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Alrosa Offloads $19M of Non-Core Assets
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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...
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Mining
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May 08, 2019
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Rapaport News
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ALROSA Sales Soar in Seasonally Slower August
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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...
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Rough Markets
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Sep 22, 2016
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Rapaport News
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Financial-Legal
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Apr 07, 2015
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Jeff Miller
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Mining
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Apr 01, 2015
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Jeff Miller
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Rockwell Diamonds Sells Tirisano for $6M
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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...
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Mining
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Mar 31, 2015
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Jeff Miller
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ALROSA Sells Stake in MAK-Bank to Focus on Diamonds
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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...
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Financial-Legal
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Mar 02, 2015
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Deena Taylor
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Arctic Star Acquires Stein Diamond Property
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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...
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Mining
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Feb 06, 2015
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Jeff Miller
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Mining
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Dec 16, 2014
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Jeff Miller
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Dominion Diamond Records 3Q Profit of $34M
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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...
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Financial-Legal
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Dec 12, 2014
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Jeff Miller
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Marketing
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Dec 09, 2014
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Jeff Miller
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Mining
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Nov 17, 2014
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Jeff Miller
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Pangolin Raises $428K in a Private Placement
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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...
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Mining
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Oct 29, 2014
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Jeff Miller
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Kelvin's Sample Grade Meets Kennady Diamonds' Guidance
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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...
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Mining
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Oct 06, 2014
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Jeff Miller
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Kimberley Diamonds to Raise $10M, Resume Operations on Lerala
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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...
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Financial-Legal
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Aug 26, 2014
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Jeff Miller
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Zimbabwe to Collect Diamond Revenue at Point of Sale
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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...
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Mining
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Aug 06, 2014
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Jeff Miller
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Mountain Province Appoints Banks for $370M Facility
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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...
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Financial-Legal
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Jul 28, 2014
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Jeff Miller
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Afri-Can Marine Announces Non-brokered Private Placement
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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....
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Financial-Legal
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Jul 16, 2014
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Jeff Miller
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Dominion Increases Diavik's 2014 Production Forecast
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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...
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Rough Markets
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Jul 16, 2014
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Jeff Miller
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Douglas Silver Joins Stornoway's Board of Directors
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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...
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Mining
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Jul 16, 2014
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Jeff Miller
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Kennady North Summer Drill Program Begins in Canada
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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...
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Mining
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Jul 15, 2014
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Jeff Miller
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