Gold Coast sky home changes hands for $2.08 million

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3602/1 Oracle Blvd, Broadbeach. 3602/1 Oracle Blvd, Broadbeach. What a view! 3602/1 Oracle Blvd, Broadbeach sold for $2.08 million.A STUNNING Gold Coast skyhome has sold for $2.08 million.Located on the 36th floor of the eastern tower in the Oracle building, the north-facing property features floor to ceiling windows revealing a spectacular ocean panorama.Lucy Cole Prestige Properties agent Belinda Bellingham handled the sale — it was marketed with a “huge price reduction”.“Superb quality finishes are offered throughout from the designer open plan kitchen to the three sizeable bedrooms,” the listing states.“The owner’s business commitments demand a sale and you wont find better.”More from news02:37Purchasers snap up every residence in the $40 million Siarn Palm Beach North6 hours ago02:37International architect Desmond Brooks selling luxury beach villa1 day agoIt is the first time the property has changed hands since it was bought off the plan for $2.37 million in 2007. 3602/1 Oracle Blvd, Broadbeach.A large terrace can be accessed from all the bedrooms and living areas with a large area overlooking the beach dedicated to alfresco entertaining.Back inside, and attention to detail is evident throughout the 217sq m apartment.Oracle amenities include a residents’ lounge with individual wine storage cabinets, cinema, gym, steam room, indoor and outdoor pools, and barbecue areas. read more

Diamond mine with 27 million carats of stone likely to be auctioned by India

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first_imgIndia is set to auction or allocate the Bunder diamond mining project based in Madhya Pradesh’s Chattarpur district after global miner Rio Tintodecided to abandon it.A statement from Rio Tinto had said that the company was carrying out an assessment of all ongoing projects across the world so that it can work efficiently in this phase of economic slowdown and give returns to their investors. In the course of this assessment, the company decided to not proceed further with the Bunder  project and would try and wind up all infrastructure by end of 2016.In early August 2016, the company reported a 47 per cent slump in first-half profit to its weakest in 12 years and underlined the importance of cost-cutting.The Bunder deposit, which was discovered by Rio Tinto in 2004, is estimated to contain about 27.4 million carats of diamonds potentially worth billions of dollars.The decision comes as a setback to Madhya Pradesh that had showcased the big ticket investment project as the game changer for the backward Bundelkhand region. Rio Tinto’s decision came at a time when the government was seeking the help of it and its rivals, such as Anglo American, to explore for diamonds and gold to make India a major mineral producer.Mines Secretary Balvinder Kumar said the withdrawal was a surprise as the company was close to getting a forest clearance for the mine from the environment ministry.Kumar said he would talk to parties interested in Bunder when Rio Tinto formally hands the project back to the state government of Madhya Pradesh, where it is located.advertisementThe company had said that it would work with the Union government and Madhya Pradesh government to find a third party investor for the project.Rio Tinto had begun a regional exploration program in 2002. A prospecting lease was granted in September 2006 and as per an order of magnitude study of October 2008, the Bunder mines were expected to yield 37.4 million tonnes of kimberlite containing 27.4 million carats of diamonds.ALSO READ:Rio Tinto announces withdrawal from high profile diamond mining project in MPlast_img read more