Rio Tinto is launching a new program to further reduce debt through the purchase of its bonds in the amount of $ 3 billion, the company said.
As part of the Rio Tinto program issued a notice of redemption of its dollar bonds maturing in 2017 and 2018 in the amount of approximately $ 1.5 billion. In addition, the company launched a tender offer to purchase for cash its dollar bonds maturing in 2019- 2022 is also worth about $ 1.5 billion.
it is noted that the launch of a new program of debt reduction has been made possible thanks to the strong liquidity position of the Group.
"Today's announcement is part of the realized capital management program Rio Tinto Group and follows the successful completion of the tender offers to purchase for cash bonds in the amount of $ 4.5 billion earlier this year," - said in a release.
In April, Rio Tinto has launched a program for the purchase of its bonds maturing in 2017 and 2018 in the amount of $ 1.5 billion. In June, the company also announced the purchase of its bonds maturing in 2018, 2020, 2021 and 2022 to $ 3 billion.
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Botswana Diamonds and its joint venture partner Alrosa began exploration program in Orapa (Orapa), Botswana.
Sunland Minerals, a joint venture between Botswana Diamonds and ALROSA carries out work on the project.
"Exploration program in two license areas in the Orapa has great potential New license area PL 260 already contains diamondiferous kimberlites." - said General Director of Botswana Diamonds Dzhon Tiling (John Teeling) in a statement sent to Rough & Polished.
"We would like to check whether improves the content of diamonds with depth, so we organize a fence bulk sample to obtain reliable results. The new sampling will be based on the drilling program in 2015. We have obtained updated information, which enhance our confidence in the mineral content indicator of kimberlite. We hope that the sampling program will allow us to confirm our assumptions. "
The company began sampling in areas PL 260 and PL 210, which contain diamondiferous kimberlites AK21, AK22 and AK23.
"Exploration program, which includes geophysical studies of soil, kimberlite drilling and the use of a drill large diameter reverse circulation, will continue until the end of April", - noted in the company.
Botswana Diamonds said that the sampling will be carried out in the area PIMU (Gope).
Research in PIMU held in areas PL 135, PL 136 and PL 137.
The company has received a new license PIMU zone at the end of 2015. Soon they will also be initiated exploration.
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