Diamonds North Using EM to Generate Kimberlite Target on Amaruk Project
Diamonds North Resources Ltd. (CVE:DDN) reports it has received electro-magnetic (EM) data for the eastern side of the Amaruk property.
Articles Tagged "diamond mine"
Shear Reports Diamond Content Range Up From Recovery Reject Tailings Audit at Jericho
Shear Diamonds Ltd. (CVE:SRM) announced the confirmation of a sample grade of 11.3 carats per tonne ("cpt") from an internal audit of 308.8 kg of kimberlite concentrate from the recovery reject tailings at the Jericho Diamond Mine.
Vote of confidence for Peregrine
The Financial Post.com reports that BHP Billiton (NYSE:BHP) will continue to participate jointly with Peregrine Diamonds (TSE:PGD) in its’ Chidliak project in Nunavut. The story is quoted as saying: Peregrine will retain 49% of the marketing rights to the diamonds from Chidliak. This is strategically important in the long term as those rights can be [...]
Zimbabwe threatens to break diamond embargo
The African Manager.com reports that Zimbabwe intends to resume full diamond exports regardless if they have permission from Kimberly Process.
Stornoway Commences Fall Drilling at Renard High Potential to Expand Project Resources
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 [...]
Namakwa Secures USD15m Loan From Private Investor
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 [...]
Sierra Leone, Diamond Export Recovery is Likely
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 [...]
Petra and Stellar Completes Kono Transaction
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
Namdeb Diamond Expects 2010 Recovery
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 [...]
De Beers Venetia Diamond Mine Produces Almost 1m Carats in Q1
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
