Last C$1.36 CAD
Change Today 0.00 / 0.00%
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As of 3:58 PM 10/30/14 All times are local (Market data is delayed by at least 15 minutes).

diamcor mining inc (DMI) Snapshot

Open
C$1.35
Previous Close
C$1.36
Day High
C$1.36
Day Low
C$1.32
52 Week High
11/1/13 - C$1.90
52 Week Low
08/5/14 - C$1.06
Market Cap
51.6M
Average Volume 10 Days
4.7K
EPS TTM
C$-0.09
Shares Outstanding
37.9M
EX-Date
--
P/E TM
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Dividend
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Dividend Yield
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Current Stock Chart for DIAMCOR MINING INC (DMI)

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diamcor mining inc (DMI) Details

Diamcor Mining Inc., a junior mining and exploration company, is engaged in the identification, acquisition, exploration, evaluation, operation, and development of diamond based resource properties primarily in South Africa. The company holds interests in the Krone-Endora that consists of Krone 104MS and Endora 66MS farms covering a combined surface area of approximately 5,888 hectares at Venetia. It has a strategic alliance with Tiffany & Co. The company is based in Kelowna, Canada.

diamcor mining inc (DMI) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: C$240.0K
Chief Financial officer, Director and Member ...
Total Annual Compensation: C$78.0K
Managing Director of Operations
Total Annual Compensation: C$180.0K
Compensation as of Fiscal Year 2013.

diamcor mining inc (DMI) Key Developments

South African Department of Mineral Resources Grants Mining Right to Diamcor Mining Inc. for the Krone-Endora at Venetia Project

Diamcor Mining Inc. reported that the South African Department of Mineral Resources has granted a Mining Right for the Krone-Endora at Venetia Project. The Mining Right has a 30 year term and grants the company the sole and exclusive right to mine and recover diamonds over areas initially targeted by the company encompassing 657.71 hectares of the Project's total area of 5,888 hectares. The company has also submitted an application for a mining right over the remaining areas of the Project. The Project is located directly adjacent to De Beers' Venetia Diamond Mine in South Africa, and the Project's associated deposits have been identified as being the result of the direct-shift and erosion of material from the higher grounds of the adjacent Venetia Kimberlite areas. By way of background, the Company was selected by DeBeers to acquire the Project following an extensive competitive proposal and review process that commenced in 2008. The Company closed the Project acquisition in February of 2011 through its South African subsidiary, DMI Minerals South Africa (Proprietary) Limited ("DMI Minerals"). DMI Minerals is 70% owned by the Company, and 30% owned by the Company's Black Economic Empowerment partner, Nozala Investments (Proprietary) Ltd, ("Nozala"). Nozala is a broad-based 100% women-owned business entity with an estimated 500,000 rural women shareholders. Shortly after finalizing the acquisition, the Company entered into a long-term strategic alliance, inclusive of supply and financing components, with world famous premier luxury jewellery and specialty retailer, New York based Tiffany & Co. The company also reported that it plans to file an updated NI43-101 technical report in the near future and this updated NI43-101 technical report will incorporate and expand on the extensive infrastructure development work achieved to date at the Project, as well as other relevant data available to this point. The current NI43-101 was prepared and filed in 2009 as part of the acquisition process. In conjunction with further advancement of the Project, the Company plans to complete additional bulk sampling and exploration exercises on areas, including those areas surrounding the current areas of focus, the results of which will be incorporated into subsequent NI43-101 report(s).

South African Department of Mineral Resources Grants Mining Right for the Krone-Endora at Venetia Project to Diamcor Mining

Diamcor Mining Inc. announced that the South African Department of Mineral Resources has granted a Mining Right for the Krone-Endora at Venetia Project. The Mining Right has a 30 year term and grants the company the sole and exclusive right to mine and recover diamonds over areas initially targeted by the company encompassing 657.71 hectares of the Project’s total area of 5,888 hectares. The company has also submitted an application for a mining right over the remaining areas of the Project. The Project is located directly adjacent to De Beers’ Venetia Diamond Mine in South Africa, and the Project’s associated deposits have been identified as being the result of the direct-shift and erosion of material from the higher grounds of the adjacent Venetia Kimberlite areas.

Diamcor Mining Inc. Completes Construction, Installation, and Commissioning Work of In-Field Dry-Screening Plant at Krone-Endora At Venetia Project

Diamcor Mining Inc. reported that it has now completed the construction, installation, and commissioning work associated with the planned expansion of the company's in-field dry-screening plant at the company's Krone-Endora at Venetia Project. These upgrades included the installation of a second Dabmar Bivitec screening unit as well as the design, construction and installation of additional conveyor and material handling structures to create a closed-loop automated system to enhance the treatment and removal of fine materials under 1.2mm. The company also completed the design, construction and installation of a large material storage and transfer bin and associated conveyor structures to allow for the automated loading of screened material for transport to the Company's treatment plant. The company believes this expansion will enhance the efficient screening of fine material, reduce operating costs, and effectively support increased processing capacities in the long-term.

 

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