Elkedra Diamonds says 3-monthly diamond sales total 1.81 mln usd |
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Published
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Thu, 25 Oct 2007 11:36
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LONDON (Thomson Financial) - Elkedra Diamonds NL said it sold 4,575 carats of diamonds for 1.81 mln usd from its three-monthly sales, and produced 4,341 carats of diamonds in the quarter from its Chapada project in Brazil.The diamond mining company said after the merger with Vaaldiam Resources Ltd, two drill rigs and support staff are expected to be relocated to the Chapada project to advance the exploration programme.Further, the company said its shareholder will meet on Oct 29, to vote in favour of the proposed merger with Vaaldiam Resources.It added that it expects mining license for it Peba Lagoinha tenement with the next month, and current planning for the deposit estimates mining within the first quarter of 2008.No Australian exploration activities were carried out during the quarter.TFN.newsdesk@thomson.comjjo/pmi/sljCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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