Unifying role is the main objective of the National Gemological Association

Yuri Shelementiev runs the Gemological Centre (GC) at the Moscow State University and is a president of the National Gemological Association (NGA) uniting the gemologists of Russia. The head of the MSU’ GC and the NGA answered the R&P’s...

15 july 2019

“Our goal is to bring clarity to the offering of Lab Grown Diamonds”, asserts Chris Casey, President, Lab Grown Diamond Council

Chris Casey is a 15-year veteran of the diamond and jewelry industry.  Chris also has extensive experience in market research as Founding Managing Director of the NPD Diamond and Diamond Jewelry Service where his responsibility included the...

08 july 2019

Dr. Michael S. Krzemnicki: Our dedication to scientific research is an important foundation to our expertise

Dr. Michael S. Krzemnicki, PhD, Director of the Swiss Gemmological Institute SSEF, in an interview with R&P told about the activities and plans of one of the world's leading Gemological laboratories specializing in scientific research of diamonds...

01 july 2019

“Lab-Grown Diamonds is probably the biggest scam this industry has ever seen,”: Leibish Polnauer, Founder-President, Leibish & Co.

An interesting story from the Leibish & Co takes you way back to the year 1979 when young Leibish Polnauer, then a diamond polisher, was travelling to London, having just found out that the factory at which he worked had been shut down. He found an advertisement...

24 june 2019

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...

17 june 2019

Diamcor seeks financing to support increased processing volumes at SA project

08 july 2019

news_10082018_diamcor.jpgDiamcor Mining intends to complete a term loan financing of up to CDN$1 million and has received an initial commitment of CDN$500,000 from one of its largest investors, along with expressions of interests from several other parties. 
Proceeds from the loan will be used for general corporate purposes, the deployment of additional operational equipment to support increased processing volumes, the continued advancement of the work programmes currently underway at the Krone-Endora at Venetia Project, in South Africa.
It will also provide the company with additional working capital to offset the time frames associated with the tendering and sale of rough diamonds in Antwerp. 
Term loans under the financing, including the initial term loan, will be unsecured, carry an annual interest rate of 7% payable at maturity.
Diamcor will issue 120,000 common shares in its authorised share capital, along with 60,000 share purchase warrants, for every CDN$100,000 of principal advanced under the financing.
The term loan transaction is subject to regulatory approval of the TSX Venture Exchange along with completion of all definitive documentation and filings as required. 

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