Precious Metals
Diamcor Secures $5M Loan for South African Diamond Mine
Proceeds from the financing agreement will be used to accelerate operations at Diamcor Mining’s Krone-Endora at Venetia Project in South Africa
“This financing is the result of long-term relationships we have developed with key associates in Dubai over many years, and the mutual vision our companies share on the merits of building a growing supply of gem quality non-conflict natural rough diamonds for the luxury jewelry sector” stated Diamcor CEO Dean Taylor.
Funding will support processing existing stockpiles, deploying additional assets to increase processing volumes and advancing ongoing mine development, including bulk sampling. The loan will also cover Diamcor Mining’s general operating expenses to enhance productivity at the site.
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