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...

Base Iron buys Kenya mineral sands project from Vaaldiam

Australia’s Base Iron has completed a due diligence study on the Kwale mineral sands project, in Kenya, which it is buying from TSX-listed Vaaldiam Mining. The due diligence has confirmed that Kwale was a “robust” project, which represented...

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...

Duas Barras mine, Brazil

An opencast mine, situated in Brazil