DiamondCorp secures R280m IDC loan for Free State mine

The Industrial Development Corporation (IDC) has made a R280-million loan available for the new Lace diamond mine, which DiamondCorp is building in the Free State. The IDC loan would cover over 98% of the estimated capital required to establish a...

DiamondCorp to start finance discussions for Free State mine

JSE- and Aim-listed DiamondCorp is set to start discussions with a number of potential project financiers to further the development of the Lace diamond mine, near Kroonstad, in the Free State. “The key driver for management in these...

DiamondCorp ceases exploration at Botswana kimberlite project

Preliminary results recovered from JSE-listed DiamondCorp’s kimberlite site, in Botswana, have indicated insufficient grades to continue exploration, the company reported on Friday. The African diamond mine development and exploration company...

Lace diamond project, South Africa

DiamondCorp has unveiled a revised mine development plan for the Lace project.

DiamondCorp says Lace to cost more under revised plan

London-listed DiamondCorp on Monday unveiled a revised mine development plan for its Lace project in the Free State, which increased the capital cost by 11% and extended the ramp-up period by nine months. But, the updated mine plan, which...

Company Announcement: Operational Update

Commenting on financing and engineering developments, DiamondCorp CEO, Paul Loudon said: „The long-term metrics for the diamond industry are very strong. Few new long-life kimberlite mines are in the planning, in a market where end users are...

DiamondCorp raises £2.05m to pay off debt

London- and Johannesburg-listed DiamondCorp, which is developing the Lace mine in the Free State, said on Wednesday it had raised £2.05-million for working capital and to pay off debt. The developer placed 31.6-million new shares at 6.5p per...

Company Announcement: Placing to raise £2.05 million

The Board of DiamondCorp, the Southern African diamond development and exploration company, is pleased to announce that it has placed 31,600,000 new ordinary shares of 3 pence each in the Company at a price of 6.5 pence per share to raise, in...

DiamondCorp mulls R143m Lace mine development

The board of South African diamond miner DiamondCorp is expected to decide on the planned R143-million underground development of its Lace diamond mine near Kroonstad, in the next four weeks. The JSE- and Aim-listed diamond firm was eager to...

Company Announcement: Interim Results (unaudited) for the six month period ended 30 June 2011

DiamondCorp plc, a southern Africa focussed diamond mine development and exploration company, releases its interim results for the six month period ended 30 June 2011. The results are unaudited.

Lace could be ‘significantly higher cash generator’ than initially thought – DiamondCorp

Aim-listed DiamondCorp’s Lace operation, in South Africa, has the potential to be a “significantly higher cash generator” than initially envisaged, with the operation’s lowest-grade sections recovering good-quality diamonds, CEO Paul...

Lace diamond project, South Africa

DiamondCorp estimates that it will cost between R100-million and R126-million to bring the Lace diamond mine into full production.