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Alrosa Offloads $19M of Non-Core Assets
Alrosa has sold a number of its non-diamond-relatedbusinesses in an effort to consolidate operations and focus on its diamondassets, it said Tuesday. During the first quarter, the Russia-based miner disposed of21 assets, including subsidiary equity stakes and...
Mining May 08, 2019 Rapaport News
ALROSA's Udachniy mine
ALROSA Sales Soar in Seasonally Slower August
ALROSA sold $243 million worth of rough diamonds amid stable market conditions in a seasonally weak August, the Russian miner said as it reported for the first time its monthly sales data.The sale represents a 58 percent...
Rough Markets Sep 22, 2016 Rapaport News
gahcho kue
Mountain Province Closes on $370M Gahcho Kué Loan Facility
Mountain Province Diamonds Inc. closed its $370 million loan facility for the Gahcho Kué diamond mine, with a syndicate of lenders led by Natixis S.A., Scotiabank and Nedbank Ltd., and including ING Capital...
Financial-Legal Apr 07, 2015 Jeff Miller
stellar diamonds
Stellar Diamonds Begins License Application Process for Tongo Dyke-1
Stellar Diamonds began the application process to acquire a mining license for the Tongo dyke-1 kimberlite project in eastern Sierra Leone. The junior miner hopes to fast track Tongo into production given its positive...
Mining Apr 01, 2015 Jeff Miller
Rockwell Diamonds Sells Tirisano for $6M
Rockwell Diamonds Inc. agreed to sell the Tirisano diamond project in the North West province of South Africa for $6.3 million to a consortium of miners. Tirisano was placed on care and maintenance in December 2012 and Rockwell...
Mining Mar 31, 2015 Jeff Miller
ALROSA Sells Stake in MAK-Bank to Focus on Diamonds
ALROSA sold its 84.66 percent stake in MAK-Bank to Expobank, the company reported on Monday. The transaction closed on February 26, following approval from the Central Bank of Russia.The sale was part of the company's non-core...
Financial-Legal Mar 02, 2015 Deena Taylor
arctic star
Arctic Star Acquires Stein Diamond Property
Arctic Star Exploration Corp. acquired the Stein diamond property that is defined as four contiguous prospecting permits covering 105,637 hectares on the Boothia Peninsula in Nunavut, Canada. Arctic Star determined that the Stein property's...
Mining Feb 06, 2015 Jeff Miller
Kennady Diamonds Intersects Kimberlite in Latest Kelvin Drill Hole
Kennady Diamonds Inc. intersected kimberlite at 390 meters below the surface during its latest Kelvin delineation drill hole (KDI-14-065), which is approximately 50 meters north of drill hole KDI-HQ14-033a, where kimberlite was intersected at approximately...
Mining Dec 16, 2014 Jeff Miller
Ekati Mine
Dominion Diamond Records 3Q Profit of $34M
Dominion Diamond Corporation reported that production, sales and profit were all stronger than expected during the third quarter that ended on October 31. Profit rose to $33.6 million compared with a loss of $6.5...
Financial-Legal Dec 12, 2014 Jeff Miller
Matt Manson
PDAC to Honor Stornoway's Matt Manson With Viola R. MacMillan Award
The Prospectors & Developers Association of Canada (PDAC) will honor six industry leaders at its annual convention in Toronto next year to showcase the achievements of companies, individuals and groups in the mineral exploration and mining...
Marketing Dec 09, 2014 Jeff Miller
Paragon Sells Parcel to Test Market Ahead of Lemphane Production
Paragon Diamonds Ltd. sold several high-quality stones that were recovered from its 2013 bulk sampling program at the Lemphane kimberlite pipe in Lesotho. The junior miner stated that the parcel included fancy...
Mining Nov 17, 2014 Jeff Miller
Pangolin Diamonds
Pangolin Raises $428K in a Private Placement
Pangolin Diamonds Corp. closed a non-brokered private placement round of financing for aggregate gross proceeds of $427,916, consisting of 7,131,940 units at 6 cents each. Each unit consists of one common share in the capital of Pangolin and one...
Mining Oct 29, 2014 Jeff Miller
Kelvin's Sample Grade Meets Kennady Diamonds' Guidance
Kennady Diamonds Inc. revealed that diamond recovery results from the Kelvin mini-bulk sample, which was processed by dense media separation at the Geoanalytical Laboratories Diamond Services of the Saskatchewan Research Council (SRC), was...
Mining Oct 06, 2014 Jeff Miller
Kimberley Diamonds to Raise $10M, Resume Operations on Lerala
Kimberley Diamonds announced a pro-rata non-renounceable rights issue offer of new shares at 19 cents each in an effort to raise $9.9 million. The funds raised, coupled with existing capital, will be used to recommission the Lerala diamond mine...
Financial-Legal Aug 26, 2014 Jeff Miller
zim sm
Zimbabwe to Collect Diamond Revenue at Point of Sale
Zimbabwe's Mines and Mining Development Minister, Walter Chidhakwa, told a parliamentary portfolio committee that the government will now collect its share of diamond revenue at the point of sale rather than wait for its...
Mining Aug 06, 2014 Jeff Miller
gahcho kue
Mountain Province Appoints Banks for $370M Facility
Mountain Province Diamonds Inc. selected three banking institutions to arrange and underwrite a senior secured term loan facility of up to $370 million to fund the company's share of construction costs at the Gahcho Kué diamond mine located...
Financial-Legal Jul 28, 2014 Jeff Miller
Afri-Can Marine Minerals Corporation
Afri-Can Marine Announces Non-brokered Private Placement
Afri-Can Marine Minerals Corporation is conducting a non-brokered private placement for anticipated gross proceeds of a minimum of $175,000 and a maximum of $350,000, open to all current shareholders as of July 30, 2014 and to accredited investors, pursuant to applicable exemptions....
Financial-Legal Jul 16, 2014 Jeff Miller
Diavik Mine
Dominion Increases Diavik's 2014 Production Forecast
Diamond production at the Diavik diamond mine in Canada rose 38 percent year on year to 2.15 million carats in the second quarter that ended on June 30, according to Dominion Diamond Corporation. Diavik's rough diamond production for...
Rough Markets Jul 16, 2014 Jeff Miller
stornoway logo
Douglas Silver Joins Stornoway's Board of Directors
Stornoway Diamond Corporation appointed Douglas Silver to the company's board of directors. Silver is regarded as a mining and investment executive with more than 30 years of experience in the industry. He is currently a portfolio manager of Orion Mine Finance and...
Mining Jul 16, 2014 Jeff Miller
Kennady North Summer Drill Program Begins in Canada
Kennady Diamonds Inc. began its summer drilling program at the Kennady North diamond project in Canada's Northwest Territories with plans to complete drilling a minimum of 5,000 meters, focusing on delineation drilling at the Kelvin and Faraday...
Mining Jul 15, 2014 Jeff Miller
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