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
Tag: world diamond federation
Mountain Province Diamonds Inc. (“Mountain Province”, or the “Company”) (TSX: MPVD) and (OTCQX: MPVD) today announces that it proposes to enter into an agreement to sell (the “Sale“) U.S.$50,000,000 of diamonds to Dunebridge Worldwide Ltd. (“Dunebridge”). The first sale for approximately U.S.$ 22,000,000 is expected to occur on June 11th, 2020 following the execution
Alrosa has announced that it is cutting its expected production this year from 34 million carats to 28-31 million carats – a 17% reduction, according to IDEX Online. Last month, another major miner, De Beers, cut its production from 32-34 million carats to 25-27 million carats. Credit: Alrosa
The Catoca mine in Angola, the world’s fourth largest diamond mine, has cut its production 2020 guidance by 80%, IDEX Online reports. Credit: Lucapa The state-owned miner Endiama, which operates the mine together with Alrosa, has revised its output to 2 million this year, instead of the 10
ALROSA offered an option to its long-term customers to buy rough diamonds through its digital platform amidst limited business travel due to COVID-2019 pandemic related restrictions. At the digital tender taking place between May 15 and 29, 2020, the company offers over 800 rough diamonds from 5-10 carats batches. The
The 171 carat gem-quality white stone is the 15th +100 carat diamond recovered to date from the Lulo mine in Angola and the 2nd +100 carat diamond recovered for 2020. It is also the 4th largest diamond recovered to date since activities began at Lulo. This 171 carat white diamond