RE:RE:RE:Bloomberg articlein my opinion Mountain Province and Lucara are best candidate for takeover, All sector has been played and I believe that very soon all diamond producers, including Petra , Firestone, etc will face mergers. First big smoke was Dominion Diamonds and Mr. Evans will play role. Taking to consideration that Anglo American looking for a right candidate should also gives us indications, how market was played.
BRUCE CLEAVER APPOINTED AS CEO OF DE BEERS GROUP will play main role in this game!!!!!
A draft bill amending the Precious and Semi-Precious Stones Act requires any mining company that obtains an “unusual” rough diamond to notify the authorities within 30 days, Reuters reported last week. After this, the government will have the first option to buy the stone “in accordance with the current market price.”
The bill did not clearly define “unusual,” Reuters said. However, Moses Tshetlhane, an officer in the Ministry of Minerals, Energy and Water Resources, told local newspaper Mmegi Online it referred to diamonds with extraordinary carat weight, clarity or color. First step was done by the government, who is De Beers 15% shareholder. Lucara’s main diamond asset is the Karowe mine in Botswana, which yielded the as-yet-unsold Lesedi La Rona in November 2015. Smoke always comes before the fire.
Most corporate name changes are the result of mergers and acquisitions But these tend to be unimaginative. James Surowiecki