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 [...]
Peregrine Diamonds (TSE:PGD) reports that a mini-bulk sample has returned diamonds of varying sizes, at its' project in Baffin Island
Israeli Diamond.com reports that Peregrine Diamonds (TSE:PGD) is pleased with performance to date from its' Nanuq project.
Peregrine Diamonds Ltd.(TSE:PGD ) announced that they have recovered a 1.15 Carat Diamond out of the Chidliak project, on southern Baffin Island.
De Beers Chief Gareth Penny has been vocal about supply shortfalls, and a lack of prospects to keep up with increasing demand for diamonds. With the Chinese diamond market exploding and decreasing output from some of the largest mining operations in the world, is the market heading towards “Peak Diamond.”
Peregrine Diamonds Ltd. (TSX:PGD) updated that the microdiamond results for the last four kimberlites, CH-13 through CH-16, discovered in 2009 on the 980,000 hectare Chidliak Project on Baffin Island, Nunavut, have now been received and three of the four kimberlites were found to be diamondiferous.
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