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Karl Smithson
Stellar Deal Combines Sierra Leone Mines
Stellar Diamonds has partnered with Octea Mining in a deal that will enable the two companies to combine their diamond mining operations in Sierra Leone. The agreement — which the companies signed last week — “will...
Mining May 01, 2017 Rapaport News
Stellar Baoulé mine Guinea
Stellar Shares Fall After Funding Deal
Trading resumed in Stellar Diamonds’ shares on Mondayfollowing a six-month suspension, after the company completed fundraising for amining project in Sierra Leone.The issue of 5.9 million new shares at a price of $0.07 (GBP0.055) per share will raise...
Mining Feb 27, 2017 Rapaport News
Stellar Tongo mine Sierra Leone
Stellar Agrees to Operate Sierra Leone Mine
Stellar Diamonds has entered a subcontracting arrangement tooperate the Tonguma mine in Sierra Leone, after opting out of a deal to acquirethe deposit.Under the arrangement, Stellar will run the mine and sellthe resulting diamonds, paying...
Mining Feb 23, 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
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
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