July 23, 2014 5:09 AM ET

Metals and Mining

Company Overview of Koidu Holdings SA

Company Overview

Koidu Holdings SA operates as a commercial diamond mining company in Sierra Leone. It focuses on hard rock kimberlite operations. The company was founded in 2003 and is based in Freetown, Sierra Leone. Koidu Holdings SA operates as a subsidiary of BSG Resources Limited.

84 Wilkinson Road

Freetown,  

Sierra Leone

Founded in 2003

Phone:

232 78 874 912

Fax:

232 22 230 467

Key Executives for Koidu Holdings SA

Chief Executive Officer
Chief Communications Officer
Compensation as of Fiscal Year 2014.

Koidu Holdings SA Key Developments

Laurelton Diamonds Inc. Enters into Fourth Amendment Agreement Relating to a $50 Million Amortising Term Loan Facility Agreement with Koidu Limited

On March 31, 2014, Laurelton Diamonds Inc. entered into the Fourth Amendment Agreement relating to a $50 Million Amortising Term Loan Facility Agreement with Koidu Limited and BSG Resources Limited. The Borrower, the Guarantor, and the Original Lender entered into the amortising term loan facility agreement on March 30, 2011, pursuant to which the Original Lender has loaned $50 million to the Borrower. The Borrower operates a kimberlite diamond mine in the Kono district of Sierra Leone from which the Original Lender acquires diamonds, and the Borrower is required under the terms of the Loan to apply the proceeds of the Loan to capital expenditures necessary to expand the Mine, among other purposes.

Laurelton Diamonds Inc. Enters into Third Amendment Agreement Relating to USD 50 Million Amortising Term Loan Facility Agreement with Koidu Limited and BSG Resources Limited

Laurelton Diamonds Inc. entered into a Third Amendment Agreement relating to a USD 50 Million Amortising Term Loan Facility Agreement with Koidu Limited, and BSG Resources Limited. The borrower, the guarantor, and the Original Lender originally entered into the amortising term loan facility agreement on March 30, 2011, pursuant to which the Original Lender has loaned USD 50 million to the borrower. The borrower operates a kimberlite diamond mine in the Kono district of Sierra Leone from which the Original Lender acquires diamonds, and the Borrower is required under the terms of the Loan to apply the proceeds of the Loan to capital expenditures necessary to expand the Mine, among other purposes. Among its other provisions, the Amendment modified the repayment terms of the Loan, deferring the payments that would have been, prior to the execution of the Amendment, owed to the Original Lender on March 30, 2013 and September 30, 2013. Pursuant to the Amendment, 11% of the principal amount of the Loan (and the capitalized interest thereon) will be repaid on each of March 30, 2014 and September 30, 2014, 16% will be repaid on each of March 30, 2015, September 30, 2015, March 30, 2016 and September 30, 2016, and the remainder will be repaid on the final maturity date of March 30, 2017. The Amendment also provides for an additional 2% per year of interest on the Deferred Amount from the date such amount was originally due and owing to the date of repayment. In addition, the Amendment will permit the Borrower to capitalize interest for an additional year, until March 30, 2014.

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Recent Private Companies Transactions

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