Tahera gets stay period extension
by Tiffany Marlow
Tahera Diamond Corporation, a Canadian diamond mining company gets stay period extension, which was till June 30, 2008 from the Ontario Superior Court of Justice. The extension has been provided under the Companies’ Creditors Arrangement Act (CCAA).
The stay period is now in effect until September 30, 2008 and is intended to provide sufficient time [...]
Stornoway, Shear provides laboratory results
by Sarah Wilsdon
Stornoway Diamond Corporation and partner Shear Minerals Ltd. reported complete laboratory results received from 2007 sampling at the Churchill Diamond project in Nunavut.
The consortium said that the Kahuna tailings audit ended with the recovery of additional diamonds that increase the diamond grade to 1.04 carats per ton and diamond fragments from the Kahuna bulk sample [...]
Archangel to appoint new CEO and President
by Jo Black
Archangel Diamond Corporation has named Mr. Tom Beardmore-Gray as new President and Chief Executive Officer of the company.
Earlier President and CEO of Archangel, Mr. Jonathan Dickman, is schedule to resign on June 25, 2008, but he will remain a director of the Corporation.
Tom Beardmore-Gray, a chartered accountant by profession is a graduate from Oxford [...]
Gem Diamonds to restart Cempaka
by Sarah Wilsdon
Gem Diamonds, a global leading diamond producer, has reached an agreement on an appropriate water treatment process at the Cempaka alluvial diamond mine in Indonesia, and the company is expected to recommence the mining in Q3, 08.
Gem Diamonds is an 80% shareholder, in partnership with the Indonesia’s state owned PT Aneka Tambang, in the Cempaka [...]
West African provides operational update
by Sarah Wilsdon
West African Diamonds plc, a diamond focused explorer with operations in Sierra Leone and Guinea, provides an operational update on its activities in Sierra Leone and Guinea.
The company confirms that it has received an approach from a third party which, if discussions are concluded satisfactorily, may lead to a takeover of the Company. A [...]
Dianor updates on Mori JV property
by Sarah Wilsdon
Dianor Resources Inc., an innovative exploration company focused on advancing diamond exploration properties in Canada, in conjunction with its joint venture partners Metalex Ventures Limited and Mori Diamonds Inc. have received complete results for 13 drill holes drilled on the Mori joint venture properties located 3 kilometres north east and north west of the Leadbetter [...]
Yuval Braverman joins Zale Board
by Sarah Wilsdon
Zale Corporation, a leading specialty retailer of fine jewelry in North America, has elected Mr. Yuval Braverman to its Board of Directors, effective June 19, 2008.
Braverman, 52, is currently the Chairman and Chief Executive Officer of J. & J. Zaidman, Inc. a diamond wholesaler.
Mr. Braverman co-founded J. & J. Zaidman, Inc. in 1981. [...]
International Samuel announces non-brokered private placement
by Sarah Wilsdon
International Samuel Exploration Corp., a Canadian exploration company actively exploring for base and precious metals in the Reed Lake District of Manitoba and for diamonds in the Canadian Arctic, has announced a non brokered private placement of up to 6,000,000 units (each a “Unit”) at a purchase price of $0.12 per Unit raising aggregate gross [...]
Rio Tinto eyes diamond mine in India
by Sarah Wilsdon
Rio Tinto, a leading international mining group, has lodged mining lease applications for its Bunder diamond project in the Bundelkhand region of Madhya Pradesh state in central India.
The Australian company has also announced the exploration target for diamond mineralisation at the Bunder project of 40-70 million tonnes at a grade of between 0.3 and 0.7 [...]
Vaaldiam reports macrodiamond results
by Sarah Wilsdon
Vaaldiam Resources Ltd., South America’s largest diamond producer through the 100% ownership of two producing mines in Brazil, reports the 2007 macrodiamond results from minibulk samples taken from its totally owned Candle Lake C29/30 kimberlite pipe.
The large 70 hectare C29/30 kimberlite pipe is situated in the northern end of the Fort á la Corne [...]
Mwana Africa to raise £25m
by Jo Black
Mwana Africa plc, the pan-African resources company, has placed 62.5 million new ordinary shares through at a price of 40-pence per placing share, raising £25 million before expenses
However, the precise number of Placing Shares will be finally determined by bookbuild such that the gross proceeds arising from the placing amount to up to approximately £25m. [...]
Diamonds North announces $10 million bought deal financing
by Tiffany Marlow
Diamonds North Resources Ltd., a mining company focused on discovering Canada’s next diamond mine, has secured $10,000,650 in a bought-deal private placement with a syndicate of underwriters led by Canaccord Capital Corporation and including Dundee Securities Corp., GMP Securities L.P. and Haywood Securities Inc.
The funds came of 1,905,000 units at a price of $1.05 per [...]
BRC subsidiary seeks court order against Sefalana
by Jo Black
BRC DiamondCore Ltd., a growth-focused African diamond explorer and developer with an outstanding portfolio of landholdings in proven diamond producing regions of South Africa and in prospective diamond districts of the Democratic Republic of the Congo, announces that its subsidiary company, Samadi Resources SA (Proprietary) Limited (Samadi), has launched an application in the Johannesburg High [...]
Petra provides Kono update
by Sarah Wilsdon
Petra Diamonds, the operator of the Kono project in Sierra Leone, has recovered 1,049 carats (12,132 diamonds) of diamonds during trial mining to end May 2008 at Kono project.
The company plans to place a parcel of 800 carats of diamonds from Kono on sale in its first diamond tender from the mine scheduled for [...]
Pan African reports on Botswana
by Jo Black
Pan African Mining Corp., which has approximately 5500 sq. km. of diamond licenses in Botswana, has now received independent Technical Reports in accordance with N.I. 43-101 on its Okavango and Tsau diamond projects in Botswana.
According to the company, the reports were prepared by Dr. Peter A. Christopher, P.Eng., of Vancouver-based PAC Geological Consultants Inc. [...]
Grizzly’s grant of stock options
by Tiffany Marlow
Grizzly Diamonds Ltd., a Canadian exploration company focused on exploring for diamonds in Alberta and precious metals in North America, announces that its Board of Directors has, pursuant to Grizzly’s Stock Option Plan, approved the grant of stock options to AGORACOM Investor Relations to acquire an aggregate of up to 100,000 common shares of Grizzly. [...]
Diamonds North recovers 2911diamonds
by Jo Black
Canadian mining company, Diamonds North Resources Ltd. recovers 2911 diamonds from the remaining 551.95 kilograms of percussion drill sample collected from the Tuktu-2 kimberlite in 2007. Sample Tuktu-2B exhibits a significant increase in larger sized diamonds including diamonds remaining on the 1.18mm sieve.
The Tuktu-2 kimberlite is located on the Company’s 100% owned Amaruk property [...]
MetalCORP, Kennecott on GUP diamond project
by Sarah Wilsdon
MetalCORP Limited signed a Letter of Intent with Kennecott Canada Exploration Inc. (Kennecott), an indirect wholly owned subsidiary of Rio Tinto.
Once a formal agreement has been signed, Kennecott has the right to earn a 51% interest in MetalCORP’s GUP Diamond Project by making cash payments of $375,000 and incurring expenditures of $4,000,000 over four years. [...]
Drilling on Dala Diamond project
by Jo Black
Moydow Mines International Inc., an international exploration company, focused principally in Africa, has commenced drilling on the Dala Licence, in Angola where a contract for 5,000 metres has been signed with an option to drill an additional 5,000 metres.
The Dala Licence comprises some 3,000 square kilometres and is located in the Lunda Sul province of [...]
Kopane provides production update
by Tiffany Marlow
Kopane Diamond Developments plc, through its subsidiary Liqhobong Mining Development Company (Pty) Ltd. (LMDC) has been treating the different facies from its Liqhobong Main Pipe in discrete campaigns through the Satellite Pipe process plant in order to determine specific processing characteristics ahead of the rigorously controlled processing of bulk samples scheduled to start in late [...]