DiamondCorp said its net loss for the six month period ended June 30, 2016, amounted to 247,221 pounds sterling, compared with 3.159 million pounds in the same period in 2015, after adjusting for exchange rate South African rand, which led to its strengthening.
The company is having trouble junior said its administrative expenses for this period increased to 0.893 million pounds to 0.672 million pounds a year earlier.
"The increase is primarily due to changes in terms of payment of remuneration to auditors, as well as with additional administrative costs, as the company moves from preparatory work to the production", - said in its statement.
Cash DiamondCorp funds to 30 June 2016 amounted to 0.108 million pounds. However, after the reporting period, the company managed to score another 2.0 million pounds by issuing shares.
Diamond Mine Lace (Lace) DiamondCorp companies in South Africa was transferred to the business management mode after the adverse weather conditions in the last year.
Nevertheless, the company has attempted to junior mine refinance through placement of shares and debt restructuring.
http://www.feedlisting.com/rss-feed-url/898217.html
Monday, June 12, 2017
Lucara Diamond reported that in the course of the second program of taking gross mini samples on site BK02 in Botswana, she learned 309.79 carats from 5,021 tonnes of kimberlite and diamond content in the sample was 6.2 carats per hundred tonnes.
According to the company, the largest diamond recovered weighed 4.56 carats and was in the form of an octahedron of white-gray color.
"The results of the second program of taking gross mini samples on BK02 area are very encouraging, indicating an improvement in diamond and confirming the presence of a large sample size to BK02 area - said the CEO of Lucara Uilyam Lemb (William Lamb). - United Party diamond samples for preliminary valuation of rough diamonds, which we expect to be able to put on the market in the second quarter of 2017. During the next phase of the study on BK02 we have to understand the volume of diamond content and size distribution at depth. "
The resulting diamonds will be transferred to an independent evaluation in the second half of the year. The drilling program of large diameter wells in the area BK02 is at an advanced stage of planning, and at the same time the process of preparing the tender for these works.
In the second quarter, the company expects to receive the first materials for the pilot drilling program.
Lucara reported that the program of deep drilling at the mine cars (Karowe) within kimberlite AK06 was completed in the first quarter of this year.
The program was designed to increase confidence in the geological model of the southern ridge AK06 kimberlite and to provide sufficient data and materials to update information about the resource field, which will be used to explore options for the development of underground mine cars.
http://www.feedlisting.com/rss-feed-url/898218.html
According to the company, the largest diamond recovered weighed 4.56 carats and was in the form of an octahedron of white-gray color.
"The results of the second program of taking gross mini samples on BK02 area are very encouraging, indicating an improvement in diamond and confirming the presence of a large sample size to BK02 area - said the CEO of Lucara Uilyam Lemb (William Lamb). - United Party diamond samples for preliminary valuation of rough diamonds, which we expect to be able to put on the market in the second quarter of 2017. During the next phase of the study on BK02 we have to understand the volume of diamond content and size distribution at depth. "
The resulting diamonds will be transferred to an independent evaluation in the second half of the year. The drilling program of large diameter wells in the area BK02 is at an advanced stage of planning, and at the same time the process of preparing the tender for these works.
In the second quarter, the company expects to receive the first materials for the pilot drilling program.
Lucara reported that the program of deep drilling at the mine cars (Karowe) within kimberlite AK06 was completed in the first quarter of this year.
The program was designed to increase confidence in the geological model of the southern ridge AK06 kimberlite and to provide sufficient data and materials to update information about the resource field, which will be used to explore options for the development of underground mine cars.
http://www.feedlisting.com/rss-feed-url/898218.html
Company I. Hennig Tenders 13-16 March 2017 will hold three tender for the sale of rough diamonds in the International Tender Center (International Tender Center) Israel Diamond Exchange (Israel Diamond Exchange, IDE). View diamond will be conducted by appointment, IDE reports.
On the first tender will be offered two yellow diamond weighing 77.54 and 38.88 carats mined at Superkolong company enterprise processing diamond tailings in Kimberley (South Africa). In the second tender for sale will be put conditioned ashlar weighing 10.80 carats of Russian origin from Gokhran. The third tender will provide customers a wide range of single rough stones weighing from 5 to 15 carats.
Yoram u'Dvash (Yoram Dvash), IDE president, said: "We are delighted to once again take the company I. Henning International Tender Center. Our goal with the opening of the center was to be carried out in Israel over tenders for the sale of diamonds. It is obvious that this is a win-win situation for the companies bidding for the exchange. "
CEO of I. Hennig Tenders Kuchler David (David Kuchler) said: "The upcoming auction offer of rough diamonds to Israeli customers the ability to view and offer diamonds at your local market. International tender center makes it convenient for us. "
http://www.feedlisting.com/rss-feed-url/898219.html
On the first tender will be offered two yellow diamond weighing 77.54 and 38.88 carats mined at Superkolong company enterprise processing diamond tailings in Kimberley (South Africa). In the second tender for sale will be put conditioned ashlar weighing 10.80 carats of Russian origin from Gokhran. The third tender will provide customers a wide range of single rough stones weighing from 5 to 15 carats.
Yoram u'Dvash (Yoram Dvash), IDE president, said: "We are delighted to once again take the company I. Henning International Tender Center. Our goal with the opening of the center was to be carried out in Israel over tenders for the sale of diamonds. It is obvious that this is a win-win situation for the companies bidding for the exchange. "
CEO of I. Hennig Tenders Kuchler David (David Kuchler) said: "The upcoming auction offer of rough diamonds to Israeli customers the ability to view and offer diamonds at your local market. International tender center makes it convenient for us. "
http://www.feedlisting.com/rss-feed-url/898219.html
The Board of Directors of the company Namib Desert Diamonds (Namdia), which was established in May last year after the conclusion of a new agreement for the sale and marketing with De Beers, apparently disagreed on the question of who should be appointed its chief executive officer.
State company responsible for the sale of Namibian diamonds in the amount of 2 billion Namibian dollars (US $ 154 million.) Per year.
The newspaper The Namibian reported that the company had "two camps", one of which supports the appointment of Alex Gavanaba (Alex Gawanab), who is now director of business improvement in the company Swakop Uranium, and the other in favor of the appointment of Kennedy Hamutenya (Kennedy Hamutenya) , Acting Director General Namdia and, in addition, the incumbent Commissioner of Namibia diamond.
Chairman Namdia Macizo Shakespeare (Shakespeare Masiza) declined to name the candidate recommended by the Minister of Energy Votive Kandzhoze (Obeth Kandjoze).
However, unnamed sources cited by the newspaper, claimed that the post of head of Namdia was chosen Gavanab.
The newspaper also reported that the leadership of the company Deloitte conducted a survey of candidates in November last year and informed the board that Hamutenya took the results of the first place; followed by former engineer Namdeb Vicus Burger (Wicus Burger) and then to Gavanab.
Last year Namdia company accused of underestimating the country's diamonds. However, the Minister of Energy and Mines Kandzhoze Affairs dismissed the allegations as baseless.
http://www.feedlisting.com/rss-feed-url/898220.html
State company responsible for the sale of Namibian diamonds in the amount of 2 billion Namibian dollars (US $ 154 million.) Per year.
The newspaper The Namibian reported that the company had "two camps", one of which supports the appointment of Alex Gavanaba (Alex Gawanab), who is now director of business improvement in the company Swakop Uranium, and the other in favor of the appointment of Kennedy Hamutenya (Kennedy Hamutenya) , Acting Director General Namdia and, in addition, the incumbent Commissioner of Namibia diamond.
Chairman Namdia Macizo Shakespeare (Shakespeare Masiza) declined to name the candidate recommended by the Minister of Energy Votive Kandzhoze (Obeth Kandjoze).
However, unnamed sources cited by the newspaper, claimed that the post of head of Namdia was chosen Gavanab.
The newspaper also reported that the leadership of the company Deloitte conducted a survey of candidates in November last year and informed the board that Hamutenya took the results of the first place; followed by former engineer Namdeb Vicus Burger (Wicus Burger) and then to Gavanab.
Last year Namdia company accused of underestimating the country's diamonds. However, the Minister of Energy and Mines Kandzhoze Affairs dismissed the allegations as baseless.
http://www.feedlisting.com/rss-feed-url/898220.html
After the arrest of suspected terrorists LIH members of Saurashtra Mahidharpura diamond market in Surat, where daily transactions with precious stones in the tens of millions of rupees, a rapid response team of the city police was created. In this market, many couriers operate (so-called "Angad") carrying gems and money involved in major transactions.
At a meeting with the police commissioner Satish Sharma city (Satish Sharma) representatives of the diamond industry to ensure the safety required. "Because the request to ensure the safety of the diamond market in Mahidarpure is important, we have decided to deploy a rapid reaction group. Rapid Response Team will be located at the police station Mahidharpura diamond market ", - said Sharma.
In the group of quick response will be five policemen armed with carbines and machine guns to repel armed attacks. They will wear bulletproof vests and be at the police station, along with full-time staff.
http://www.feedlisting.com/rss-feed-url/898222.html
At a meeting with the police commissioner Satish Sharma city (Satish Sharma) representatives of the diamond industry to ensure the safety required. "Because the request to ensure the safety of the diamond market in Mahidarpure is important, we have decided to deploy a rapid reaction group. Rapid Response Team will be located at the police station Mahidharpura diamond market ", - said Sharma.
In the group of quick response will be five policemen armed with carbines and machine guns to repel armed attacks. They will wear bulletproof vests and be at the police station, along with full-time staff.
http://www.feedlisting.com/rss-feed-url/898222.html
Sociedade Mineira Do Lulo (SML), a company owned by Lucapa Diamond, Endiama and Rosas & Petalas, sold 1,552 carats of diamonds from the Project Lulo (Lulo) in Angola for $ 6.9 million.
The average price per carat of $ 4446, highlighting the quality of the diamond resources of the project and the continued strength of the market of large and high-quality stones, said in Lucapa.
"Thus, the total gross proceeds to the Lulo achieved to date in 2017 was $ 10.7 million," - added to the company.
"[We are] pleased to celebrate another milestone whereby all sales of diamonds from Lulo far exceeded the 100 million Australian dollars", - continued Lucapa.
Recent bids included a diamond weighing 227 carats, D color type IIa, produced in February 2017 on a new mining unit 28 at Lulo.
Lucapa holds a 40 percent stake in SML, as well as leading the development of alluvial land.
SML gets larger diamonds of high value to current operations alluvial mining at Lulo.
As part of these trades SML intends to sell diamonds weighing 62 carats, 65 carats and 25 carats.
https://del.icio.us/pearlsonline
The average price per carat of $ 4446, highlighting the quality of the diamond resources of the project and the continued strength of the market of large and high-quality stones, said in Lucapa.
"Thus, the total gross proceeds to the Lulo achieved to date in 2017 was $ 10.7 million," - added to the company.
"[We are] pleased to celebrate another milestone whereby all sales of diamonds from Lulo far exceeded the 100 million Australian dollars", - continued Lucapa.
Recent bids included a diamond weighing 227 carats, D color type IIa, produced in February 2017 on a new mining unit 28 at Lulo.
Lucapa holds a 40 percent stake in SML, as well as leading the development of alluvial land.
SML gets larger diamonds of high value to current operations alluvial mining at Lulo.
As part of these trades SML intends to sell diamonds weighing 62 carats, 65 carats and 25 carats.
https://del.icio.us/pearlsonline
ALROSA present apparatus for the detection of synthetic and treated diamonds and jewelry Gemological Mediterranean Conference (Mediterranean Gem and Jewellery Conference) in May.
ALROSA's new device is able to identify natural and synthetic diamonds, ennobled stones and imitation, according to the statement of ALROSA.
At the Mediterranean Conference representative of ALROSA Sergey Terentiev talk about the new device.
President of ALROSA Andrei Zharkov said: "As a leading global producer of natural diamonds, ALROSA largely cares about its customers and pays great attention to the protection of the natural diamond market from the influx of refined and synthetic stones and diamond imitations I propose to reflect on the need. creating a unified industry standards to identify synthetic and treated diamonds. This will increase consumer confidence in the results of the detection of stones and a variety of devices and anufacture participants in the diamond market, namely by diamond mining companies, international gemological laboratories. "
Alrosa is the main partner of Mediterranean jewelery and gemological conference.
https://del.icio.us/pearlsonline
ALROSA's new device is able to identify natural and synthetic diamonds, ennobled stones and imitation, according to the statement of ALROSA.
At the Mediterranean Conference representative of ALROSA Sergey Terentiev talk about the new device.
President of ALROSA Andrei Zharkov said: "As a leading global producer of natural diamonds, ALROSA largely cares about its customers and pays great attention to the protection of the natural diamond market from the influx of refined and synthetic stones and diamond imitations I propose to reflect on the need. creating a unified industry standards to identify synthetic and treated diamonds. This will increase consumer confidence in the results of the detection of stones and a variety of devices and anufacture participants in the diamond market, namely by diamond mining companies, international gemological laboratories. "
Alrosa is the main partner of Mediterranean jewelery and gemological conference.
https://del.icio.us/pearlsonline
According to the US Census Bureau, sales in specialized stores rose jewelry US in 2016 by 3.8%, for up to $ 31.43 billion after a sharp increase in the year-end.
Sales in December surged 7% to $ 6.21 billion, according to preliminary data.
Meanwhile, last year in the same period, only 4.8 per cent increase in jewelry sales was observed in all outlets, according to the individual according to the Bureau of Economic Analysis.
These data contrast with the more cautious figures given CEO of De Beers, Bruce Cleaver (Bruce Cleaver), who said in January that retail jewelry sales rose by only 0.4% in the US over the past year. In December, independent jewelers revenues grew by 1.4%, while total sales increased by 0.7%, Cleaver said, citing data Mastercard Spending Pulse.
Meanwhile, the jewelry consumer price index in January rose by 5% compared to the previous month and increased by 3.7% year on year, according to the latest data from the Bureau of Labor Statistics. Prices of hours increased by 5% in January compared to December, and by 5.4% compared with the previous year, while the prices of jewelery and watches rose by 5% compared to the previous month and 4% on an annualized basis. Changes in prices were not adjusted for seasonal variations.
http://www.feedlisting.com/rss-feed-url/898214.html
Sales in December surged 7% to $ 6.21 billion, according to preliminary data.
Meanwhile, last year in the same period, only 4.8 per cent increase in jewelry sales was observed in all outlets, according to the individual according to the Bureau of Economic Analysis.
These data contrast with the more cautious figures given CEO of De Beers, Bruce Cleaver (Bruce Cleaver), who said in January that retail jewelry sales rose by only 0.4% in the US over the past year. In December, independent jewelers revenues grew by 1.4%, while total sales increased by 0.7%, Cleaver said, citing data Mastercard Spending Pulse.
Meanwhile, the jewelry consumer price index in January rose by 5% compared to the previous month and increased by 3.7% year on year, according to the latest data from the Bureau of Labor Statistics. Prices of hours increased by 5% in January compared to December, and by 5.4% compared with the previous year, while the prices of jewelery and watches rose by 5% compared to the previous month and 4% on an annualized basis. Changes in prices were not adjusted for seasonal variations.
http://www.feedlisting.com/rss-feed-url/898214.html
Ministry of Industry and Information Technology of China seeks to consolidate and upgrade the gold mining industry, reducing the number of miners with more than 600 to 450 and closed by the end of 2020 inefficient enterprises with a total production capacity of 40 tons per year.
According to information published by the official Xinhua news agency, China intends to increase annual gold production to 500 tonnes by the end of the decade, against 450 tonnes at present.
In 2007, China surpassed South Africa and became the world's largest gold producer. The Chinese Ministry expects that the volume of gold production will grow by an average of 3% per year until 2020.
Gold production in China last year grew by less than 1% to 453.5 tons.
Meanwhile, global demand for gold has increased by 2% to 4309 tonnes in 2016, according to the World Gold Council (World Gold Council, WGC).
China is both a leader in the production of gold and a number of other minerals, and a leader in the consumption of metals and minerals.
According to some research organizations, domestic mineral resources and demand are behind the desire of China to purchase foreign mining projects. It is noteworthy that the ratio of production to their own gold reserves in China is 23.5%. In 2013, China became the world's largest gold market, and this metal consumption in the country amounted to 1132 tons. Despite the fact that since then, gold consumption in China decreased its volume still is about 1000 tons per year.
http://www.feedlisting.com/rss-feed-url/898215.html
According to information published by the official Xinhua news agency, China intends to increase annual gold production to 500 tonnes by the end of the decade, against 450 tonnes at present.
In 2007, China surpassed South Africa and became the world's largest gold producer. The Chinese Ministry expects that the volume of gold production will grow by an average of 3% per year until 2020.
Gold production in China last year grew by less than 1% to 453.5 tons.
Meanwhile, global demand for gold has increased by 2% to 4309 tonnes in 2016, according to the World Gold Council (World Gold Council, WGC).
China is both a leader in the production of gold and a number of other minerals, and a leader in the consumption of metals and minerals.
According to some research organizations, domestic mineral resources and demand are behind the desire of China to purchase foreign mining projects. It is noteworthy that the ratio of production to their own gold reserves in China is 23.5%. In 2013, China became the world's largest gold market, and this metal consumption in the country amounted to 1132 tons. Despite the fact that since then, gold consumption in China decreased its volume still is about 1000 tons per year.
http://www.feedlisting.com/rss-feed-url/898215.html
In Monday, March 13, can be held session of the Supervisory Board of ALROSA, which will consider the question of the appointment of Sergeya Ivanova the president of the company. This is reported with reference to its sources.
Russian Prime Minister Dmitry Medvedev signed a directive on the appointment of Sergeya Ivanova the head of ALROSA and at a meeting with Sergeem Ivanovym March 6 wished him success in the work, noting that Alrosa is the world's largest diamond producer and is of systemic importance to Russia, and in particular , for the development of the Far East.
"We need to work actively in all industrial and economic programs with the government, with the Ministry of Finance, to build a full-fledged relations with regional authorities, because the company has an unconditional value, and for most of the Sakha Republic (Yakutia). All these factors need to be put in your set of priorities as the head of the company ", - said the prime minister.
ALROSA - the world's largest rough diamond producer by volume in carats. The company has been producing at its mines in the Republic of Sakha (Yakutia) in the Arkhangelsk region. Sales of rough diamonds ALROSA in 2016 reached 40.1 million carats, an increase over the previous year to 10.1 million carats. At the same time it reduced the production of ALROSA rough diamonds from 38.3 million carats in 2015 to 37.2 million carats in 2016. By 2019 the company plans to increase diamond production to more than 41 million carats.
http://www.feedlisting.com/rss-feed-url/898216.html
Russian Prime Minister Dmitry Medvedev signed a directive on the appointment of Sergeya Ivanova the head of ALROSA and at a meeting with Sergeem Ivanovym March 6 wished him success in the work, noting that Alrosa is the world's largest diamond producer and is of systemic importance to Russia, and in particular , for the development of the Far East.
"We need to work actively in all industrial and economic programs with the government, with the Ministry of Finance, to build a full-fledged relations with regional authorities, because the company has an unconditional value, and for most of the Sakha Republic (Yakutia). All these factors need to be put in your set of priorities as the head of the company ", - said the prime minister.
ALROSA - the world's largest rough diamond producer by volume in carats. The company has been producing at its mines in the Republic of Sakha (Yakutia) in the Arkhangelsk region. Sales of rough diamonds ALROSA in 2016 reached 40.1 million carats, an increase over the previous year to 10.1 million carats. At the same time it reduced the production of ALROSA rough diamonds from 38.3 million carats in 2015 to 37.2 million carats in 2016. By 2019 the company plans to increase diamond production to more than 41 million carats.
http://www.feedlisting.com/rss-feed-url/898216.html
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