ALROSA has signed three-year supply agreements with the Indian diamond manufacturers Rosy Blue, Diamond India Ltd. and Ratilal Becharlal & Sons for the amount of about US$490 million, in terms of the current market prices.
The contracts provide that the range and prices of the rough goods to be supplied will be agreed upon by the [...]
Exploration & Mining
Russia’s Alrosa Signs Agreements with Rosy Blue, Diamond India and Ratilal Becharlal for $490 Million
Africa
Firestone Diamonds Selected by Namdeb for new toll treatment project
Firestone Diamonds plc,the AIM-quoted diamond mining and exploration company (ticker: AIM:FDI), has been selected by Namdeb Diamond Corporation as the preferred supplier and operator for the Dredge and Floating Treatment Plant project at Namdeb’s diamond mining operations on the south west coast of Namibia. Namdeb is a joint venture between the Government of the [...]
Canada
Rio Tinto Instructs GGL Resources Over Diamond Exploration on CH Diamond Project
Rio Tinto Canada Exploration Inc. (formerly, Kennecott Canada Exploration Inc.) has instructed GGL Resources Corp. (TSX-V: GGL) to prepare and implement the 2010 diamond exploration program on the CH Project Area about 250 kilometers north of Yellowknife, Northwest Territories, Canada.
Ground gravity surveys are scheduled for the later part of this March 2010 to be [...]
Canada
ICMM and GRI Launch New Reporting Guidance
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 [...]
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 [...]
