Stornoway Weighs Selling Gem Marketing Rights to Fund Renard
Mining Weekly reported Stornoway Diamonds (TSE:SWY) hopes to raise money for a diamond mine by selling marketing rights.
Articles Tagged "stornoway"
Stornoway’s Cofounder Thomas Resigns, Replaced by Walsh as Chair
Mining Weekly reports cofounder and chairperson of Stornoway Diamonds (TSE:SWY), Eira Thomas, has left.
Stornoway Shareholders Overwhelmingly Approve Acquisition of Remaining 50% of Renard Diamond Project
Stornoway Diamond Corp. (TSE:SWY) announced that shareholders have overwhelmingly approved the previously announced acquisition of the remaining 50% interest of DIAQUEM Inc in the Renard Diamond project. The project is Stornoway's feasibility-stage diamond project located in north-central Quebec.
Stornoway Announces Diamond Content Models for Renard 65
Stornoway Diamond (TSE:SWY) reports results of a diamond content for the Renard 65 kimberlite pipe at the Renard diamond project. Renard 65 is the largest kimberlite pipe in the Renard cluster, with a surface area of approximately 1.7 hectares. In 2003 a large, gem quality diamond of 4.04 carats was recovered within drill core, an exceptionally [...]
Supply Shortages May Herald in era of ‘Peak Diamond’
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.”
Canadian Diamonds in the Rough
Canadian diamond miner, Stornoway Diamond Corporation, has released new information about their Renard Project in Quebec. Larger than originally thought, the operation is targeted to start producing by late 2013. The government of Quebec, looking to reduce deficits, is raising taxes on the province’s mining operations. Also, Harry Winston reports losses in 2009, yet remains hopeful for the future of the industry.
Stornoway diamond declared complete diamond drilling results
Stornoway Diamond Corporation and Hunter Exploration Group announced the second and final tranche of results from the processing of a total of 191 tonnes of kimberlite collected during 2008 from the ES1 kimberlite, the largest body within the Eastern Sheet Complex of the Aviat Project, Nunavut. For full story, click here
Stornoway Diamond reported corporate updates
Stornoway Diamond Corporation revealed that in the recently released Quebec provincial budget for fiscal year 2009-2010 an allocation of $698 million dollars has been set aside for two road infrastructure projects in the north of Quebec, including the Route des Monts Otish from Chibougamau to the Otish Mountains. For full story, click here
Stornoway Diamond announced Board Changes
Stornoway Diamond Corporation announced that Dr. Serge Vézina and Dr. Matt Manson have been appointed to the Company’s Board of Directors. For full story, click here
Agnico-Eagle increases holding in Stornoway Diamond
Agnico-Eagle Mines Ltd. announced that it has increased its holding in Stornoway Diamond Corp. to 17.7 per cent as part of a refinancing deal with the company. For full news, click here
