Company News: Diamondcorp
Updated: 20 Sep 2010
DiamondCorp is an AIM and JSE listed emerging diamond producer focused on the 74 per cent owned Lace project 200 kms southwest of Johannesburg. Buoyed by the recovery in rough diamond prices the company has successfully raised approximately £7.1 million through a placing. The funds will be used to complete a decline development to underground resources at Lace. In addition, DiamondCorp is exploring kimberlites at the Jwaneng South project area in Botswana where drilling and geophysical programmes have been completed. Microdiamond analysis of samples taken from the J-01 kimberlite confirms that it is diamondiferous and drilling of J-05 will commence shortly
Business Category Exploration; Mining
Regions of Operation Southern Africa
Exchange Ticker DCP
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Exchanges listed on AIM
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Georgian House
- 63 Coleman Street
- London
- EC2R 5BB
- United Kingdom
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Most Recent Company News
- Diamondcorp’s Lace plan validated - 23 Mar 2012 11:59am
An independent consultant has verified Diamondcorp plc’s redevelopment plan for the historical Lace diamond mine in South Africa Read more... - Diamonds overview - 09 Sep 2011 1:24pm
By the end of 2010, prices for rough diamonds had hit pre-crisis levels, and by mid-2011 were 30% higher in some categories Read more... - South Africa: Under pressure - 05 Aug 2011 10:58am
South Africa’s mining industry has remained steadfast, but now faces the prospect of nationalisation Read more... - Investor seminar: Diamonds - 24 Jun 2011 11:33am
The keynote presentation at last week's Diamond Day in London was given by David Hargreaves, who reminded delegates that the financial crisis hit luxury goods the hardest, and the market for diamonds imploded. The rebound has been equally dramatic however Read more... - Diamondcorp revises Lace plan - 10 Jun 2011 10:59am
Anticipated electricity price increases in South Africa have convinced Diamondcorp plc to use conveyors to transport ore from its historical Lace diamond project to surface, thereby avoiding the need for a new ventilation shaft Read more... - Diamond companies fund development - 10 Dec 2010 11:28am
A trio of diamond companies have announced financings during the past week, primarily to advance development at their respective mines in southern Africa Read more... - Sparkle returns - 10 Sep 2010 10:53am
Diamond markets have started to show signs of recovery as demand rises and mines restart Read more... - DiamondCorp restarts operations - 23 Apr 2010 12:02pm
DiamondCorp plc has restarted its mining activities in South Africa and Botswana following the successful completion of its recent £7.1 million (US$10.9 million) capital raising Read more...
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