Fluor Awarded Debswana Contract for Diamond Mine Expansion in Africa
Fluor Corporation announced that the company won an engineering, procurement and construction management (EPCM) contract from Debswana Diamond Company Ltd, a joint venture of the Government of Botswana and De Beers, to execute the Jwaneng Cut 8 mining project in Botswana. After successfully completing the feasibility study for Debswana earlier in 2009, Fluor was awarded the procurement and construction...
Dolat Ventures Inc. Reports Rough Diamond Prices on the Rise
Dolat Ventures Inc. announced that its subsidiary Dove Diamonds & Mining reports that Diamonds prices are up 61% from a Q1 bottom according to Harry Winston Diamonds CEO Robert Gannicott. Mr. Dovid Hauck, Chief Executive Officer of Dove Diamonds & Mining Inc. agrees with Mr. Gannicott who stated, “Rough diamond prices have improved by at least 61% from the lows experienced at the weakest...
Harry Winston Diamond Corporation announces Diavik Diamond Mine cancels winter production shutdown
Harry Winston Diamond Corporation announce Diavik Diamond Mines Inc.’s decision to cancel a winter production shutdown at the Diavik mine in Canada’s Northwest Territories. Earlier this year, Diavik had announced a series of actions in response to changes in market conditions, including plans for a summer and winter production shutdown. The summer shutdown was safely and successfully concluded...
Afri-Can Marine Minerals: Diamond Sampling Vessel Departs Cape Town
Afri-Can Marine Minerals Corporation a Canadian company, actively involved in the acquisition, exploration and development of major mineral properties in Namibia has been informed by International Mining and Dredging Holding Ltd. (IMDH) that the contracted diamond sampling vessel MV DP The Explorer has left Cape Town, South Africa, for the port of Walvis Bay in Namibia. IMDH will then conduct deep...
Douglas Lake Minerals Announces An Agreement With Midex Gold Corp. On the Magembe Diamond Property
Douglas Lake Minerals Inc. announces that, effective on August 13, 2009, the Company entered into an Agreement (the “Agreement”) with Midex Gold Corp. (“Midex”) on the Magembe diamond property in the Shinyanga district of Tanzania. The Magembe diamond property comprises a total area of 46 square kilometers directly adjacent to the eastern, northern, and western boundaries of...
Midex to Confirm That Phase One Exploration Yielded 41 Diamonds and Diamond Cleavages
Midex Gold Corp., announced the company will review the gemological results which confirmed the presence of diamondiferous alluvial gravels from the Magembe diamond property in the Shinyanga District of northwestern Tanzania. “The objective is to evaluate indicated diamond potential from both alluvial and kimberlitic sources,” stated Morgan Magella, president of Midex. REVIEW OF PHASE ONE...
Midex Reviews Phase One Exploration at Magembe Diamond Project, Tanzania
Midex Gold Corp., announced it will be the Phase One exploration at the company’s Magembe Diamond Project located in the Shinyanga district of northwestern Tanzania. The objectives for the first exploration program at Magembe was to confirm and evaluate indicated diamond potential from both alluvial and kimberlite sources. This program was followed up with reconnaissance scale exploration competed...
Dumont sells Utah properties for cash plus royalty
Dumont Nickel Inc. announce that it has concluded a sale of its Utah mineral properties and interests in the Clifton-GoldHill District to Clifton Mining Company (CFTN:USOTC) for USD$255,000 cash and a 0.5% net smelter return royalty against future production proceeds from certain parts of the properties. Dumont established the Utah Joint Venture in 2002 (announced December 18, 2002) with Clifton Mining...
KIG Mining Plc Announces That It Has Secured a 10 Million Line of Funding
Under an agreement signed on 7 July 2009, GEM Global Yield Fund Limited, the UK based private investment group, has agreed to provide KIG Mining Plc with €10 million over the next three years in the form of an equity line of credit. KIG will control the timing and maximum amount of any draw down under this credit line. On drawdown, KIG will issue ordinary shares to GEM Global at a price per share...
Trilliant Exploration Acquires Minority Stake in Global Diamond Resources, Plc
Trilliant Exploration Corp., a fully operational gold mining company with concessions in southern Ecuador, announced today that it has acquired a minority stake in privately held, Global Diamond Resources (GDR). The ?£1.5 million ($2.42 Million USD) investment was made by Trilliant Exploration’s wholly owned UK subsidiary, Trilliant Diamonds Ltd. Global Diamond Resources maintains a 93% interest...
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Philex Gold Receives Interim Order for Transaction With Philex Mining Corporation
Philex Gold Inc. announced that it has obtained an interim order from the Ontario Superior...
American Mining Corporation Signs LOI to Form Production Joint Venture on Terra Gold Project, Alaska
American Mining Corporation announce that it has signed a binding letter of intent to enter...
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