NAMIBIAN RESOURCES Plc has announced its final results for the year ended 28 February 2010.
The year to 28th February 2010 was disappointing as expected due to the cessation of production at Sonnberg following the near collapse of the international diamond market and soaring fuel costs. Our staffing was greatly reduced and care [...]
Africa
Diamond Production Low but Diamond Prices Encouraging for Namibian Resources Since DIamond Produciton Recommenced
Canada
Shear Minerals Ltd. Closes $13.1 Million Private Placement Offering and Purchase of Jericho Diamond Mine
Shear Minerals Ltd. has successfully closed its marketed private placement equity offering (the “Offering”) and the completion of its purchase of the Jericho diamond mine and related assets in Nunavut (the “Jericho Acquisition”).
The Offering
Under the Offering, 139,451,000 conventional units (“Conventional Units”), each consisting of one common share (a “Common Share”) and one Common Share purchase [...]
Africa
Rockwell Diamonds Recovers Diamonds of 50+ Carats From Holpan, Klipdam and Saxendrift; First 7 Months of 2010: 11 Diamonds Over 50 Carats
Rockwell Diamonds Inc. has announced the recent recovery of several large (50 carats and above) stones from its Holpan, Klipdam and Saxendrift mines.
Rockwell has alluvial diamonds operations in Northern Cape Province in South Africa: the Holpan and Klipdam mines are located north of Kimberley, and the Saxendrift mine is on the Middle Orange River (“MOR”) [...]
Company News
Diamond Company Alrosa Produces 8 Million Carats of Diamonds in Q2 2010
According to preliminary results, in Q2 2010 the core product sales by ALROSA amounted to $997 million, of which $249.1 million were contributed by sales to the domestic market and $747.9 by export sales.
In H1 2010 rough diamonds sales totaled $1.9 billion, of which sales through long-term contracts accounted for 31%. Sales of rough diamonds [...]
Canada
Peregrine Diamonds Discovers 6 More Kimberlites at Chidliak Diamond Project
Peregrine Diamonds Ltd. has reported the recent discovery of six new kimberlites at the Chidliak project (“Chidliak” or “the Project”) on Baffin Island, Nunavut, Canada. The new discoveries bring the total number of kimberlites discovered to date on the Project to 38. Three of the new kimberlites, CH-33, CH-35 and CH-36, were discovered at surface [...]
Canada
Stornoway Diamonds Commences Fall Drilling At Renard Diamond Project
Stornoway Diamond Corporation (TSX-SWY) has announced the commencement of a fall program of exploration drilling at the Renard Diamond Project, located in North Central Quebec. The Renard Diamond Project is a 50:50 joint venture between Stornoway Diamond Corporation and SOQUEM Inc.
The upcoming drill program is a continuation of a step-out program of deep drilling first [...]
Canada
Alberta surpasses Quebec as preferred place for mining investment, according to global mining survey update
Alberta is now seen as the world’s most attractive jurisdiction for mineral exploration and development, ending Quebec’s three-year reign as the preferred destination for mining investment, according to the Survey of Mining Companies: 2010 Mid-Year Update, released today by the Fraser Institute, Canada’s leading public policy think-tank.
The updated survey of international mining executives, conducted between [...]
Africa
Trans Hex South African Diamond Production ‘Below Target’; Sells Diamonds Worth $927 Per Carat
Trans Hex has provided the following update on its operations.
SOUTH AFRICA
South African carat production has been below target for the year to date, primarily as a result of grade under-performance at Baken Mine (average of 1.30 carats/100m3 against budget of 1.75 carats/100m3).
It is expected that the Baken grade will recover during the second half of [...]
Canada
Harry Winston Diamond Corporation announces closing of the purchase to increase its ownership in the Diavik Diamond Joint Venture back to 40%
Harry Winston Diamond Corporation (TSX: HW, NYSE: HWD) has announced the closing of the purchase of the 9% indirect interest in the Diavik Joint Venture from Kinross Gold Corporation (“Kinross”) that was previously announced on July 23, 2010. With this transaction completed, Harry Winston Diamond Corporation’s ownership interest in the Diavik Joint Venture is reinstated [...]
Company News
Harry Winston Diamond Corporation Closes purchase to increase its ownership in the Diavik Joint Venture back to 40%
Harry Winston Diamond Corporation has announced the closing of the purchase of the 9% indirect interest in the Diavik Joint Venture from Kinross Gold Corporation (“Kinross”) that was previously announced on July 23, 2010. With this transaction completed, Harry Winston Diamond Corporation’s ownership interest in the Diavik Joint Venture is reinstated to 40%.
The aggregate purchase [...]
Canada
Diamonds North Bulk Sample Progress at Beluga-3 Diamond Kimberlite
Canada’s Diamonds North Resources Ltd. (TSX-V: DDN) has commenced drilling the 25 tonne bulk sample of the Beluga-3 kimberlite, located on its 100% owned Amaruk project in Nunavut.
The 2009 mini-bulk sample of Beluga-3 demonstrated larger diamond potential giving the Company confidence to proceed with this bulk sample (see News Release NR09-17, December 1st, 2009). Based [...]
Canada
Shore Gold Inc. Q2 Losses Down; Orion South Diamonds Revalued at Model Range of $116 to $344
Shore Gold Inc. has reported its unaudited results of Shore’s operations for the quarter ended June 30
Highlights include:
Announced the results of a revaluation of the diamond parcels from the Star and Orion South Kimberlites, which indicated parcel prices show increases between 11 and 19 percent above the prices that were used in the combined pre-feasibility [...]
