Whew!! Glad ECU Didn't Do This (OT)

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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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Whew!! Glad ECU Didn't Do This (OT)

posted on Dec 02, 2009 04:05PM

De Beers plans $1bn rights issue to cut debts

De Beers saw profits plummet in the first half of the year.

De Beers, the world's largest diamond producer, has announced plans to raise up to $1bn from investors.

The rights issue is designed to help reduce the company's debts, which currently total $3.5bn.

The move comes at the end of a bad year for De Beers, which saw first-half profits fall by 99% as a result of a collapse in the price of diamonds