shear diamonds buys jericho
DIAMOND DEVELOPMENT: Shear updates Jericho operation
NUNAVUT – Shear Diamonds of Toronto delivered the first parcel of diamonds from its Jericho diamond project to its marketing partner, Tache Company NV, on May 29, 2012.The parcel contained 11,317.98 ct. Tache has made an interim payment of US$500,000 to Shear in expectation that the total value of the parcel will be more than that.
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Tache Group and Shear Diamonds form an alliance
From Tache, Shear will receive debt financing as a term loan worth $2 million repayable in installments over 12 months when Shear starts receiving proceeds from its Jericho diamonds. It will also receive a revolving credit facility worth $3 million, which can be taken against when it begins shipping diamonds from the existing recovery …
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Nunavut diamond mine owners owe $2M for cleanup costs
The owner of the Jericho mine site in Nunavut has failed to pay millions of dollars to ensure the cleanup of the former site. Shear Diamonds disappeared last fall, after unexpectedly closing up ...
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DIAMOND EXPLORATION: Shear takes Jericho step closer …
NORTHWEST TERRITORIES - Shear Diamonds of Toronto is beginning performance tests in the diamond recovery plant at the closed Jericho diamond mine in anticipation of reopening it. Running stockpiled material through the mill will give the company a better understanding of how the plant works and what modifications might be …
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Jericho diamond mine site still in limbo | CBC News
The old Jericho diamond mine continues to languish, according to Nunavut regulators, and there's no indication that anything will be done with the site, any time soon. ... Shear Diamonds announced ...
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Owners of Nunavut's first and only diamond mine nowhere …
Shear Diamonds (TSX VENTURE:SRM), the company that bought Canada's Jericho mine site in 2010 after the previous owners went bankrupt, have vanished off the …
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jericho mine update november julie lassonde.md
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Shear Announces Positive Water License NWB Decision for Jericho Diamond
Shear Diamonds Ltd. (TSX VENTURE:SRM) is pleased to announce that the Nunavut Water Board ("NWB") issued a positive decision on the water license application for the Jericho Diamond Mine.
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Nunavut's 1st diamond mine could re-open | CBC News
The company that now owns the Jericho mine, which is 360 kilometres south of Cambridge Bay, Nunavut, is preparing to look for diamonds there again. ... Shear Diamonds bought the mine in July 2010 ...
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Owners of Nunavut's first and only diamond mine nowhere to …
Shear Diamonds (TSX VENTURE:SRM), the company that bought Canada's Jericho mine site in 2010 after the previous owners went bankrupt, have vanished off the face of the earth.
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Shear Announces the Recovery of 200.85 Carats of Diamonds …
TORONTO, ONTARIO--(Marketwire - Oct. 6, 2011) - Shear Diamonds Ltd. (TSX VENTURE:SRM) today announces the recovery of the first 200 carats of diamonds from trial tests performed in the recently ...
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Northern diamonds in the rough
Hopes were high for the Jericho mine when it started cranking out carats five years ago in Nunavut, 420 km northeast of Yellowknife. But operational setbacks, the strong loonie, skyrocketing oil ...
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Abandoned Nunavut diamond mine now belongs to the Crown
Before that, Jericho was owned by Tahera Diamond Corp. which operated the mine, located in the western Arctic's diamond belt, from 2006 to 2008 and then went into creditor protection in January 2008. ... Shortly thereafter, court officials attempted to serve documents on Shear Diamonds and also Taché Company, part of the diamond …
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Canadian Diamonds: Is A Resurgence On The Very Near …
The Ekati Diamond Mine Mines In Development. The Jericho Mine: Nunavut's only producing diamond mine was developed by Tahera Diamond Corp. and produced 780,000 carats between 2006 and 2008. Tahera ran into financial difficulties due to high operating costs in a difficult environment, a high Canadian dollar, and a short …
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MINERAL PROCESSING: Shear recovers diamonds from Jericho …
NUNAVUT – Toronto-based Shear Diamonds has begun processing high grade concentrate stockpiles at its Jericho diamond mine and reports the recovery of 3,500 ct from 358 tonnes of material in the first 10 days of processing.. Shear says it has worked hard to overcome processing challenges at Jericho. These include the …
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Shear Diamonds Ltd. Announces Resignation of CFO and …
Shear Diamonds Ltd (Shear) is a Canada-based diamond exploration company focused on the evaluation of the Jericho Diamond Mine and nearby exploration assets. The Company is focused primarily in Nunavut but has additional properties in the Northwest Territories and other jurisdictions.
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Future of Nunavut-based Jericho Diamond Mine Still …
Nunatsiaq Online reported that though the Nunavut-based Jericho diamond mine remains in legal limbo, the Nunavut Impact Review Board continues to request that Shear Diamonds Corp., its legal owner ...
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Nunavut regulator seeks reports from Jericho mine owner
Shear Diamonds, which owns the Jericho mine, is being told by Nunavut regulators to get its paperwork together. The company bought the defunct mine south of Cambridge Bay in 2010 but has since ...
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Shear Diamonds Stock Toronto S.E.
Shear Diamonds Ltd (Shear) is a Canada-based diamond exploration company focused on the evaluation of the Jericho Diamond Mine and nearby exploration assets. The …
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Shear Diamonds Ltd Stock Price Today
View today's Shear Diamonds Ltd stock price and latest SRMh news and analysis. ... It primarily focuses on the owned Jericho diamond mine and surrounding exploration assets located in the ...
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Jericho owner strikes deal with Belgian diamond firm
The Belgian diamond firm Taché has agreed to purchase rough and polished diamonds from the Jericho project and to provide Shear with a loan of $2 million, repayable over 12 months, after Shear begins recieving the proceeds of diamond sales. And after Shear starts shipping diamonds, Taché will give them a $3 million line of credit.
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Shear Diamond Hair Salon | Burlington NC
Shear Diamond Hair Salon, Burlington, North Carolina. 153 likes · 1 talking about this · 732 were here. Hair Salon
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Jericho mine water licence approved | CBC News
In the meantime, Shear plans to continue looking for diamonds in the reject pile at Jericho. Jericho, which operated from 2006 to 2008, was Nunavut's first diamond mine. It is located 360 ...
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Shear starts diamond processing at Nunavut's Jericho mine
Shear Diamonds Ltd. says it's begun processing diamonds from the stockpiles at its Jericho diamond mine in Nunavut. About 3,500 carats have been recovered from 358 tonnes after the first 10 full days of processing, the company reported May 1. For the next 10 months, Shear plans to focus on the processing of these stockpiles.
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Shear Announces Resignation of CFO and Directors
On September 4, 2012 Shear announced that it had suspended production of its high grade stockpiles at its owned Jericho diamond mine as a result of continuing weak world diamond prices.
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Abandoned explosives plant on Jericho mine site …
The explosives plant and equipment are located on the Inuit-owned portion of the parcel. Tahera filed for bankruptcy in 2008 and mothballed Jericho. Shear Diamonds bought the mine in 2010, and …
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Nunavut diamond mine in care of federal clean-up program
Nunavut's abandoned Jericho diamond mine is now in the care of the federal government's Contaminated Sites Program. ... Shear Diamonds should have posted a security bond of $3.4 million — money ...
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