Kimberley Diamonds

PERTH-based diamond hunter Kimberley Diamond Company may be on the brink of discovering a major source of precious gemstone in WA’s Kimberley region.

Ellendale, a diamond field discovered a quarter of a century ago, is finally to be mined following its sale by the Rio Tinto company Argyle Diamonds to Kimberley Diamond Co.

KIMBERLEY Diamond Co NL has discovered encouraging – and sur-prising – concentrations of gems at shallow depth in the Ellendale pipes it is acquiring from the Rio Tinto subsidiary Argyle Diamonds.

THE natural wonders of the Kimberley are the focus of a tourism industry that is fast becoming the driving force of the State’s far north.

KIMBERLEY Diamond Co Ltd has been in talks with Rio Tinto for the purchase of Merlin diamond mine in the Northern Territory.

KIMBERLEY Diamond Co Ltd has been in talks with Rio Tinto for the purchase of Merlin diamond mine in the Northern Territory.

THE resource sector performed strongest of all sectors featuring WA companies listed on the Australian Stock Exchange during the past year.

Kimberley Diamond Company - 25-Nov-03 Lodged response to ASX query.  

KIMBERLEY Diamond Company and its subsidiary Blina Diamonds have executed an agreement with the Bunuba people in relation to the area of the Ellendale Mining Lease and surrounding tenement areas covering about 2,000 square kilometres in the West Kimberley region over an Indigeno

Lodged response to ASX query.

KIMBERLEY Diamond Company has posted record production from its first production block at the Ellendale Pipe 4, 140km east of Derby. The production grade of 43.15 carats per 100 tonnes achieved at the site compares with the previously reported resource grade of 11.7 carats per 100t.

KIMBERLEY Diamond Company has announced that it has concluded the first sale of 3,371 carats of diamonds recovered from mining its Ellendale Pipe 4 project.

16-Sep-05 Lodged response to ASX query

Blina Diamonds NL has announced its own almost $6 million rights issue, to be fully underwritten at no cost by its parent company, Kimberley Diamond Company NL which revealed a $41 million expansion plan yesterday.

Kimberley Diamond Company - 17-Feb-06

KIMBERLEY Diamond Company NL has announced the appointment of its long-standing finance director, Karl Simich, to the position of managing director.

UK-based Gem Diamonds Ltd has launched a $300 million grab for Kimberley Diamond Company NL, ending months of takeover speculation surrounding the Australian-based producer.

Takeover bids for scaffolding company PCH Group Ltd and diamond producer Kimberley Diamond Company NL today went unconditional after their UK-based suitors secured enough shareholder support for their respective offers.

Success hasn’t dimmed the enthusiasm of Terry Streeter, Miles Kennedy and a host of others for the challenges of new mining ventures.

Following the completion of its acquisition of the Kimberley Diamond Company from Gem Diamonds, Goodrich Resources has appointed KDC chief executive officer Lee-Anne de Bruin to the board as managing director, replacing Rod Sainty who will remain as a director and as general manager – minerals of

Cash-strapped miner Atlantic has obtained two new sources of funding, with the company using an expected R&D tax refund to secure a $15.3 million bank loan.

Argentinian-born agricultural tycoon John Kahlbetzer has purchased a 5 per cent stake in Subiaco-based Lucapa Diamond Company.

Kimberley Diamonds has replaced its managing director after a horror month in which the company's share price plunged 75 per cent.

Noel Halgreen has replaced Lee-Anne de Bruin as managing director of Kimberley Diamond Company, while executive chairman Alex Alexander has stepped back into a non-executive role.

Welshpool-based contractor MACA has raised its full-year net profit by 12 per cent to $55.4 million despite weather setbacks during the year, and increased revenue by 25.2 per cent to $595.4 million.

Shares in Kimberley Diamonds closed 25 per cent higher today after the company announced it had entered into a subscription agreement to raise $4.37 million from a Chinese institutional investor.

One day after a reported 100 workers lost their jobs at the Ellendale diamond mine, Kimberley Diamonds has announced the mine has been closed and its subsidiary Kimberley Diamond Company placed in voluntary administration.

There is a range of reasons why bank shares have fallen lately, some from self-inflicted injuries and some due to a changing marketplace.

Kimberley Diamonds has announced that it is injecting $14.6 million into its Lerala diamond mine in Botswana, less than three weeks after it abruptly closed its Ellendale mine with its workers left out pocket.

Resolute Mining has become the second Western Australia-based mining company to appoint a female executive to one of its top jobs within the past week, with Lee-Anne de Bruin to take over as chief financial officer next month. 

The small diamonds produced in WA are falling out of favour with buyers, leading to questions about the industry’s future.

The state government has proposed changes to the Corporations Act to deal with mining companies that avoid their environmental obligations.