Diamondcorp starts ball rolling on £2mln open offer
The offer follows a placing to raise just short of £3.2mln earlier this month.
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The offer follows a placing to raise just short of £3.2mln earlier this month.
Exiting Tanzania was major achievement said chief executive Bernard Olivier.
Gemfields shares advanced on Tuesday as the importance of its Montepuez deposit in Mozambique was underlined - with the discovery of what the miner called an "exceptionally rare" pair of matching rubies.
Deal with Acrux dropped as placing raises £3.18mln with open offer proceeds to come.
Richland Resources (LON:RLD) - One2One Investor Presentation 21st May 2015
First sapphire sales scheduled for late June to coincide with the Hong Kong Jewellery & Gem Fair.
Caledonia Mining, Arian Silver and Richland Resources presenting next week
Stellar Diamonds is advancing two diamond projects with multi-million carat potential to production in West Africa, with a focus on imminent trial mining at Baoulé to generate early cash flow.
Richland has switched its focus to rich blue sapphires in Queensland, Australia. Its Capricorn mine lies in a region that has historically been one of the biggest sapphire fields in the world.
The appointment of Philip Falzon Sant Manduca as chairman of Paragon Diamonds has led to a sparkling revival of the share price, which is up 72% since last August.
Diamonds and Lace sounds like the great lost Prince album, but it is actually a suitable description of the DiamondCorp story. The company will be ramping up production at its flagship Lace diamond mine soon and is targeting being cash flow
West Africa-focused Stellar Diamonds will sell a second batch of stones from its Baoule site in Guinea this month.
Paragon Diamonds has unveiled the acquisition of the diamond mine close to its Lemphane project in Lesotho. The US$8.5mln deal is described by Paragon’s chairman as re-rating and de-risking the company’s business model.