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July 19 2010 edmonton alberta shear minerals ltd shear srmtsxv is pleased to announce that it has entered into a purchase and sale agreement the agreement with tahera diamond corp tahera and benachee resources inc collectively the vendors to acquire a 100 interest in the jericho diamond mine jericho and processing facilities and all
Jan 22 2010 tahera diamond corporation has officially put its jericho diamond mine in nunavut up for sale the company will accept offers from prospective buyers for either all or portions of the mines assets by march 1 2010 the final settlement and sale agreement will likely take place in early march 2010 with the company expecting a deal to be closed
Jan 24 2010 nunavut s first and only diamond mine was opened in 2006 and closed in 2008 it produced a total of 786000 ct of gem quality diamonds including over 1100 stones larger than 10 ct there was even one 58ct stone the most recent estimate from the central lobe kimberlite pipe puts indicated resources at 114 million tonnes grading 140 ct
Tahera puts nunavut ore mine up for sale tahera puts nunavut diamond mine up for salenorth 9 tahera diamond corp which opened nunavuts first and only diamond mine to date has officially put the defunct facility and related assets up for sale
The jericho mine under the ownership of tahera diamond corp began operations in 2006 as nunavuts first and only diamond mine after a highly publicized opening ceremony attended by prime minister stephen harper and exnorthern affairs minister jim prentice
The owner of the jericho mine site in canadas eastern arctic territory of nunavut has failed to pay millions of dollars to ensure the cleanup of the former site shear diamonds disappeared last
Jericho diamond mine in august of 2006 the jericho diamond mine was officially opened for operations located in the nunavut region of canada jericho lies approximately 250 miles from yellowknife owned by the tahera diamond corporation the mine received a considerable amount of construction funding from tiffany amp company
Oct 01 2001 ekati has turned out to be one of the worlds best diamond mines dishing up 6 of the world diamond production by value the diavik project is no slouch it is predicted to produce 5 of the value of world diamond production after it opens in 2003 snap lake will be another major producer when it achieves full production probably in 2006
Apr 22 2011 it was the little canadian diamond mine that could then fell off the rails hopes were high for the jericho mine when it started cranking out carats five years ago in nunavut
Tahera puts nunavut diamond mine up for sale tahera puts nunavut diamond mine up for sale tahera puts nunavut diamond mine up for sale tahera diamond corporation was a canadian diamond mining company headquartered in toronto s get price alex grinding machinesfitboxpercani
Nancy karetaklindell member of parliament for nunavut on behalf of the honourable ethel blondinandrew minister of state northern development announced today that the water licence has been signed for benachee resources inc a wholly owned subsidiary of tahera diamond corporation the licence allows the company to begin construction of the jericho diamond mine nunavuts first diamond
Oct 10 2016 in 2006 a canadian diamond mining company called tahera started production at the jericho mine in nunavut but fell into financial difficulties a year later the jericho mine has been dormant since 2008 although there was a shortlived attempt to revive it in 2012
Jericho the first and only diamond mine in nunavut started operations in 2006 but owner tahera diamond corp struggled to turn a profit hampered by a stronger canadian dollar versus the us
Dec 11 2007 tahera diamond corp a fledgling gem producer that has been hammered by the strong dollar and rising costs at its jericho mine in nunavut said that if it fails to raise the funds it will face
Diamond stocks are not necessarily a cakewalk this is a story where a mine was put into production in the north west territories but costs were a lot higher than expected and the company ran into cash flow problems and the grade was not what they expected
Tahera diamond corporation was formerly known as tahera corporation and changed its name to tahera diamond corporation in 2004 the company was founded in 1999 and is based in toronto canada on jan 16 2008 tahera diamond corporation filed for bankruptcy protection under canadas companies creditors arrangement act
The troubled canadian junior decided to put on hold its bullish plan to revitalize nunavuts jericho diamond mine which last functioned from 2006 to 2008 only months after it restarted operations
Nunavut leaders insisted all along that some of the diamonds be polished locally in order to foster regional development but that never happened tahera just continues to lose money 143 million over the first nine months of 2007 alone and has written off 73 million spent on the jericho mine that it now does not expect to recover
The jericho diamond mine was the third diamond mine in canada and the first in nunavut territory it is located about 250 miles northeast of yellowknife northwest territories the mine was opened by tahera diamond corporation and produced diamonds from 2006 to 2008 but the company lost money
Northern mining news volume 10 no 3 march 2017 our mission to provide leadershipon and advocate for responsible and sustainable mineral exploration and development in the nwt and nunavut in this issue diavik mine life extended to 2025 dominion diamond report2 potential sale of dominion diamond corp
Apr 23 2011 it was the little canadian diamond mine that could then fell off the rails 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 prices and sinking rough diamond prices all took their toll
Jul 04 2007 mr gill who owns 17 million aur shares and options worth 697million canadian said his company had not put itself up for sale but was bound to consider the teck offer story continues
The mine was estimated to be able to produce 375000 carats 75 kg a year with a value of can 25 million in the first half of 2006 the mine had processed 210000 tonnes for 126918 carats 25384 kg tahera diamond corp has placed the jericho diamond mine and other assets up for sale effective january 182010
The largest diamonds mined in 2020 so far despite covid19 2020 is shaping up to be a fruitful year for some diamond miners
Jericho was nunavuts first diamond mine the openpit mine was mined from 2006 to 2008 and has since been dormant the jericho mine was owned and operated by the tahera diamond corporation a canadian diamond exploration development and mining company tahera faced financial difficulties and eventually had to file for corporate bankruptcy
Jul 03 2008 the stone has taken over top spot in the canadian size rankings from a 238carat diamond recovered by tahera diamond corp at the jericho mine in nunavut
De beers puts canadian snap lake diamond mine up for sale has put its snap lake diamond mine in canada up for sale after suspending operations at eastern arctic territory of nunavut is
Tahera diamond corp 114 toronto symbol tah si rating startup 1877777 2004 wwwtaheracom shares outstanding 1563 million market cap 1782 million has completed the sale of 30 million units to teck cominco at 100 per unit the units are comprised of 30 million common shares and read more
May 04 2012 since november their majority owners multinational mining giants bhp billiton and rio tinto respectively both have commenced reviews of their diamond operations effectively putting both mines up for sale some analysts speculate these reviews could result in individual mine sales or initial public offerings of entire diamond divisions
Operations the mine was developed opened and operated by tahera diamond corporationthe company was provided with can 35 million loan by tiffany amp co to assist in construction of the site as part of a marketing alliance the mine produced diamonds from 2006 to february 2008 and was taheras only mining operation territory nunavutget price
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