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Diamond & Specialty Minerals Summary for May 13, 2016

2016-05-13 19:16 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Friday was an upbeat 70-51-136. The TSX Venture Exchange gained six points to 679 while polished diamond prices inched upward. Robert Gannicott's Dominion Diamond Corp. (DDC) lost 35 cents to $13.78 on 306,000 shares. The company is expecting to receive its feasibility study of the big Jay project, northeast of Diavik and east of Ekati on the Buffer claims, this month.

Jean-Raymond Boulle and Sybrand van der Spuy's Diamond Fields International Ltd. (DFI: $0.015) is stalled again at its ML-111 marine diamond concession off the coast of Namibia. The company granted marine mining contractor, International Mining and Dredging Holding Ltd. (IMDH), an option to earn up to 80 per cent of its interest in the concession in stages culminating with putting the concession into production. The first two stages of work -- geophysics and test sampling -- were completed months ago, resulting in IMDH earning a 50-per-cent interest.

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