Gem Diamonds Di Share News (GEMD)

IN BRIEF: Gem Diamonds recovers 245 carat diamond from Letseng mine

Gem Diamonds Ltd - London-based diamond producer with diamond mining operations in Lesotho and Botswana - Says it has recovered a 245 carat white Type II diamond from the Letseng mine in Lesotho. The company says that, along with a 129 carat diamond and a 125 carat diamond recovered in late May, this is the third diamond of over 100 carats recovered from the Letseng mine within the past three weeks.

TRADING UPDATES: Altona Rare Earths positive on Monte Maumbe project

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

UK shareholder meetings calendar - next 7 days

IN BRIEF: Botswana Diamonds fails to find partner to buy Ghaghoo mine

Botswana Diamonds PLC - exploration & project development company focused on Botswana and South Africa - and Gem Diamonds Ltd - London-based diamond miner - Parties say share sale agreement has now lapsed. In 2021, Gem Diamonds had agreed a binding share sale agreement with Okwa Diamons Pty Ltd to sell Gem Diamonds Botswana Proprietary Ltd, the owner of the Ghagoo diamond mine in Botswana. Okwa Diamonds is owned by Vast Resources PLC and Botswana Diamonds. Longstop date had been extended until Wednesday for Botswana Diamonds to find a joint-venture partner to replace Vast. Botswana Diamonds did not manage to secure a new JV partner by the deadline, thus the agreement has lapsed.

LONDON BROKER RATINGS: Barclays cuts Rio Tinto; Jefferies likes CVS

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Monday:

IN BRIEF: Jangada Mines shares in freefall after technical report

Jangada Mines PLC - London-based mining company focused in Brazil - Says a technical report confirms that there are no impediments to proceeding its mine development at Pitombeiras, Brazil. "There are no legal, technical, or geological impediments to proceeding to mine development, construction, and production, highlights the project's robust economics and excellent potential to become a profitable producer of Ferrovanadium concentrate and Titanium dioxide," the firm says.

IN BRIEF: Gem Diamonds shares slip as carat production and prices fall

Gem Diamonds Ltd - London-based diamond miner - Sells more carats in the quarter ended March 31 than the quarter before. Carat sales up at 28,461 from 24,790 quarter-on-quarter. Revenue rises to USD52.1 million from USD50.0 million. However, average price per carat falls to USD1,831 from USD2,018, and production of carats during the quarter falls to 28,430 from 33,069 in the last quarter of 2021.

UK earnings, trading statements calendar - next 7 days

TRADING UPDATES: SSE's Transmission raises cash; Croda gets UK grant

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

LONDON BROKER RATINGS: HSBC takes positive stance on blue-chip miners

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

TRADING UPDATES: Portmeirion restores dividend; Empresaria in profit

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Vast Resources pulls out of deal for Gem Diamonds Botswana

IN BRIEF: Vast Resources pulls out of deal for Gem Diamonds Botswana

TRADING UPDATES: BP signs biofuel deal; Elixirr expects revenue beat

TRADING UPDATES: BP signs biofuel deal; Elixirr expects revenue beat

Vast Resources pulls out of deal to buy Botswana's Ghaghoo diamond mine

GABORONE, Feb 1 (Reuters) - London-listed Vast Resources said on Tuesday it had pulled out of a $4 million deal to buy Ghaghoo diamond mine in Botswana from Gem Diamonds , without giving reasons.In August, Gem Diamonds entered into a binding share...