ASX-listed EHR Resources has entered into an exploration alliance agreement with Diamond Exploration Strategies (DES), a privately owned company focused on diamond exploration in Botswana. Under the terms of the agreement, EHR will provide funding of $1.5-million over three years to finance exploration activities and earn 50% ownership of any
Mining & Exploration
World Jewellery Confederation’s (Cibjo’s) yearly congress, which had been for October 5 to 7, in Dubai, in the United Arab Emirates, has been postponed to 2021 as a result of the Covid-19 global pandemic. The decision to postpone the congress was taken during a video conference of the Cibjo board of
Angola’s Mineral Resources and Petroleum Minister Dr Diamantino Pedro Azevedo has announced the country’s plans to develop industry-specific market infrastructure for improved diamond trade activity. The country plans on establishing an Angolan Diamond Hub and an Angolan Diamond Bourse.
Edward Asscher has been named president of the World Diamond Council (WDC), the international organisation that is charged with leading the industry’s effort to prevent conflict diamonds from entering the jewellery supply chain and with representing it in the tripartite Kimberley Process coalition. Formerly the WDC VP, he assumed the
With traditional markets for rough diamond sales remaining closed, Canadian diamond miner Mountain Province on Monday unveiled a proposed $50-million transaction that will provide it with short-term liquidity. The 49% participant in the Gahcho Kue mine, in Northwest Territories, is proposing an agreement to sell diamonds to Dunebridge Worldwide, which
Aim-listed BlueRock Diamonds, which operates the Kareevlei diamond mine, near Kimberley, in South Africa, has announced the private sale of 2 400 ct at an average price of $290 /ct for a total of $700 000. “This sale at a time when the traditional sales channels for diamonds remain closed and