Stornoway Diamond (TSE:SWY) reports exploration drilling begins in the fall at the Renard diamond project, North Central Québec, Canada. The upcoming drill program is a continuation of a step-out program of deep drilling first initiated last winter (Stornoway Press Release dated April 14, 2010), and is designed to assess the size and composition of several kimberlite pipes outside [...]
Tuesday, May 25, 2010
Namakwa Diamonds Ltd. (NAD), an integrated diamond resource group focused on diamond mining and beneficiation across Southern Africa has announced that the company has already secured a $15-million loan from a private sector at a fixed rate of 8.5 percent per annum. Namakwa’s Chief Executive Nico Kruger is quoted saying: “By securing debt finance at [...]
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Tuesday, May 25, 2010
Sierra Leone is positive that this year is a good for diamond recovery after falling prices in 2009. Exports for Q1 up to May of 2010 stood at $35-million, nearly 25% up on the same period for 2009. Deputy Minister of Mineral Resources Abdul Ignosi Koroma is quoted saying: “Despite the fact that the industry [...]
Continue reading "Sierra Leone, Diamond Export Recovery is Likely"
Monday, May 24, 2010
Petra Diamonds has announced the completion of its transaction with Stellar Diamonds for its Kono Project Divestment located in Sierra Leone. The initial announcement was on May 4 when Stellar issued 4.5-million shares to Petra at £0.20 a share. Click here to access the entire Press Release
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Friday, May 21, 2010
Namibian diamond producer Namdeb Diamond Corporation (Pty) Ltd (Namdeb) has reported a decline on consumer demand in 2009 but expects recovery this year. Namdeb is quoted saying: “Consumer demand for diamond jewelry is beginning to recover, driven in part by the strength of the developing markets of China and India.” Click here to access the [...]
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Thursday, May 13, 2010
De Beers Société Anonyme (DBsa) diamond mine in Venetia in South Africa has reached 970,000 carats for q1 of 2010. The diamond mine is located in Limpopo Province, 25km south of where the international borders of Botswana, Zimbabwe and South Africa intersect. Click here to access the entire Article
Continue reading "De Beers Venetia Diamond Mine Produces Almost 1m Carats in Q1"
Tuesday, May 11, 2010
Botswana has exported a total of $476.9 million worth of diamonds in the Q1 of 2010 which is a 48.4 percent decrease compared to how much were exported in 2008. The press release is quoted as saying: More than half of the quarterly exports, $252.6 million, were in January, according to figures released last week [...]
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Friday, May 7, 2010
Major Diamond suppliers like Diamond Trading Company (DTC), bids at BHP Billiton’s spot market, and major rough diamond suppliers, offering Angolan and DRC goods have raised prices. The DTC raised prices by 4-5 percent on average, estimated at $470-$480 million. The press release is quoted as saying: In the case of the DTC, when comparing [...]
Continue reading "IDEX Report on Diamond Price Hike"
Friday, May 7, 2010
Diamond Management & Technology Consultants, Inc. (DTPI 8.57, +0.48, +5.93%) , has released its fourth quarter and fiscal year 2010 results. According to the press release the firm’s net revenue was $50.3 million as compared with its $45.5 million in the third quarter of fiscal year 2010 and $35.9 million in the fourth quarter of [...]
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Friday, May 7, 2010
Edgewater Exploration Acquires Red Back Mining’s Enchi Gold Project, Ghana Mr. Edward Farrauto, President and CEO of Edgewater Exploration Ltd. (“Edgewater” or the “Company”)(CA:EDW 0.75, +0.14, +22.95%) announces its option agreement with Red Back Mining Inc. (“Red Back”) (CA:RBI 25.30, +0.48, +1.93%). Edgewater will then get an undivided 51% interest in Red Back’s legal and [...]
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Thursday, August 26, 2010