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POZ Minerals to Bid for Ellendale
Only a year ago, very few in the diamond industry would haveheard of POZ Minerals. But the company, better known as a phosphates producer,is trying to build a portfolio of projects in Western Australia that could makeit a niche supplier...
Mining Sep 04, 2018 Leah Meirovich
Lerala 150
Lerala Mine Sells for $8M
A Botswana-based consortium bought the Lerala diamond mine for $8.1 million in an online auction on Wednesday, the asset’s liquidatorstold Rapaport News.The exact identity of the winner is confidential until the full sale process and regulatory...
Mining May 31, 2018 Leah Meirovich
Lerala 150
Botswana Diamond Mine Up for Auction
The liquidators of Kimberley Diamonds’ Lerala mine in Botswana will offer theproject at an online auction later this month afterfailing to secure viable bids. Kimberley placed its Lerala subsidiary into judiciarymanagement — a restructuring option for insolvent...
Mining May 01, 2018 Rapaport News
Kimberley Diamonds Gets Delisting Approval
Kimberley Diamonds came a step closer to being delisted fromthe Australian Securities Exchange (ASX) in a move that it hopes will reducecosts and facilitate fundraising.The exchange approved Kimberley’s request, leavingshareholders with the final say. Thecompany...
Mining Dec 26, 2016 Rapaport News
Lerala Mining Operations Halted to Ease Stockpiles
Pit mining at the Lerala diamond mine in Botswana has beensuspended to reduce accumulated ore stockpiles.Mining rates at Lerala have exceeded the plant’s currentability to process feed, resulting in surplus ore, owner Kimberley Diamondssaid. Botswana subsidiary...
Mining Oct 30, 2016 Rapaport News
Ellendale Mine
Top Exec at Kimberley Diamonds Quits
Kimberley Diamonds’ executive director Rod Sainty resignedfrom the miner’s board, effective Tuesday.Sainty was one of three directors who were sued for $17million by liquidators at the Australian insolvency firm Jirsch Sutherlandover allegations, including...
Mining Aug 16, 2016 Rapaport News
Kimberley Completes First Sale of Lerala Rough
Kimberley Diamonds sold its first parcel of rough from theLerala Diamond Mine in Botswana for an average price of $98 per carat in anonline auction Tuesday.The “small” parcel of gem and near-gem quality diamonds wassent to Antwerp...
Mining Jun 30, 2016 Rapaport News
Ellendale Mine
Kimberley Sells Shares to Repay Chinese Firm
Kimberley Diamonds raised $3 million (AUD 4 million) by issuingshares to partly repay a loan taken out from a Chinese auction house.The company said it sold 40.2 million shares at AUD 0.10 pershare, and of these about 7 million shares...
Mining Jun 27, 2016 Rapaport News
Rough Diamond Sorting
Antwerp to Host First Sale of Lerala Rough
Kimberley Diamonds will sell rough stones from its newly operationalLerala Diamond Mine in Botswana in an online auction from Antwerp this month,the miner said. Diamonds are currently being preparedfor the first sale on June...
Mining Jun 09, 2016 Rapaport News
Kimberley’s Lerala Mine in Botswana Back on Stream after Nine-Month Upgrade
Kimberley Diamonds said production restarted at its LeralaDiamond Mine in Botswana after nine months of upgrading and recommissioning.First diamond sales are expected in June, the AustralianSecurities Exchange-listed miner said. Kimberley Diamonds carried out modifications...
Mining May 03, 2016 Rapaport News
Kimberley Diamonds Secures Loan to Bring Lerala to Production
Kimberley Diamonds has secured financing to bring the LeralaDiamond Mine in Botswana to production, with mining scheduled to start in Marchthis year. Diamond production is anticipated in April and the first sale inJune.In a statement February 26, the...
Mining Mar 01, 2016 Rapaport News
Ellendale Mine
Ellendale May Be Handed Back to the State
The collapsed Ellendale diamond mine may be handed back to the local government as the diamond market implodes, according to a report by daily The West Australian.A fresh dispute is looming over the collapsed Ellendale mine as liquidators...
Mining Oct 22, 2015 Rapaport News
Ellendale Yellow 2
Ex-Kimberley Diamonds Boss Arrested Over Yellow Diamond Price Reports
The former head of Australian-based mining company Kimberley Diamonds has been arrested at Sydney Airport, accused of misleading the stock market, Australian Broadcasting Corp. reports.Federal Police and investigators from the Australian Securities and...
Mining Sep 16, 2015 Rapaport News
Ellendale Mine
Kimberley Diamonds Suspends Ellendale Operations
Kimberley Diamonds Ltd. placed its subsidiary, Kimberley Diamond Company (KDC) Pty., which operates the Ellendale diamond mine, into voluntary administration and suspended the mine's operations. The company made a point to state...
Mining Jul 01, 2015 Jeff Miller
Kimberley Diamonds Receives $4M Funding for Lerala Mine
Kimberley Diamonds Ltd. received $3.8 million (AUD 5 million) under the terms of a loan agreement for AUD 10 million with Zhejiang Huitong Auction Co. Ltd. of China to finance the Lerala diamond mine in Botswana. The...
Financial-Legal Jun 30, 2015 Jeff Miller
Kimberley Diamonds Obtains Lerala Environmental Impact Assessment
Kimberley Diamonds has received authorization for its environmental impact assessment at the Lerala mine in Botswana. The Botswana Department of Environmental Affairs approved and transferred the authorization to Kimberley Diamonds, having previously approved the...
Mining Nov 30, 2014 Avi Krawitz
Ellendale Mine
Kimberley Diamonds Updates Diamond Resources
Kimberley Diamonds reported an increase in reserves and resources at its diamond mines. The company owns the Ellendale and Smoke Creek projects in Australia and the Lerala diamond mine in Botswana.In an updated resource and reserve...
Mining Sep 30, 2014 Deena Taylor
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
Yellow Rough
Kimberley Diamonds to Auction Fancy Yellow Diamonds in Sept.
Kimberley Diamonds Ltd. will offer approximately 750 carats of high-qualityfancy yellow diamonds for sale through eDiamond in Belgium in September. In addition, the sale will include approximately 26,500 carats of commercial production, all of which were...
Rough Markets Aug 22, 2014 Jeff Miller
Kimberley Diamonds to Recommission Lerala Mine
Kimberley Diamonds Ltd. (KDL), the Australia-based mining company, said it will recommission its Lerala diamond mine in Botswana. The company plans to spend $10 million (AUD 14.7 million) to restart the operation with work...
Mining Jun 02, 2014 Deena Taylor
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