IDEX Online - Rough Market Rough Market
- Angola Bidding for Majority Stake in De Beers
on 27 October 2025 at 4:00 amAngola is now bidding for overall control of De Beers, with a proposal to buy Anglo American's entire 85 per cent stake, according to Reuters, Bloomberg and other news sources. It's only a month since Diamantino Azevedo, Angola's minister of ...
- US Could Cut India Tariffs from 50% to 15%on 26 October 2025 at 9:00 am
The US is reportedly considering a reduction in its tariffs on exports from India, if it agrees to limit its oil imports from Russia. Both sides are edging closer to a trade agreement that would cut the current 50 per cent tariff to 15 per cent or 16 per cent...
- Lesotho Mine Urges Government Help to Avoid Closureon 23 October 2025 at 5:00 pm
Storm Mountain Diamonds (SMD) is warning that its Kao mine, in Lesotho, could close within weeks unless the government - a 25 per cent shareholder - provides urgent tax and royalty relief. The government is torn between showing undue favoritism to a business
- $25m Rights Issue to Keep Petra Afloaton 22 October 2025 at 8:00 am
Petra Diamonds has announced details of a lifesaving $25m (£18.8m) rights issue to keep the company afloat as it battles falling prices and production, together with rising debt and cash flow difficulties. Existing shareholders will be offered 114 million new ...
- Okavango to Hold First Contract Saleon 21 October 2025 at 6:00 am
Botswana's state-owned Okavango Diamond Company (ODC) is to hold its first contract sale direct to buyers next month. It marks a significant shift away from online auctions, which currently represent around 90 per cent of its sales, towards a process ...