World's Diamond Production Decreasing; Tamija Gold &Amp; Diamond Exploration, Inc. Positioning Itself for Significant Growth
Posted on: Tuesday, 5 September 2006, 18:00 CDT
Tamija Gold & Diamond Exploration, Inc. (PINKSHEETS: TMJG), a multi-faceted resource and exploration company specializing in the exploration and recovery of diamonds and gold, seeks to develop significant production of gem-quality diamonds. The company's initial geological surveys have indicated that Tamija's licensed properties in the Central African Republic ("C.A.R.") include potentially lucrative locations for the discovery and extraction of diamonds. The surveys also indicated encouraging data related to the potential recovery of gold.
The Company is now uniquely positioned to receive approval from the government of the C.A.R. for the exploration and production of diamonds and gold. This will enable Tamija to benefit from the decline in worldwide production and the related expected rise in the price of diamonds to further increase its revenues.
A recent and significant report by Bloomberg titled "Diamonds to Outpace Metals as Scarcity, Asia Sales Boost Prices," states that, "For the first time in 25 years, diamond production is declining and that may make the world's most coveted stones a better investment than copper, nickel and zinc, this year's top-performing commodities." It went on to say, "A rally in prices will fuel earnings for producers African Diamonds Plc and Petra Diamond Ltd. according to Merrill Lynch & Co. and JP Morgan Chase & Co." The Bloomberg article went on to say, "Diamonds 'have the best fundamentals,' says Evy Hambro who manages the $6.6 billion World Mining Fund for Merrill Lynch," an indication that as an aggressive participant within the diamond mining industry, Tamija should be poised for exceptional future growth.
For the full article please visit: http://www.bloomberg.com/apps/news?pid=20601087&sid=aDEsqQnA.tZg&refer=worldwide_news
For more information please visit the company's website at www.tamijainc.com
Forward-Looking Statements
This news release contains "forward-looking statements," as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Tamija Gold & Diamond Exploration, Inc. undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Contact: Howard Shapiro 954-410-6708 Contact via http://www.marketwire.com/mw/emailprcntct?id=7559B93FF4056592
SOURCE: Tamija Gold & Diamond Exploration, Inc.
Source: MARKET WIRE
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