Diamondcorp completes £4mln placing ahead of Lace ramp-up
The placing price of 6p was an 18% discount to the close on Wednesday
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Diamonds & gemstones
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Diamondcorp amends IDC loan terms, launches £4mln placing
Miner expects to be cashflow positive from third quarter of 2016
More record prices for gems following Gemfields' recent auction success
The news is a continuation of the trend seen by coloured gem specialist Gemfields
Petra Diamonds and partner buy Kimberley mines from De Beers
Petra will take a 49.9% stake while Ekapa, which will run the site, will own the rest.
Richland Resources plans hlgh quality auction as sapphire production climbs
Target of 250,000 carats at a size above 4mm already exceeded
Stellar Diamonds applies for large scale permit at Tongo
Karl Smithson, Stellar’s chief executive, said the two applications marked key milestones as it moves from explorer to miner.
Stellar Diamonds upbeat despite softer stone prices
In November, Stellar raised £1.26mln to advance its plans at Baoule and also at Tongo in Sierra Leone.
Gemfields flourishes as coloured gems market revives
Gemfields has gone from strength to strength since Ian Harebottle took the reins six years ago
Gemfields rises after sparkling auction results
The first auction of Kagem minerals outside Zambia since June 2012 has been very successful.
DiamondCorp back on track
Resumption of development work on the 290m level began two-weeks earlier than envisaged.
Paragon Diamonds suspended over funding uncertainty
Paragon has to repay a £500,000 short-term loan by 18 November
Stellar Diamonds to use bridge loan to restart at Baoulé
Funds will tide it over while it finalises a share and convertible loan issue
DiamondCorp chief: Newly commissioned conveyor belt a 'game changer'
The belt is able to carry double the current capacity of the processing plant, which gives management plenty of headroom to increase underground mining.
Stellar Diamonds hails Sierra Leone's great achievement
Sierra Leone has conquered the Ebola virus, while cases are dwindling in Guinea
Gemfields reveals “very positive start” to financial year
The first quarter trading update has revealed an improved performance at the Kagem emerald mine and rising sales at the Fabergé jewellery business.
Diamondcorp sanguine despite four-month delay
Poor ground conditions have resulted in a slight delay to Diamondcorp's development plans, but chief executive Paul Loudon is confident the problems have been overcome
DiamondCorp holds positive talks after teething problems at Lace mine
Challenging conditions have put back the blasting of what’s called a slot drive that will give it access to the initial diamond-bearing material.
Stellar Diamonds set to bring in £1.26mln for working capital
Stellar Diamonds is to bring in around £1.26mln net via a convertible loan note agreement and subscription deal, which will be used for ongoing working capital, it said, as it unveiled a big reorganisation of its shares.
Fabergé takes prize at the 'Oscars' of global watch industry, says Gemfields
A ladies' Fabergé watch has walked away with a prestigious Swiss watchmakers industry prize, revealed Gemfields (LON:GEM), which owns the luxury jewellery business.
Paragon Diamonds could be major player, says Allenby
At full production, Paragon Diamonds' two mines in Lesotho would be comparable to Gem Diamonds' nearby world-class Letseng mine - at over 100,000 carats a year, says Allenby Capital.