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...

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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

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23 august 2021

De Beers’ GemFair ropes in more than 160 Sierra Leone artisanal miners

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16 august 2021

Firestone inks financial agreements for Liqhobong diamond mine

29 may 2014

Firestone Diamonds has entered into the Absa debt facility, subscription agreements and the mezzanine facility agreement under the $225.2 million fundraising.
It said in a statement emailed to Rough & Polished that the proceeds would be used to build and commission the main treatment plant and supporting infrastructure at the Liqhobong diamond mine in Lesotho.
"Entering into the financing agreements, following receipt of shareholders' approval for the fundraising at the general meeting, is the concluding element to the project financing package required for Firestone to commence building the main treatment plant at its Liqhobong Diamond Mine in Lesotho,” said company chief executive Stuart Brown.
“We look forward to beginning the early earth works on the project in the coming weeks following receipt of funds from the placing and subscription on admission."
The placing, subscription and open offer would complete on admission of the new ordinary shares expected to occur on 29 May, together with the issue of warrants to Pacific Road and RCF VI to subscribe for, in aggregate, 487,864,372 new ordinary shares at 6.15 US cents apiece.
The company currently anticipates that the majority of the proceeds from the placing and the subscription would be utilised prior to the drawdown of the Absa debt facility and the mezzanine facility.

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