Company got about $279,000 from the sale of 6,442 carats.
DiamondCorp Mining News
Shares in DiamondCorp (LON:DCP) climbed 13% after the company announced it has put in place what it called “the final piece in the funding jigsaw” for its Lace Mine in South Africa.
African exploration and development firm DiamondCorp PLC (LON:DCP) was full of good news on Friday, as it revealed it is raising $1.6 million from a share placing to help fund the expansion of its Lace mine in South Africa.
Shares in diamond exploration and development company DiamondCorp PLC (LON:DCP) went up over 24% in early trade Friday after the group struck a financing deal that will meet more than three-quarters of the costs of its Lace mine project in South Africa.
African DiamondCorp (LON:DCP) said its 74% owned Lace Diamond Mines, the company's primary asset in South Africa, has entered into a loan funding term sheet with the Industrial Development Corporation of South Africa Limited (IDC), the company announced Monday.
Paul Loudon, chief executive of DiamondCorp (LON:DCP), is preparing to talk to banks, project financiers and potential rough diamond buyers. It comes after an independent engineering report gave the green light to the company’s longstanding $50 million (£31 million) project to reopen the Lace mine in South Africa’s Free State province.
African diamond mining and exploration company DiamondCorp Plc., has received validation for its development plan at its Lace mine in South Africa, from SRK Consulting, an independent local consultant.
DiamondCorp (LON:DCP), the African diamond mine development and exploration company, will not proceed with further exploration in Botswana due to the recovery of low grades in the area, announced the company today.