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Lucara Raises $60M to Develop AK6 and Mothae
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Lucara Diamond Corporation raised $60 million through a private placement, the company reported. Proceeds from the placement will be used towards the development of the AK6 diamond mine in Botswana and Lucara's Mothae mine...
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Mining
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Feb 15, 2011
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Deena Taylor
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Botswana Diamonds to List on AIM in January
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Botswana Diamonds expects to list on London’s Alternative Investment Market (AIM) in January 2011, company chairman John Teeling said. The listing is part Lucara Diamond’s agreement to takeover African Diamonds (AFD), which is expected to close in early January. Under the deal, Lucara gained full control of Botswana’s AK6...
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Mining
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Nov 28, 2010
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Avi Krawitz
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Lucara to Acquire African Diamonds for $80M
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Lucara Diamond Corp has agreed to buy African Diamonds (AFD) for $80.1 million in a deal that will allow both companies to benefit from the AK6 diamond deposit in Botswana.According to the agreement, shareholders will get...
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Mining
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Oct 04, 2010
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Deena Taylor
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Mining
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Jul 08, 2010
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Rapaport
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Rapaport Weekly Market Report 07/02/2010
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Between the LinesShow Time: Prices in Hong Kong Rise, But Not to the Level of Cutting CentersThere were mixed reports from the June Hong Kong Jewellery & Gem Fair 2010, with the overall feeling being that sales there improved against last year. Buying...
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Research
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Jul 02, 2010
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Avi Krawitz
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Mining
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Jul 01, 2010
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Rapaport
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Lucara, Botswana Form Marketing Arrangement
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Lucara Diamond and its partner African Diamonds completed a marketing arrangement with Botswana through their joint-venture company, Boteti, wherein production from the AK6 project may be sold through either open tender or exclusive contract. Lucara, the AK6 project operator, holds a 60 percent interest in Boteti,...
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Mining
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Jun 29, 2010
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Jeff Miller
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Stellar Diamonds Notes Stronger Prices for Rough
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Stellar Diamonds' production at the Mandala mine came to 34,409 carats during its first fiscal half that ended on March 31, 2010. The company's total diamond sales, comprised of both gem- and industrial-quality rough diamonds, for the first half totaled $1.19 million, or an average of over...
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Mining
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Jun 28, 2010
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Jeff Miller
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Retail
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Jun 24, 2010
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Rapaport
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Rapaport Weekly Market Report 06/17/2010
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Between the LinesRough Market: Lucara Becomes a Diamond ProducerCanada-based Lucara Diamond announced that it has started production at its Mothae mine in Lesotho and that it recovered a 53.5-carat, type IIa diamond in the first week of operations. The company also owns 60 percent of the AK6 project in Botswana, with...
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Research
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Jun 18, 2010
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Avi Krawitz
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Rough Markets
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Jun 10, 2010
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Rapaport
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Mining
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Jun 03, 2010
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Rapaport
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Mining
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May 27, 2010
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Rapaport
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Mining
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May 20, 2010
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Rapaport
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Mining
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May 13, 2010
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Rapaport
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Research
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May 06, 2010
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Rapaport
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Mining
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Apr 29, 2010
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Rapaport
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African Diamonds Raises Stake in AK6 to 40%
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African Diamonds exercised its option to increase its stake at the AK6 diamond deposit in Botswana from 28 percent to 40 percent for a total cash consideration of $8 million paid to Lucara Diamond and Wati Ventures. The remainder of equity in AK6 is held by Lucara. John Teeling, the chairman of African Diamonds, said,...
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Mining
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Apr 23, 2010
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Jeff Miller
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Mining
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Apr 22, 2010
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Rapaport
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Rapaport Weekly Market Report 04/16/2010
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Between the LinesMining: Strong Prospects for Mid-Tier Mining CompaniesThe diamond sector analyst at RBC Capital Markets, Des Kilalea, maintained a positive outlook for diamond mining companies, particularly those that are in production or near production. “The prospect of constrained supply and firm rough diamond prices...
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Research
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Apr 16, 2010
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Avi Krawitz
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