The Grib Diamond Mine: Geology, Ecology and Industrial Safety

Gennady Piven, First Deputy General Manager of AGD Diamonds JSC, talks about his work at the diamond fields in Yakutia and in the Arkhangelsk Province.

Yesterday

I have a dream to see India become a world leader in high-end jewellery manufacturing - Sanjay Kothari

An industry leader who needs no introduction to the gem and jewellery industry is Sanjay Kothari…the former chairman of the GJEPC of India has held various positions in the Council including being Convener-Exhibitions for many years before becoming Convener-Promotions...

03 december 2018

Style always reflects culture

Reena Ahluwalia is a multifaceted artist …an award-winning jewelry designer, diamond painter, professor, speaker and a community builder and more. Recognized as one of the Top Masters of Jewelry Design and art in Canada, she has been creating jewelry...

26 november 2018

Botswana Diamonds’ Campbell on Alrosa exit: no exploration JV lasts forever

Botswana Diamonds is currently in talks with a major diamond producer interested in taking over a stake in Sunland Minerals previously owned by Alrosa. The Sunland joint venture was established in 2014 to test existing Alrosa exploration technology on...

19 november 2018

If real gems are replaced by artificial stones, it is not the difference in value that sellers may cheat you out, but the very idea that you are to obtain along with a jewelry piece made from a genuine stone

Elena Titova is the Director of the All-Russian Decorative Art Museum. The museum, which she heads, was founded fairly recently (less than 40 years ago), but it is one of the most popular and stylish museums of Moscow, famous, among other things...

12 november 2018

Petra says 95 pct of rights issue shares subscribed

03 july 2018
Petra Diamonds said it has received valid acceptances for about 95 percent of the rights issue shares offered in a five to eight rights issue announced last May.

news_03072018_petra.png
Image credit: Petra Diamonds


The company, which has operations in South Africa and Tanzania, had issued 332.8 million shares at 40 pence per share.
It wanted to raise $178 million to settle part of its debt, which was $622 million end of March.
Petra also said subscribers had been obtained for 16.7 million rights issue shares, which represented 5 percent of the rights issue shares at a price of 56.25p per rights issue share.
The subscribers were procured through Petra’s joint bookrunners and underwriters, which comprised RBC Capital Markets, Barclays Bank and BMO Capital Markets.
The net proceeds, it said, from the placing of such rights issue shares would be paid without interest to those persons whose rights had lapsed in accordance with the terms of the rights issue, pro rata to their lapsed provisional allotment.
It said individual amounts of less than £5 would not be paid to such persons but would be paid to the company.

Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished