RapNet


Rapaport News

 

Mining

 

高級搜尋
最新文章
視訊
功能
新聞
挖掘
原石市場
拋光市場
製造
零售

African Diamonds Raises Stake in AK6 to 40%

Company pays Lucara and Wati $8 million for a larger share in the venture.
Apr 23, 2010 2:40 PM   By Jeff Miller
Print 列印 Facebook Facebook Twitter Twitter 共用 Share

RAPAPORT... African Diamonds exercised its option to increase its stake at the AK6 diamond deposit in Botswana from 28 percent to 40 percent for a total cash consideration of $8 million paid to Lucara Diamond and Wati Ventures. The remainder of equity in AK6 is held by Lucara.

John Teeling, the chairman of African Diamonds, said, "This is another significant step on the road to becoming a significant diamond miner. By the end of 2011 African Diamonds should begin to see a flow of up to 400,000 carats per year with a value of up to $200 per carat once full production is reached."

Tags: African Diamonds, Jeff Miller, Lucara Diamond, Production
Similar Articles
Comments: (0)  Add comment Add Comment
Arrange Comments Last to First



電洽: 1-702-893-9400
Member License Agreement   RapNet Trading Rules & Code of Conduct    私隱政策  
  
twitter twitter
關於 Rapaport
廣告業務