"Timing the launch of the project" Investment diamonds' are shifted due to the need for more detailed study of its implementation mechanisms We work hard to accommodate the interests of all market participants and offer investors a liquid investment and savings tool project starts in the summer of 2017.. ", - explained official representative of the company.
ALROSA plans to launch trading in delivery futures contracts on diamonds. In the first stage it will diamonds weighing 0.3 and 0.5 carats. In the future, the company plans to start trading diamonds of 1 carat, he added.
At the initial stage of the Alrosa estimates the market for a new investment vehicle of 3 billion rubles. So far, nowhere in the world are not organized trading in delivery futures contracts on diamonds, made a company representative.
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In the first quarter of 2016 Lucara Diamond received proceeds of $ 50.6 million, while its diamond value of $ 649 per carat, against respectively $ 29.6 million and US $ 278 per carat a year earlier.
The company reported that its net cash amounted to $ 144.3 million in the reporting period, compared to $ 87.5 million for the same period last year.
Lucara income before interest, taxes, depreciation and amortization (EBITDA) for the period were $ 30.7 million versus $ 11.9 million a year earlier.
The company also noted that in the first auction of exceptional diamonds, she managed to get $ 51.3 million. Same way, from the beginning of this year the company's revenue exceeded $ 100 million.
In addition, Lucara completed the transfer of its shares Mothae Diamonds and processing of bulk samples to the Government of Lesotho factory , so she was released from the obligation to resume production at Motae (Mothae) the total amount of about $ 2 million.
Uilyam Lemb (William Lamb), President and CEO of Lucara, noted that the procedure for sale of the diamond "Lesedi La Rona" weighing 1109 carats , upd servation in Botswana in November last year, has begun.
"There is a lot of interest and excitement (in connection with the sale) of this magnificent historic stone climax came at an auction in June.", - he said.
Lamb added that Lucara continues its exploration program. Due to the beginning of the study the deeper parts of the project cars (Karowe) in the second quarter, the company expects the development of opportunities in the second half of 2016.
Lucara still plans to spend about $ 3.7 million to a program of deep drilling of the southern share of kimberlite AK6 in Botswana for the purpose of increasing the indicated resource below a depth of 400 meters.
The company's budget for improved sampling and drilling programs on the two license areas in Botswana is $ 7 million.
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