GJ Town India

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Ghaghoo diamond mine The primary asset in Botswana Gem Diamonds Limited has entered into a binding agreement with Pro Civil (Pty) Ltd for the sale of 100% of the share capital of Gem Diamonds Botswana Proprietary Limited (GDB). Pro Civil is a company registered in Botswana. GDB's primary asset is the Ghaghoo diamond mine in Botswana which has been on care and maintenance since March 2017, and which is wholly owned by GDB.    GDB reported for the period ended 31 December 2018, loss before tax of BPW 49.5 million (US$ 4.9 million) and, as at the same date, had gross assets of BWP 42.3 million (US$ 3.9 million). Under the share sale agreement, Pro Civil will make a once-off upfront payment of US$5.4m for the share capital of GDB.   Gem Diamonds will use the sale proceeds for general corporate purposes.   In addition, Pro Civil will assume the environmental liability currently associated with GDB.          ...

Alrosa, the 4 th Top among   Global mining companies! Alrosa, the world’s largest diamond mining company, ranked fourth globally and first in Russia among mining companies by total shareholder return (TSR) in the 2019 Value Creators report, a ranking compiled by The Boston Consulting Group (BCG). TSR is a key metric that shows the return to a company's shareholder, combining share price movements and dividends paid. The 2019 Value Creators ranking covers companies whose capitalisation exceeds USD 3.5 bn. According to the BCG analysts, Alrosa delivered an average TSR of 29.9% over the five years from 2014 through 2018, well above the industry’s median of 3.1%. The Value Creators Rankings have been published annually since 1999. This year, it covered around 2,250 companies that trade at least 20% of their shares in public capital markets and have been listed on a world stock exchange for the last five years. The companies are organised into 33 industry groups an...