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Stellar Diamonds 150
Stellar Agrees to Takeover Deal
Stellar Diamonds has struck a $10.8 million (GBP 7.7 million)takeover agreement with Newfield Resources, raising its hopes of bringing itsSierra Leone mine into production, the company said Monday. Stellar, which operates the...
Mining Mar 13, 2018 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
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 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 Diamonds Gets Environmental Approval for Tongo Project in Sierra Leone
Stellar Diamonds has receivedenvironmental approval to mine at its Tongo Dyke-1 project in Sierra Leone.The Environmental Protection Agencyapproved Stellar’s Environmental, Social and Health Impact Assessment (ESHIA) applicationfor the company’s 100-percent owned project, according...
Mining Feb 19, 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 Applies for License to Mine at Tongo Project
Stellar Diamonds has applied forlicense to carry out large-scale mining at the Tongo project in Sierra Leone,the West Africa-focused diamond exploration group said.Stellar, based in the UK and listed on London’s AlternativeInvestment Market, has submitted the...
Rough Markets Nov 30, 2015 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 Narrows Loss, Seeks to Raise $20M
Stellar Diamonds reported a loss of $934,928 for the six months that ended on December 31, compared with a loss of $1.55 million one year earlier, primarily due to lower administrative costs. During the fiscal period,...
Mining Mar 27, 2015 Jeff Miller
Stellar Diamonds
Stellar Diamonds Sale Achieves $417K
Stellar Diamonds achieved $417,122 from the sale of 4,414 carats in Antwerp, the company reported. The sale included excellent-quality white stones, with a 5-carat rough diamond achieving an average price of $5,000 per carat. The...
Rough Markets Mar 24, 2015 Deena Taylor
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 Enters Into $2M Loan Facility
Stellar Diamonds entered into a bridging loan agreement for up to $2 million with YA Global Master SPV Ltd. The funding will be available for three years and provides for two initial loan tranches of principal amounts...
Financial-Legal Dec 09, 2014 Jeff Miller
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