London-listed Petra Diamonds says it has successfully closed sales for about 80% of the volume of diamonds on offer during its fourth tender cycle for its 2022 financial year ending June 30. About 589 100 ct have been sold for $110-million, at an average price of $188/ct.
Tag: DMCC
Vancouver-headquartered Lucara Diamond Corporation achieved a more than five-fold year-on-year increase in adjusted earnings before interest, taxes, depreciation and amortisation (Ebitda) to $102.5-million for the financial year ended December 31. That compares with the adjusted Ebitda of $18.4-million reported for the 2020 financial year. Lucara has attributed the increase primarily
Namibia has consistently maintained its position as one of sub-Saharan Africa’s primary mining investment destinations, with increased investment in minerals such as cobalt, lithium and co
It’s great to see such a healthy demand for this great industry, De Beers Group CFO Sarah Kuijlaars said after posting a set of stunning financial results for the world’s leading diamond company by value. Underlying 2021 earnings before tax, depreciation and amortisation soared to $1 100-million from $417-million in 2020
Volvo has maintained the honour of producing the best hauler line-up in the world, but hasn’t stopped trying to make the best even better. The post Blue skies ahead for MMC with Volvo A40G appeared first on Miningreview.com.
Reducing the fiscal deficit and stabilising debt bodes well for the discipline the country needs in managing its finances. The post Sobering budget speech assesses debt, grants and failing SOEs appeared first on Miningreview.com.
