dippenaar (Johan Dippenaar), Chief Executive Officer of Petra Diamonds.
Meanwhile, the group said that its revenue for the 2016 financial year increased by 1% to $ 430.9 million versus $ 425 million a year earlier due to an increase in sales volumes was primarily due to the implementation of the diamonds recovered from tailings on the Kimberley mine (Kimberley) . However, the pressure on the indices had lower prices for rough diamonds.
Adjusted EBITDA increased by 18% to $ 164.3 million versus $ 139.3 million last year, reflecting an adjusted EBITDA margin at 38%. According to the company, this is a high figure, given that the group is still in the process of transition from mining in the older parts of the mine to new areas with a high content of diamonds.
Net profit of group companies after tax also increased by 12%, to $ 66.8 million, versus $ 59.6 million a year earlier.
Petra reported that its diamond production increased by 16% to 3.7 million carats during the period under review, exceeding the company's own forecast of 3.6 - 3.65 million carats, due to the additional production of the mines of Kimberley, which were purchased in January of last year.
http://traditionpearlnecklace.blogspot.ca/
Since Petra has not fulfilled its obligations on the distribution of funds, it did not give the lender permission to declare a dividend for the period under review.
Nevertheless, the company stated that it had all the forces working on the resumption of payment of profit to shareholders.
"By Petra tends to yield shareholders, and the resumption of dividend payments is a priority for the board of directors", - said Johan Dippenaar (Johan Dippenaar), Chief Executive Officer of Petra Diamonds.
Meanwhile, the group said that its revenue for the 2016 financial year increased by 1% to $ 430.9 million versus $ 425 million a year earlier due to an increase in sales volumes was primarily due to the implementation of the diamonds recovered from tailings on the Kimberley mine (Kimberley) . However, the pressure on the indices had lower prices for rough diamonds.
Adjusted EBITDA increased by 18% to $ 164.3 million versus $ 139.3 million last year, reflecting an adjusted EBITDA margin at 38%. According to the company, this is a high figure, given that the group is still in the process of transition from mining in the older parts of the mine to new areas with a high content of diamonds.
Net profit of group companies after tax also increased by 12%, to $ 66.8 million, versus $ 59.6 million a year earlier.
Petra reported that its diamond production increased by 16% to 3.7 million carats during the period under review, exceeding the company's own forecast of 3.6 - 3.65 million carats, due to the additional production of the mines of Kimberley, which were purchased in January of last year.
http://traditionpearlnecklace.blogspot.ca/
According to the World Gold Council (World Gold Council, WGC), the weaker demand for jewelry and slowing economic growth may curb purchases of gold, but the demand for the metal from China, which is its largest consumer, will remain at strong about 900-1000 tons next year, which is almost the same levels of 2015.
On the sidelines of an industry conference in Singapore Roland Van (Roland Wang), managing director of WGC Chinese division, told Reuters: "We believe that we can maintain a certain forecast at around 900-1000 tons of annual consumption (in China in 2017). However, demand may encounter some problems, especially in the jewelry segment, and it will depend on prices and their own economic situation in China. "
Roland Wang also expects demand in China in 2016 will be at around 900-1000 tons. In 2015, the demand for gold in China reached 984.5 tons.
Roland Wang said jewelry traders noted "an increase in demand for gold bars from the end of September" on the part of investors seeking alternative investments on the background of the real estate market contraction in China.
http://royalpearljewelry.blogspot.ca/
On the sidelines of an industry conference in Singapore Roland Van (Roland Wang), managing director of WGC Chinese division, told Reuters: "We believe that we can maintain a certain forecast at around 900-1000 tons of annual consumption (in China in 2017). However, demand may encounter some problems, especially in the jewelry segment, and it will depend on prices and their own economic situation in China. "
Roland Wang also expects demand in China in 2016 will be at around 900-1000 tons. In 2015, the demand for gold in China reached 984.5 tons.
Roland Wang said jewelry traders noted "an increase in demand for gold bars from the end of September" on the part of investors seeking alternative investments on the background of the real estate market contraction in China.
http://royalpearljewelry.blogspot.ca/
Chair of the Kimberley Process (KP), Ahmed Bin Sulayem (Ahmed Bin Sulayem) issued an invitation to all members of the Coalition of Civil Society (Civil Society Coalition, CSC) to be present at the forthcoming plenary session of the organization in Dubai, United Arab Emirates, according to a press release from the KP.
The plenary session, which is scheduled for 13-17 November 2016, will discuss the possibility of establishing a permanent secretariat in accordance with the United Nations mandate.
In the invitation letter it says that after a series of trips to Africa, KP has been made chairman of significant progress, in particular in the Central African Republic (CAR). Here, the United Arab Emirates have taken a leading role in monitoring the four "areas of compliance" requirements of the KP of which may be diamond exports. In collaboration with the Government of the Central African Republic KP monitoring team puts into effect the necessary measures to ensure the long-term of validity of the zones in the regions of Berberati, Carnot, Boda and Nola.
The document also states that the KP Chair initiated a series of seminars on the evaluation of rough diamonds.
http://pearlsgift.blogspot.ca/
The plenary session, which is scheduled for 13-17 November 2016, will discuss the possibility of establishing a permanent secretariat in accordance with the United Nations mandate.
In the invitation letter it says that after a series of trips to Africa, KP has been made chairman of significant progress, in particular in the Central African Republic (CAR). Here, the United Arab Emirates have taken a leading role in monitoring the four "areas of compliance" requirements of the KP of which may be diamond exports. In collaboration with the Government of the Central African Republic KP monitoring team puts into effect the necessary measures to ensure the long-term of validity of the zones in the regions of Berberati, Carnot, Boda and Nola.
The document also states that the KP Chair initiated a series of seminars on the evaluation of rough diamonds.
http://pearlsgift.blogspot.ca/
DiamondCorp, suspended because of the fire underground work in the diamond mine Lace (Lace) in South Africa, said that the 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 achieve a positive cash flow from operations.
DiamondCorp reported that the South African Department of Mineral Resources has issued a resolution on the suspension of underground diamond mining regarding belonging to her 74% of the subsidiary Lace Diamond Mines after a fire in the mine dump trucks, which was extinguished without injuries to employees.
Diamond company has put into question the validity of such a decision and is considering further action, taking into account its capabilities, including remedies.
The company recently announced that it is looking for in the near future, additional funding totaling nearly £ 500,000 to carry out immediate financial obligations and to continue the diamond trade in the foreseeable future.
http://bridalpearlnecklace.blogspot.ca/
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 achieve a positive cash flow from operations.
DiamondCorp reported that the South African Department of Mineral Resources has issued a resolution on the suspension of underground diamond mining regarding belonging to her 74% of the subsidiary Lace Diamond Mines after a fire in the mine dump trucks, which was extinguished without injuries to employees.
Diamond company has put into question the validity of such a decision and is considering further action, taking into account its capabilities, including remedies.
The company recently announced that it is looking for in the near future, additional funding totaling nearly £ 500,000 to carry out immediate financial obligations and to continue the diamond trade in the foreseeable future.
http://bridalpearlnecklace.blogspot.ca/
Due to the falling prices of gold on the global and domestic markets, gold imports to India in September 2016 fell by 10.3%, to $ 1.80 billion from $ 2 billion in September 2015, according to India's Ministry of Commerce.
Since February of this year, gold imports fell, which helped to limit the deficit of the current trade balance to a level of $ 8.33 billion in September this year, compared with $ 10.16 billion in the same month of 2015.
For the entire current fiscal year deficit of the current balance of trade was $ 22.1 billion (1.1% of GDP), compared with $ 26.8 billion (1.3% of GDP) in the 2014-15 financial year.
The total official gold imports to India fell to 60 tonnes in April-July this fiscal year. This is significantly lower than the 250 tonnes in the same period last year. India, the second-largest gold consumer after China, imported 650 tonnes of the metal in the 2015-16 fiscal year.
https://pearlgiftjewelry.blogspot.ca/
Since February of this year, gold imports fell, which helped to limit the deficit of the current trade balance to a level of $ 8.33 billion in September this year, compared with $ 10.16 billion in the same month of 2015.
For the entire current fiscal year deficit of the current balance of trade was $ 22.1 billion (1.1% of GDP), compared with $ 26.8 billion (1.3% of GDP) in the 2014-15 financial year.
The total official gold imports to India fell to 60 tonnes in April-July this fiscal year. This is significantly lower than the 250 tonnes in the same period last year. India, the second-largest gold consumer after China, imported 650 tonnes of the metal in the 2015-16 fiscal year.
https://pearlgiftjewelry.blogspot.ca/
ALROSA can expand diamond mining in Africa after 2021, as the cost of exploration there is nine times lower than in Russia, said the vice-president of ALROSA Rinat Gizatulin the forum "Exploration-2016".
"We stand Alrosa brought (to the federal authorities in the mineral resources of the Russian Federation on the state support of exploration work - ed.), And if no steps would be taken, we will after 2021 will leave in Africa, because the cost of exploration per carat there - 8 rubles in the Russian Federation - 114 rubles, a difference of nine times, "- he said.
http://traditionpearlnecklace.blogspot.ca/
"We stand Alrosa brought (to the federal authorities in the mineral resources of the Russian Federation on the state support of exploration work - ed.), And if no steps would be taken, we will after 2021 will leave in Africa, because the cost of exploration per carat there - 8 rubles in the Russian Federation - 114 rubles, a difference of nine times, "- he said.
http://traditionpearlnecklace.blogspot.ca/
Diamond weighing 5.19 carats cut "cushion" and the size of 10.04 × 9.44 × 6.18 mm was introduced in Hong Kong GIA laboratory for certification. Stone was not declared a synthetic diamond. Using standard screening and testing processes, the laboratory has identified it as a synthetic diamond grown by CVD. After studying the stone was made GIA Identification Report, and the girdle of the diamond was deposited number of the report with the words' grown in the laboratory, "according to the GIA rules for undeclared synthetic stones.
This is the biggest synthetic the CVD-diamond GIA laboratory investigated to date, and the largest of which has ever been reported in the jewelry industry. Diamond has a color index equivalent degree J and the color scale parameter purity equivalent VS2, which is comparable to high-quality natural counterpart. It is important to note that the internal inclusions, such as "needle" and "cloud", to appear natural. Under the microscope also clearly be seen a strong grain and cracks on the site. It should be noted that black inclusions, often contained in synthetic diamonds, were not detected in the CVD-sample, which could be mistakenly identified as natural only on the basis of examination under a microscope. Thus, this case highlights the importance of using advanced spectroscopic instruments as well as conventional gemological techniques to ensure accurate identification.
http://royalpearljewelry.blogspot.ca/
This is the biggest synthetic the CVD-diamond GIA laboratory investigated to date, and the largest of which has ever been reported in the jewelry industry. Diamond has a color index equivalent degree J and the color scale parameter purity equivalent VS2, which is comparable to high-quality natural counterpart. It is important to note that the internal inclusions, such as "needle" and "cloud", to appear natural. Under the microscope also clearly be seen a strong grain and cracks on the site. It should be noted that black inclusions, often contained in synthetic diamonds, were not detected in the CVD-sample, which could be mistakenly identified as natural only on the basis of examination under a microscope. Thus, this case highlights the importance of using advanced spectroscopic instruments as well as conventional gemological techniques to ensure accurate identification.
http://royalpearljewelry.blogspot.ca/
Divine Solitaires recently joined forces with one of the world's largest producers and distributors of diamonds H.Dipak & Co. Cooperation is important for the Divine Solitaires, as it will allow the brand to grow exponentially. It's a win-win situation for both parties. Divine Solitaires will be able to launch new products and expand its presence in the world, according to a company press release.
H.Dipak & Co, based Hiteshem Mehta (Hitesh Mehta), has broad experience and is very progressive player in the global diamond market. "It is very important to create a strong differentiation and pricing policy, which is absent in the diamond industry in all diamond manufacturers. It's amazing how Divine Solitaires successfully change the market and create in it its own unique space. Our association with the brand will now make a major contribution to the exponential growth in the domestic and international markets in the coming years ", - says the founder H.Dipak.
Divine Solitaires provides its own quality certificate throughout India. Dzhignesh Mehta (Jignesh Mehta), founder and managing director of Divine Solitaires, said: "We were looking for a suitable strategic partner, which we finally found in the person of Hitesha Mehta H.Dipak Our views on various aspects converge, and so we see very much. exciting prospects for Divine Solitaires became the most famous brand in the world of diamonds. "
http://pearlsgift.blogspot.ca/
H.Dipak & Co, based Hiteshem Mehta (Hitesh Mehta), has broad experience and is very progressive player in the global diamond market. "It is very important to create a strong differentiation and pricing policy, which is absent in the diamond industry in all diamond manufacturers. It's amazing how Divine Solitaires successfully change the market and create in it its own unique space. Our association with the brand will now make a major contribution to the exponential growth in the domestic and international markets in the coming years ", - says the founder H.Dipak.
Divine Solitaires provides its own quality certificate throughout India. Dzhignesh Mehta (Jignesh Mehta), founder and managing director of Divine Solitaires, said: "We were looking for a suitable strategic partner, which we finally found in the person of Hitesha Mehta H.Dipak Our views on various aspects converge, and so we see very much. exciting prospects for Divine Solitaires became the most famous brand in the world of diamonds. "
http://pearlsgift.blogspot.ca/
Gautam Sashittal (Gautam Sashittal), CEO of DMCC, said: "China is a major trading partner of Dubai Thanks to the strong presence of Chinese business in the DMCC Dubai a week and a partnership with its sponsors underpins commodity trade from West to East, connecting to the Chinese initiative." One belt - one way "through collaboration with leading entities in Dubai, as well as with government agencies and enterprises in China."
150 more prosperous Chinese enterprises, including Hisense (multinational producer of goods and electronics), Sinopec (China Petroleum & Chemical Corporation) and CSCEC (China State Construction Engineering Corporation) today are members of the Free Trade Area of DMCC. Earlier this year, DMCC has signed a Memorandum of Understanding with China Silver Group, the largest silver producer in China, as well as with the government of the municipality of Zhongwei. In addition, the Bank of China has become a settlement bank DGCX (Dubai Gold & Commodities Exchange) in the first quarter of 2016.
"We have several partnership agreements with China, which will be announced in the coming weeks that will positively affect the flow of goods traded across the region Dubai a week in China -. An ideal platform to provide future growth", - said Sashittal.
http://bridalpearlnecklace.blogspot.ca/
150 more prosperous Chinese enterprises, including Hisense (multinational producer of goods and electronics), Sinopec (China Petroleum & Chemical Corporation) and CSCEC (China State Construction Engineering Corporation) today are members of the Free Trade Area of DMCC. Earlier this year, DMCC has signed a Memorandum of Understanding with China Silver Group, the largest silver producer in China, as well as with the government of the municipality of Zhongwei. In addition, the Bank of China has become a settlement bank DGCX (Dubai Gold & Commodities Exchange) in the first quarter of 2016.
"We have several partnership agreements with China, which will be announced in the coming weeks that will positively affect the flow of goods traded across the region Dubai a week in China -. An ideal platform to provide future growth", - said Sashittal.
http://bridalpearlnecklace.blogspot.ca/
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