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Star Diamond
Canada Site Shows High-Value Potential
Star Diamond Corporation has noted a large quantity of high-valueand large rough stones at its two exploration sites in Canada, sending itsstock price shooting upward. Nearly 27% of diamonds at its Star project are type IIa,...
Mining Mar 04, 2019 Rapaport News
Rough diamonds
Alrosa Exits Botswana Exploration Project
Alrosa has sold its 50% stake in the Sunland Mineralsexploration project in Botswana, according to its former joint-venture partner. Botswana Diamonds bought the Russian miner out for a“nominal sum” and now owns the...
Mining Nov 18, 2018 Rapaport News
Argyle 150
Diamond Resources Might Not Be Forever
While it’s true that value comes from rarity, no naturalresource lasts forever, and the rare is becoming even rarer. Diamond productionis set to peak in 2019, after which it will begin a steady decline. De Beersestimates global...
Mining Aug 14, 2018 Leah Meirovich
De Beers 600
De Beers Buys Peregrine Diamonds for $81M
De Beers’ Canada business has agreed to acquire explorationcompany Peregrine Diamonds, which owns the promising Chidliak resource, thecompanies said Thursday. De Beers will buy 100% of Peregrine for about $80.6 million(CAD 107 million) in cash,...
Mining Jul 19, 2018 Rapaport News
Mob Invades Gemfields Site in Ethiopia
A mob of 300 to 500 people overran Gemfields Group’semerald-exploration operations in Ethiopia on Friday, forcing staff members toflee. Employees, contractors and service providers at Web GemstoneMining (WGM) were safely evacuated to a town a two-hour drive away, the...
Mining Jul 03, 2018 Rapaport News
Star-Orion South Project, Shore Gold
Rio Tinto Opts into Canada Diamond Project
Rio Tinto has partnered with mineral exploration group ShoreGold to develop a diamond mine in Canada.The option agreement will potentially grant Rio Tinto up to60% of the proceeds from the Star-Orion South Diamond Project in Saskatchewan....
Mining Jun 26, 2017 Rapaport News
Stellar Baoulé mine Guinea
Stellar to Sell Guinea Mining Projects
Stellar Diamonds has agreed to sell its operations in theRepublic of Guinea to BDG Capital for $2 million, after calling off a previousdeal with Citigate Commodities Trading.Stellar’s Guinea projects, which are not core to its overallbusiness, consist...
Mining Jun 07, 2017 Rapaport News
Alrosa Angola
Alrosa, Angola Sign Deal on New $35B Mine
Alrosa has partnered with Angolan national diamond companyEndiama to develop the African nation’s largest kimberlite deposit, claimingthe project could be worth more than $35 billion.Alrosadiscovered the Luele mine during exploration work it carried...
Mining May 24, 2017 Rapaport News
Lucara Sample Yields 4.56ct. Diamond
Lucara Diamond Corporation has recovered rough diamondsweighing more than 1 carat apiece – including one weighing 4.56 carats – from anore sample that came from its BK02 exploration project in Botswana.That largest stone was...
Mining Mar 07, 2017 Rapaport News
John Teeling Botswana Diamonds
Botswana Diamonds Funds South Africa Project
Botswana Diamonds has agreed to fund an exploration projectin South Africa in return for a 72 percent stake in mine developer Vutomi.As part of the deal, Botswana Diamonds will pay Vutomi atotal of $1.2 million (GBP 942,000) in cash,...
Mining Feb 06, 2017 Rapaport News
Snap Lake De Beers mine
De Beers to Flood Snap Lake Mine
De Beers said it will start flooding its Snap Lake mine inCanada and cease its involvement in an exploration quest in Saskatchewan.The miner will begin flooding the site in Canada’sNorthwest Territories in January after receiving regulatory approval...
Mining Dec 27, 2016 Rapaport News
Lucapa Lulo large diamond
Lucapa Secures Angola Exploration Permit
Lucapa Diamond Company said it received a license to exploreat the Lulo Diamond Project in Angola for another five years.Angola’s Minister of Mines andGeology FranciscoManuel Monteiro de Queirozsigned off the approval, which applies to the entire 3,000...
Mining Nov 28, 2016 Rapaport News
Stellar Tongo mine Sierra Leone
Stellar, Octea to Merge Sierra Leone Diamond Mines
Stellar Diamonds and Octea Mining agreed to combine theirSierra Leone projects to create the second largest diamond-mining operation inWest Africa.Under the proposed deal, Stellar plans to amalgamate itsTongo kimberlite project with Octea’s adjacent...
Mining Aug 22, 2016 Rapaport News
Former De  Beers CEO Gareth Penny
Ex-De Beers CEO Joins Pangolin Diamonds
Former De Beers chief executive officer Gareth Penny hasjoined diamond exploration company Pangolin Diamonds Corp. as non-executivechairman.Penny (pictured) left De Beersin 2010, after having steered the companyduring his final 5 years out of 22 he spent at the...
Mining Aug 18, 2016 Rapaport News
Western Athabasca Basin, Saskatchewan - Athabasca
De Beers Moves Ahead with Canada Exploration
De Beers will test specimens of kimberlite indicatormaterial from a project in an underdeveloped part of Canada after completingsampling at the site in the Northwestern Athabasca basin.The miner investedup to $15.6 million (CAD 20.4 million) in the joint venture withToronto-listed...
Mining Jun 28, 2016 Rapaport News
Western Athabasca Basin, Saskatchewan - Athabasca
De Beers to Invest in Canada Exploration
De Beers said it will spend up to $15.6 million (CAD 20.4million) on hunting for diamonds in an underexplored part of the Canadianprovince of Saskatchewan.The miner entered into an agreement wih CanAlaska, a companythat has staked claims to kimberlite-style targets in the NorthwesternAthabasca...
Polished Markets May 22, 2016 Rapaport News
Lucapa Lulo large diamond
Lucapa Unveils $7M Investment in Lulo Mine
Lucapa Diamond Company announced a $7 million upgrade and developmentplan for its Lulo program in Angola.The commitment includes new Caterpillar earth-movingequipment, vehicles for alluvial diamond mining and kimberlite explorationprograms and camp upgrades. The...
Mining May 16, 2016 Rapaport News
Gope, Botswana
Botswana Diamonds to Start Drilling at PL 186
BotswanaDiamonds will begin drilling in an area within the Gope mine that holds a highpotential for diamond discoveries.The programwill start “shortly” at PL 186, part of the Maibwe (Brightstone) block oflicences in the Gope region of Botswana. The...
Mining May 11, 2016 Rapaport News
Botswana Diamonds
Botswana Diamonds Raises $722K for Orapa Project
BotswanaDiamonds sold shares for $721,500 (GBP 500,000) to fund ongoing diamond exploration at its jointproject withALROSA and for additional working capital.The companyplaced 33.3 million ordinary shares, or 9.9 percent of its share capital, withnew...
Mining May 08, 2016 Rapaport News
Pangolin Diamonds
Pangolin Raises Funds Via Private Placement to Continue Botswana Exploration
Pangolin Diamonds closed a private placement to finance the continuationof its exploration program at the Malatswae project in Botswana this year.The proceeds of $547,535 (CAD 693,453) will also provide workingcapital to further its exploration commitments at its...
Mining Apr 20, 2016 Rapaport News
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