Archive for the ‘Finance’ Category


Posted: February 10, 2014 in Finance

(Las Vegas, NV – July 8th, 2013) On July 8th, 2013 the executives of the RRR Development receives confirmation that Switzerlands SFBBL AG has approved the initial funding for the RRR Development. Total funding is estimated at four hundred million $400,000,000.00) dollars (USD) over a 5-year period of the project.

The project is being referred to as “The City within a City”. It is the revitalization of a (5) + city block area of abandoned, unproductive and environmental riddled buildings. The vision or future is to revive the area with life with live community active, sports, entertainment, hotels, business centers and a new renewable energy and smart building infrastructure to support the growth area. RRR intent is to bring alive a pinnacle part of the cities river district area. The creation will execute the revival of the areas with urban life style with community active, sports, entertainment, hotels and business centers.


(Las Vegas, NV – June 24, 2013) On June 21st, 2013 LNBG receives confirmation that First American Title the leader in commercial services in United States will provide project financing guarantees, title and escrow services in the amount of $120,000,000.00 plus for the RRR Development project in Downtown River District of Rockford, Illinois. This is a major part of the success of this project, property and acquisition (PPA) of the RRR program. It is like receiving a No Risk Guarantee for principal investment into LNBG’s PPAs for our stakeholders and private partners cites Philip Pritchard and Lord Neil B Gibson of LNBG, LLC.


On June 21st, 2013 RRR Development received confirmation that First American Title, the leader in commercial services in U.S., will provide project financing guarantees, title, and escrow services in the amount of $120,000,000.00 for the RRR Development project in Downtown River District of Rockford, Illinois. This is a major success for the project, property and acquisition (PPA) of the RRR program. “It’s like receiving a No Risk Guarantee for principal investment into PPAs for our stakeholders and private partners” said Philip Pritchard and Lord Neil B Gibson of LNBG, LLC.


PARIS, May 30 2012 (Reuters) – Financial spreadbetters expect Europe’s main stock indexes to fall on Wednesday, surrendering gains made in the previous session as lingering fears over Spain’s troubled banking sector rattle investors and send the euro currency to a two-year low.

Financial spreadbetters expect Britain’s FTSE 100 to open 25 to 30 points lower, or down as much as 0.6 percent, Germany’s DAX to open 11 to 18 points lower, or down as much as 0.3 percent, and France’s CAC 40 to open 15 to 22 points lower, or down as much as 0.7 percent. (more…)

GENEVA (AP) — Credit Suisse Group will buy Morgan Stanley’s wealth management businesses in Europe, the Middle East and Africa, but not in Switzerland.

Switzerland’s second-largest bank says it is acquiring $13 billion in assets mostly belonging to wealthy people across Europe, but it didn’t disclose further details.

Romeo Lacher, head of Credit Suisse’s Western Europe private banking, said Wednesday that the deal will accelerate “growth momentum” in the company’s wealth management business. He suggested the new employees would be retained.

With one of the world’s biggest private banking operations, Credit Suisse has been overhauling its investment banking division and merging its private banking and wealth management arms to cut costs and satisfy regulators.

Last month it said it had returned to profitability in the fourth quarter but was cutting costs more than previously planned.

Lord Neil B. Gibson and We at Twin Peaks Limited are excited to introduce you to “Project Lesotho” in rebuilding a community, there are 3 necessary components : Natural Resources, Manmade Resources and Teamwork.

The sign of a powerful community is sustainability and this is why “Project Lesotho” has won the hearts of many. For a business minded individual, rebuilding an entire country and investing in such progress lends obvious signs as to why such an endeavor is lucrative.

Furthermore, one truly recognizes what Switzerland is to Europe, Lesotho is to Africa which has obvious benefits. For a government entity, such a project is not only the responsibility of a nations leadership but it too is an opportunity to better all aspects of a region impacting an individual and transcending to groups, businesses and entire communities.

Lord Neil Benjamin Gibson states “Project Lesotho” is a team effort fueled by private entities who are committed to participating in a movement for the betterment of people. In doing so the goal of “Project Lesotho” is threefold:

– To enhance transportation –

– To enhance the natural resources and number –

-To elevate the standard of living –

Twin Peaks Investment Group concentrates it’s investment efforts to work in conjunction with the economic growth strategy developed by the government of Lesotho. Twin Peaks has established a direct relationship with the Royal family of the country in an effort to improve overall quality of life for all it’s citizens.

Lesotho had surpassed most LDCs in attracting foreign direct investment (FDI), predominantly export-oriented, and in significant amounts to the apparel industry, which had generated employment and foreign exchange. However, this FDI was dependent on temporary trade privileges, and Lesotho had to face the challenge of full global competition once those trade privileges were to expire. The IPR recommended a strategy to retain existing investors and diversify investment. Key actions included:

  • Developing a competitive base for manufacturing FDI.
  • Exploiting more fully complementarities with Lesotho´s neighbour, South Africa .
  • Improving access to other large markets.
  • Building up the country´s own capabilities in manufacturing, services and agriculture.
  • Fine-tuning the investment framework.
  • Raising workers´ productivity.
  • Strengthening local entrepreneurship.
  • Addressing infrastructure constraints.
  • Strengthening FDI promotion and facilitation

Namakwa Expects Mine Life of Over 40 Years from Kao Kimberlite Mining Lease in Lesotho

Namakwa Diamonds Limited says that the Government of the Kingdom of Lesotho has transferred the mining lease to the Kao Kimberlite Pipe to Namakwa Batla Diamonds Pty Ltd (NBDL), the company’s joint venture with Batla Minerals SA, the Government and Lesotho investors. The Government has also entered into a mining agreement with NBDL. African Alliance Lesotho (Pty) Limited provided corporate finance advice to NBDL.

Pursuant to the transaction, NBDL has agreed to settle the claims of certain Lesotho creditors of the previous incumbent of the Kao mining lease up to a maximum aggregate amount of ZAR 50.6m (US$6.6m). These claims remain subject to verification by the appointed liquidators and potential reduction.

Kao’s main kimberlite pipe is the largest in Lesotho and the fourth largest in Southern Africa at 19.8 hectares. It is situated at an altitude of 2,500m approximately 200km north of Maseru. It lies within a 20km radius of the diamond producing Letseng and Liqhobong mines. Resources for the Kao Pipe total 173 million tons (27Mt measured, 63Mt indicated and 83Mt inferred) containing an estimated 12.4 million carats.

The transaction provides two distinct advantages:

  1. A recognized kimberlite asset in Lesotho – an established centre for kimberlite mining with proven infrastructure and logistical capabilities; and
  2. The JV with Batla and the Lesotho investors provides local experience and knowledge. Batla’s wholly owned subsidiary, Alluvial Ventures is the contracted operator for the weathered kimberlite deposits at the nearby producing Letseng mine.

Namakwa intends to develop Kao from its current internal resources and management anticipate 10M tons of kimberlite being processed for the recovery of 700,000 carats, over a five year period, Thereafter it is planned to ramp up production to 5M tons per annum with an expected life of mine in excess of 40 years.

The transaction underlines Namakwa Diamond’s strategy of acquiring low risk, high quality assets, with a short lead-time to production.

The Company also announces the appointment of Keith Whitelock as Chief Technical Officer (Operations). Keith, whose initial responsibilities will include heading up the Kao project, has over 40 years’ experience in diamond projects covering all aspects of locating, bulk sampling and mining of both alluvial and kimberlite deposits. Keith was employed by the original discoverer of Kao and the three other kimberlite pipes in the same area: Letseng, Liqhobong and Mothae. He worked with De Beers for 21 years and joins Namakwa Diamonds after 14 years as CEO of Letseng Diamonds during which time he led the constructing, commissioning and operating of the Letseng Mine.

Commenting, Namakwa Diamonds’ Chief Executive Nico Kruger said “Kao represents a genuinely exciting development for the Company, signaling a move into a new southern African geographical region and our first kimberlite project. I am delighted that Keith Whitelock has agreed to lead this exciting project and lend his extensive experience to the wider operations of the Namakwa Diamonds Group.”


About Namakwa Diamonds:
Namakwa Diamonds is a vertically integrated diamond resource group focused on diamond mining and beneficiation across Southern Africa. The Company has a diversified portfolio of diamond projects, which include distinct diamond resource target areas now located in five African countries, namely: South Africa; Lesotho; the Democratic Republic of Congo; Namibia and Angola. The Company’s projects are located within historically prospective geological environments.

Alluvial diamond deposits, including marine, have to date constituted the primary focus of the Company, whilst kimberlite opportunities are considered if they are at an advanced stage of development, consistent with Namakwa Diamonds’ philosophy of a short resource delivery time.

The Company adds value to its mining operations with a well-established beneficiation division, developed over a 30-year period, with operations in South Africa, the Democratic Republic of Congo and Israel, allowing Namakwa Diamonds to capitalise on margins across the diamond value chain.

About Batla Minerals SA:
Batla Minerals is an established diamond mining company listed on the NYSE Euronext (Marche Libre) in France. Alluvial Ventures, Batla Minerals’ wholly owned subsidiary, conducts contract diamond mining in Lesotho. The business has current operations in Lesotho and South Africa. New ventures are being sought across Southern Africa and more specifically in Namibia, Botswana and Mozambique. These new ventures are not limited to diamond extraction and include mineral deposits in the energy, precious and base metals categories.

About Namakwa Batla Diamonds (Pty) Ltd:
Namakwa Batla Diamonds is a Lesotho based company and a joint venture between Namakwa Diamonds and Batla Minerals (62.5%), certain Lesotho investors (12.5%) and the Government of the Kingdom of Lesotho (25%). Namakwa Diamonds maintains board and shareholder control.

About Lesotho and the Lesotho investors:
Lesotho is a constitutional monarchy, which is entirely surrounded by the Republic of South Africa. Lesotho’s natural resources include sand, clay and building stone but – apart from water – by far its chief resource is diamonds. There are 33 kimberlite pipes and 140 kimberlite dykes within Lesotho and the area has a well developed infrastructure designed to aid diamond mining, Lesotho meets most of its power requirements from its hydroelectric developments, but supplements this by importing power from South Africa when required. The Company has contracted with certain Lesotho investors to help provide a sustained future for the community around the Kao project.

About African Alliance:
Our advisor, AA Group is a 16 year old pan African investment bank with 30 offices and an operating presence in 19 African countries, with a focus on advisory, asset management, stock broking and private equity. Clients of AA include international investors, national governments, municipalities, parastatals, pension funds and large to medium private companies.