ASX-listed Burgundy Diamond Mines will raise nearly A$50-million to accelerate its diamond strategy. The company on Monday reported that it had received binding commitments from institutional and sophisticated investors to raise A$49.7-million, of which A$34.5-million would be raised through an unsecured convertible note issue, and a further A$15.2-million through a
Tag: DMCC
De Beers has reported its rough diamond production for the second quarter of the year, showing an increase of 134% year-on-year to 8.2-million carats, Mining Weekly reports. According to De Beers, the rise reflects “planned higher production” to meet stronger demand for rough diamonds. Full-year production guidance was updated
Fakude has spent several years in the mining sector where she serves as chairperson of Anglo American South Africa’s management board. The post Nolitha Fakude: Exemplifying employment equity appeared first on Miningreview.com.
While a large contingent of its clientele is based in South Africa, ArmCoil has a strong African footprint in West and central Africa. The post ArmCoil: Resilient, robust and reliable appeared first on Miningreview.com.
Issue 5 of Mining Review Africa puts the focus on ESG (Environmental, Social and Corporate Governance), one of the BIGGEST on-trend topics in mining across the African continent. Investors, consumers and stakeholders alike are no longer willing to negotiate on this principles. But what does it mean, how do you
Diamond miner Petra Diamonds produced 3.2-million carats at its operations in the financial year ended June 30. The Cullinan mine’s performance, which contributed production of more than 1.9-million carats, was offset by lower production at Finsch and Koffiefontein, while the Williamson mine, in Tanzania, remained on care and maintenance.
