Vaaldiam trims diamond output guidance

TSX-listed Vaaldiam Mining has lowered its 2010 production forecast from the Duas Barras mine in Brazil, which is expected to reach full production by the end of September. The company, previously called Tiomin Resources, changed its name after...

Tiomin shareholders OK Vaaldiam acquisition, name change

Shareholders of TSX-listed Tiomin Resources have approved the company's plan to buy diamond-miner Vaaldiam Resources and a name change to 'Vaaldiam Mining'. Vaaldiam investors also voted to approve the acquisition, the company reported.

Tiomin agrees to sell Kwale mineral-sands asset

TSX-listed Tiomin Resources has signed a binding heads of agreement for the sale of its Kwale mineral sands project to Australia's Base Iron Limited (BIL), the company announced on Thursday. The news marks the end of an era for Tiomin, which...

Tiomin sells Peru copper/gold stake ahead of Vaaldiam deal

TSX-listed Tiomin Resources has agreed to convert its 49% holding in the Pukaqaqa copper/gold project in Peru for an initial $7-million, plus further cash payments and a net-smelter return royalty (NSR) if the project enters production. Tiomin,...

Kenyan titanium to Brazilian diamonds: Tiomin reinvents itself

It has been more than two years since Tiomin Resources started the hunt for a company-transforming deal, but CEO Robert Jackson is confident that he has put together a winner in a plan to buy diamond junior Vaaldiam Resources. Vaaldiam put its...

Tiomin, Jinchuan finally ink agreement on Kwale stake sale

TSX-listed Tiomin Resources has signed an investment agreement with China's Jinchuan Group, which will buy a 70% interest in Tiomin's Kwale mineral sands project, in Kenya. The agreement is based on the same terms as envisioned by a memorandum of...

Cadiscor, Tiomin agree on tie-up, to restart Sleeping Giant

'A deal a day' seems to be the new status quo among North American juniors, with Cadiscor Resources and Tiomin Resources the latest to announce they have agreed to combine their businesses. A day earlier, copper producer Quadra Mining said on...

Tiomin on the hunt for merger-and-acquisition opportunities

Toronto-listed miner Tiomin Resources this year will be on the hunt for merger and-acquisition opportunities created by the combined impact of collapsing commodity prices and difficult capital markets

Chinese group injects $25m into Kenyan titanium project

Toronto-listed miner Tiomin Resources has signed a memorandum of understanding (MOU) with Jinchuan to invest $25-million directly into Tiomin Kenya Limited (TKL), a wholly owned subsidiary of Tiomin that owns 100% of the Kwale mineral sands...

China's Jinchuan to pay $25m for right to controlling stake in Kenya mineral sands project

Chinese resources group Jinchuan has agreed buy a 70% holding in TSX-listed Tiomin Resources' Kwale mineral sands project, in Kenya, and will invest $25-million in the asset, the companies announced on Tuesday. The mine, once in operation, is...

. . . but Tiomin is confident troubled Kenyan titanium project will be developed eventually

Toronto-listed miner Tiomin Resources says the Kwale titanium project in Kenya - which has just emerged from debilitating post-election violence - remains in force majeure while government of the East African country completes the remaining...

Kwale mineral sands project suffering delays in troubled Kenya, budget cut

Delays have prompted Toronto-listed miner Tiomin Resources has cut its Kwale minerals-sands project construction budget in troubled Kenya to $200 000 a month - and will reduce it further if need be. Tiomin project coordinator and investor...