CEO Dan Mano explains why RapNet became Rapaport Trade – and how the Price List will become truly transparent.
Category: Mining
Restructuring of trading department reflects ongoing market crisis.
Dubai-based Gaston International, which Dev Shetty founded, buys Lulo deposit and all other assets.
Lower-grade ore also hindered earnings, as miner had less supply to sell in second quarter.
Angolan exploration area is part of company’s joint venture with state-owned diamond miner Endiama.
Miner sold Seriti diamond in second quarter for an initial value of $12 million.
Hit comes amid lower overall prices and fewer goods on offer.
Sales up 8% year on year for January-to-June period.
Misery pit due to close in 2027, Point Lake in 2030, and Fox site will continue for 15 years.
Miner reports deficit of $245 million for first half.
