GOLDNET.MARKET - “We want and are working to provide business with the opportunity to develop a lot of activity areas”

Today, almost all jewellery companies have their own wholesale websites, online stores, and social media pages. But a year ago, GOLDNET.MARKET, the first jewellery wholesale marketplace appeared in Russia, a new effective tool for the jewellery market...

20 september 2021

Platinum’s rare nature gives it additional value and appeal

Huw Daniel is the CEO of Platinum Guild International, overseeing market development activities in China, Japan, India and the USA, on behalf of the platinum producers of South Africa. Before taking up this role in 2015, Huw ran PGI USA for 12 years...

13 september 2021

Marco Carniello: We want to continue to be the engine boosting the jewellery industry

Italian Exhibition Group (IEG) is a leader in Italy in the organisation of trade fairs and one of the main operators in the trade fair and conference sector at European level, with structures in Rimini and Vicenza, as well as further sites in...

06 september 2021

There is a significant need for smart and technological financial solutions in the diamond industry

MDPS, the Israeli start-up Fintech company from the Mazalit Group is gearing up to enter the diamond industry soon. Zeev Maimon, the CEO of MDPS is also the Founder / CEO of MAZALIT, a B2B payment platform designed and dedicated to the global diamond...

30 august 2021

The future for synthetics lies in that it has become possible to grow a stone you want and make what you want out of it

Alex Popov, President of the Moscow Diamond Exchange and head of the Âme jewelry brand, which uses lab-grown diamonds to produce jewelry, sat for an interview with Rough&Polished sharing his views on the coexistence of natural and man-made diamonds in...

23 august 2021

Diamcor to get C$3,5mln convertible loan

01 october 2020
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                                          Image credit: Diamcor


Diamcor Mining, which owns the Krone-Endora at Venetia Project, in South Africa, says it intends to complete a convertible loan financing of up to C$3,5 million. 
It said the proceeds from the financing will be used for general corporate purposes, the resumption of operations, and the continued advancement of the work programmes previously underway before the COVID-19 related shut down at Krone-Endora.
The South African government recently eased its tough lockdown restrictions, which allows Diamcor to resume operations at the Krone-Endora. 
The financing will consist of unsecured convertible promissory notes having a term of two years from the closing date and bearing interest at the rate of 10% per annum.
During the first year, interest will accrue and be payable at the first anniversary of the note. 
In the second year, interest will accrue and be payable semi-annually. 
No principal payments will be required until maturity.

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