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by Will Purcell

The diamond and specialty minerals stocks box score for Tuesday was a mediocre 68-77-123. The TSX Venture Exchange gained two points to 838 while polished diamond prices jumped 0.3 per cent. Larry Reaugh's American Manganese Inc. (AMY) lost five cents to 20 cents on 6.15 million shares. The company is seeking to raise $1-million at 14 cents to finance its latest promotion: recycling lithium-ion car batteries.

Dr. Leon Daniels's Pangolin Diamonds Corp. (PAN) lost one-half cent to 13 cents on 634,000 shares. Pangolin has appointed Gareth Penny to its board and elected him non-executive chairman. Mr. Penny was a career De Beers man and Pangolin says he was "instrumental in reshaping" De Beers and the diamond industry. (He stepped down as chief executive officer of De Beers group in 2010 amid speculation that the company's major backers blamed him for the company being forced into raising $1-billion (U.S.) through a rights offering needed to lower the debt racked up during the temporary collapse of the diamond market seven years ago.) Dr. Daniels, former chairman and Pangolin's continuing president and CEO, says he and his crew are very pleased to have Mr. Penny join the company's board.

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