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Sierra Leone artisanal miners.
GemFair to Launch Training Program in West Africa
GemFair, De Beers’ program for the artisanal sector, has partnered with two organizations on a training project to enhance mining practices in West Africa.It has signed a memorandum of understanding with Germany’s Deutsche Gesellschaft für Internationale Zusammenarbeit...
Mining Jul 13, 2020 Rapaport News
Beni steinmetz 150
Steinmetz’s Mining Firm Enters Administration
BSG Resources Limited, diamond tycoon Beny Steinmetz’s mining company, has entered administration, meaningcontrol has been given to practitioners responsible for tryingto rescue the business.Malcolm Cohen and William Callewaert of BDO arethe court-appointed...
Mining Mar 07, 2018 Rapaport News
Simandou mine
Beny Steinmetz Detained in Fraud Probe
Israeli police arrested diamond magnate Beny Steinmetz onMonday in connection with an investigation into alleged fraud and moneylaundering, according to media reports.Steinmetz was one of a handful of public figures held forquestioning over the alleged crimes,...
Financial-Legal Aug 15, 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
Karl Smithson
Stellar’s Loss Widens Before Strategic Acquisition
Stellar Diamonds reported its loss more than doubled in thepast fiscal year and revenue slumped. This comes ahead of a “transformational”acquisition designed to turn the exploration company into a fully-blowncommercial miner.Revenue fell 19 percent to $499,725 in the...
Mining Dec 22, 2016 Rapaport News
Karl Smithson
Stellar to Share Ownership of African Projects
StellarDiamonds is reducing its stake in diamond projects in Guinea and Liberia inorder to focus on developing its Tongo mine in Sierra Leone. Thecompany signed a provisional agreement to form a joint venture with Dubai-basedCitigate Commodities Trading whereby Citigate...
Mining Jul 28, 2016 Rapaport News
Stellar Baoulé mine Guinea
Weaker Market Weighs on Stellar’s Baoulé Sales
Stellar Diamonds said the average selling price declined atits latest auction of rough from the Baoulé mine in Guinea due to a weakermarket and a lower-quality product mix.The online auction in June achieved an average price of$72.65...
Mining Jul 11, 2016 Rapaport News
Guinea diamond bourse
Guinea Greenlights Diamond Bourse
Guinea approved the opening of a diamond and gold exchange,a joint initiative with two Canadian companies.The Diamond and Gold Bourse of Guinea Group(DGBG) will apply for membership of the World Federation of Diamond Bourses afterit...
Polished Markets Jun 15, 2016 Rapaport News
stellar diamonds
Stellar Diamonds Narrows 1H Loss as Costs Slashed 29%
Stellar Diamonds, a West Africa-focused exploration anddevelopment company, lowered its loss by 5.2 percent in its first fiscal half bycutting costs.The company narrowed its loss to $886,463 in the six monthsto December 31 from $934,928 a year...
Mining Mar 30, 2016 Rapaport News
stellar diamonds
Stellar Sees Average Price Fall at Sale of Baoulé Diamonds
Stellar Diamonds raised about $300,000 from a sale ofdiamonds sourced from the company’s Baoulé project in Guinea, achieving anaverage price of $91.05 per carat. The average price is belowthe $156 per carat realized at a previous...
Mining Mar 16, 2016 Rapaport News
Stellar Diamonds
Stellar Exports 3K+ Carats from Baoulé Mine to Antwerp for Auction
London-listed diamond developmentcompany Stellar Diamonds exported a parcel of 3,341 carats from trial mining ofits Baoulé kimberlite project in Guinea to Antwerp ahead of a planned auction.The stones will be cleaned and assorted prior to the auction,which is expected...
Mining Feb 17, 2016 Rapaport News
Karl Smithson
Stellar Finds 55-Carat Diamond at Baoulé Mine in Guinea
Stellar Diamonds recovered a55-carat gem at its Baoulé kimberlite pipe in Guinea, which the company claimsas evidence that the mine is a potential source of large diamonds.The stone appears to have a ‘boart’ – or fragmented – exteriorand a potentially better-quality...
Mining Jan 25, 2016 Rapaport News
Stellar Diamonds
Stellar Diamonds Cuts FY Loss 25% as Sales Rise from Naught
StellarDiamonds, a UK-based exploration group focused on West Africa, cut its annual lossby 25 percent as revenue grew from naught last year and costs were slashed.Its lossfell to $3.1million in the year to June 30, accordingto a November...
Mining Nov 25, 2015 Rapaport News
Stellar Diamonds
Stellar Diamonds Postpones First Baoulé Diamond Sale to Late January
Stellar Diamonds, a junior diamond explorer and developer, announced that it had delayed its first sale of diamonds recovered from its Baoulé project in Guinea to later this month.The mining company said that it has decided...
Mining Jan 07, 2015 Ronen Shnidman
stellar diamonds
Stellar Diamonds Recovers Large Stones in Guinea Trial Mining
Stellar Diamonds recovered 196 carats, including several large diamonds, during trial mining at its Baoulé kimberlite pipe in Guinea.The sample yielded two octahedral diamonds weighing 5.50 carats and 5.10 carats. Additional diamonds...
Mining Oct 21, 2014 Deena Taylor
stellar diamonds
Stellar Diamonds to Begin Trial Mining at Baoulé Project
Stellar Diamonds reported that it has commissioned the diamond processing plant at its Baoulé kimberlite project in Guinea ahead of trial mining. The company intends to process 100,000 tonnes of ore to measure diamond grade and test...
Mining Sep 11, 2014 Deena Taylor
stellar diamonds
Stellar Anticipates Commissioning Ore at Baoule in Sept.
Stellar Diamonds relocated mining equipment to the Baoule diamond pipe in Guinea to fast-track trial mining for the purpose of generating an early cash-flow, while determining the commercial diamond-grade and value for the project. The...
Mining Aug 11, 2014 Jeff Miller
stellar diamonds
Stellar Gains Access to the Baoule Diamond Pipe in Guinea
Stellar Diamonds plc signed an agreement with Société Tassiliman to acquire up to a 100 percent interest in the diamondiferous kimberlite pipe Baoulé, which is located in the Aredor district of Guinea. The Baoulé kimberlite pipe was discovered in 1999...
Mining Dec 09, 2013 Jeff Miller
Stellar Diamonds
Stellar Renews Guinea Mining License
Stellar Diamonds renewed its mining license at the Mandala project in southeastern Guinea for an additional five years.As part of the renewal process, and in accordance with the Guinea's mining law, the area that the...
Mining Nov 11, 2013 Deena Taylor
kimberley process
U.S. Partnership With Guinea Aims to Strengthen Artisanal Diamond Mining
U.S. State Department Report: Extractives Partnership between Guinea and the United StatesG-8 Transparency Advisory Group1. OverviewGuinea, which has a population of 10 million in an area the size of the UK, has vast mineral resources, many...
Financial-Legal Jun 14, 2013 U.S. State Department
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