Latin American Minerals discovers diamonds in Paraguay
by Sarah Wilsdon
Latin American Minerals Inc., is a mineral exploration company focused on the acquisition and development of properties of highly prospective countries of Latin America, has discovered 10 diamonds, ranging in size from 0.002 to 0.04 carats on its Capiibary Diamond Exploration Property in north-eastern Paraguay.
The Capiibary Diamond Exploration Property, which covers an area [...]
Rockwell announces Q1 fiscal 2009 results
by Jo Black
Rockwell Diamonds Inc. has registered revenues from sales of $7.25 million, including revenue from contract sales of $156,220, from the sale of 4,943.30 carats of diamonds, and cost of sales and amortization totalling $7.18 million, during the three months ending May 31, 2008.
Providing financial results for the Q1 Fiscal 2009, the company said it [...]
Trail mining at the Luxinge project in Angola
by Tiffany Marlow
International Gold Exploration (IGE) AB, a Swedish exploration and mining group focused on diamonds, nickel and gold, is likely to start trial mining of the Luxinge tributary and bulk sampling of identified diamond-bearing deposits of the alluvial diamond in August 2008.
IGE is in a process to transport the drilling equipment to commence mining of [...]
Bonaparte provides trial mining and processing results
by Sarah Wilsdon
Bonaparte Diamond Mines NL, the only mining company in Australia that conducts marine diamond exploration, provides trial mining and processing results at the Savanna diamond mine in South Africa.
The company had completed processing of a 16,000 ton bulk sample including the two large stones of 23 and 31carats in size, which were recovered as part [...]
Vaaldiam gets record diamond price of $800 per carat for Chapada production
by Jo Black
Vaaldiam Resources Ltd., South America’s largest diamond producer, has achieved a record price of US$ 800 per carat from its 100% owned Chapada Diamond Mine, in Brazil.
The company sold a total of 1,967 diamonds weighing 1,116 carats, an average of 0.57 carats per stone, for gross proceeds of US$ 892,708.
The parcel was included five stones [...]
Diamonds North closes non-brokered private placement
by Jo Black
Diamonds North Resources Ltd., a dynamic exploration company focused on strategically advancing diamond opportunities and determined to discover Canada’s next diamond mine, has closed the final tranche of the previously announced non-brokered private placement financing.
The company has raised $552,550 and involved the issuance of 16,833 Flow-Through Shares and 507,000 Non Flow-Through Units. With the [...]
Cream Minerals updates on Sierra Leone exploration program
by Tiffany Marlow
Cream Minerals Ltd., a mineral exploration company with properties in Canada, Mexico and Sierra Leone, Africa, has exported a parcel of diamonds carrying 112 stones with a total weight of 53.93 carats from its mining licences on the Sewa River.
The shipment has been approved by Canada Border Services, following normal review of documentation including [...]
Dianor completes $540,000 private placement
by Sarah Wilsdon
Dianor Resources Inc., an innovative exploration company focused on advancing diamond exploration properties in Canada, has collected $540,000 by placing 50,000 “flow-through” units at a price of $0.30 per unit and 2,100,000 units at a price of $0.25 per unit, with the second closing of its previously-announced private placement with Northern Securities Inc. and Desjardins [...]
Dubai and Thailand to boost trade opportunities
by Jo Black
Dubai Multi Commodities Centre (DMCC), has signed an agreement with the Thai Gem and Jewellery Traders Association (TGJTA) signifying TGJTA as the first affiliate member of the Dubai Gems Club (DGC). The DGC is a strategic initiative of the DMCC’s Coloured Stones and Pears Division.
The main objective of the agreement is to boost trade opportunities [...]
GIA Jewelry Career Fair in New York
by Tiffany Marlow
The Gemological Institute of America (GIA) has announced the agenda for the 18th GIA Jewelry Career Fair being held at the Jacob Javits Center in New York City on July 25, 2008.
Over 35 companies from the jewelry industry, who are seeking employees to fill a number of available positions, are likely to attend the Career [...]
Hudson secures interim financing for Greenland diamond project
by Sarah Wilsdon
Hudson Resources Inc., a mining company focused on diamond exploration in West Greenland, has signed an agreement with a major mining house to obtain interim financing for its Greenland diamond project.
The agreement allows Hudson to drawdown up to $2 million at a rate of prime plus 2 percent. The loan matures January 4, 2009.
Hudson’s [...]
Diamonds North closes $12.5 million bought deal financing
by Sarah Wilsdon
Diamonds North Resources Ltd., a mining company focused on strategically advancing diamond opportunities and determined to discover Canada’s next diamond mine, has closed the bought deal financing which was announced on June 19th, 2008 and subsequently increased June 26th, 2008.
The financing, led by Canaccord Capital Corporation and including Dundee Securities Corporation, GMP Securities L.P. [...]
Rockwell’s June 2008 diamond sale
by Tiffany Marlow
Rockwell Diamonds Inc., diamond mining and exploration company, with interest in several producing and exploration alluvial diamond properties in southern and central Africa, provides result for its fifth diamond sale for 2008 completed on June 30, 2008.
The company has offered 2,672.92 carats of diamonds for sale, representing diamond production for most of the month of [...]
Peregrine Diamonds appoints new director
by Sarah Wilsdon
Peregrine Diamonds Ltd., primarily focused on diamond development and exploration in Canada, has appointed Mr. Robert Boyd to the board of directors of Diamonds and Ms. Chantal Gosselin to the board of directors of Metals.
Mr. Boyd, a senior mining executive with over 30 years experience in the industry, is currently working as the Chairman [...]
Diamondcorp provides updates
by Sarah Wilsdon
DiamondCorp plc, the South African diamond mining company, has recovered 27,103 carats of diamonds from Lace tailings re-treatment in the first six months of 2008. The company has also recovered a 34.84 carat non-gem diamond.
The company has claimed recoveries averaged 6.1 carats per hundred tonnes and approximately 70% of diamonds recovered were gem quality.
The company [...]
Paramount expands West African diamond interests
by Tiffany Marlow
Paramount Mining Corporation Limited has signed an agreement to acquire a stake in Pramkese diamond and gold project, expanding its presence in Ghana.
West African country, Ghana has a strong diamond history and previous exploration in that country has indicated exceptionally high diamond grades
The Pramkese Project, a JV agreement between Paramount Mining Corporation Limited and Leo [...]
Monroe closes sale of diamond interests
by Tiffany Marlow
Monroe Minerals Inc. has received US$1,050,000 in cash and a 10% carried equity interest in developments arising from the intellectual data base of Monroe Mining (Pty) Limited, with the closing of previously announced sale of its African diamond interests to Namakwa Diamonds Holdings (Pty) Ltd (Namakwa).
Of the balance of the consideration, US$300,000 has been [...]
Vaaldiam to double production from Duas Barras
by Tiffany Marlow
Vaaldiam Resources Ltd., South America’s largest diamond producer, is all set to acquire the neighbouring mine and extensive concessions of RST Recursos Minerais Ltd (RST), which is adjoining its Duas Barras mine in the State of Minas Gerais, Brazil.
Vaaldiam has entered into an agreement with RST to acquire a second 2,000 tonne per day [...]
Mountain recovers 25ct diamond at Gahcho Kue
by Sarah Wilsdon
Mountain Province Diamonds Inc., Canada’s premier diamond exploration and development company, has recovered a 25.13 carat gem quality diamond of excellent shape and clarity and good colour from the 2008 Tuzo bulk sample from the Gahcho Kué Diamond Project.
Tuzo, which is one of three primary kimberlites at Gahcho Kué, is a joint venture between [...]
Stornoway and Shear announce 2008 program
by Jo Black
The consortium of Stornoway Diamond Corporation and Shear Minerals Ltd. has approved up to a $3.8 million exploration program for the year 2008.
Pamela Strand, President and CEO of Shear Minerals Ltd, said that the goal for 2008 is to prove up the existing kimberlites as well as to explore for new kimberlites with large tonnage [...]