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…
Diamonds
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.
Editorial: Nickel Cuts Hit Home
The steep fall in nickel prices since July finally translated into production cuts by the majors in Canada’s nickel camps during the week ended Dec. 6, the 49th trading week of 2008.
Mexivada starts artisanal diamond mining in Sierra Leone
The 968-carat “Star of Sierra Leone” diamond was discovered in 1972 — just a few miles north of where …
Diamonds In For A Rough Ride, But Future’s Still Brilliant
Saskatoon, Sask. — As diamond producers and explorers alike consider the global financial situation, they know they are in for a rough ride. However, even before the financial crisis hit, most in the…
Vaaldiam Looks To ‘Stop The Bleeding’
Vaaldiam Resources (VAA-T, VAAFF-o) says the world financial crisis and a 25% drop in rough diamond prices since September have forced it to shut down its Duas Barras alluvial diamond mine in Minas Ge…