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.
Guinea has canceled a diamond mining license held by Aredor, which is 85 % owned by Toronto-listed Azure Resources Corp AZU.V. For full story, click here
Gem Diamonds reported that it has embarked on a bankable feasibility study that is expected to pave the way for the construction of the mine in the Central Kgalagadi Game Reserve (CKGR) by early next year. The company said in a statement: The development will be financed by a combination of cash and debt and discussions [...]
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