Stellar Diamonds study burnishes Sierra Leone project's credentials
Tongo has the potential to generate early cash flow for a modest initial investment.
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Tongo has the potential to generate early cash flow for a modest initial investment.
The miner said cost control and operational efficiency would be its "ultimate focus" for the second half of 2015
The Sierra Leone and Guinea diamond miner also intends to restructure its share capital.
Kagem had its second highest production quarter since Gemfields took control of in 2008.
The approval paves the way to building the mine - Paragon is currently holding serious discussions with potential funders.
Diamondcorp is tunnelling to open up the UK4 block.
Probable reserves, which carry a higher degree of certainty, were 432mln carats of ruby and corundum.
Mothae is near to Paragon’s own Lemphane kimberlite and the plan is to develop the two mines in tandem.
Firstone Diamonds is exiting Botswana to focus solely on its flagship Lesotho mine.
Richland’s new online platform richlandgemstones.com has now been launched.
South Africa-focused miner Diamondcorp revealed it had raised the maximum under its open offer and placing at £5.27 million to advance the economics of the Lace mine.
Combined annual revenue could be approximately US$160mln and profits approximately US$97mln, said the company.
It appears Firestone underestimated the amount of earth that need to be shifted at Liqhobong.
A product display and education session will now be held at the Hong Kong Jewellery this month.
In total, the auction raised US$29.3mln with an average carat price of US$617.
The Mothae deal is currently awaiting approval from the Lesotho Ministry of Mines.