BlueRock suspends operations at Kareevlei, following order from South African government
BlueRock has been building a successful track record of production at Kareevlei
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Diamonds & gemstones
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Dunnedin Ventures brings in C$2.8M from placing as it eyes upcoming drilling at MPD copper-gold project
Funds will be used for exploration on its wholly-owned copper porphyry exploration projects in BC and Arizona
Fura Gems arranges long-term loan facility
It involves the issuance of a grid promissory note to a private company that will lend Fura US$21 million
Lithoquest Diamonds will raise $250,000 through non-brokered private placement
The offering is not subject to a minimum amount, with a maximum of 8,333,334 shares for gross proceeds of $250,000
BlueRock Diamonds raises £1.9mln to fast track production at Kareevlei
The miner says the additional funds will also “reduce unit costs significantly”
Petra Diamonds tarnished by earnings decline and slow start to 2020
The miner also cits its full-year cash flow estimates amid weakness in the diamond market, partially caused by the coronavirus outbreak
Gemfields Group returns to AIM after two and a half years
The emerald and ruby miner was taken private by its major shareholder in July 2017
Fura Gems signs new merger agreement for New Energy Assets' ruby interests in Mozambique
The revised merger agreement allows for Fura’s purchase of interests in a trio of ruby licenses in Mozambique
Petra Diamonds downgraded by Citi as debt reduction drags
The analysts removed their share price target “as we find the range of valuation outcomes too wide for the stock to have a point estimate for target price”
Fura Gems widens reach in Mozambique by signing pact with GemRock to take up additional ruby mining licenses
The aggregate price for the licenses taken from GemRock plus a related non-competition agreement to protect Fura's exploration in Russia, Brazil and Mozambique are US$3.8 million and US$3.5 million respectively
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A look at the week's main events in the small-cap mining sector
Signs of life in the diamond market, but we’re not out of the woods yet
Diamond company shares are bumping along at multi-year lows
Big find for Gem Diamonds
Gem Diamonds is now only capitalised at around £85mln
BlueRock says production not materially affected, following peaceful demonstration at Kareevlei
BlueRock is likely to boost employment in the area as plans to optimise the resource progress
Petra Diamonds shares slide despite production improvements
Production increased by 2.5% but revenues fell 6% due to lower diamond prices and an adverse mix of diamonds
BlueRock Diamonds turns profitable, as revenues rise by 190%
BlueRock also said that current production remains on track to meet targets
Vast Resources releases interim results for ‘critical period’
For the six months to 31 October, the mining firm reported a loss after tax of US$3.5mln, 36% less than a year ago
Gemfields Group to return to London through AIM listing
Gemfields operates and has a controlling 75% interest in the Kagem emerald and MRM ruby mines while it also owns the Faberge brand.
Dunnedin Ventures makes exciting new discovery at MPD copper-gold project
The new Gate Zone has the highest-grade porphyry copper-gold mineralization reported in drill core from the project to date
Lithoquest Diamonds says no diamonds were recovered from 1805 and 1826 kimberlites at North Kimberley
Kimberlite is the name given to igneous rock, which sometimes contains diamonds