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Firestone Diamonds has completed its second sale this year in Gaborone, Botswana, and achieved a 42 percent rise in value for its diamonds compared to the previous tender in April.
After a year of solid progress at its key Lace mine in South Africa, DiamondCorp is revving up for a busy period ahead as it looks to take the promising asset to full production. Broker Fairfax is certainly upbeat about the company’s
Stellar Diamonds chief executive Karl Smithson said it is “highly encouraging” that the Droujba kimberlite in eastern Guinea extends to 388 metres and remains open at depth.
Stellar Diamonds’ £6.2 million cash call three months ago was a turning point for the company but one the market appears to have to have missed. The placing at 8 pence a share brought in a new cornerstone investor in Blackr
Daniel Stewart & Company (DS&C) has initiated coverage of Stellar Diamonds (LON:STEL) with a “buy” rating and a 15 pence target price, calling its projects “robustly profitable”.
Gemfields said this morning it had conditionally agreed to acquire a 75 percent stake in a Mozambique ruby deposit for US$2.5 million.
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