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 [...]
Continue reading "Namakwa Secures USD15m Loan From Private Investor"
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
Continue reading "Petra and Stellar Completes Kono Transaction"
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 [...]
Continue reading "Namdeb Diamond Expects 2010 Recovery"
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 [...]
Continue reading "Botswana’s Diamond Exports Report for Q1 2010"
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 [...]
Continue reading "Diamond Management & Technology Consultants Fourth Quarter Results"
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 [...]
Wednesday, May 5, 2010
Petra Diamonds announces its finalized agreement with Stellar Diamonds plc (“Stellar”) to exchange its interest in the Kono Diamond Project (“Kono”) in Sierra Leone for shares in Stellar, the project’s joint venture partner. As a result, Petra will become a 4.45% shareholder in Stellar and Divestment of Petra’s interest in Kono for £900,000, to be [...]
Continue reading "Petra Diamonds and Stellar Diamonds Agreement Finalized"
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.
DiamondInvestingNews.com maintains a focus on Diamond exploration and investment opportunities. For broader Natural Resource Investing, see ResourceInvestingNews.com.
Get our exclusive independent commentary on diamond trends and companies delivered to your inbox. Sign up to get exclusive access to our market catalysts a week before they are published online. Learn More »
Simply fill in your name and email to make better investment decisions.
Tuesday, May 25, 2010