Diamond News – diamond mining news: Petra Diamonds Limited announces that the 507 carat white diamond has been named The Cullinan Heritage. This spectacular and historic gem has been named to reflect the date of its recovery on Heritage Day in South Africa (24 September 2009), as well as its origins from the illustrious [...]
Africa
BRC DiamondCore Retains Diamond Rights as it Enter into Agreement with Rio Tinto for Exploration of Iron Ore in Northern DR Congo
Diamond news – diamond mining news: BRC DiamondCore Ltd. has entered into an agreement with Rio Tinto Minerals Development Limited for the exploration for iron ore in areas within the Province Orientale, Democratic Republic of the Congo (DRC).
These areas total approximately 4,550 square kilometres and are covered by exploration permits in which the diamond and [...]
Canada
Diamond Miner Stornoway Revises Estimate for Renard Diamond Project
diamond news: mining news: Diamond miner Stornoway Diamond Corporation (TSX:SWY) has filed a National Instrument (“NI”) 43-101 technical report representing the qualifying report for the recently updated mineral resource estimate at the Renard Diamond Project in North Central Quebec. The Renard Diamond Project, which includes the Renard kimberlite pipes and the Lynx-Hibou system of kimberlite [...]
Africa
Afri-Can Marine Agreement on Sampling Block J Marine Diamond Concession in Namibia with International Mining and Dredging Holding Amended
diamond news – mining news: Afri-Can Marine Minerals Corporation says that the agreement previously reported on December 10, 2009 regarding sampling of its 70%-owned Block J marine diamond concession in Namibia with International Mining and Dredging Holding Ltd. (IMDH) has been amended and has been approved by the TSX Venture Exchange.
The salient features of [...]
Americas
Jewelry Retailer Whitehall’s Cash Sales Near $50,000 in November 2009
Diamond News – jewelry retail, financial news: Whitehall Jewelers, Inc. made cash sales of more than $48,500 in November 2009.
Back in June 2008, Whitehall Jewelers Holdings, Inc. and Whitehall Jewelers, Inc. filed petitions seeking relief under Chapter 11 of the United States Bankruptcy Code.
Company News
Abdullah Brothers Complete Pledge of 350 Million Shares in Damas International
Diamond News: A share pledge of 350 million shares, which forms part of the Settlement Agreement between the Abdullah family and Damas International Limited in respect of the repayment of transactions that led to the resignation of Tawhid Abdullah as the company’s CEO, has been completed through registration on NASDAQ Dubai.
As part of the [...]
Africa
International Gold Exploration Moving Towards Commercialisation of Alluvial Diamonds in Angola
(Diamond news – mining, Angola): International Gold Exploration IGE AB’s (OSE: IGE) diamond project in Luxinge, Angola, has reached a major milestone. Endiama has announced that IGE has fulfilled the requirements set out in the executive decree 49/2008 in the joint venture Luxinge. This statement enables IGE to move a step closer to the commercialisation [...]
Canada
Diamond Frank Raising C$200,000 for Exploration Work on Quebec Diamond Properties, Working Capital
Diamond News – Mining, Financing: Diamond Frank Exploration Inc. (TSX VENTURE:DOD) has closing on December 31, 2009 a non-brokered private placement of 200 units for C$200,000 with accredited investors and friends. Under the terms of this placement, Diamond Frank will issue 1,600,000 flow-through common shares, 666,600 common shares and 666,600 warrants.
Diamond Frank will use 80% [...]
India
The Israeli Diamond Industry Signs Memorandum of Understanding with All India Gems and Jewellery Trade Federation
Diamond News: Israel, India news: The Israel Diamond Institute Group of Companies (IDI) announced today that a Memorandum of Understanding (MOU) has been signed with the All India Gems & Jewellery Trade Federation (GJF) for the establishment of areas of cooperation between the two parties. The MOU was signed at a ceremony in Jaipur by [...]
Company News
Alrosa Production in 2009 Nears $2.25 Billion; Production Target for 2010: $2.31 Billion
Diamond News – Mining: Russian diamond miner Alrosa Group produced diamonds to the value of $2.244 billion in 2009, selling diamonds worth $2.187 billion.
Regarding 2010, Alrosa plans to mine diamonds worth $2.314 billion.
Company News
De Beers: 83% of Diamdel Auctions to non-Sightholders in 2009 Sold Upon Initial Presentation
Diamond News: During the course of 2009 Diamdel continued to sell a full range of rough through both its traditional direct sales channel, and innovative online auction channel. Auction sales in particular played an important role in helping Diamdel provide access to rough to all those non sightholder companies who have registered with the company [...]
Company News
Underground Diamond Mine at Aikhal Commissioned
Diamond News: The Aikhal underground diamond mine, located in the Russian republic of Sakha (Yakutia) has been commissioned in the presence of Vyacheslav Shtyrov, president of Yakutia, Fyodor Andreyev, President of Russian diamond miner Alrosa, as well as employees of the diamond giant.
The new mine forms part of the Aikhal Integrated Mining and Processing Complex [...]
