The company noted that the first phase of the mine on care and translation service will entail the need to re-enter into operation pumping station and transfer to the underground workings of the mine standby to restart.
DiamondCorp also said that the second phase of production at the site UK4 continues, but the company will now need to arrange additional financing for the access to the development of kimberlites deeper than the current level of production, in particular, at around -500m.
"The company's management is negotiating with senior directors with a view to their participation in the second phase of fund-raising and management of production in the Lace", - noted in the company.
"It is expected that additional positions with executive powers, and without them would be filled on the board," - continued DiamondCorp.
At the same time, DiamondCorp also said that plans to get £ 1 million ($ 1.2 million) through the sale of shares at a price of about $ 0.05 per paper.
Revenues from the offering will be mainly used for mine content to the beginning or middle of April 2017, as well as the direct costs associated with his alleged revival.
Nevertheless, the completion of fundraising - a prerequisite of negotiations between DiamondCorp and expert on remediation companies Deloitte & Touche and AMCU for cuts and unpaid wages, the company said.
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According Antwerp World diamond center (Antwerp World Diamond Centre, AWDC) , in February export diamonds from Belgium decreased by 9.6% a year and reached $ 1.6 billion. Export volume fell to 16% to 615 837 carats and the average price jumped by 7.3%, to $ 2592 per carat.
Compared with the previous month supply of diamonds were higher in February because the goods exported to Hong Kong for the March fair, and this implies that the surge was caused by seasonal. Monthly exports to this key center of trade increased in February by almost five times, to $ 684.1 million, but fell by 17% year on year. This was usually followed by a peak diamond imports in March, when the gems back from the fair.
Among the other major trading partners of Belgium's polished exports to the US fell by 11% compared to last year, to $ 285.9 million. Deliveries to Israel declined by 20% in volume, but showed a slight increase in cost.
Import diamonds in Belgium was reduced to 12% in general, up to $ 1 bn. Net export diamonds representing the difference between export and import increased by 6.6% to $ 714.9 Mill.
Rough imports jumped by 28% to $ 1 33 billion, and its exports gained 21% to $ 1.28 billion. Net rough imports, representing the value of imports minus exports, rose to a surplus of $ 52.1 million compared with a deficit of $ 17.1 million a year earlier.
Belgian diamond trade balance for February, which is the difference between total exports and imports of rough and polished diamonds increased by 15%, to $ 662.8 million.
Polished exports fell by 8% in the first two months of the year, to $ 2.37 billion, while while imports decreased by 12% to $ 1.87 billion. imports of diamonds increased by 9.6%, to $ 2.06 billion, while rough exports grew by 8.5%, to $ 2.07 billion.
The balance of the Belgian diamond trade for the period increased by 4.8% since the beginning of the year, to $ 511.3 million.
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