Industry organisation the World Federation of Diamond Bourses (WFDB) has launched a campaign, Diamond Aid, to raise funds to help India in its battle against Covid-19. On April 28, the WFDB executive committee held an emergency session over Zoom and decided unanimously to mobilise the international diamond and jewellery industry
Tag: DMCC
The streaming-and-royalty business model provides exposure to commodities while minimizing many risks as well as offering diversification. The post Streaming and royalties in mining: Let the music play on appeared first on Miningreview.com.
Russia’s Alrosa, the world’s largest producer of rough diamonds, has recommended a record half-year dividend payment of 70.3-billion roubles ($938-million) representing 80% of its free cash flow (FCF), the State-controlled company said on Wednesday. The company, which competes with Anglo American unit De Beers, is generous with payments to shareholders
Mining, preceded by exploration, is the greatest economic multiplier of all business activities, including government expenditure, says Integral Asset Management chief investment officer Bruce Williamson. It therefore makes huge sense for government to enact attractive investment-friendly policies that encourage exploration and mining.
The diamond industry’s collapse last year left the biggest producers with billions of dollars of uncut gems stashed away in safes. Now, in a matter of months, they’ve suddenly found buyers. The huge stockpile was built up when the diamond world came to a standstill during the height of the
Debswana Diamond Company, a joint venture between the Botswana government and Anglo American’s De Beers, said on Friday that its new business strategy adopted last year should enable it to create at least ten-billion pula ($924-million) in additional revenue over the next four years. The five-year strategy, adopted at the
