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Rapaport Diamond Industry Stock Tracker
The following lists diamond-industry public companies and their share price changes for the week that ended on July 2 at 4 p.m. July 2 June 25 Chng. $1 = Euro 0.903 0.893 0.010 $1 = Rupee 63.39 63.57 -0.2...
Financial-Legal Jul 02, 2015 Rapaport News
Ellendale Mine
Kimberley Diamonds Suspends Ellendale Operations
Kimberley Diamonds Ltd. placed its subsidiary, Kimberley Diamond Company (KDC) Pty., which operates the Ellendale diamond mine, into voluntary administration and suspended the mine's operations. The company made a point to state...
Mining Jul 01, 2015 Jeff Miller
Namdeb CEO Leaves Post for Government Position
Inge Zaamwani-Kamwi, the CEO of Namdeb Holdings, will leave her post at the end of July, the company announced. Namdeb, which is the diamond mining joint venture between De Beers and Namibia, added that it will...
Mining Jul 01, 2015 Ronen Shnidman
Kimberley Diamonds Receives $5M Funding for Lerala Mine
Kimberley Diamonds Ltd. received $5 million under the terms of a loan agreement for $10 million with Zhejiang Huitong Auction Co. Ltd. of China to finance the Lerala diamond mine in Botswana. The junior miner expects...
Financial-Legal Jun 30, 2015 Jeff Miller
Paragon Diamonds Project
Paragon's Loss Widens, Revenue Target for 2015 is $36M
Paragon Diamonds Ltd. generated a $16 million (GBP 10.3 million) loss in the fiscal year that ended on December 31, up from a loss of just $2 million in 2013. The company recorded a $14.5 million non cash impairment...
Financial-Legal Jun 29, 2015 Jeff Miller
Alluvial Mining Rough
U.S. Human Rights Report Notes Child Labor in Many Diamond Regions
Forced child labor and abuse and violence against women were the most common human rights violations related to diamond mining in 2014, according to the U.S. State Department. John Kerry, the U.S. Secretary...
Mining Jun 26, 2015 Jeff Miller
Murowa Mine
Rio Tinto Exits Zimbabwe
Rio Tinto sold its 78 percent stake in Murowa Diamonds and its 50 percent share of Sengwa Colliery Ltd. for an undisclosed sum to RZ Murowa Holdings Ltd. of Zimbabwe. RioZim Ltd., which is an independent mining company in Zimbabwe, holds...
Mining Jun 26, 2015 Jeff Miller
Kennady Diamonds Reports Sample Grade From Kelvin Winter Drill Program
Kennady Diamonds Inc.'s recovery results from the Kelvin winter core-drilling program returned a sample grade of 2.74 carats per tonne of ore out of kimberlite from the Kelvin North Lobe. The samples were processed...
Mining Jun 22, 2015 Jeff Miller
Paragon Preps Share Buyback, Seeks Immediate Mothae Acquisition
Paragon Diamonds Limited raised $794,000 (GBP 500,000) in unsecured debt financing from an investment company to initiate a share buyback program and to support working capital needs as the junior mining company awaits approval to acquire the...
Financial-Legal Jun 19, 2015 Jeff Miller
Stornoway's Renard Construction Progress Ahead of Plan in 4Q
Stornoway Diamond Corporation closed its fourth quarter on April 30 with cash, cash equivalents and short-term investments of $363.6 million, compared with $27.4 million one year earlier. Current cash resources are sufficient to cover...
Financial-Legal Jun 18, 2015 Jeff Miller
Gope, Botswana
Botswana Diamonds Identifies 'Strong Anomaly' on Orapa License 210
Sunland Minerals, a joint venture between Botswana Diamonds and ALROSA, completed a round of fieldwork on prospecting licenses (PL) 206 to 210 in the Orapa region of Botswana. Work on the ground comprised of heavy concentrate sampling of soil and...
Mining Jun 18, 2015 Jeff Miller
star orion
Shore Gold Completes Drilling Program at Star-Orion South
Shore Gold Inc. completed core and large-diameter drilling programs on the Orion South kimberlite ahead of schedule. The core drilling team intersected 1,208 meters of Early Joli Fou (EJF) and Pense kimberlite, which...
Mining Jun 17, 2015 Jeff Miller
Mustang Resources Recovers Diamonds in Mozambique
Mustang Resources Ltd. recovered 16 gem-quality rough diamonds from a pit sampling program at its Save River diamond project in Mozambique, downstream from Zimbabwe's Marange diamond fields. The program, which began on March 23, led...
Mining Jun 16, 2015 Jeff Miller
arctic star
Shore Gold Raises $2M in Private Placement
Shore Gold Inc. raised $2 million at the close of its private placement of 10 million units at 20 cents each. Each unit consisted of one common share and one common share purchase warrant, whereas each warrant entitles...
Financial-Legal Jun 15, 2015 Jeff Miller
Petra Diamonds Anticipates Lower Revenue for FY 2015
Petra Diamonds Ltd. reiterated its production target of 3.2 million carats for the fiscal year that ends on June 30 and it remains on target to achieve 5 million carats by 2019, according to a market update that was filed...
Mining Jun 12, 2015 Jeff Miller
north arrow
Qilalugag Sample Returns Valuation of $36 Per Carat
North Arrow Minerals Inc. confirmed that a parcel of 383.55 carats recovered from a bulk sample at the Qilalugaq diamond project returned a value of $36 per carat and a modeled range "possible low" of $43 per carat...
Mining Jun 09, 2015 Jeff Miller
namibia  marine
Diamond Fields Restarts Offshore Operations in Namibia
Diamond Fields International Ltd. resumed offshore operations at its Namibian diamond concessions through a joint venture with International Mining and Dredging South Africa (Pty.) Ltd., a subsidiary of International Mining and Dredging Holdings Ltd....
Mining Jun 05, 2015 Jeff Miller
Lace mine
DiamondCorp Raises $5M, Proposes Another $3M Placement
DiamondCorp's placement of 31,837,000 new ordinary shares resulted in proceeds of approximately $4.9 million (GBP 3.18 million). The placement, which was oversubscribed, was undertaken with a range of new and existing institutional and private investors...
Financial-Legal Jun 05, 2015 Jeff Miller
Weak Ruble Boosts ALROSA Revenue, Profit in 1Q
ALROSA reported that revenue and profit jumped in the first quarter of 2015, despite prevailing weak market conditions, as the mining company benefited from the sharp depreciation of the Russian ruble against the U.S....
Mining Jun 04, 2015 Avi Krawitz
Tiffany & Co., Leber Jeweler, Brilliant Earth Sign Letter Defending Marques de Morais
A number of supporters of journalist Rafael Marques de Morais, including Tiffany & Co., Leber Jeweler Inc. and Brilliant Earth, signed a letter to Angola's President José Eduardo dos Santos urging him to drop a six-month suspended sentence...
Rough Markets Jun 03, 2015 Jeff Miller
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