Market eyes rate cut
Denver — The Dow Jones industrial average climbed 231.39 points, or 2.2%, to 10,881.20 during the report period ended Jan. 30, in anticipation of the 0.5% interest rate cut by the U.S. Federal Reserv…
De Beers Consolidated Mines Limited
De Beers homes in on diamond retail market
Diamond kingpin De Beers Consolidated Mines (DBRSY-Q) is teaming up with France’s LVMH Moet Hennessy Louis Vuitton to form an independently managed company that will develop and sell De Beers’ branded…
Darnley Bay gears up for major program
The coming year promises to be a busy one for Darnley Bay Resources (DBL-V) as it continues to search for deposits of copper, nickel, platinum group elements (PGE) and diamonds in the Inuvialuit settl…
SouthernEra beefs up management, reduces debt
In a move aimed at strengthen- ing its operations, SouthernEra Resources (SUF-T) has appointed two South African miners to run the company.SouthernEra has been searching for new chief executive and op…
Gold shines through auction
Denver — The Dow Jones industrial average was quiet during the report period ended Jan. 23, moving down 9.85 points, or 0.1%, to 10,649.81, while spot gold perked up to US$266.10 on the Comex divisio…
Global giants get boost from platinum, diamonds
Until about five years ago, London’s mining giants could only watch in envy as investors paid hefty premiums for shares of much smaller companies listed on North American exchanges. London’s mining se…
Diamondex to begin program
An exploration program by Diamondex Resources (DSP-V) will focus on several properties in the Northwest Territories, though the company also plans to evaluate diamond projects elsewhere in Canada and …
Analysts select 10 juniors
Times have been tough for the mining sector these past three years. Liquidity remains a critical problem, with speculative investors nibbling selectively at drill hole stories but, for the most part, …
Trivalence continues streak
Contributions from the recently opened Palmietgat mine in South Africa have enabled Trivalence Mining (TMI-V) to chalk up its sixth straight increase in quarterly diamond production.Trivalence owns a …
Diamond exploration heats up in Manitoba
An area of northeastern Manitoba, between Lake Winnipeg and Hudson Bay, has been quietly garnering the attention of the major diamond explorers, including De Beers Consolidated Mines (DBRSY-Q), BHP (B…
Rate cut can’t stop slide
Denver — The sudden interest rate cut by the U.S. Federal Reserve put a charge into the market on Jan. 3, only to see record-setting gains evaporate. The market finished the report period ended Jan. …
SouthernEra sells flow-through shares
Toronto-based SouthernEra Resources (SUF-T) has raised $1.65 million for domestic exploration.The company issued 733,333 units at $2.25 apiece, or roughly 18% above its current share price. Each unit …