Diamond mining firms looking to cash in on higher prices and increased demand for stones are starting to ramp up production. The one major company that is curtailing operations, De Beers, is cutting production 5 percent per year for 5 years to increase mine life.
Read the full article: "Diamond Miners Ramp Up Production"
Thursday, June 24, 2010
Vaaldiam Mining Inc. (TSX:VAA) and Base Iron Ltd. (‘BIL’) (ASX:BSE) announced that BIL has received firm commitments for its A$4.6 million share issue to finance its acquisition of Vaaldiam’s Kwale Project.
Read the full article: "Vaaldiam Advances Kenyan Asset Sale"
Tuesday, June 22, 2010
Indicator Minerals Inc. (TSX VENTURE:IME) announced that it has completed the first tranche of its previously announced non-brokered private placement for aggregate gross proceeds of $1,500,000.
Read the full article: "Indicator Minerals Closes $1,500,000 Private..."
Monday, June 14, 2010
As the diamond market slowly returns to pre-crash levels companies looking to increase profitability are calling upon their countries to change tax codes to be more favorable to the diamond market. Other countries that are looking to capitalize on mineral wealth are imposing new tax regulations on mining operations to benefit their nations.
Read the full article: "Diamond Companies Globally Face Tax Code..."
Friday, June 11, 2010
Sillenger Exploration Corp. (OTCQB:SLGX)(PINK SHEETS:SLGX) an innovative and progressive mineral exploration and claims management company, with experience in mining and business process management in Africa, has received the historical geological and geophysics data for the Rio Muni region of the Republic of Equatorial Guinea.
Read the full article: "Sillenger: Preliminary Data Indicates..."
Friday, June 4, 2010
Peregrine Diamonds Ltd. (TSX:PGD) announced that drilling of the diamond-bearing NQN-001 kimberlite has commenced at the Nanuq North project in Nunavut, Canada. Discovered in 2008, NQN-001 is located approximately 275 kilometres north of the community of Rankin Inlet, and two kilometres north of Peregrine’s wholly-owned 315,000 hectare Nanuq project.
Read the full article: "Peregrine Announces Commencement of Drilling..."
The Diamond Investing Glossary: This glossary covers investing in junior resource companies. For the experienced investor or the newbie, you should find everything you need here. If not, let us know and we’ll research and add what you’re looking for.
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Tuesday, June 29, 2010