Editorial: De Beers’ US$500M Bailout
The seventh trading week of 2009 closed out with news of profound cash-flow problems at the iconic diamond miner De Beers, underscoring the global collapse in demand for luxury goods such as diamonds.
Diamonds
Peregrine Picks Up Land Surrounding Chidliak
Peregrine Diamonds (PGD-T, PGDIF-O) is more than doubling its prospecting rights on Baffin Island, Canada’s newest diamond district.
Peregrine Diamonds buys land surrounding Chidliak
Peregrine Diamonds (PGD-T) is more than doubling its prospecting rights on Baffin Island, Canada’s newest diamond d…
Tanzanian Royalty Strikes Deal With Kazakh Africa
Tanzanian Royalty Exploration Corp.’ s (TNX-T, TRE-X) shares climbed 5% to $4.39 per share following news it had signed an agreement with Kazakh Africa Mining involving its diamond licences in the Mwa…
Tanzanian Royalty strikes deal with Kazakh Africa Mining
Tanzanian Royalty Exploration Corp.’s (TNX-T, TRE-x) shares climbed 5% to $4.39 per share following news it had sig…
Shore Gold Pushes Ahead With Reduced Budget
VANCOUVER–Canadian diamond explorer Shore Gold (SGF-T, SHGDF-O) is planning to spend a pared-down $18 million on its Saskatchewan diamond projects this year, focused on preparing a prefeasibility stu…
Monument Starts To Sparkle For New Nadina
VANCOUVER — Drill results from the Monument diamond project in the Northwest Territories point to the possibility of finding sizable stones, say its joint-venture owners.
Cost-Cutting Delays Rio Tinto’s Move Underground At Diavik Until Q3
In December, Rio Tinto (RTP-N, RIO-L) said it would cut jobs and spending and sell non-core assets to manage its roughly US$39-billion debt load and the aftershocks are being felt everywhere — includ…
BRC scales back to preserve cash
Sustained lower prices for diamonds and the deepening economic downturn have led BRC DiamondCore (BCD-T, BCD-J) to …
Shore Gold pushes ahead with reduced 2009 budget
Vancouver – Canadian diamond explorer Shore Gold (SGF-T) is planning to spend $18 million in 2009 in a significan…
Monument starting to sparkle for New Nadina and partners
Vancouver – Drill results from the Monument diamond project in the Northwest Territories have its joint-venture own…
Mexivada Signs Diamond Deal In Sierra Leone
The 968-carat “Star of Sierra Leone” diamond was discovered in 1972 — just a few miles north of where Mexivada Mining (MNV-V, MXVDF-o) will soon start its alluvial diamond mining operations.