09 September 2010
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ALROSA RAISES REVENUE AND PROFIT FORECAST FOR 2010
05 July 2010
At a recent board meeting to discuss adjusting the company's budget, Alrosa's Executive Committee decided to increase the mining conglomerate's revenue forecast from sales, production, ...
LAZARE KAPLAN DELISTED FROM NYSE AMEX
27 June 2010
Lazare Kaplan International Inc. has been delisted from the NYSE Amex after failing to file required financial statements, according to a Securities and Exchange Commission (SEC) filing...
IFC INVESTS IN TSODILO TO SUPPORT DIVERSIFICATION OF BOTSWANA'S MINING SECTOR
27 June 2010
The International Finance Corporation (IFC), a member of the World Bank Group, has agreed to invest $5 million Canadian dollars (US$4.8 million) in TSX-listed Tsodilo Resources Limited ...
VTB LENDS ALROSA $500 MILLION TO REFINANCE DEBT
13 June 2010
Russian investment firm VTB Capital has provided diamond conglomerate Alrosa with a two-year loan of $500 million to refinance short-term loans taken out with Russian banks, reports Int...
SEC CHARGES MIAMI MAN IN $40 MILLION DIAMOND-RELATED PONZI SCHEME
09 June 2010
The U.S. Securities and Exchange Commission (SEC) has charged Miami resident Luis Felipe Perez for conducting a $40 million Ponzi scheme with funds primarily raised from investors to su...
DE BEERS IMPROVES CAPITAL STRUCTURE WITH COMPLETION OF REFINANCING PROCESS
23 March 2010
De Beers has concluded the refinancing of its existing banking facilities, the company announced in a press release. The refinancing comprised a renewal and extension of its worldwide e...
FIRESTONE DIAMONDS PROPOSES SECONDARY LISTING ON BOTSWANA STOCK EXCHANGE
15 March 2010
Diamond mining and exploration company Firestone Diamonds plc, has announced its intention to apply for a secondary listing of shares in the company on the Botswana Stock Exchange and h...
ANTWERP DIAMOND BANKERS SEE RECOVERY ONLY IN 2011
26 October 2009
Diamond traders in Antwerp may not see a recovery in demand in the U.S. and Europe until 2011, according to Pierre De Bosscher, chief executive officer of the Antwerp Diamond Bank (ADB)...
VICTOR VAN DER KWAST: ABN AMRO SEES NO RECOVERY IN DIAMOND MARKET YET
25 October 2009
Following are comments from Victor van der Kwast, chief executive officer of the International Diamond and Jewelry Group at ABN Amro Bank NV, writing for the Antwerp World Diamond Centr...
STATE BANK OF INDIA TO OPEN OFFICE IN BOTSWANA
21 October 2009
The State Bank of India intends to open an office in Botswana to provide financing to the country's growing downstream diamond industry.
NAMIBIA'S CENTRAL BANK SEES INCREASED DIAMOND PRODUCTION AS SIGN OF ECONOMIC RECOVERY; LEAVES BENCHMARK INTEREST RATE AT 7%
14 October 2009
Namibia's mining operations have resumed and its diamond production more than doubled in the second quarter, which are signs of economic recovery for the country's Central Bank, which k...
ABN AMRO BANK BOTSWANA OPENS IN GABORONE
29 September 2009
The Dutch ABN AMRO bank opened a new branch in Gaborone, last Thursday, symbolizing "a giant leap in the development of Botswana's diamond industry," as described by the country's vice ...
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