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gahcho kue
Nasdaq Approves Listing for Mountain Province Diamonds
Mountain Province Diamonds Inc. was approved for listing its shares on the Nasdaq under the symbol "MDM." Trading is expected to begin on December 31, 2014. The junior miner's common stock will continue to trade...
Financial-Legal Dec 19, 2014 Jeff Miller
Industry Stock Ticker Stock Image
Rapaport Diamond Industry Stock Tracker
The following lists diamond-industry public companies and their share price changes for the week ending December 18 at 4 p.m. Dec. 18 Dec. 11 Chng. $1 = Euro 0.814 0.807 0.007 $1 = Rupee 62.99 62.54 0.5...
Financial-Legal Dec 18, 2014 Rapaport News
renard
Stornoway Reports Earnings of $12M in 2Q
Stornoway Diamond Corporation recorded net earnings of $11.7 million in the second fiscal-quarter that ended on October 31, compared with a loss of $1.6 million one year earlier. Net earnings were impacted by line items that...
Financial-Legal Dec 16, 2014 Jeff Miller
gahcho kue
Gahcho Kué Operators Sign Impact Agreement With Metis Nation
De Beers Canada Inc. and Mountain Province Diamonds Inc., partners on the Gahcho Kué diamond mine in Canada, entered into an impact benefit agreement with the Northwest Territories (NWT) Metis Nation, putting in place a framework...
Mining Dec 15, 2014 Jeff Miller
Rockwell Diamonds
Rockwell Diamonds' 3Q Revenue +47%
Rockwell Diamonds reported that revenue improved 47 percent year on year to $15.76 million in the third quarter that ended on November 30. Earnings will be reported on January 13, 2015. The junior miner sold 13,759 carats...
Mining Dec 15, 2014 Jeff Miller
alrosa
ALROSA Takes Measures to Improve Liquidity
Press Release: As of December 1, 2014, ALROSA has $3.6 billion of bank loans and public debt instruments, including debt maturing in 2015 -- $600 million of loans from JSC VTB Bank, $348 million (RUB 20 billion) of commercial...
Financial-Legal Dec 12, 2014 ALROSA
alrosa sm
ALROSA Approves Budget, Anticipates Revenue of $5B
ALROSA's supervisory board approved its 2015 budget and confirmed preliminary results for 2014. ALROSA anticipates having produced 36.1 million carats as of December 31, while total sales of rough and polished diamonds will...
Mining Dec 11, 2014 Jeff Miller
Namdeb mine
NDTC's Annual Royalties to Namibia Approach $62M
The Namibia Diamond Trading Company (NDTC) paid $8.7 million (NAD 100 million) in diamond dividends to the government, bringing the total payout this year to $61.5 million, according to the New Era newspaper. Namibia's...
Mining Dec 09, 2014 Jeff Miller
Karowe diamonds
Lucara Sets Top Revenue Target at $240M for 2015
Lucara Diamond Corp. anticipates revenue of between $230 million and $240 million from the sale of 400,000 to 420,000 carats of rough diamonds in 2015, according to the company's outlook. Lucara recorded revenue of $180.5 million in 2013,...
Mining Dec 09, 2014 Jeff Miller
Stellar Diamonds
Stellar Enters Into $2M Loan Facility
Stellar Diamonds entered into a bridging loan agreement for up to $2 million with YA Global Master SPV Ltd. The funding will be available for three years and provides for two initial loan tranches of principal amounts...
Financial-Legal Dec 09, 2014 Jeff Miller
Belgium
Zimbabwe Wins First Round in Return of Antwerp Diamond Proceeds
The Court of First Instance in Belgium ruled that approximately $45 million in proceeds from a Marange diamond tender that was held in Antwerp three months ago may be released to Zimbabwe, but not before late next...
Financial-Legal Dec 08, 2014 Jeff Miller
Chidliak Project
Peregrine Plans to Confirm Additional Resources at Chidliak in 2016
Peregrine Diamonds Ltd. plans to confirm additional diamond resources next year on its Chidliak project in Nunavut, Canada, across other kimberlites that offer economic potential. The focus of the first phase of development has been...
Mining Dec 08, 2014 Jeff Miller
Alrosa rough
Venezuela Adds Diamonds to Financial Reserves
In a move to strengthen financial security and its currency, Venezuela's Central Bank issued a decree to use diamonds, precious metals and other currency deposits to boost its own reserves amid economic uncertainty and falling oil...
Financial-Legal Dec 05, 2014 Jeff Miller
stellar diamonds
Stellar Diamonds Prepares Baoulé Rough for Sale in Antwerp
Stellar Diamonds exported 941 carats of rough diamonds to Antwerp from the Baoulé diamond project in Guinea, marking a milestone for the company as it intends to hold a first sale shortly. The parcel included a few large stones,...
Rough Markets Dec 04, 2014 Jeff Miller
zim sm
Zimbabwe Requires ZMDC to Publish Financial Statements
Zimbabwe has been working toward greater financial transparency and, in particular, tracking diamond dividends as part of a long term economic development agreement with the International Monetary Fund. Given this, the country's Finance and...
Mining Dec 02, 2014 Jeff Miller
World Diamond Mark
World Diamond Mark Conference Begins Dec. 11 in Delhi
Press Release: An impressive roster of national and international industry leaders of the diamond, jewelry and luxury product industries will be gathering in Delhi, India on December 11 to 12 to discuss and deliberate the future consumer market make-up for...
Marketing Dec 01, 2014 World Diamond Mark
Sierre Leone
Sierra Leone Issues Investors Warning Statement on Sunergy Inc.
Press Release: The National Minerals Agency (NMA) of Sierra Leone has been made aware of several press releases issued by Sunergy Inc., the latest of which was "Sunergy’s Dry Season Mining Operations now fully...
Mining Nov 28, 2014 Sierra Leone
ruby
Gemfields Recovers 40-Carat Ruby
Gemfields recovered a 40.23-carat rough ruby at its Montepuez deposit in Mozambique. Given the significance of this stone, Gemfields committed to follow the gemstone from mine to market and its ultimate home. The gem was appraised...
Gemstones Nov 25, 2014 Jeff Miller
Gope, Botswana
Botswana Diamonds' Loss Widens, Teeling Says Fundamentals Remain Strong
Botswana Diamonds reported a preliminary loss of $1.61 million (GBP 1.02 million) for the fiscal year that ended on June 30, which was up from a loss of $813,440 one year earlier. Cash and cash equivalents...
Mining Nov 24, 2014 Jeff Miller
Rockwell
Rockwell Diamonds Raises $4M
Rockwell Diamonds Inc. completed an offering of two-year unsecured convertible debentures in a principal amount of $4.1 million with two insiders, namely Rockwell’s principal shareholder Daboll Consultants Ltd., an affiliate of Diacore, as to $3 million and with Mark Bristow,...
Financial-Legal Nov 21, 2014 Jeff Miller
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