ICMM and GRI have launched new sustainability reporting guidance for the mining and metals sector, which is now available to download.
The GRI Mining and Metals Sector Supplement was unveiled at the Mining, People and the Environment conference held in conjunction with the annual PDAC convention in Toronto, Canada.
It consists of sector-specific guidance incorporating the GRI [...]
Canada
ICMM and GRI Launch New Reporting Guidance
Company News
Stellar Diamonds Lists on London’s AIM and Raises GBP5,000,000
SearchGold Resources Inc. (TSX VENTURE:RSG)(FRANKFURT:S1O) has announced the admission of Stellar Diamonds Limited (“Stellar”) to the AIM market of the London Stock Exchange (“AIM”).
Stellar has 96,581,432 outstanding shares, a market capitalisation of approximately GBP 19 million, and its shares have started trading on AIM under the symbol “STEL” on February 22nd 2010. In addition to [...]
Canada
Stornoway Reports Overall Diamond Recovery of 86.2 CPHT from Notch Sample
Stornoway Diamond Corporation (SWY:TSX) and Shear Minerals Ltd. (SRM:TSXV) have announced that processing of the minibulk sample from the Notch kimberlite at the Churchill Diamond Project in Nunavut is complete with an overall diamond recovery of 86.2 carats per hundred tonne (“cpht”). A total of 129 diamonds greater than 1.18 mm were recovered from [...]
Africa
Etruscan Closes $10.5 Million Private Placement for West African Projects
Etruscan Resources Inc. has closed its private placement equity offering of 28,378,378 common shares of the Company at a price of $0.37 per common share for gross proceeds of approximately $10.5 million. The common shares were sold by Raymond James Ltd. as sole agent on a best efforts basis. Endeavour Financial purchased 15,608,108 common shares [...]
Canada
Major Airborne Geophysical Survey Undertaken on U33 Diamond-Gold Project in Quebec
Following very encouraging research results obtained by Dios Exploration, Dios is pleased to announce the new wholly owned diamond-gold U33 exploration project covering more than 500 square kilometers, located east-northeast (up-ice) of DIOS PONTAX diamond project and northeast of the PONTAX lithium discovery. Two main target areas were defined by the 2009 DIOS systematic [...]
Canada
Dianor Resources Enters in $30 Million Line of Credit to Advance Bulk Sampling of Leadbetter Diamond Project
Dianor Resources Inc. (DOR: TSX Venture Exchange) has entered into a Standby Equity Distribution Agreement with Kodiak Capital Group, LLC of New York for a $30 million equity line of credit. Dianor will use the funding from the equity line of credit to advance the bulk sampling of the Leadbetter Diamond Project, Dianor’s flagship project [...]
Canada
Diamond Inclusion Eclogites recovered from Tres-Or’s Guigues Pipe, Quebec
Tres-Or Resources Ltd. (Tres-Or) reports on a preliminary microprobe evaluation of the Guigues Kimberlite near Notre Dame du Nord, Quebec. Microprobe analyses from kimberlite indicator minerals (KIMs) recovered from three reverse circulation (RC) drill holes completed at the Guigues pipe have returned eclogite garnets comparable to most inclusions in diamond. These eclogite garnets with diamond [...]
Canada
Arctic Star Reports a Focus on the Source Area Of The Alpha Train At Credit Lake
Arctic Star Diamond Corp. reports that detailed kimberlite indicator mineral (KIM) sampling at the head of the South Coppermine River indicator mineral Train (aka “Alpha” train) has narrowed exploration to a small area about 2 by 2 kilometers in the SE part of the Credit Lake property NT. The Alpha train is an extensive kimberlite [...]
Africa
Texada Ventures To Raise $3 Million; in Acquisition of DRC Diamonds Producer Diamond Industry Associates
Texada Ventures Inc. has entered into a Term Sheet with Diamond Industry Associates Ltd (DIA) whereby Texada will acquire 100% of DIA’s issued and outstanding shares or alternatively the assets and contractual obligations of DIA. The acquisition will be subject to a definitive agreement and customary terms and conditions. In conjunction with the transaction, the [...]
Africa
Pangea DiamondFields Merges Diamond Operations with International Gold Exploration AB
Pangea DiamondFields plc has entered into a legally binding conditional sale and purchase agreement with International Gold Exploration AB (IGE) whereby Pangea will merge its diamond interests with those of IGE by the disposal to IGE of the entire issued share capital of Efidium Limited (Efidium), which is the holding company for all operational activities [...]
Africa
African Diamonds: Latest AK6 Diamond Valuation is $162 Per Carat
The Directors of African Diamonds plc (AIM: AFD), the Botswana diamond company, are pleased to give an update on the progress of the AK6 diamond discovery in Botswana. The timeline remains first production in late 2011.
Latest diamond valuation of US$162 a carat is US$23 a carat higher than that used in our current studies. [...]
Africa
Petra Diamonds Expects to Announce Outcome of 507 Carat Cullinan Heritage Tender Shortly; 130 Carat Diamond Recovered at Cullinan in January
Diamond News: The 507 carat diamond that was recovered in September 2009 at the Cullinan diamond mine in South Africa and recently named The Cullinan Heritage is currently on tender and Petra Diamonds expects to announce the outcome of the tender shortly.
The sale of The Cullinan Heritage, due to complete on Friday 26 February, is [...]
