Tiomin Resources Inc. (TSX:TIO) and Vaaldiam Resources Ltd. (Vaaldiam) (TSX:VAA) have entered into a definitive arrangement agreement for Tiomin to acquire, via a plan of arrangement, all of the outstanding common shares of Vaaldiam in an all-share transaction on the basis of 0.80 Tiomin common share for each Vaaldiam common share. Following completion of the [...]
Diamond Directory: Over 1,000 Listings!
The www.DiamondNe.ws directory, now featuring over 1,000 companies, is yours (and your potential customers) one-stop shop for finding websites for companies and organizations related to the diamond sector, from diamond manufacturers and traders, through banks, and down to diamond jewelry retailers, all over the world!
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X-Ray Body Scanning Technology Can Discover Diamonds, Synthetic Material, Drugs, Explosives and Metals
DebTech, the research and development arm of De Beers, has developed body scanning technology which is currently used on De Beers mines in South Africa and Namibia. De Beers makes the body scanning technology available to the market. Scannex is a low X-ray dose, full-body scanner with an X-ray exposure small enough to allow for [...]
Petra Diamonds Resumes Operations At Koffiefontein Diamond Mine in South Africa
Further to its announcement of 5 January 2010, diamond miner Petra Diamonds says that full mining operations have this morning recommenced at the Koffiefontein mine in South Africa. Work was stopped at the mine for 48 hours following a fatality there and therefore diamond production has not been materially impacted.
Kimberley Process May Receive a Huge Donation from Israel…
Diamond News – Kimberley Process: According to a report in the Israeli press, a diamond worth over $70,000 that was imported into Israel without a Kimberley Process Certificate and confiscated by the Diamond Controller, will not be returned to the diamond company that attempted to import it. Instead, reports the Calcalist, the money value of [...]
Lucara Acquisition of AK6 Diamond Project Closed After Botswana Govt Approval
Lucara Diamond Corp. has received approval from the Government of the Republic of Botswana in respect of the Company’s acquisition of a 70.268% interest in the AK6 diamond project in Botswana. As previously announced on November 10, 2009 Lucara entered into a Sale Agreement to acquire a 70.268% interest in Boteti Exploration (Pty) Ltd. (“Boteti”), [...]
Lucara Seeks to Raise $100 Million for AK6 Diamond Project in Botswana
Lucara Diamond Corp. has entered into an agreement with a syndicate of agents, led by GMP Securities L.P., to issue on a “best efforts” private placement basis, up to 100 million subscription receipts at a price of Cdn $1.00 per Subscription Receipt, for aggregate gross proceeds of up to Cdn $100 million. Each Subscription Receipt [...]
Lucara Diamond Appoints Tony George VP Development
Diamond miner Lucara Diamond Corp. announces that Mr. Anthony (Tony) George, P.Eng has joined Lucara as VP Development effective as of January 4, 2010. Mr. George is a mining engineer with over 27 years of experience in operations, design and construction. He commenced his career with De Beers in South Africa and later transferred to [...]
India Seeks to Establish More Diamond Bourses in Effort to Become International Trading Hub
Though India has not been affected to the same extent as other economies due to the global financial crisis, the country’s exports have suffered a decline in the last 10 months due to a contraction in demand in the traditional markets of its exports. In an endeavour to make India a diamond international trading hub, [...]
Lesotho’s Mothae Parcel Valued at US$437 Per Carat
Lucara Diamond Corp. says that a 3,890 carat parcel from the 100,000 tonne bulk sample recently completed on the Mothae project in Lesotho has been valued by Shlomo Tidhar of Galaxy Diamond Expertise SA at a price of US$437 per carat, based on Galaxy’s best estimate for current market prices, for an overall value of [...]