De Beers Canada has spent $1 billion dollars with Northwest Territories businesses to construct and operate the Snap Lake Mine. The milestone includes more than $640 million spent with NWT Aboriginal businesses and joint ventures. “This milestone is a great measure of De Beers’ continued commitment to the North,” said Chantal Lavoie, Acting Chief Executive [...]

Peregrine Diamonds Ltd. is proceeding with a $3.5 million 2010 diamond exploration programme on its wholly-owned 315,000 hectare Nanuq project (“Nanuq” or “the Project”), located approximately 300 km north of Rankin Inlet in Nunavut, Canada. The programme will include approximately 2,000 metres of core drilling on high priority kimberlite targets, ground geophysics, prospecting and kimberlite [...]

African Diamonds plc (AIM: AFD) has exercised its option to increase its stake to 40% in the AK6 diamond deposit for a total cash consideration of US$8 million paid to Lucara Diamond Corporation and Wati Ventures Pty Ltd. The remainder of the equity in AK6 is held by Lucara Diamond Corporation. John Teeling, Chairman commented: [...]

Conroy Diamonds and Gold Plc (AIM:CDG; IEX:CDG.I) has raised €2,172,276 (approximately £1,900,000) through a subscription of 47,600,000 new ordinary shares at 4 pence per share. The subscriber is Kenglo One Limited, a privately owned company which has extensive interests and expertise in the global mining industry. Kenglo One Limited is wholly owned by Baccata Trustees [...]

During a meeting of the Supervisory Board of the Russian diamond miner ALROSA, the Board reviewed ALROSA’s production and financial results for 2009, financial statements, auditor’s report, and the Audit Committee’s report. In the course of the discussion that centered on the company’s performance in 2009, the Board pointed out that the measures taken to [...]

Peregrine Diamonds Ltd. (TSX:PGD) announces a non-brokered private placement of 2,000,000 common shares at a price of $3.00 per share for net proceeds of $6 million. All of the common shares under the private placement will be sold on a “flow-through” basis pursuant to the Income Tax Act (Canada) and purchased by an institutional investor [...]

KWG Resources Inc. (TSXV – KWG) has closed a second tranche of its previously announced non-brokered private placement through the sale of units (each, a “FT Unit”) at $0.125 each for proceeds of approximately $2,800,000. Each FT Unit consists of one flow-through common share and one-half of a common share purchase warrant issued on a [...]

Following very encouraging research results obtained by Dios Exploration over the last few years, Dios has announced that it has largely increased its land holdings in the vicinities of Stornoway-SOQUEM RENARD diamond project, Otish region, Quebec. A major drilling campaign is planned this year by DIOS. DIOS applied for about 350 additional claims (cdc) covering [...]