David Garofalo, Senior Vice President, Finance and Chief Financial Officer of Agnico-Eagle Mines Ltd. has been appointed as Canada’s CFO of the Year for 2009. Michael Conway, Chief Executive & National President of FEI Canada, stated: Now more than ever, CFOs must be proactive and visionary in order to adapt to the changing environment and [...]
When 2008 started off, the world’s mining industry was in the mist of a boom, with never before seen prices being fetched for most of the metals, and miners raking in profits. With the way 2008 came to a close, it is hard to imagine that this was the scene just months earlier.
Diamond prices have held their own this year, despite the markets impetuous downward spiral. Prices of top gems have been keeping the finances rolling while mid grade mass consumed diamonds sales slumped. Now, as the crisis deepens, Diamond prices are under pressure.
DiamondCorp plc has obtained $5 million loan to invest in phase-2 underground mining at its Lace diamond mine in South Africa. For full story, click here
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