TSX-V-listed Pangolin Diamonds intends to complete a nonbrokered private placement of units to raise aggregate gross proceeds of up to $600 000. The net proceeds of the offering will primarily be used for exploration expenditures at its various projects in Botswana, as well as for working capital purposes.
Tag: rough diamonds
Mining Weekly Editor Martin Creamer discusses the South African Diamond Producers Organisation’s plea to be allowed create jobs in the alluvial diamond sector, the Industrial Development Corporation & the future of Kalagadi Manganese, and Mozambique’s online licence processing system.
Aim-listed BlueRock Diamonds is recording solid results at its Kareevlei diamond mine in the Kimberley region of South Africa, following its restart last month when mines in South Africa were allowed to partially resume operations. There have been no cases of Covid-19 reported at Kareevlei.
While South Africa is still trundling along laboriously with a minerals cadastre system fraught with shortcomings, Mozambique has rocketed to the highest firmament of e-government licence processing, Mining Weekly can report. Mozambique first led the pack 17 years ago when, ironically, it latched on to South African-developed technology that South
The discovery of alluvial diamonds in the unique secondary deposits of the Middle Orange River downstream of Hopetown in South Africa in 1867 was the catalyst that initiated the development of the mining industry in Southern Africa. But compared with its heyday between the 1990s and early 2000s, today’s junior
Diamond miner Lucapa has raised A$5.25-million through its non-renounceable pro-rata rights issue to bankroll its search for the primary kimberlite source of the high value alluvial diamonds recovered at its Lulo project, in Angola. The company in April announced the rights issue under which eligible shareholders were able to subscribe