UPDATE: Gemfields names Mila Kunis as brand ambassador
--adds share price-- Coloured gems producer Gemfields (LON:GEM) has announced glamorous actress Mila Kunis as the face of its new print advertising campaign. The company said Kunis was chosen for her...
View ArticleGemfields picks up "Best Basic Resources" plaudit at UK Stock Market Awards
Gemfields (LON:GEM) was named "Best Basic Resources" firm at the UK stock market awards. The awards, now in their third year, aim to highlight firms that are providing shareholder value. The judging...
View ArticleRichland Resources FD steps down
Richland Resources’ (LON:RLD) finance director is to step down after six year with the tanzanite producer. Farai Manyemba, who is leaving on 30 April to pursue other interests, will continue as a...
View ArticleUPDATE: Gemfields ups output while lowering cost of production
-- Adds chief executive's comments -- The timing of auctions saw half-year revenues dip at coloured gem stones producer Gemfields (LON:GEM), but the company should pick up the slack in the second half....
View ArticleGemfields at ‘pivotal point’ in development, says JPMorgan
Coloured gemstone specialist Gemfields (LON:GEM) is at a “pivotal point” in its development, according to JPMorgan Cazenove. Analyst Alexander Mees notes that the company now owns the iconic Fabergé...
View ArticleRichland allows "major trading company" to explore potential of graphite licence
Miner Richland Resources (LON:RLD) has signed exclusivity and right of first refusal agreements with an unnamed “major international trading company”, which will evaluate the group’s graphite licence...
View ArticleParagon: Licence application milestone opens way for trial mining at flagship...
Paragon Diamonds (LON:PRG) has applied for a licence that will allow the group to begin trial mining at its flagship Lemphane kimberlite in Lesotho. The news was part of a wider update, which included...
View ArticleDiamondCorp chief Loudon says diamond juniors must rebuild investor confidence
Speaking at a mining conference in South Africa on Wednesday DiamondCorp (LON:DCP) chief Paul Loudon told the attendees that the junior diamond sector has a lot of work to do to overcome a significant...
View ArticleAfrican Queen Mines starts field program at Ugunja project, with core...
African Queen Mines (CVE:AQ) says it has started its 2013 field program at the Ugunja gold project in Kenya's Lakeland district, with a technical team now on site. The field work underway is a...
View ArticleTorian Resources finalise sale of Australian tin assets
Torian Resources (ASX: TNR) has finalised an agreement to sell its remaining tin exploration licence in New South Wales, to focus on its operations in Africa.Under the agreement, should its subsidiary...
View ArticleUpdate: Gemfields seeking clarification of new Zambian auctions policy
-- Adds broker comments from RF Ambrian and Canaccord Genuity -- Zambia announced last Friday that all emeralds mined in the country should only be sold through auctions held in Zambia. The surprise...
View ArticleGemfields' assets have significant potential "if appropriately utilised", JPM...
The government decree that gemstones produced in Zambia should also be sold in Zambia could prove an own goal, JP Morgan’s research suggests. The Zambian government owns a 25% stake in the Kagem...
View ArticleRimfire Pacific Mining kicks off gold drilling at Sorpresa
Rimfire Pacific Mining (ASX: RIM) has begun rotary air blast drilling to south of known gold mineralisation at Trench 31 within the Sorpresa project area in New South Wales.The program, which will run...
View ArticleDiamondcorp pleased with Lace progress
DiamondCorp (LON:DCP) remains on course to start diamond production from tailings re-treatment at the Lace mine in the current quarter. The miner is expanding production through development of a new...
View ArticleDiamondcorp earns plaudits for progress at Lace
Shares in DiamondCorp (LON:DCP) ticked higher as progress on the development of its Lace mine in South Africa won plaudits from brokers. The miner is in the middle of a development of a new block cave...
View ArticleDiamondCorp has NPV of £60mln, SP Angel calculates
DiamondCorp (LON:DCP) now has full funding in place to take its Lace mine through to full development, and broker SP Angel argues that there is significant value to be gained when the company reaches...
View ArticleRichland Resources hires new CFO
Richland Resources (LON:RLD) has signed up Louis Swart as the company’s new chief financial officer (CFO). It follows the resignation of finance director Farai Manyemba, who is leaving on April 30 to...
View ArticleGemfields raises record amount from low quality auction
Coloured gemstone specialist Gemfields (LON:GEM) generated record revenues from a low quality auction of its emeralds and beryls in Zambia’s capital, Lusaka. The auction, held at the request of the...
View ArticleGemfields has some bargaining chips after auction result
The results are in from Gemfields' (LON:GEM) auction of low quality emeralds and beryls in Lusaka, to an almost audible sigh of relief from brokers. The auction was seen as a dry-run for the Zambian...
View ArticleUpdate: Paragon Diamonds says study confirms Lemphane's favourable economics
-- Adds broker comment -- Paragon Diamonds (LON:PRG) has released a scoping study of its Lemphane kimberlite project in Lesotho which it says confirms the favourable economics of the asset. Paragon,...
View Article
