Rhonda raises $1.8m for diamond exploration
Determined to explore a large land position in the heart of the Coronation diamond district in Nunavut, Rhonda (RDM-V) has raised $1.8 million in a public financing arranged through Canaccord Capital …
De Beers Consolidated Mines Limited
JML targets Marten River for diamond potential
Spun off from Mustang Minerals (YMU-V), newly listed JML Resources (JJJ-V) is targeting the diamond potential of the Marten River area, near North Bay, Ont.The project comprises more than 2,400 claims…
De Beers saw diamond sales shrink in 2001
De Beers saw its profits halved in 2001 as the global economic downturn took its toll on rough diamond sales.The major’s core business is the mining and marketing of rough gem diamonds. Hampered by th…
Diamond find at Festival proves low grade
The largest diamond recovered from a 100-tonne test sample of the Cristal showing on the Festival diamond property held near Wawa, Ont., weighed just 0.18 carat.Property owner Pele Mountain Resources …
Low macro results won’t dissuade Ashton
A small surface sample of kimberlite float and outcrop collected by Ashton Mining of Canada (ACA-T) from the promising Artemisia kimberlite pipe discovered last fall on the Kim property in Nunavut has…
Block J reveals more gems (February 18, 2002)
An independent sampling program funded by Afri-Can Marine Minerals (AFA-V) and Woduna Mining Holding has recovered several more diamonds from the Block J marine concession in Namibia.De Beers Marine, …
De Beers gains patch on Baffin Island
News that the Canadian exploration division of De Beers has tied up more than 28,000 sq. km in prospecting permits across northern Baffin Island could put the spotlight on Twin Mining’s (TWG-T) Jackso…
Underground plan extends life of Argyle diamond mine
Despite the distinction of being the largest producer of diamonds by volume, churning out around one-quarter of the world’s supply, the Argyle mine accounts for an estimated market share of only 6% by…
Majescor raises funds to explore in Quebec
With diamond fever gripping Quebec, Majescor Resources (MAJ-V) has raised $900,000 from two private placements brokered by Dundee Securities.The private placements grossed $500,000 from the sale of 83…
Books uncover the dark underbelly of the diamond world
BOOK REVIEWS/VIRGINIA HEFFERNANDiamond: A Journey to the Heart of an ObsessionBefore Canadian juniors burst on to the scene a decade ago, the world of diamonds was cloaked in secrecy. The dis…
Mtn Province arranges financing
Low on cash, Mountain Province Diamonds (MPV-T) intends to raise just under a million dollars in a private placement of more than 1.9 million units priced at 50 apiece.A unit will consist of one shar…
Coronation pipes return strong counts
A new kimberlite camp is emerging some 50-120 km south of Coronation Bay in the northern Slave Craton region of Nunavut. Discoveries by Ashton Mining of Canada (ACA-T) and Kennecott Canada Exploration…