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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 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
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
Stellar Diamonds
Stellar Gets ‘Verbal’ Go-Ahead for Tongo Project
Stellar Diamonds said it was “verbally informed” that its applicationfor a license to mine at its Tongo project in Sierra Leone was approved by the MineralsAdvisory Board.The licensingprocess is still subject to the National Minerals Agency, the licensingbody...
Mining Jun 01, 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 Says Tongo to Produce 1M Carats Over 18 Years
Stellar Diamonds said a preliminary economic assessment shows the Tongo kimberlite project in Sierra Leone can produce almost 1 million carats over the next 18 years, according to a company announcement."The objective was to define updated project...
Mining Aug 24, 2015 Rapaport News
stellar diamonds
Stellar's Rough Sale from Baoulé Achieves $505K
Stellar Diamonds achieved $505,000 from its recent sale of rough diamonds from the Baoulé project in Guinea. Six of the lots, representing 48.12 carats of rough stones greater than 5 carats, achieved $3,510 per carat....
Rough Markets May 28, 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
Stellar Diamonds
Stellar Diamonds Opens Rough Tender in Antwerp
Stellar Diamonds opened a tender in Antwerp for its first rough diamond production of 2015 from projects in Aredor, Sierra Leone and Guinea. The tender offers 6,031 carats and it is taking place at the Natural Diamond...
Rough Markets Feb 27, 2015 Jeff Miller
stellar diamonds
Stellar Provides Initial Diamond Grade From Tongo Sample
Stellar Diamonds confirmed an initial sample grade of 170 carats per hundred tonnes (cpht) from its bulk sampling program at the Tongo dyke kimberlite project in Sierra Leone. The initial sample yielded 151 carats...
Mining Feb 12, 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 Diamonds Prioritizes Tongo Following Scoping Study
Stellar Diamonds published the results of its conceptual economic scoping studies on the Tongo and Droujba kimberlite diamond projects in Sierra Leone and Guinea. Paradigm Project Management conducted the studies with the objective...
Mining Jul 26, 2013 Jeff Miller
Stellar Diamonds
Stellar Completes Tongo Dyke 1 Expansion Drilling
Stellar Diamonds completed its resource expansion drill program at the Tongo dyke 1 kimberlite diamond project in eastern Sierra Leone. Stellar logged 11 drill holes, with the deepest intersection at 357 meters vertical from the...
Mining Sep 11, 2012 Jeff Miller
Stellar Diamonds
Sierra Leone Renews Stellar Diamonds' Tongo License
Sierra Leone renewed Stellar Diamonds' exploration license at the Tongo diamond project. The project's four diamondiferous kimberlite dykes represent an inferred resource of 660,000 carats with a modeled diamond value of $248 per carat. Drilling...
Mining Jul 31, 2012 Jeff Miller
Stellar Diamonds
Stellar's Droujba Sample Returns High-Grades
Stellar Diamonds continues to advance the second bulk sampling phase of its Droujba kimberlite pipe in Guinea. The company processed 2,023 dry tonnes of ore recently from eight pits and returned grades of 70 carats per...
Mining Jun 25, 2012 Jeff Miller
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