The owner of what was once Nunavut’s first and only diamond mine, Shear Diamonds Ltd., on Dec. 8 struck a deal with a Belgian diamond dealer that will give Shear the cash it needs to recover and sell diamonds from the mothballed site’s existing stockpiles.
Shear Diamonds Ltd. Mining News
Edmonton-based Shear Diamonds Ltd. has signed a mutual cooperation agreement with Nunavut Resources Corp. for development of the Jericho Diamond Mine in Nunavut, northern Canada. Shear Diamonds, formerly Shear Minerals, acquired Jericho — Nunavut's first […]
Vancouver Sun reports: Shear Diamonds Ltd. (TSXV: SRM), which owns the mothballed Jericho diamond mine, is beefing up its senior management team as it prepares to reopen Nunavut’s only diamond mine in 2012.