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Diamonds Summary
Symbol C : *MKTDIAM
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Diamond & Specialty Minerals Summary for Dec. 6, 2017

2017-12-06 19:29 ET - Market Summary

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by Will Purcell

The diamond and specialty minerals stocks box score for Wednesday was a ho-hum 66-90-122. The TSX Venture Exchange fell fractionally to 783 while polished diamond prices rose 0.15 per cent. Grenville Thomas and Ken Armstrong's North Arrow Minerals Inc. (NAR) dropped 2.5 cents to 19.5 cents on 126,000 shares. The company, one of Canada's busiest diamond explorers but often a thin trader, has not had news since late October, when it wrapped up work on three of its lesser projects: Loki, LDG and Pikoo.

Jean-Raymond Boulle and Sybrand Van Der Spuy's Diamond Fields International Ltd. (DFI), up one-half cent to 12 cents on 3,000 shares, has received a 10-year extension to its mining licence covering the ML-111 diamond concession off the coast of Namibia from Namibia's Ministry of Mines and Energy. The Namibian government granted Diamond Fields a 15-year initial tenure at ML-111 late in 2000. The licence expired late in 2015 and Diamond Fields has been saying since then that it had been working with the government to address "certain terms and conditions" imposed by the Namibians.

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