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Company News: Stellar Diamonds
Updated: 20 Sep 2010

Stellar Diamonds plc is a newly listed diamond production and development company that was formed from the merger of Stellar Diamonds Limited and West African Diamonds plc.

Two projects in Guinea are in production, Mandala and Bomboko, which provide robust cash flow to Stellar. At the time of the merger, Mandala had produced over 53,000 carats and Bomboko had produced over 2,000 carats, with both projects currently undergoing expansion programmes.

In Sierra Leone the Tongo and Kono projects comprise a series of kimberlite dykes, with the Kono project having produced 4,200 carats of diamonds through underground trial mining with Joint Venture partner Petra Diamonds.


Also Known as: Stellar Diamonds plc
Business Category Exploration; Mining
Regions of Operation West Africa
 

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14 Apr 2010
Progress Update 
Highlights * Operational and corporate synergies being harnessed after Reverse Takeover * Production at Mandala has exceeded 64,000 carats since mid 2009 * A 37 carat fancy yellow stone has been recently mined from Mandala * Diamond sales from Mandala exceed US$1.7m to date * Expansion programmes at both Mandala and Bomboko mines underway

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