Articles Tagged "Peregrine Diamonds"

Peregrine Diamonds and De Beers Complete Option for Chidliak Joint Venture

Diamond – Peregrine Diamonds Ltd. (TSX:PGD) announced that it completed an option and subscription agreement with De Beers Canada Inc. that allows De Beers to enter into an earn-in and joint venture agreement with Peregrine for the Chidliak diamond project. De Beers has the right to enter the agreement — which would be 50.1 percent owned by De Beers and 49.9 percent owned by Peregrine — until December 13, 2013.

Vote of confidence for Peregrine

Diamond – The Financial Post.com reports that BHP Billiton (NYSE:BHP) will continue to participate jointly with Peregrine Diamonds (TSE:PGD)  in its’ Chidliak project in Nunavut. The story is quoted as saying: Peregrine will retain 49% of the marketing rights to the diamonds from Chidliak. This is strategically important in the long term as those rights can be [...]

Resource Market Weekly Recap

Spot aluminum premiums have climbed to their highest price in nearly five years, in the face of mounting warehouse stockpiles. The amount of aluminum stored in warehouses has climbed to a 32-year high.

Supply Shortages May Herald in era of Peak Diamond’

Diamond – De Beers Chief Gareth Penny has been vocal about supply shortfalls, and a lack of prospects to keep up with increasing demand for diamonds. With the Chinese diamond market exploding and decreasing output from some of the largest mining operations in the world, is the market heading towards “Peak Diamond.”