De Beers drill-tests Navigator’s LDG Tiberon
The Canadian exploration arm of De Beers Consolidated Mines (DBRSY-Q) is preparing to drill-test several targets at the LDG (formerly Thor) project in the Lac de Gras area of the Northwest Territories…
De Beers Consolidated Mines Limited
Dow, gold continue climb
Denver — The Dow Jones industrial average climbed 113.99 points, or 1.1%, during the holiday-shortened report period April 11-17 to close at 10,216.73.Comex spot gold on the New York Mercantile Excha…
Trivalence boosts output
Vancouver — The first quarter of 2001 was a good one for Trivalence Mining (TMI-V): diamond production at its two African operations increased 72% over the comparable period last year.Driving the inc…
Kat kimberlite proves diamondiferous
Winter drilling on the Kat diamond joint-venture project in the Attawapiskat region of northern Ontario has drawn to a close.Navigator Exploration (NVR-V) tested 10 geophysical targets in a program sp…
Dow clears 10,000 again
Denver — The Dow Jones industrial average rallied 617.03 points, or 6.5%, in the report period ended April 10, after a disastrous previous week, to close at 10,102.74.Mining issues were dragged along…
Nasdaq takes yet another tumble
Denver — After a brief respite, the Dow Jones industrial average continued its downward spiral during the report period ended April 3, tumbling 461.83 points, or 4.6%, to 9485.71. Meanwhile, the Nasd…
Mining mergers assume ‘victim or vulture’ theme
As mining deals get bigger and the pace of consolidation accelerates, the emerging trend might best be described as “victim or vulture,” says London-based analyst Jack Jones of CIBC World Markets.”Thi…
Dow makes strong comeback
Denver — The Dow Jones industrial average bounced back after a disastrous week, climbing 226.78 points, or 2.3%, to finish the report period ended March 27 at 9947.54.All this meant little to the pri…
Klipspringer moves forward
SouthernEra Resources (SUF-T) has inked a new deal with partners De Beers Consolidated Mines (DBRSY-Q) and an affiliated black empowerment group in order to advance the Klipspringer diamond project in…
Radius among few bright spots in gloomy week
Vancouver — The Canadian Venture Exchange finished the report period ended March 27 lower at 2,988.71, off 23.76 points, or 0.8%. The mining index lost 97.07 points, or 1.6%, to close at 6,074.70.Rad…
New Mooikloof target for De Beers, Vaaldiam
Sampling on three follow-up grids by Vaaldiam Resources (VRL-V) has turned up a new kimberlite target on the Mooikloof property, situated along South Africa’s border with Botswana, about 350 km north …
PDAC outlook: diamonds and PGMs lead way in today’s marketplace
Diamonds and platinum group metals (PGMs) took centre-stage during a round-up of metals and minerals markets at the annual convention of the Prospectors & Developers Association of Canada, held recent…