Mining

Diamonds in Mozambique

Mustang Resources Ltd (MUS) Details Mustang Resources Limited primarily focuses on the exploration and mining of diamond and graphite projects in Mozambique. The company also engages in oil and gas business. It holds interest in the Save River and Sese diamond projects; Balama graphite project; and Dugas and Leblanc#3, Hensarling#1, and Sugar Valley#1 oil and […]

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Diamond Fields International Restarts Namibian Diamond Operations

Diamond Fields International Restarts Namibian Diamond Operations (Vancouver, Canada, June 5, 2015) – Diamond Fields International Ltd. (DFI:TSX-V) (“DFI” or the “Company”) Pursuant to an agreement between DFI’s Namibian subsidiary Diamond Fields (Namibia) (Pty) Limited (“DFN”) and IMD, DFN and IMD have begun a four-stage development program of DFN’s mining concessions ML-138, ML-139 and ML-111.

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Lucapa Diamond Sells

Lucapa Diamond Company Ltd. sold a fourth parcel of diamonds from its Lulo diamond concession in Angola, achieving $2.3 million or $1,500 per carat. The parcel included a 63.05-carat, D, type IIa stone.  Lucapa’s proceeds from the four parcels, totaling 3,856 carats, reached $7.7 million, or nearly $2,000 per carat. The Lulo diamond field has produced fancy colored diamonds

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