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Tag: tulip diamonds fze

Could The Cullinan Diamond Mine Soon Have a New Owner?

Petra Diamonds has announced that its board of directors has decided to seek offers for the company, parts of the business, or its assets. Petra is exploring all options available to it in relation to its $650 million outstanding 7.25% senior secured notes which are due for repayment on 1 May
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Miner Petra Diamonds puts up ‘for sale’ board

Petra Diamonds has put itself or parts of its business up for sale, the Africa-focused miner said on Friday, as part of a review the company began in March after being hammered by lacklustre demand and prices for the precious gem. The company has been in talks with its creditors
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Small-scale Alexander Bay diamond miners defend recent lambasting

The Equitable Access Campaign (EAC), which includes local marine diamond miners operating off the coast of Alexander Bay, tells Mining Weekly it strongly disagrees that State-owned land and marine diamond mining company Alexkor’s concessions potentially being be sold off. It argues that Alexkor’s assets are “unquestionably strategic” and “arguably priceless”.
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Stornoway CEO resigns in rationalisation exercise

Canada’s Stornoway Diamonds on Thursday announced a management shakeup as part of a rationalisation exercise, which began last year with the privitisation of the company. Patrick Godin had resigned as CEO and Annie Torkia Lagacé also stepped down as executive VP, finance and corporate services. Gordon would be succeeded by
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Lesotho opens more border posts for return of foreign mineworkers

Lesotho has opened up more border posts to speed up  the return to work of locked-down foreign mineworkers. As reported  by Mining Weekly last week, 12 000 mineworkers had one border post at their disposal on re-entering South Africa from Lesotho and the opening of more border posts was requested.
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Anglo American calls for cooperative response in trying times

Diversified miner Anglo American CE Mark Cutifani has called for a society-wide response to the global Covid-19 crisis and says the miner is committed to global tax and the Extractive Industries Transparency Initiative (EITI). In its Tax and Economic Contribution report for the year ended December 31, 2019, Cutifani says
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