Partners boost grade
Preliminary production off the coast of Namibia is turning up higher grades for partners Diamond Fields International (DFI-T) and Trans Hex Group of South Africa.The partners report that recent survey…
Diamond Fields International Ltd
Black Swan executive trims stock holdings
Recent insider trading transactions reported by the Ontario Securities Commission in its OSC Bulletin include the following:- Black Swan Resources (BSW-T) — Kenneth Judge, director and owner of more …
UK gold auction gives producers a lift
Hammered by poor showings in the industrial products sector, the Toronto Stock Exchange 300 index tumbled 189.63 points over the five trading days to end the July 4-10 period at 7,558.69.Gold dropped …
Gold rally fizzles (sigh)
Gold bugs had little time to celebrate during the May 23-29 report period, as the mid-May gold rally quickly fizzled after a few exhilarating days. Coming off an earlier peak exceeding US$290 per oz.,…
Namco calls shareholders to a vote
Namibian Minerals (NMR-T) is a step closer to raising US$15 million, having inked marketing and financing contracts with the Leviev Group of Israel.The deals, aimed at preventing the company’s liquida…
Namco wards off liquidators
Namibian Minerals (NMR-T) has raised US$9.4 million in a private placement and brokered a long-term marketing agreement to ward off bankruptcy.The company was forced to halt its marine diamond product…
Diamond Fields, Trans Hex join forces in Namibia
Circumventing the need for financing, Diamond Fields International (DFI-T) has teamed up with South African miner Trans Hex Group to exploit the junior’s marine diamond property, off the coast of Nami…
Precious metals producers sputter as prices sag
Gold prices fell back into the low US$260s in London during the Feb. 28-March 6 report period following a mid-February rally that saw prices shoot up from US$256 to US$268 per oz.There was a dearth of…
Diamond Fields begins study
Diamond Fields International (DFI-T) is advancing its marine diamond concessions near Luderitz, Namibia, to the stage of final feasibility study.As part of the study, U.K.-based Seacore, a British mar…
MINING MARKETS & INVESTMENT NEWS — EASTERN MARKETS — TSE rises as gold producers suffer second auction
The Toronto Stock Exchange 300 index rose 79.59 points during the report period Sept. 8-14, ending at 7,138.09.Resource stocks were mixed, with base metal miners gaining ground and gold producers losi…
Sea’s bounty focus of conference
The Underwater Mining Institute will hold its annual conference from Oct. 21 to 24 at the Days Inn in downtown Toronto.Technical sessions will feature discussions of diamond and metal recovery from th…
DIAMOND PAGE — Diamond Fields sampling concessions in Namibia
Unlisted Diamond Fields International will use part of a US$3-million financing to conduct a sampling program at its diamond concessions in Namibia.The work will be financed with proceeds from a priva…