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Petra Finsh mine
Petra Diamonds Warns of Lending Breach
PetraDiamonds is likely to breach its lending covenants following strikes at threeSouth African mines and a dispute over valuation at its operations in Tanzania,it warned.Thecompany has informed its lenders that it might fail to meet certain ratiosrelated to its...
Mining Oct 15, 2017 Rapaport News
Bank Seizes Exelco’s Assets: Bloomberg
Belgian bank KBC Group has seized assets of Antwerp diamond firmExelco to recover unpaid loans, according to a report by Bloomberg this week.In an effort to recoup $29 million (EUR 26 million) fromExelco, the lender had bailiffs search...
Financial-Legal Jul 06, 2017 Rapaport News
Firestone Ups Liqhobong Production Forecast
Firestone Diamonds has raised its production outlook for theLiqhobong mine to 360,000 carats for the fiscal year ending June 30.Operations at the Lesotho-based project, which the company initially predicted would produce 300,000...
Mining Jun 25, 2017 Rapaport News
Shrenuj Botswana factory
Shrenuj Nears Debt Deal to Ease Liquidity Crisis
Shrenuj & Co. is close to securing at least $100 million in “long-term” fundingfrom an unidentified institutional investor to ease the beleaguered company’s debtcrisis.The diamond and jewelry manufacturer will deploy the timely externalfinancing to relieve pressure on liquidity,...
Manufacturing Nov 29, 2016 Rapaport News
ALROSA Repays $185M Worth of Commercial Bonds
In the past week, ALROSA repaid Series 20–23 commercial bonds of $185 million (RUB 10 billion) that were placed on Moscow Exchange in June 2010.According to a company statement, the bonds were repaid through a liquidity source of cash...
Financial-Legal Jun 23, 2015 Jeff Miller
ALROSA Takes Measures to Improve Liquidity
Press Release: As of December 1, 2014, ALROSA has $3.6 billion of bank loans and public debt instruments, including debt maturing in 2015 -- $600 million of loans from JSC VTB Bank, $348 million (RUB 20 billion) of commercial...
Financial-Legal Dec 12, 2014 ALROSA
tiffany small
Tiffany & Co.'s Revenue +5%, Profit -60%
Tiffany & Co. reported that revenue rose 5.3 percent year on year to $959.6 million in the third quarter that ended on October 31. Same-store sales rose 4 percent. The jeweler reduced cost of sales by 0.8...
Financial-Legal Nov 25, 2014 Jeff Miller
gahcho kue
Mountain Province Appoints Banks for $370M Facility
Mountain Province Diamonds Inc. selected three banking institutions to arrange and underwrite a senior secured term loan facility of up to $370 million to fund the company's share of construction costs at the Gahcho Kué diamond mine located...
Financial-Legal Jul 28, 2014 Jeff Miller
ALROSA Announces Measures on Short-Term Debt Refinancing
Press Release: ALROSA allocated two long-term bank loans in the amount of $1.09 billion with a maturity of 3 years. The loans were allocated for early repayment of $820 million in bank loans with maturity in June and...
Financial-Legal Apr 30, 2014 ALROSA
jcpenney jewelry
JCPenney's 3Q Revenue -5%, Loss Surges to $489M
J.C. Penney Company Inc. reported that its revenue fell 5.1 percent year on year to $2.78 billion in the third quarter that ended on November 2; however, the retailer held cost of goods sold relatively flat...
Financial-Legal Nov 20, 2013 Jeff Miller
japan jewellery fair
Japan Increases Sales Tax to 8% in April
Japan's Prime Minister Shinzo Abe will increase the country's sales tax on April 1, 2014 from 5 percent to 8 percent and add another two percentage points in October 2015 in an effort to arrest the country's growing debt....
Financial-Legal Oct 02, 2013 Jeff Miller
christmas book
Neiman Marcus' 4Q Profit Grows to $3M
Neiman Marcus Group LTD Inc., formerly referred to as Neiman Marcus Inc., reported that its revenue rose 11.3 percent year on year to $1.119 billion for the fourth fiscal quarter that ended on August 3. Comparable-store...
Financial-Legal Oct 01, 2013 Jeff Miller
carol alt jewelry
Sears' 2Q Revenue -6%, Loss Jumps to $194M
Sears Holdings reported that its revenue slipped 6.3 percent year on year to $8.87 billion for the second quarter that ended on August 3. Comparable-store sales in the U.S. fell 1.5 percent, while same-store sales...
Financial-Legal Aug 22, 2013 Jeff Miller
jcpenney jewelry
JCPenney's 2Q Sales -12%, Loss Surges to $586M
J.C. Penney Company Inc. reported that its revenue and same-store sales plunged 11.9 percent year on year to $2.7 billion for the second quarter that ended on August 3. Cost of goods sold fell only...
Financial-Legal Aug 20, 2013 Jeff Miller
jcpenney jewelry
JCPenney Calls CIT Report Untrue
J. C. Penney Company Inc. claimed that CIT continues to support its suppliers, contrary to news reports from yesterday, which sent the retailer's shares plummeting about 12 percent. CIT continues to factor and support deliveries from...
Financial-Legal Aug 01, 2013 Jeff Miller
Charles&Colvard moissanite necklace
Charles & Colvard's 1Q Sales +56%, Records a Profit
Charles & Colvard reported that its sales rose 56 percent year on year to $6.51 million, while costs and expenses rose only 22 percent to $5.98 million for the first quarter that ended on March 31....
Financial-Legal Apr 26, 2013 Jeff Miller
Charles&Colvard moissanite necklace
Charles & Colvard's Sales +40%, Profit Rises to $4M
Charles & Colvard Ltd. reported that its sales rose 40 percent year on year to $22 million for the year that ended on December 31. Profit rose to $4.4 million, or 22 cents per diluted share, from...
Financial-Legal Feb 27, 2013 Jeff Miller
Zale's Revenue +7%, Narrows Loss to $32M
Zale Corporation increase its revenue 7.3 percent year on year, during the first-fiscal quarter, to $351 million and cost of sales rose 0.8 percent to $163.3 million for the three months that ended on October...
Financial-Legal Nov 21, 2011 Jeff Miller
Zale Extends Maturity Date on Loans
Zale is extending the maturity of its $120 million, asset-backed credit facility by more than two and a half years, pushing the maturity from August 2011 to April 30, 2014. The portion of Zale’s debt being extended includes a seasonal adjustment of $20 million, while the retailer’s commitment...
Retail Apr 27, 2011 Ricci Dipshan
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