CDNX bolstered by rate slash
Vancouver — Canada’s junior exchange rallied in light of another cut in U.S. interest rates. The resource indices led the way as the Canadian Venture Exchange composite index tacked on 31.44 points, …
De Beers Consolidated Mines Limited
Aber to enter exclusive ranks of diamond producers
Lac de Gras, N.W.T. — Ten years after Charles Fipke’s milestone diamond discovery in the Northwest Territories, the only major Canadian player left in the wake of recent acquisitions and consolidatio…
SouthernEra expands PGM portfolio
In South Africa, SouthernEra Resources (SUF-T) has nabbed another 9 km of the Bushveld’s UG2 and Merensky reefs, which, combined, host the world’s largest platinum deposits.SouthernEra currently explo…
De Beers to test unusual diamond occurrence at Festival
The Canadian exploration division of De Beers Consolidated Mines, now a subsidiary of Anglo American (AAUK-Q), will process a 100-tonne sample from the Cristal showing on the Festival diamond property…
Majescor aims drills at Wemindji
Vancouver — A series of financings has paved the way for Majescor Resources (MAJ-V) to ramp up exploration at two promising diamond properties in northern Quebec.The non-brokered private placements t…
Klipspringer produces early
Diamond production has begun on the newly commissioned no. 4 level at SouthernEra Resources’ (SUF-T) Klipspringer diamond mine in South Africa, some six months ahead of schedule.SouthernEra now estima…
FPO Production from Snap Lake project delayed until 2006
A depressed rough diamond market has given De Beers cause to push back production from the Snap Lake underground diamond project in Canada’s Far North until 2006, more than a year longer than was orig…
Ashton discovers kimberlite south of Coronation Bay
A decision by Northern Empire Minerals (NEM-V) to fund its share of drilling on the Kikerk Lake diamond joint-venture project has paid off with the discovery of a new kimberlite body, dubbed Potentill…
Tahera options Jericho project to Kennecott Canada
A series of restructuring moves is enabling Tahera (TAH-T) to step up exploration of its extensive landholdings in the Northwest Territories and Nunavut.In the latest development, the junior optioned …
Falco, De Beers study Gope
Having bought some time by securing a 3-year retention licence for the Gope diamond project in the central Kalahari district of Botswana, equal joint-venture partners Falconbridge (FL-T) and De Beers …
Russians step up pressure on Archangel
Denver — LUKoil, Russia’s largest oil company, is pressuring Archangel Diamond (AAD-V) to sign a document terminating all rights to the Verkhotina diamond licence in northern Russia.Archangel was giv…
Hunt heats up in Quebec
Ashton Mining of Canada (ACA-T) is preparing to drill-test several targets this fall at its Otish Mountains joint-venture project in north-central Quebec.Ashton flew a geophysical survey over the Otis…