DiamondCorp sheds more on Lace's vital statistics - UPDATE
New studies on DiamondCorp's 74% owned Lace Mine in South Africa have updated resource figures for its main kimberlite pipe.
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New studies on DiamondCorp's 74% owned Lace Mine in South Africa have updated resource figures for its main kimberlite pipe.
The previous financial year was weighted to the first half, but this year will see a more even mix
Stellar Diamonds told investors a third diamond sale of stones from trial mining at the Baoulé kimberlite project in Guinea will take place next month.
For the three months to December 31, which counts as Gemfields’ second quarter, output from the flagship Kagem mine was up strongly, while costs on a per carat basis fell significantly.
The miner produced 720,000 carats in the three months to December
Interest in DiamondCorp, the company that owns the Lace mine in South Africa, is beginning to rise.
Chris Ellis has been hired as an independent non-exec director with effect from today at DiamondCorp (LON:DCP), the firm said....
The National Minerals Agency has received the application
DiamondCorp said ramp up to full production from the Upper K4 (UK4) Block is on track to achieve 30,000 tonnes per month by July this year and it is hoping for a new resource statement at its Lace mine in South Africa in the next few weeks.
The company found a 55-carat diamond at its 75% owned, five-hectare Baoulé kimberlite pipe
Sapphire miner Richland Resources evealed that non-exec director Nicholas Sibley has further increased his share interest in the firm.
A reminder that the company's previously announced decision to quit AIM has become effective today
Paragon said it will work towards a re-listing either on the junior bourse or main market as soon as is practicable after a cash injection is secured.
A total of 90,642 carats were sold, which was 98% of the lots by weight or 95% by market value, fetching US$317.92 per carat. Thirty six companies placed bids.
Underground production from the historic Lace Mine stopped in 1930.
Nicholas Sibley now owns 14.2mln Richland Resources shares, which amounts to 6.5% of the company.
The deal is such a logical one that Paragon is pressing on with it, despite the seller getting cold feet