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Public Comment Period Opens for Renard Diamond Project
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The Canadian Environmental Assessment Agency is conducting a comprehensive environmental assessment on Stornoway Diamond Corporation's Renard diamond project in Quebec and opened the public commenting period. Stornoway is proposing to develop the diamond mine on its Foxtrot...
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Mining
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May 10, 2013
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Jeff Miller
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Rockwell Diamonds' Production -5%
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Rockwell Diamonds reported that its production fell 5 percent year on year to 4,043 carats for the fourth quarter that ended on February 28. Rough diamond production from its Saxendrift property jumped 34 percent to 1,929...
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Mining
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May 07, 2013
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Jeff Miller
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Rapaport Diamond Industry Stock Tracker
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The following lists diamond-industry public companies and their share price changes from one week ago as of May 17, at 4 p.m. May 17 May 9 Chng. $1 = Euro 0.780 0.770 0.010 $1 = Rupee 54.89 54.29 0.6 $1 = Israel Shekel 3.67 3.55...
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Financial-Legal
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May 02, 2013
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Rapaport News
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Mining
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Apr 11, 2013
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Jeff Miller
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EU Keeps Sanctions on ZMDC, Eases Restrictions on Others
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Following what it called a successful constitutional referendum in Zimbabwe, the European Union (EU) further relaxed sanctions on the African nation. In a declaration posted by the High Representative, Catherine Ashton, on behalf of the EU, Zimbabwe was congratulated...
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Fair Trade
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Mar 25, 2013
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Jeff Miller
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Rockwell Completes Acquisition of the Jasper Mine
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Rockwell Diamonds Inc. acquired the Jasper mine by settling the purchase consideration through an issuance of shares. The agreement to acquire Jasper, which is contiguous to Rockwell's Saxendrift mine, was also part of the transaction intended to unwind...
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Mining
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Mar 20, 2013
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Jeff Miller
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Afri-Can Marine Acquires 20% Stake in Thyme Investments
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Afri-Can Marine Minerals Corporation acquired 20 percent of the common shares of Thyme Investments Ltd., the sole owner of the exclusive prospecting license 3403, a marine diamond concession in Namibia, in exchange for common shares. Afri-Can Marine...
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Mining
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Mar 15, 2013
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Jeff Miller
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Diamcor Completes Upgrades at Krone-Endora at Venetia
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Diamcor Mining Inc. completed upgrades for procurement, delivery, construction and installation of a vast majority of its equipment and infrastructure to expand the quarrying and infield screening operations at the Krone-Endora at Venetia project in South Africa....
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Mining
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Mar 13, 2013
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Jeff Miller
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EU Rewards Progress in Zimbabwe
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The European Union's (EU) Foreign Affairs Council voted to ease some restrictions on Zimbabwe ahead of its constitutional referendum vote in March. EU sanctions are reviewed annually and this year Belgium lobbied to strike the Zimbabwe...
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Fair Trade
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Feb 20, 2013
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Rapaport News
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ALROSA Starts Stripping Operation at Botuobinskaya
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ALROSA has started a stripping operation at its Botuobinskaya diamond pipe, the first phase in developing the deposit in preparation for mining minerals. The stripping operations will last for three years with commercial diamond...
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Mining
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Dec 24, 2012
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Dilipp S Nag
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Fluor Completes Jwaneng Expansion
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Fluor Corporation completed its infrastructure and plant upgrades for Debswana's Jwaneng Cut-8 expansion project in Botswana. Fluor provided engineering, procurement and construction management services for the mine, which is the richest diamond...
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Mining
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Sep 19, 2012
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Rapaport News
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Stornoway Aims to Borrow $475M For Renard
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Stornoway Diamond Corporation has entered into a mandate letter with seven financial institutions in connection with financing the Renard diamond project. The terms arrange senior loans of up to $475 million, though this does not...
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Mining
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Sep 06, 2012
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Jeff Miller
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Harry Winston's 2Q Sales -20%, Profit -52%
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Harry Winston Diamond Corporation reported that its consolidated sales fell 20 percent year on year to $176.9 million during its second fiscal quarter of 2013 that ended on July 31. However, the integrated diamond company...
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Mining
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Sep 05, 2012
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Jeff Miller
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Rockwell Diamonds' Loss Grows to $3M
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Rockwell Diamonds reported that its first quarter revenue fell 17 percent year on year to $7.1 million for the three months that ended on May 31, while production costs rose 16 percent to $6.9 million. The...
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Financial-Legal
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Jul 13, 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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Maguwu Defines Diamond Issues in Zimbabwe
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Martin Rapaport, the chairman of the Rapaport Group, interviews Farai Maguwu, the director of Centre for Research & Development in Zimbabwe, on current issues facing the diamond industry. Maguwu discusses the status of human rights...
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Fair Trade
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Jul 03, 2012
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Rapaport News
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Watch the Rapaport Fair Trade Diamond Conference
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Rapaport Fair Trade Conference: Panelists Farai Maguwu, Center for Research & Development in Zimbabwe; Charles Stanley, Forevermark U.S. president; Alan Martin of Partnership Africa Canada and Martin Rapaport, chairman of the Rapaport Group,...
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Fair Trade
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Jun 14, 2012
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Rapaport News
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Rockwell's FY Revenue -20%, Net Loss Grows to $14M
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Rockwell Diamonds reported that revenue fell 20 percent year on year to $34.2 million for its fiscal year 2012, which ended on February 29, 2012. Sales from rough diamonds dropped 30 percent to $26.4 million, while...
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Financial-Legal
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May 25, 2012
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Jeff Miller
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Lucara's 1Q Loss Grows to $4M, Cash Position at $26M
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Lucara Diamond reported its first fiscal-quarter expenses were $3.3 million, up from $1.2 million one year ago, and it recorded a net loss of $4.2 million compared with $1.9 million. The company's net cash...
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Mining
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May 11, 2012
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Jeff Miller
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Namibia Renews Diamond Fields Intl.'s ML32 License
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Diamond Fields International Ltd. confirmed that Namibia renewed its mining license for the ML32 concession, which is situated north of Luderitz, for 10 years with respect to diamonds and precious minerals. The license has...
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Mining
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May 01, 2012
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Jeff Miller
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