Botswana mining industry players speak on speculative exploration licences

Speculative mineral exploration licences was a recurring theme from presentations made by three players in Botswana mining industry at a conference convened in Gaborone. The country has issued thousands of exploration licences, across the mining industry...


Design is the key to all markets

Besides being an astute businessman, Mumbai-born Laksh Pahuja is a designer par excellence known globally for his awe-inspiring unusual jewellery pieces. Trained at the Gemological Institute of India and Harrow College of Art England, Laksh combines...

10 june 2019

Mutual mass destruction will not serve anybody’s purposes

The recent moves by the U.S. Federal Trade Commission (FTC), including its letters urging some companies to abide to the revised edition of FTC Jewelry Guides and the explanations from FTC attorney Robert Frisby posted on the FTC website were...

03 june 2019

Pavel Sokolov: Every stone has its beauty

THE ‘GEMSTONES BY SOKOLOV’ brand has been popular for over 25 years. The aim of this company is to supply any kind of gem studs to the Russian market including the unique ones except diamonds of any cut. The product range by the SOKOLOV Company is very...

27 may 2019

“We are building a new state-of-the-art tender facility,” says Ahmed Bin Sulayem, Executive Chairman, DMCC

Ahmed Bin Sulayem certainly needs no introduction being widely popular globally as one of the leaders of modern Dubai. As the Executive Chairman of DMCC, Ahmed Bin Sulayem has played and continues to play a key role in establishing and positioning DMCC...

20 may 2019

Firestone Diamonds issues 18,9 mln new ordinary shares

17 april 2019

firestone_diamonds_logo.pngFirestone Diamonds has opted to issue 18,899,464 new ordinary shares in respect of the quarterly interest due on the $30 million Series A Eurobonds, for the quarter ended 31 March 2019.
The company would also issue 9,449,732 new ordinary shares to Pacific Road and 9,449,732 new ordinary shares to Resource Capital in respect of the interest due on the Series A Eurobonds, for the quarter ended 31 March 2019.
Following the issue of the new ordinary shares, Pacific Road and Resource Capital would be interested in 161,426,065 and 162,021,377 ordinary shares respectively, representing about 28.55% and 28.65% respectively of the company's issued share capital.
Firestone had already filed an application to the London Stock Exchange for the new ordinary shares to be admitted to trading on AIM. 
On admission, the company would have 565,471,782 ordinary shares in issue.

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