Afri-Can Marine Minerals Corporation will close a non-brokered private placement totalling $2.5 million, of which currently $2.0 million has been committed, to acquire shares of Thyme Investment (PTY) Ltd (“Thyme”), the owner of the EPL 3403 Marine Diamond Concession in Namibia.
Snap Lake Diamond Mine $40 Million facility Opened
Adeline Jonasson, an elder from Lutsel K’e, has cut the ribbon to officially open the permanent accommodations facility at De Beers Canada’s Snap Lake Diamond Mine. Construction of the $40 million facility began in February. Employees have already moved into the new facility, which features private rooms with in-room internet connections, expanded dining room and [...]
Diamond Fields Closes Non-Brokered $1,229,858 Financing
Diamond Fields International Ltd. (DFI:TSX) (“DFI” or the “Company”) is pleased to announce that on October 8, 2010 the Toronto Stock Exchange (“TSX”) conditionally accepted a private placement of 7,234,461 Units for gross proceeds of Cdn$1,229,858. Each Unit is comprised of one common share and one-half transferable share purchase warrant, each whole warrant entitling the [...]
SearchGold Provides Opertional Update on Stellar Diamonds plc
SearchGold Resources Inc. is pleased to provide an update on Stellar Diamonds plc (“Stellar”) and its African diamond operations. Q3 2010 Mandala operational update Recent highlights include : – Quarterly production from Mandala of 18,291 carats, up 31% on second quarter, — Quarterly sales from Mandala of 18,549 carats at an average price of $US [...]
Mountain Province Diamonds Announces Positive Gahcho Kue Diamonds Project Independent Feasibility Study
Mountain Province Diamonds Inc. has announced the results of an independent feasibility study dated October 15, 2010, on the Gahcho Kue diamond project located in Canada’s Northwest Territories. JDS Energy and Mining Inc. (“JDS”) led and prepared the feasibility study, which has been presented to the Gahcho Kue Joint Venture (JV) between Mountain Province (49%) [...]
Anglo American: Diamond production increased by 15% to 9.0 million carats
Diamond production increased to 9 million carats for the third quarter ended 30 September 2010 in response to market demand in advance of the holiday retail seasons, which run from Thanksgiving through to Christmas, and include Diwali, says Anglo American. De Beers‘ diamond production was higher mainly due to improved recoveries by the operations in [...]
Russian Diamond Giant ALROSA Seeks Rough Diamond Production Worth Over $2.3 Billion This Year
During a meeting of the ALROSA Supervisory Board in Moscow, chaired by Vice Premier of the Russian Federation, Minister of Finance of the Russian Federation Alexey L. Kudrin, the Board considered adjusting the Company’s financial targets for 2010. The proposal to adjust financial and production targets for 2010 was based on a number of factors, [...]
Russian Diamond Giant ALROSA Seeks Rough Diamond Production Worth Over $2.3 Billion This Year
During a meeting of the ALROSA Supervisory Board in Moscow, chaired by Vice Premier of the Russian Federation, Minister of Finance of the Russian Federation Alexey L. Kudrin, the Board considered adjusting the Company’s financial targets for 2010. The proposal to adjust financial and production targets for 2010 was based on a number of factors, [...]
Rockwell Diamonds Announces Results for First Half of Fiscal 2011
Rockwell Diamonds Inc. (“Rockwell” or the “Company”) (TSX:RDI; JSE:RDI, OTCBB:RDIAF) announces financial results for the three and six months ended August 31, 2010. Currency values are presented in Canadian dollars unless otherwise indicated. Rockwell is engaged in alluvial diamond production with focus on the mining and development of alluvial diamond deposits that yield high value [...]
VAALDIAM REPORTS EXCELLENT DIAMOND RESULTS AT BRAUNA AND DISCUSSES RESTART AT DUAS BARRAS MINE
Vaaldiam Mining Inc is pleased to report results of Sample 2 of the diamond bulk sample program at the Brauna 3 kimberlite pipe situated on its Brauna property in Bahia State, Brazil. Sample 2 recovered 2,833 commercial-sized diamonds (greater than 1.1 mm square mesh screen) with a total weight of 604 carats and a sample [...]
Diamonds North to Begin Processing Beluga-3 Bulk Sample
Diamonds North Resources Ltd. (TSX-V: DDN) announces it has completed a 25 tonne bulk sample of the Beluga-3 kimberlite, located on its 100% owned Amaruk project in Nunavut. Approximately 50% of the sample is at the Saskatchewan Research Council Laboratory awaiting processing. The remaining portion of the sample is in transport to the lab. Processing [...]
Zimbabwe Govt Newspaper: Mbada Diamonds to double diamond output
According to the Zimbabwean government’s newspaper, Mbada Diamonds is to double its diamonds output once exploration work at the mine in Chiadzwa in Marange to determine the quantity of diamonds is complete.