Editorial: Gold juniors thwacked
Crumbling faith in U. S. credit markets loomed large over the wider markets during week ended Sept. 13, the 37th trading week of 2008.
De Beers Consolidated Mines Limited
Canada Nickel to option ‘Ring of Fire’ property from Diamondex
Privately held Canada Nickel Corp. has signed an option agreement with Diamondex Resources (DSP-V, DMDXF-O) to earn up to a 51% interest in the James Bay lowlands nickel project, in northern Ontario.
Gahcho Ku JV yields 25-carat diamond
Mountain Province Diamonds (MPV-T, MDM-X) and joint-venture partner De Beershave found a 25.13- carat gem-quality diamond at their Gahcho Ku diamond project in Canada’s Northwest Territories.
Fiesta’s over in Ecuador
The chaotic unravelling of Ecuador’s mineral exploration scene dominated talk in global mining circles during the week ended April 19, the 16th trading week of 2008.
Novel geophysics technology identifies deep drill targets in Athabasca
Two of the Athabasca basin’s junior explorers have made a significant advance in geophysics that could aid exploration for deep deposits. And the implications of the technology — which uses electric …
Snowfield tumbles on Ticho diamond results
VANCOUVER–Four tiny diamonds failed to impress Snowfield Development (SNO-V, SWFCF-O) investors, sending the company’s share price down 59% in recent trading.
Staking continues apace in ‘Ring of Fire’
The Noront Resources (NOT-V, NOSOF-O) base metal discovery has spawned a staking rush in the swampy lowlands of northeastern Ontario, just southwest of James Bay. As of mid-February, juniors had stake…
De Beers takes US$965M hit for Snap Lake
Capital cost overruns at De Beers’ Snap Lake diamond mine in the Northwest Territories forced the company to take a US$965-million impairment charge in its 2007 yearend results.
South African power crisis shuts down mines (January 25, 2008)
Vancouver – A nationwide energy crunch in South Africa has hit the country’s powerful mining sector hard with its m…
Petra Diamonds group to buy De Beers’ Cullinan mine
Vancouver — Petra Diamonds (PDMDF-O, PDL-L) is leading a group planning to buy the Cullinan diamond mine in South Africa from De Beers for 1 billion rand (US$149 million).
‘Dark clouds’ over Tahera
Tahera Diamond’s (TAH-T, TAHEF-O) future appears about as grim as the company’s books, which have been saturated in red ink since commercial production began at its Jericho diamond mine, in Nunavut, i…
Siberian Diamonds Chases Next Big Russian Find
Paul Sobie has spent a good amount of time looking at diamond projects.