Latest Petra Diamonds Stories

2009-02-04 11:22:00

DAR ES SALAAM, TANZANIA, Feb. 4 /PRNewswire-FirstCall/ - Harp Sangha, CEO/President of Douglas Lake Minerals Inc. (DLKM-OTCBB/Franfurt-D60.F www.douglaslakeminerals.com) announces that preliminary gemological results have confirmed the presence of diamondiferous alluvial gravels from the company's Magembe diamond property in the Shinyanga District of northwestern Tanzania. The exploration at Magembe is being conducted under the terms of an option agreement with Canaco Resources whereby Canaco...

2009-01-14 19:04:00

ACHIEVES A NET PROFIT OF $4.5 MILLION OR $0.02 CENTS FOR THE QUARTER VANCOUVER, Jan. 14 /PRNewswire-FirstCall/ - Rockwell Diamonds Inc. ("Rockwell" or the "Company") (TSX: RDI; JSE: RDI; OTCBB: RDIAF) announces its financial results for the three month and nine month periods ending November 30, 2008. Financial information is stated in Canadian currency unless otherwise indicated. Rockwell is focused on growth by mining and developing alluvial diamond deposits. The Company has established a...

2008-09-11 15:00:29

Mountain Lake Resources Inc. (TSX-V: MOA) ("Mountain Lake" or the "Company") is pleased to announce that Etruscan Diamonds Ltd. ("Etruscan Diamonds") has received a National Instrument 43-101 compliant independent resource update on its Blue Gum Diamond Project in South Africa, which substantially increases both the indicated resource on the project and the in situ value of the resource. The independent resource update, prepared by Dr. Tania Marshall of Explorations Unlimited as of June 30,...

2008-09-11 09:00:33

Writethru: De Beers sells off mine shares in Tanzania - press DAR ES SALAAM, Sept.10 (Xinhua) -- The Petra Diamonds Limited has reached a deal with De Beers to get the ownership of a diamond mine in northwestern Tanzania. Local English broadsheet The Guardian on Wednesday quoted a statement from the company as saying the deal would be completed mid- next month at a price of 10 million U.S. dollars. The diamond mine is located at Mwadui and is a joint venture between the Williamson...

2008-07-14 15:00:39

TORONTO, ONTARIO--(Marketwire - July 14, 2008) - Vaaldiam Resources Ltd. (TSX:VAA) reports that the latest diamond sale from its 100% owned Chapada Diamond Mine, in the State of Mato Grosso, Brazil achieved a record price of US$ 800 per carat. A total of 1,967 diamonds weighing 1,116 carats, an average of 0.57 carats per stone, were sold for gross proceeds of US$ 892,708. Included in the parcel were five stones greater than 10 carats in weight, which were sold for a total of US$ 510,039, or...

2008-06-24 02:30:07

SearchGold Resources Inc. (TSX VENTURE: RSG)(FRANKFURT: S1O), is pleased to announce a progress update on the Kono kimberlite diamond project in Sierra Leone. The Kono project is a Joint Venture between Stellar Diamonds Ltd ("Stellar") (49%) and Petra Diamonds Limited ("Petra") (51%). SearchGold holds 2,672,629 shares of Stellar which equals to an 8.7% interest in the Company. Kono Project Highlights - 1,049 carats (12,132 diamonds) recovered from trial mining to end May 2008 - First...

2006-04-21 09:00:08

By Eric Onstad JOHANNESBURG (Reuters) - A small diamond company uncovered a huge 235-carat gem -- the size of a hen's egg -- in South Africa only a few weeks after launching its operations, the firm said on Friday. Nare Diamonds Ltd. said it uncovered the rough gem on Wednesday after resuming mining in March at the Schmidtsdrift mine, 50 miles northwest of the country's historic diamond center of Kimberley. The mine was shut down three years ago by another firm that went bankrupt,...

Word of the Day
  • Remarkable; prodigious.
  • Audacious; gutsy.
  • Completely; extremely.
  • Audaciously; boldly.
  • Impressively great in size; enormous; extraordinary.
This word is probably from the dialectal 'boldacious,' a blend of 'bold' and 'audacious.'