BHP acquires Dia Met, boosts stake in Ekati
Having acquired 98.2% of Dia Met Minerals’ (DMM-T) Class A subordinate voting shares and 84.9% of its Class B multiple voting, Australia’s BHP (BHP-N) has further extended its $687-million takeover of…
Ekati Diamond Mine
Drilling sizes up Knife
Drilling has cut wide zones of kimberlite at the newly discovered Knife pipe, 80 km south of Coronation Bay in Nunavut.De Beers Canada Exploration, which can earn a 70% interest in the project from Rh…
Aylmer Lake find proves diamond-bearing
A narrow kimberlite dyke discovered during spring drilling on the Aylmer Lake West property in the Northwest Territories has yielded an encouraging number of microdiamonds.A 1.6-metre-thick interval o…
Shear cuts narrow dyke
Drilling by Shear Minerals (SRM-V) on the Aylmer Lake West property in the Northwest Territories has culminated in the intersection of a narrow kimberlite dyke.Three lake-based targets identified from…
Diamondex uncovers kimberlite at King
Diamondex Resources (DSP-V) is adding a third rig to its wholly owned King property in the Northwest Territories, where a $2.7-million program is testing a possible downdip extension of the Snap Lake …
Diamondex to begin program
An exploration program by Diamondex Resources (DSP-V) will focus on several properties in the Northwest Territories, though the company also plans to evaluate diamond projects elsewhere in Canada and …
BHP identifies 22 targets in Lac de Gras area
BHP Diamonds, a division of Australia-based BHP (BHP-N), has identified 22 potential kimberlite targets on the DHK and WI joint-venture claim blocks in the Lac de Gras area of the Northwest Territorie…
Year is capped by Aber’s sale of Snap Lake to De Beers
Aber Diamond (ABZ-T) has agreed to sell its 32.24% interest in the promising Snap Lake project to South Africa’s De Beers Consolidated Mines (DBRSY-Q) for $173 million.The move came just days after Lo…
MM2000 highlights industry successes and challenges
Mining Millennium 2000 was every bit the grand convention and trade show that its organizers — the Prospectors & Developers Association of Canada (PDAC) and the Canadian Institute of Mining, Metallur…
Deal paves way for Diavik diamond mine
Vancouver — An agreement has been reached among local native leaders, the federal government and Diavik Diamond Mines regarding the environmental reclamation bond and other land-use issues affecting …
Marlene Fipke takes control of Dia Met
As part of a $120-million divorce settlement, Charles Fipke has agreed to transfer all his shares in Dia Met Minerals (DMM-T) to his former wife. The agreement makes Marlene Fipke the largest single s…
INVESTMENT COMMENTARY — Dia Met gets nod for strong financial performance
Having completed the transition from explorer to producer, Dia Met Minerals (DMM-T) is getting attention from mining analysts for the strong performance of the Ekati diamond mine in the Northwest Terr…