Dianor Resources Inc. declared that it has completed a private placement by issuing an aggregate of 20,000,000 “flow-through” units to four limited partnerships associated with MineralFields Group of Toronto, Ontario at a price of $0.075 per unit, for gross proceeds to Dianor of $1.5 million. For full story, click here
Namibia, a country which depends heavily on its mineral and diamond exports, will be hit hard this year due to a slip in the country’s diamond exports. For full story, click here
South Africa’s diamond production slipped 62.4 percent in May, compared to a year earlier, according to a report by Statistics South Africa. The country’s total mineral production for the month dipped 14.5 percent, with gold production down 10.5 percent and combined non-gold production decreasing 15 percent, year on year. For full story, click here
Diamond mining has been resumed at India’s Madhya Pradesh’s National Mineral Development Corporation after a four year hiatus. For full story, click here
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