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

Xstrata to Lure Anglo to Table with $8B Deal

14 july 2009

Xstrata is planning to up the stakes dramatically in the takeover battle for Anglo American, by dangling a cash sweetener to shareholders of up to $8.1 billion (GBP 5 billion) to tempt Anglo's management, under new chairman Sir John Parker, to the negotiating table, RAPAPORT reported.
City sources say Xstrata would raise the money via a rights issue as credit-crunched banks are reluctant to lend. Also, Xstrata's balance sheet is constrained by debt, making it difficult to justify further borrowings.
Mick Davis, Xstrata's boss, has been mulling his options after Anglo last month rejected proposals for a merger that would have created a mining giant valued at more than $65 billion (GBP 40 billion). He could unveil fresh takeover proposals in August, usually a quiet period, heaping more pressure on Anglo's board.
Anglo's shareholders are in favor of a merger deal in principle and have said as much in meetings with Xstrata executives over the past three weeks. But they want better terms than the nil-premium, all-shares merger that Xstrata proposed in a letter it publicized in June.
In response, Davis is willing to consider adding cash to his offer, as well as agreeing to take a smaller stake in the enlarged company: Xstrata would account for 45 percent, not the 50 percent envisaged in his previous offer.
But a rights issue could prove controversial as Davis is considering the possibility of offering a proportion of new shares to Chinese or Middle Eastern sovereign wealth funds.
When competitor Rio Tinto unveiled a plan to allow China's Chinalco to double its stake in the group earlier this year, the move created a City rebellion. To avoid similar outrage, Davis is willing to grant shareholders pre-emption rights. They would be granted first refusal to buy new shares and, only if they declined, would foreign shareholders be invited to buy.
Xstrata has never made any secret of its desire to merge with Anglo, which produces platinum, diamonds and copper, with major operations in South Africa and Brazil. Under Davis's leadership, Xstrata has grown tenfold since listing in London in 2002, primarily by acquiring weaker rivals in Australia, North America and Latin America.
Anglo, which has major interests in South Africa, is under pressure from shareholders who are unhappy with chief executive Cynthia Carroll. She has been criticized for