Firestone Diamonds has agreed once again to extend the date by which all the conditions for the sale of its production companies in Botswana Tango Mining must be met.
Firestone Diamonds has signed an agreement for the sale to the terms of Tango Mining mine for $ 8 million in July 2015 and is now said that all the conditions of such an agreement must be made no later than 29 August 2016.
"This extension will allow Tango Mining finalize proposed to her credit in the amount of $ 30.0 million by Vanderbilt Commercial Lending to finance the acquisition of production Firestone Diamonds in Botswana and to resume work at the mine BK11», - said in a statement Firestone Diamonds.
Previously, Firestone Diamonds demanded that all the conditions contained in the agreement and the letter of amendment should be made not later than 29 July, noting at the same time that the deadline under certain circumstances can be extended up to August 29, 2016, as it It happened.
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He also noted the crucial importance of an independent decision of the diamond sector problems to authorities and government agencies do not have their own to deal with these difficulties. "I think it's time for the global diamond industry to take the most decisive steps - said Blom -. We probably unnecessarily long occupied a waiting attitude But we belong to one of the best organized industries in the world.".
He also spoke about the problems of funding and on the initiative of the "know your customer" (Know-Your-Client, KYC), which can help members of WFDB increase the transparency of the diamond business.
Welcoming the delegates from all the diamond industry segments, Executive Chairman of the Dubai Center commodities (Dubai Multi Commodities Centre) and chairman of the Kimberley Process (KP), Ahmed Bin Sulayem (Ahmed Bin Sulayem) said: "We often say that our city (Dubai) It became the center of the diamond intersection of East and West trade. important global events that take place here, show that the diamond industry has become an important agenda. "
WFDB Presidents unanimously re-elected Ernie Blom for the post of president of the federation for another two-year term. President of the Israel Diamond Exchange (Israel Diamond Exchange, IDE) Yoram u'Dvash became vice-president of the organization, will replace Julien Draybumsa (Julien Drybooms).
Export Promotion Council of precious stones and jewelery (Gem & Jewellery Export Promotion Council, GJEPC) became a new member of the WFDB.
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