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Stellar Diamonds' Net Loss Narrows in 1H
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Stellar Diamonds reported a loss of $1.55 million for the six months that ended on December 31, just slightly less than the loss of $1.95 million the company posted one year earlier. The junior...
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Mining
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Mar 19, 2013
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Jeff Miller
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Guinea Renews Two Licenses for Stellar Diamonds
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Stellar Diamonds' two diamond exploration licenses in Guinea were renewed for two years. The licenses are held by its subsidiary, Friendship Diamonds SA, and are located adjacent to company’s Droujba project, covering approximately...
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Mining
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Mar 05, 2013
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Jeff Miller
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Stellar's Bulk Sample of Katcha Dyke Exceeds Estimate
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Stellar Diamonds began its initial bulk sampling project at the Katcha dyke, part of the Droujba project in Guinea. Processing of the first 92 tonnes yielded 173 carats of rough diamonds at an average grade of 188 carats per...
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Mining
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Aug 06, 2012
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Jeff Miller
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Stellar Expands Drilling at Tongo in Sierra Leone
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Stellar Diamonds commenced a second resource expansion drilling of the 660,000 carat dyke 1 kimberlite at its Tongo diamond project in eastern Sierra Leone. The company's chief executive, Karl Smithson, explained that they are focused...
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Mining
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Jul 06, 2012
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Jeff Miller
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Stellar Diamonds Releases Interim Results
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Stellar Diamonds reported, in an interim financial statement for six months that ended in December, that it held $1 million in cash reserves and approximately $600,000 in rough diamonds in inventory that were ready for sale. Stellar Diamonds...
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Financial-Legal
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Jan 31, 2012
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Ricci Dipshan
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Stellar Diamonds Values Sierra Leone Parcel at $191 Per Ct.
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Stellar Diamonds has valued its first parcel of diamonds from the Tongo Dyke project in Sierra Leone at $191 per carat. The company is planning to sell 639 carats of the Tongo goods soon along with stones from its Mandala project at a tender in Antwerp. “Considering that there...
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Mining
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Jul 11, 2011
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Avi Krawitz
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Stellar Raises $10M to Advance Kimberlite Portfolio
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Stellar Diamonds raised $10 million (GBP 6.2 million) before expenses, through a share placement, the proceeds of which will be used to accelerate development of the company’s kimberlite portfolio and to fund general working capital requirements...
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Mining
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Mar 10, 2011
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Deena Taylor
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Stellar Improves Cash Position During 1H11
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Stellar Diamonds reported that diamond sales totaled $971,561 for 28,967-carats during its first fiscal half that ended December 31, 2010. The junior miner improved its cash position to $1.3 million from...
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Mining
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Mar 04, 2011
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Denise Romano
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Stellar Diamonds to Accelerate Guinea Project
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Stellar Diamonds provided sampling updates from their projects in Guinea and Sierra Leone. First, the company announced its decision to accelerate the development of its hard rock kimberlite projects in Guinea and Sierra Leone,...
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Mining
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Feb 21, 2011
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Denise Romano
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Stellar Diamonds Reports Results from Guinea Sample
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Stellar Diamonds recovered 538 diamonds from 291.62kg of kimberlite from their fully owned Droujba pipe in southeast Guinea. They also recovered five commercial sized diamonds and the majority of diamonds were classified as white,...
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Mining
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Feb 01, 2011
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Denise Romano
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Stellar Diamonds Commences Drilling in Guinea
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Stellar Diamonds began drilling at the Droujba kimberlite pipe in Guinea. The pipe was discovered in the 1960s by the Russian Aid Mission. Recent geophysical surveys suggested that the pipe is larger than previously thought. Although there is no exact information about diamond quality, one 270-carat stone...
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Mining
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Nov 17, 2010
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Denise Romano
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Stellar Diamond Notes Strong 3Q Production at Mandala
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Stellar Diamonds sold 18,549 carats from its Mandala mine in Guinea for $608,819 or $32.82 per carat during the third quarter. The company held 8,194 carats in stock at the end of the quarter, September 30, 2010.Stellar noted that quarterly production at the mine was significantly...
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Mining
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Oct 14, 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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Mining
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Jul 01, 2010
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Rapaport
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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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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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Zale Secures Loan From Golden Gate
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Zale Corporation obtained a new $150 million, five-year, senior-secured-term loan from Golden Gate Capital. The private equity firm plans to utilize the interest and fees that accrue on the loan and warrants to purchase common stock aggregating a 25 percent equity interest in Zale on a fully diluted basis....
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Retail
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Jun 01, 2010
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Rapaport
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Rapaport Weekly Market Report 05/27/2010
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Between the LinesShow Time: Will Vegas Have a European Flavor?There is growing concern in the diamond market that the European debt crisis will cause a sustained double dip in global economic activity, sharply unraveling the atmosphere of recovery that has been observed within the industry lately....
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Research
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May 28, 2010
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Avi Krawitz
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