Tough year for De Beers
Diamond producers were faced with a challenging rough market in 2006, however, demand at the retail consumer level remained solid across the world, with an estimated growth of somewhere between 4% and…
De Beers Canada Inc
Suppliers News (January 29, 2007)
BioteQ heads Down Under
A little rough
Strapped for cash, Tahera Diamond (TAH-T) is counting on a $30-million private placement from Teck Cominco (TCK.B-T, TCK-N) to help stem the tide while it attempts to right the underperforming Jericho…
Teck Cominco putting $30 million into Tahera
Vancouver — Teck Cominco (TCK.B-T, TCK-N) plans to take down a $30-million private placement financing in Tahera D…
Gahcho Ku on path to production in 2012
With the Snap Lake underground mine in the Northwest Territories and the Victor open-pit operation in northern Ontario already under construction, De Beers, the world’s leading diamond player, is look…
De Beers Disposes of Interest in Saskatchewan Diamond Play
De Beers, the world’s leading diamond player, is selling its entire 42.25% interest in the Fort la Corne (FalC) diamond project in Saskatchewan to Shore Gold (SGF-T, Shgdf-O) for $180 million in cas…
Strong retail demand offsets challenging rough diamond market
Despite difficult trading conditions in the rough diamond market during the first half of 2006, demand for diamond jewelry at the retail consumer level has remained vibrant, with an estimated growth o…
Nunavut’s Pelly Bay area shows diamond potential
A new kimberlite camp is emerging in the Canadian Arctic as Indicator Minerals (IME-V) has discovered several large, pipe-like kimberlite bodies during a summer drilling campaign on the Darby project…
Forest Gate shares jump on discovery of kimberlite extension
News that Forest Gate Resources (FGT-V) intersected kimberlite at its West Side property near Prince Albert, Saska…
Jericho — Canada’s newest diamond producer
During the first quarter of 2006, Tahera Diamond (TAH-T) completed construction of its wholly owned Jericho diamond mine in Nunavut and began producing rough diamonds….
De Beers FalC appeal dismissed
The Court of Appeal for Saskatchewan has upheld an earlier ruling that a voting agreement between Shore Gold (SGF-T…
Pure Gold and De Beers ink “High Arctic” diamond deal
Vancouver – With a new president at the helm and a financing in the works, Pure Gold Minerals (PUG-T) has signed a…